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201201755
<br /> Any applicazion of payme�ts, incnranrP prp�S, or Miscellaneous Proceeds to principal due under We Note
<br /> shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br /> 3. Ntinds for Fscrow Items. Borrower sLall pay to Lender on the day Periodic Payments are due under the
<br /> Note, until the Note is paid in full, a sum(the "Funds")to pmvide for payment of amoimts due For: (a)taYes
<br /> and assessments and other items which can attain priority ova 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+nc�,ransP required by Lznder under Section 5; and(d)Mortgage Insurance premiums, if any,
<br /> or any sums payable by Borrower to Iender in lieu of the payment of Mortgage Insutance premiums in
<br /> acoordance with the provisions of Section 10. These items are called "Esctow Items." At origination or at
<br /> any time during the term of the L.oan, Lender may require that c'.,n,,,,,,n;ty Association Dues, F�s, and
<br /> Assessments, iF any, be escrowed by Borrower, and such dues, Fces and assessments shall be an Fscrow
<br /> Item. Borrower shall pro�tly fiunish to Lender all norices of amo�mts to 6e paid under this Section.
<br /> Borrower shall pay Lender the Funds fot Facrow Items unless Lender waives Bortower's obligation to pay
<br /> the Funds for any or all Fscrow Items. Leader may waive Borrower's obligation w pay to Lznder Funds for
<br /> any or all F�crow Items at any time.Any such waiver may only be in writing. In the eveM of such waiver,
<br /> Borrower shall pay direcdy, when and where payable,the amounts due for any�scmw Items for wlrich
<br /> payment of Funds has been waived by Lender and, if Lender requires, shall furoish to I.ender receipts
<br /> evidencing such payment within such time period as Lender may require. Borrower's obligation to make
<br /> such payments and to provide r�eipts shall for all purposes be d�med to be a covenant and agreement
<br /> contsined in this Security lnstmment, as the phrase "covenant and agreement" is used in Section 9. If
<br /> Bortower is obligated to pay Escrow Items dir�tly,pursuant to a waiver, and Borrower fails to pay the
<br /> amrnint due for an Fscrow Item, Lender may exercise its rights�mder Sectian 9 and pay such amount and
<br /> Borrawer shall then be obligated imder�Ction 9 to repay m Lender any such mmount. L,ender may revoke
<br /> rhe waiver as to azry or all Facrow Items at any time by a nodce given in azxordance with Secxion 15 and,
<br /> upon such revocation, Borrower shall pay to Lender all Fimds, and in such amounts, that are then required
<br /> under this Section 3.
<br /> Lenda may, at any time, collect and hold Funds in an amount(a)sufficient to permit Lender to apply the
<br /> Funds at the dme spe,cified under RF.SPA, and(b)not w excexd the ma�imum amount a lender can require
<br /> under RFSPA. Lender shall estimate the amount of Funds due on the basis of current data and reasanahle
<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 ins�by a federal agency, instrumantaiity, or
<br /> entity(including Lender, if Lender is an insdtution whose deposits are so insured)or in any Federal FIome
<br /> Loan Bank. Lender shall apply the F�mds to pay the F�ctow Items no later than the time specified under
<br /> RESPA. Lender shall not charge Borrower for holding and applying We Funds, annually analyzing the
<br /> escrow account, or verifying the Escmw Items, uniesc Lender pays Borrower iaterest on the Funds and
<br /> Applicable Law permits Lender to make such a chazge. Unless an agreement is made in writing or
<br /> Applicable I.aw requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> interest or eamings on the Funds. Borrower and I.ender can agree in writing,however, that inter�t shall 6e
<br /> paid on the Funds. Lender shsll give to Borrower, without charge, an annuai accounting oF the Ftmds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br /> the excess funds in accordance with RESPA. If there is a shortage of F�mds held in escrow, as defined under
<br /> RESPA, I.ender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount
<br /> necessary to make up the shortage in ac;cordance with RESPA,bar in no more than 12 monthly payments, If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> NEBF�SKA-Sl�le Femily-Fannie Mae/Fr�tlla Mac UNIFOfiM INSIAUMENT Frnm 3028 1/07
<br /> V�P VMPBINEI(11051.00
<br /> Wokera Kluwar Finene�el Servicee Pege 5 of 1]
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