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201200389
<br /> Any applicatlon of payments, insivance proceeds, or Ivli.scellaneous Pxoceeds to priRcipal due pnder fhe Note
<br /> shall not extend or postpone the due date, or change the amount, oF thc Penodic Payments.
<br /> 3. Fands for Escrow Items. Borro�ver shall pay to Lender on the day Periodic Payments are due under the
<br /> Nate, unffi the Note is paid in full, a sum(the"Funds")to provide far payment of amounts due for: (a) tazes
<br /> and assessments and other items whicli can attain priority over tlus Security Inshwnant as a lien ar
<br /> e��cumbrance on the Properry; (b)]easehold payments or ground rents on the Property, if any; (c)premiums
<br /> for any and all insurance requited by Lender Lmder Section 5; and(d)Mortgage Insurance prciniums, if any,
<br /> or any sum5 payable hy Borrower to Lender in lieu of the payment of Mor4gage Insurance premiuins in
<br /> accordance with the provisions of Section 10. These itecns arc called"Escrow ICems." At origination or at
<br /> any time during the term of the Loan, Lender may require that Coinmunity Association Dues, Fees, and
<br /> Assessmenfs; if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow
<br /> Ttem. Bo�ower shall pxomptly furnisk to Lender all nohices of amouffis to be paid under this Section.
<br /> Botcower shall pay Lender the Funds for Escrow Items unless Lender watves Barrower's obllgation to pay
<br /> the Funds for any or all Escrow Items. Lender may waive Bosrower's obligation to pay to Lender Funds for
<br /> any or all Escro�v Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br /> Borrowcr shal]pay directly, when and where payable, the amounts due for any Escrow Itcros for�vhich
<br /> payment of Funds has becn waived by Lender and, if Lender requires, shall fiunish to Lender receipts
<br /> evidcncina such payment within such tixi,e period as Lender may require. Borrower s obligarion to make
<br /> such payments and to providc receipts shall for all purposes be deemed to be a�covenant and a�eement
<br /> conlained in this Seeurity Instnunent, as thc phrase"covenant and agrez�nent" is useci in Secrion 4. Lf
<br /> Borrower is obligated to pay Escrow Items dircctly, pursuant to a waiver, and Borrower fails Yo pay flie
<br /> amount due for an Escrow Item, Lender may eXercise its rights under Section 9 and pay su0h amounY and
<br /> Borrower shall then be obligated under Section 9 to repay to Lender any such amoLmt Lender may revoke
<br /> the waiva as to any or al1 Escrow Ikems at airy time by a notice given in accordahce wtth Section 1S and,
<br /> upon such revocation, Borrower sha11 pay to Lender all Funds, and in such unounts, that are then reqnired
<br /> under this Section 3.
<br /> I.ender may, at any tune, collect and hold Funds in an amouat(a) sufficieni to permit I,ender Yo apply the
<br /> Funds at The time specified under RESPA, and(b)noC to exceed the mzxunum am�unt a lender can require
<br /> under RESPA. Lcnder shall estunate the amount of Funds due on the basis of current da#a and reasonable
<br /> estimates of e�p�ditures of fuYure Escrow Items or othe�wise in accpida.nce with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br /> enlity(including Lender, if Lender is an institntlon whose deposits are so insurecn pi in any�'ederal Home
<br /> I oan Banlc Lender shall apply the Funds to�ay the Escrow IYems no later than the time specified Lu7der
<br /> RESFA. I.ender shall not charge Borrower for holding and applying the Pnnds, anmially analyzing the
<br /> escrow acarunt; or veritying the Escrow Items, Luiless Lender pays Borrower vrterest on the Punds and
<br /> Applicable Law pe_*mits Lenaer to make such a chazge. Unless an agreement is made in writing ar
<br /> Applicable I.aw requires interest to be paid on flie Funds, Lender shall not Ue required W pay Borrower aay
<br /> interest or eazninos on the Funds. Borrower and Lender can agree in writing, hot�ever, that interest shall be
<br /> paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as
<br /> required by RESPA
<br /> If there is a surplus of Funds held in escrou�, as defined under RESPA Lender shall account to Borrower for
<br /> the excess funds in accardance�v�th RESPA. If there is a sh�rtage of Funds held in escrow, as defined under
<br /> RESPA, Lender shall notify Boaower as required by RESPA, and Snrrowec shall pay to Lender the amount
<br /> necessazy to make up the shortage in accordance with RESPA but in no more than 12 monthly payments. If
<br /> th�re is a deficiency oP F unds held m escrow, as defined mider RESPA, Lender shall notify Bonower as
<br /> zaooaoso
<br /> NEBRASKA-Single Family-rannie M a&Freodie M zc UNIFORtvi INSTRUM ENT Fcrm 3028 1/01
<br /> VIviP� VI�AP6(NE)(1105)
<br /> W oltets Kluwu Financial Services Page 5 ot 1]
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