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<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 Pcriodic Paymente.
<br /> 3. Fnnds for Escrow Items. Borrower shall pay to Lendet on the day Periodic Payments arc due twder the
<br /> Note,until the Nota is paid in full,a anm (the"Funds")to provide for payment of amounts due for: (a)Caxes
<br /> and assessments and other items which can attain priority over this Security Inshvment as a lien or
<br /> encumbrance on the Property; (b)leasehold payments or ground rents on tLe Property, if any; (c)premiums
<br /> for any and all insutance required by Lender under 5ection 5; and (d) Mortgage Inswance premiums, if any,
<br /> or any sums payable by Borrower to Lender,in lieu of the payment of Mortgage Insurance premimne in
<br /> accordance with the provisions of Section ]0. These items are 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,6e escrowed by Borrower,and such dues, fees and assessments shall be an Escrow
<br /> Item. Boaower s6a11 promptly fivnish to Lender all notices of amaunts to be paid under this Section.
<br /> Bonower shall pay Lender the Funds for Escrow Items unless Lender waives Barrower's obligation to pay
<br /> the Funds for any or all Escrow Items:Lender may waive Borrower's obligation to pay to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver;
<br /> Sorrower shall pay directly, when and where payable,the amounts due for any Escrow Items for which
<br /> payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts
<br /> evidencing suc6 payment within such time period as Lender may require. Borrower's obligation to make
<br /> such payments and to provide receipts shall for all purposcs be deemed to be a covenant and agteement
<br /> contained in this Security Inslrnment,as the phrase"covenant and agreemenf' is used 'in Section 9. If
<br /> Borrower is obligated to pay Eacrow Items directly,pursuant to a waiver,and Borrower fails to pay the
<br /> amount due for an Escrow Item,Lender may axercise its rights under Section 9 and pay such amount and
<br /> Borruwer shaU then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke
<br /> the waiver as to any or all Escrow Items at any time by a potice given in awordance with 5ection 15 and,
<br /> upon such revocation,Borrower s6all pay to Lender all Funds,and in such amounts,that are then required
<br /> under this Section 3.
<br /> Lender may, at any time,collect and bold Funds in ati amount(a) sufficient to permit Lender ta apply the
<br /> Funds at the time specified under RESPA,and (b)not to exceed the maximum amount a lender can require
<br /> under RESPA. Lender shall estimate the amount of Funde due on the basis of current 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 aze insured by a federal agency, instrumentality,or
<br /> entity (including Lender, if Lander is an institution whose deposits are so insured)or in any Federat Home
<br /> Loan Batilc. Lender shall apply the Funda to pay the Escrow Items no later than the timc specified under
<br /> � RESPA. Lender ehaU not c6arge�Borrower for holding and applying the Funds,.annually aualyzing the
<br /> escrow account, or verifying the Escrow Itema,unless Lender pays Borrower interest o�the Funds and
<br /> Applicable Law permits Lender to make such a charge.Unlesa an agreement is made in writing m
<br /> Applicable Law requires intarest to be paid on the�nds, Lender shall not he required to pay Borrower any
<br /> intere�t or earnings on t6e Funds. Bonower and Lender can agree in writing,however,that interest shall be
<br /> paid on the Funds. Lender s6a11 give to Borrower,without charge,an annual accounting of the Funds as
<br /> required hy RESFA.
<br /> IF there is a surplus of Funds held in escrow, as defined mder RESPA, Lender shall account to Borrower foc
<br /> the excess funds in accordance wit6 RESPA. If there is a shortage of Funds held in escrow,as defined under
<br /> RESPA, Lender shall notify Bonower as required by RESPA,and Bonower shall pay to Lender the amaunt
<br /> necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments: If
<br /> t6ere is a defieiency uf Fimds 6eld in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> . NEBRASKA-Sin91e Family-Fennia Mee/Freddw Mac VNIFORM IN3TRUMENT � Form 30281/0F .
<br /> VMP� � VMPfitNE)(1105).00 .
<br /> WolteB Kluwar Financial Servicas . � � Page 6 of�7 � �
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