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201201745
<br /> Any application of payments, insurance proceeds, or Misccllaneous Pxoceeds to pnncipal due under rhe Note
<br /> shall not eztend or postpone the duc date, or change the unouirt, of the Periodic Payments.
<br /> 3. Funds for Escro�Items. Boxrower 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"Punds')to provide for payment of amounts due for: (a)taxes
<br /> and assessments and other items whiclt can attain priority ovex this Sec�ity Instrument as a lien or
<br /> encumbranee on the Pcoperty; (b)leasel�old payments or ground rents on the Properry, if any, (c)pieiniums
<br /> for any and all insurance required by Lender Lmder Section 5; and(d)Martgage Insurancc prexniums, if any,
<br /> or auy-sums payable by Borrower to Lender in lieu of the pa5went of Mortga.ge Insurance preiniums in
<br /> accord�ce with fhe provisions of Secfion 10. These items aEe ealled"ESCrow Items.° At originarion or at
<br /> any time dusing the t�emi af t'he Loan, L,ender may require that CommLUrity Aseociation Ducs, Fees, aud
<br /> 9ssessments, if any, be escrowed Uy Borro�x�er, and such dues, fees and assessments shall be an�scrow
<br /> Item. Borrower shal]prompfly furnish to Lender all norices of amomiYs to b0 paid under tUis Section.
<br /> Borrower shall pay Lender the Funds for Escro�v Items unless Lender waives Borro�vei s obligati�n to pay
<br /> the Funds for any or all Fscrow Ite�vs. Lender may waive]3orrower's oblig�tion to pay to Leader Funds for
<br /> any or all�scrow Items at any time. Any such a�aiver may only be in writing. In the event of such waiver,
<br /> Borrower shall paq tlirectly, when and where payable, tlie amounts due for aaiy Escrow Iten�s for which
<br /> paymeni of Funds has been waived Uy Lender and, if Lendcr requires, shall fiunish to Lender receipts
<br /> evidencing such payment tvithin such rime period as Lender may require. Borrower's obligation to make
<br /> such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement
<br /> containcd in this Security Instnunent, as the phrase"coven�wt and a�-eement" is used in Section 9. If
<br /> Borrower is obligated to pay Escrow Items dircctly, pursuant to a waiver, and Borrower fails to pay The
<br /> amount due for an Escrow Itcm, Lender xnay exercise its riglrts under Section 9 and pay such amount and
<br /> Borrower shail theu be obligafed under Section 9 to repay to I,ender any suck amount. I.ender inay xevoke
<br /> the waiver as to any or all Escron✓Items at any time by a notice given in accordance with Section 15 and,
<br /> upon sueh revocation, Borrower shall..pay to Lender all Funds, and in such amounts, that are then required
<br /> under trus Section 3.
<br /> Lender inay, at any tinze, wllect and hold Fvnds ip aa amount(a) sufficient to pen�vt Lender to apply the
<br /> Funds at the ti�ne specifled under RESP9, and(b)not to exceed the maximum ainouat a lender can require
<br /> under ILESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable
<br /> esrimates of�penditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are tnsured by a federal agency, instrumentality, or
<br /> entity(inclucling Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home
<br /> Loan Bank Lendcr shall apply the Funds Lo pay the Escrow Itenas no later than the time specified under
<br /> RESPA. Lender shall not charec Sorrower for holding and applyin�the Fwids, asmually xnxlyzing the
<br /> escrow account, ox v�ifying the Escxow Iterns, uuless Lender pays Borrower interesT an the Funds and
<br /> Applicable Law permits Lender to make such a charge. Unless an agreeincnt is made in writing or
<br /> Applicable Law requires interest to be paid an the Punds, Lender shall not be iequired to pay Bqrrower any
<br /> interest or earnings on the Funds. Borrower and Lender can aaree ia writing however, that interest shall be
<br /> yaid on tUe Funds. Lender shall give to Borrower, without charge; an annual accounting of the 1�unds as
<br /> required by RESPA
<br /> If there is a suxplus of Funds held in escrow, as defined under RESFA, Lender ehall account to I3orrower for
<br /> the�cess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br /> RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay co Lender the atnount
<br /> necessary to make up the shortage in accordance with RESPA, but in no more tt�an 1.2 mouthly payments. If
<br /> there is a deficiency of Fnnds held in escrow, as defincd under RESFA, Lender shalI norify Borrower as
<br /> za000asa
<br /> N�RASKA-Single Famity-Fanniehl�e�Freticie M11ac uNFOR;d MSTRUMENT Form 3028 1fo1
<br /> Vf.1 P r`g VM P6(NEj(i 105)
<br /> W oRers Kluw er Financial Se:vices Page 5 of i]
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