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201�0117�
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Bonower shall pay to Lender on the day Periodic Payments aze due under the
<br />Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes
<br />and assessments and other items which can attain priority over this Se�urity Instrument as a lien or
<br />encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums
<br />for any and all insurance required by Lender under S�tion 5; and (d) Mortgage Insurance premiums, if any,
<br />or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insuranc� premiums in
<br />accordance with the provisions of S�tion 10. These items aze called "Escrow Items." At origination or at
<br />any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and
<br />Assessments, if any, t�e escrowed by Borro�ver, and such dues, fees and assessments shall be an Escrow
<br />Item. Borrower shall promptly furnish ta i�nd�r all notices of amounts to be paid under this S�tion.
<br />Bonower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br />the Funds for any or all Escrow Items. Lender �y waive Borcower's obligation to pay to Lender Funds for
<br />any or all Escro�v Items at any time. Any such �vaiver may only be in writing. In the event of such waiver,
<br />Borrower shall pay dire�tly, when and where payable, the amounts due for any Escrow Items for which
<br />payment of Funds has been waivefl by Lender and, if Lender requires, shall furnish to Lender r�eipts
<br />evidencing such payment within such time period as Lender may require. Bonower's obligation to malce
<br />such payments and to provide receipts shall for all purposes be deemed to be a covenant and agrcement
<br />contained in this S�urity Insmiment, as the phrase "covenant and agre�ment" is used in Section 9. If
<br />Bonower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br />amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br />Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revolce
<br />the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and,
<br />upon such revocarion, Bonower shall pay to Lender all Funds, and in such amounts, that aze then re�uired
<br />under this Se�tion 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 sp�ified under RESPA, and (b) not to exce� the maximwm amourn a lender can require
<br />under RESPA. Lender shall estimate the amount of Funds due on the basis of cmre� data and reasonable
<br />estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />enrity (including Lender, if Lender is an institution whose deposits aze so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specifiai under
<br />RESPA. I.ender shall not charge Bortower for holding and applying the Funds, annually analyzing the
<br />escrow account, or verifying the Escrow Items, unless Lender pays Bonower interest on the Funds and
<br />Applicable Law germits Lender to make such a charge. Unless an agrcement is made in writing or
<br />ApplicablE Law re�uires interest to be paid on �e Funds, Lender shall not be required to pay Borro�Ter any
<br />urterest or earnings on the Funds. Borrower anfl Lender can agre� in writing, however, that inter�t s�all be
<br />paid om 1� �unds. i�ender shall give w Bosro�ver, without charge, an annual accounting of the Fuctds as
<br />re,q�tired �sy RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to �rrower for
<br />the excess funds in accordanc� with RESPA. If there is a shortage of Funds held in �scrow, as defined under
<br />RESPA, Lender shall notify �Bonower as requirefl by RESPA, and Borrower shall pay to Lender the amount
<br />necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If
<br />there is a deficiency of Funds held in escrow, as definefl under RFSPA, Lender shall notify Bonower as
<br />NEBRASKA-Sirtgle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP Q
<br />Wolters Kluwer Financial Services
<br />Form 3028 1 /01
<br />VMPBINE) (1105)
<br />Page 5 of 17
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