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201201532
<br /> flny application af payments, insurance proceeds, or Miscellaneous Procceds to principal due under the Note
<br /> shall not extend or posipone the due datc; or ehange the unounC, of the Periodic PaymenTs.
<br /> 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payinents aze due under the
<br /> Note, until the Note is paid vi�€ull, a stun(the"Fuuds")m providc for payment of a,mounfs due for: (a) taxes
<br /> and assessments and other items wliich ean attain priority over this Seciu-ity Insfrurnenc as a lien or
<br /> encumbrance on th�Property; (b)leasehdd payments or ground rents on tho Property, if a�; (c)premiums
<br /> for any and all insurance rcqLUred by Lender imder Section 5; and(d)Mortgage Insurance preiniiuns, if any,
<br /> or any sums payable by Bosowcr to Lender in lieu of the paymem of Mortga.ge Insurance premiums in
<br /> accordance will�the provisions of Section 16. These iterns aze called "Escrow Itews." At origination or at
<br /> any time during the tenn of the Loan, LendeL�nay require that Community Association Dues, Fees, and
<br /> Assessmcnts, if any, be escro�vcd by Borrower, and such dues, fees and assessments shall be an E�crow
<br /> Item, Borrower shall pxomp�ly fiunish to Lender all notices o£amounts to be paid uuder this Section.
<br /> Borrower shall pay I,ender the Funds for�scrow Itetns unless Lender v✓aives Borrower's obligarion to pay
<br /> the Fuuds for any or all Escrow Items. Lender may waive Bonower's obligatioa to pay to Leudex Func7s for
<br /> any or all Escrow Itesns at any time. Any such waivcr may only be in writing. In the eveut of such waiver,
<br /> Borrower shall pay directly, when and where payable, the ainounts due for any Escrow Items for which
<br /> payinent of Funds has bcen waived by Lender and, if Lender requires, shall$anish to L ender receipts
<br /> evideizcing such payment within such tnne perlod as Lender may xequire, Boxrower's obliga.tion Yo make
<br /> such paymenLS and to provide recei�fs shal] for all purposes be deemed to be a covenant aud agreemen2
<br /> contained in Y1�is Sec�ity Inshwnent, as the phrase "covenant and agreement" is�nsed in Secrion 9. If
<br /> Borrower is obliga.ted.to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br /> amowit due for an Z.sciow Item, Lender may exercise zts rights under Section 9 �d pay such amoimt and
<br /> Boriawer shall then be obligated under Sectiori 9 to iepay to Lender any such amount. Lender inay revoke
<br /> the waiver as to az!y or dll F.scrow Items at any time by a norice�vcn in accordance with.Section 15 and;
<br /> upon such revocation, Boi'rower shall pay to I,ender a11 Funds, and in such�noutits, that are then required
<br /> under this Section 3.
<br /> Lendei inay, at any time, collect and hold Funds in an ainount(a)sufficient to pern�it Lenfler to apply fhe
<br /> Funds at the tune specified uncler RESPA, and(b) not to exceed the anaximum amount a Iender e<w require
<br /> under RESPA. Lender shall estunate the zunount of Funds due on Che basis of current data and reasonable
<br /> estimates of expeudi'tm'es of futuie Escrow Items or otheiw3se in accordance with Applicable Law.
<br /> The Funds shall be keld in an institution whose deposits aze insured by a federal agency, inspZtmen[ality, or
<br /> entity(including Lender, if Lender is an insCitution whose deposils are so insured) or in any Federal Home
<br /> Loan Bank. Lender sliall apply the Funds to pay the L-.scrow Items no later than the time specified uuder .
<br /> RESPA. Lendez sha11 not charge Borro�cer for holding and applying the Pmids, aniivally azialyzing the
<br /> escrow account, or vcrifyinn the Escrow Itenls, unless Lender pays Borro�ver interest on�lie Funds and
<br /> Applicable Law pernuts Lender to makc such a chazge. Unless an a�eement is madc in�n-iting or
<br /> Applicable L.aw requires interest to be paid on thc Funds, Lenda sliall not be required to pay Borrower any
<br /> interest or earnings on the Funds. Borrou�er and Lender can agree in a�riting, however, that interest shall be
<br /> paid on the Funds. Lender shall give to Borrower, without chazge, an annual accountine of the Fuads as
<br /> requiied bq RESPA
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA, Lender s1u111 account to Borrower for
<br /> the excess funds in accordance with RESPA. If there is a shortage of Funds hcld in escrow, as defined under
<br /> RESPA, Lend�r shall notify Borrower as requued by RE�SPA, and Borrower shall gay to Lendex the amoimt
<br /> necessary to make up the shortage in accordance with RF,SPA, but in no mare than 12 monthly payments. If
<br /> there is a dcficiency of Funds held in cscrow, as defined ande�RESPf�, Lender shall notify Borrower�s
<br /> zaoaoazz
<br /> NEBRASKA-SingleFamity-Fannieblae.'PredtlieM1tacONIFORM INSTRUP�iENT Form 30281i01
<br /> VMP� VMPaM�(��05)
<br /> 41'olte:s Kluwer Financial Services Page 5 o(1]
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