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201201013
<br /> Any application of payments, insurance proceeds; or Miscellaneous Ptoceeds to prineipal due under the Note
<br /> shall not estend or postpone the due date, or change the amnunt, nf the Periodic Payments.
<br /> 3, Bnttds fnr Escrow Iteras. Borrower sha11 pay to Lender on the day Periodic Payments aze due imder tha
<br /> Note, imtil the�Iote is paid in fiill, a sum (the "Fund�")to pxovide for paym�nt of amounfs dae foi: (a) tases
<br /> and assessments and other items which can attain priarity over this Security Instnuuent as a lien or
<br /> encurnbsance on the Property, (b) leasehold payments or ground rents on the Properry, if any, (c)pxzmiums
<br /> for any and all insurance required by Lender cmder Section 5; and(d)Mortgage Insurance prcmiums, if any,
<br /> or any sums payable by Borrower to Lender in lieu oPthe payinent of Mortgage Insurance premiums in
<br /> accordance with the prov�isions of Section 10. These items aze called"Escrow Itzms." At origination or at
<br /> any time during the term of the Loan, Lender inay rcquire that Community Association Dues; Fees, and
<br /> .Sssessments, if any; be escro�vzd by Barrower; and such dues, fees and assessments sl�all be an Escrow
<br /> Item. Eoaower shall promptly frunish to Lender all notice$af amoimLs to be paid un,dar thls Section.
<br /> Borrower shall pay Lcnder the Funds for Escrow Items unle,s Lender�waives Bonower's obligation to pay
<br /> the Funds for any or all Escrow Iteins. Lender may waive Borrower s obligation to pay to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waivcr may only be in�vriting. In the evenc of such waiver,
<br /> Bonower shall pay direcfly, when and where pauable, the amounts due for any Fscrow IteuLS for which
<br /> payment o£Ftimds has been waived by Lender and, if Lender requires, sLall fumish to Lender receipts
<br /> evidencing such payment cvithin such rime period as Lender may require_ Bosower's obligation to�make
<br /> such payrnents and to pro�ide receipts shall for a11 purposes be deemed to be a covenant aud agreement
<br /> contained In this Security Instruiuent, as the phxase°covaiianE and a�eement° is used in Section 9. If
<br /> Borrower is obligated to pay Fscrow Items directly, pursuant to a waiver, and Borrower iails W pay the
<br /> amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br /> Borrowa shall then be obligated undei Section 9 to xepay to Lznder any such amoiutt. Lender may revoke
<br /> the waiver as to any ox all Fscrow Items at any time by a notice given in accordance with Section 15 and,
<br /> upon such revocation, Barrower shall pay to Lender all Funds, and in such amounts, rhat are then required
<br /> under this Sccuon 3.
<br /> Lender may, at any time, collect and hold Funds in an amount(a)sufficient to permit Lender to apply the
<br /> Funds at the time specified under RESFA, and(b)not to exceed the max;*r�,**� amount a lcnder can require
<br /> under RESPA. Lender shall estunate the amount of Punds due on the basis of current data and reasonable
<br /> estimates of espenditures of£uture�scrow Itcrcus or otherwise in accordauce with Applicable Law.
<br /> The Funds shall be held in an institurion whose deposits aze insured by a federal agency, instrunizntality, or
<br /> entity(including Lender, if Lendes is an instih�tion whose deposit$are so in9ured) or in any Federal Home
<br /> Loan Bank Lender sba1T apply khe Funds to pay the Escrow Ite�ris no later than the time specified undez
<br /> RESPA. Lznder shall not charge Boaower for holdin�and applyin�ihe Funds, annually analyzing thz
<br /> escrow account; or verifying the Escrow Items, unless Lender pays Borrocver interest on the Funds and
<br /> Applicable Law>pemut�Lender to make such a charge. linless an agrzeinent is made in wriring or
<br /> Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> interest or aanvngs on the Funds. Borrower and Lender can a�ree in writing, however, that interzst shall be
<br /> �aid on the Fimds. Lender shall give to Bozrower, without chazge, an annual accounting of the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escro�v, as defined under RESPA, Lender shall account to Borrower for
<br /> the excess funds in aceordance with RESPA. If these is a slzortage of Funde held in e�crow, as defined under
<br /> RESPA, Lender shall notify Borrower as required by RESPA, �d Borrower shall pay to Lender hlie amount
<br /> necessary to make up the shortage m accordance mith RESPA., but in no more flaan 12 monthlypayments. If
<br /> Yhere is a deficiency of Fundt held in escrow, as defined under RESPA, Lender shall noEify Borrpwer as
<br /> 260002?p
<br /> N EBR?,SKA-Sin31e Femily-Pannie M ze�Freddie NI ac UNIF02M11 INSTRUM ENT Form 3028 1(017
<br /> VNP(x] VMP6�e5�ot17
<br /> N.�oltars Kluwer Finacci�l Servica
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