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201201565
<br /> [1ny application of pa}nnenCa, insm�ance proceeds, or Misoellaneous Pcacaeds to prinoipal due undcr the Note
<br /> sliall not extend or postpone the due date, or ohango tl�c amotult, of the Periodic Payments.
<br /> 3. I'nnda for Escrow Iteme. Borrower shall pay to Le�ider on tihe day Perio<&c Paymants are duo uncicr tlie
<br /> Nota, until Yha Note is paid in full, � sum(flie 'Bunds") to pr�vide foi�ayment oP emounta due for: (a) taxcs
<br /> and asses�ments and other items which can attAin pxiority over WiF Sccurify Inatxument as a lien ar
<br /> enotunbrancc on thc Proporty; (U) leasal�old payinenta or ground rents on the Property, if any; (c)premituns
<br /> for any and a11 insur�nce reqtdrecl by Lendcr under SecNon 5; and(d)Morhgage Insurance pren�iams, if�ny,
<br /> or c�n�sLUns payable by Borrower to Lender in lien of(he payme��t of Mortgage Insurance premiums in
<br /> accordance with tl�e provisions of Section 10. These items are called °�sorow itcros." At origination or a�t
<br /> nny Lime during the tcrm of tl�e Loan, Lender may reqture that Community AsFOCillion llucs, Nces, and
<br /> Assessments, if uiy, be escrowed by Borrower, and such dues, fecs and assessments shall be an Esorow
<br /> Item. 'Borrower shall promptly fuxnish to Lender all nofices of amounle to 6o paid under this Section.
<br /> BorroW�c shall pay La��der the Punds for Esorow Items unless Lendex waives Borrower's obligntion to pay
<br /> Che Funds tor any or 211 L�scrow Itetna Lo��der may waive Rorrower's obligation to pny to Lendar Fund�for
<br /> any or tilll Escrow Items t�t�ny time. Aiiy such waiver in�y on1y bc in writing, In tihe eventi of such waiver,
<br /> Rorrower shall pay directly, when tuid where p�yaUle, the amounts due Por auy�ncrow'ltcros ,for wl�ich
<br /> ��aynie�ti of Nimds l�as bccn waivcd by Leuder and, if Lendei requires, shall fiu�nieh to L�ender receipCs
<br /> evidencnig such payv2enC wiChin si'[ch time period as L�ndor may reqiure. Rorrower's obligation to mAke
<br /> si.ich paymeuts aud to provicie receipta shall for all purposes be deeined to Uc a covei�emt and agreement
<br /> contained in this Security Instrmnent, as the phrase"coven�art and agreemenP' ir uFed in Scction 9. If
<br /> Borrowor is obliga�ted to pay F.aorow Iteins directly, pucsnurt to a waiver, encl Borrower fnils [o pay thc
<br /> an�ount due'Por au L�.scro��Itein, Lendcr may exercise its ribhts widar Section 9 aud pay eucli amount�nd
<br /> Boixower ehall [hen be obligatied under Sechion 9 to re��ay to L��dor�ny such amomri. Lender may revoke
<br /> Yhe waiver as to any or all Eserow IYems et any time by a notioe given in accorda.ttcc wit11 Section 15 And,
<br /> upon such revocation, I3orrower ehall pay to Lendar all Funds, end in such flmoimCs, thaf nre then required
<br /> under Lhis Secliou 3.
<br /> Lendex may, at aity time, collec;t and hold Nunds in an amouni(a) snfficient to permit Lender to epply the
<br /> Funds ttt the 6me specified undex RESPA, nnd(b)not fo exoeed the m�imum amount a lender can require
<br /> Luidet RESPA. Lender sha11 estimate the aanount of Funds due on the basis of ctvrent dafa and rea�onaUle
<br /> eetimates of expendihtres of Liiture Esarow Ikems ur oCherwiec i�t ancorc9ai�oo with Applicable Law.
<br /> The Funds shall be 12elcl in�n insCitution whosc deposiYs are ivaured by a federad ag�ency, instrtunentaTity, or
<br /> entity(inchiding Lendex, if Lender is azi insfihttion whosa deposits are so insured) ar in auy Pederal Home
<br /> Loan Bank. Lender shall applp the Funde to pay the Fscrow Items no later than thc timc spccifled under
<br /> RESI'A. Lendar sh�ll uot c1�c�ige Borrower for holding and applying the Funds, nnnually aualyzing the
<br /> escrow aocoimC, or verifying Lhe L+scro�v Itcme, �ui7cse Loitdcr paye Rorrower inT�eresti on Yhe Ftuids aaid
<br /> Applicable I,aw pe��mits Lender to make such a ch�u�ge. Unless ui agree�i�ent is madc in writing or
<br /> App1icable I.aw requires inte��est to be paid on Ihe Ftuads, Lendei sha11 not be required to pny Borrower any
<br /> inCeiest or earninga on fhe Funds. Borrower and Lc��dcr can abree in writing, however, that interast shall be
<br /> paid on the P'unda. Lender shell give to Borrower, wi[hoiiC oh�rge, an�nmuil aecounting of the Fnnds as
<br /> required Uy RESPA.
<br /> If'ther�is a surplus of Funds held in escrow, as defined under RLSPA, Lender el�all acconne to Rorrower for
<br /> the excess fiands in accordauce wiUi R�SPt�. IF thara is�shortage of Punds held in escrow, as defned under
<br /> ]tESVA, Lende��shall notify}3orrower es required by RESPA, aaid Borrower shall pay to Lendex the sar�ount
<br /> sieoessery fo make up Lhe shoa�fage in accordance with ItLSPA, but in no more thau 12 uionthly payinenYs. If
<br /> there is a deficiency of Funds held in escrow, as defi�ied under RESPA, Lender shall notify�orrower as
<br /> za000�oo
<br /> NEBHASKA�SIngleFamlly-FSnnlaMae/FredtlleidacUNIFORI.7 WS7'HUMEN'f Form30281101
<br /> VNIPn VA4P6NE (1105)
<br /> Wolters ICluwer FlnanoiPlBervices pege5 of 17
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