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201201978
<br /> Any application of payments, 'rosurance prooeeds, or Miscellaneoue Proceeds ta princi�al due under tlie Note
<br /> sl�all noC extend or postpone die due dnYe, or c1�inge tl�e atnotmt, of the Periodle Payments.
<br /> 3, l�nde for�+scrow Items. Borinwer shall pay Co Lender on elie day Periodic PaymenCS are due imder tl�e
<br /> Note, uneil the NoCe is �aid in fltll, a sum(tlie °FUnds") to provide For payment of amounts due for: (a) taxes
<br /> uid assessments and other items wliich cui a[tain priority over Chis Security Instrument as a lien or
<br /> encumbra�lce on the Property; (b) leasehold payments or ground rents on the Property, if any; (c)premiums
<br /> tbc any and all insurance required by Le�ider under Scction 5; and (d} Morfgagc lnsurance premiums, if any,
<br /> or any sums payablc by Borrowec to Lcnder in lieu of Che paytnent of Mortgage Insurance premiums ii�
<br /> accordance wil'h Ihe provisions ofSeotion ]0. These iCems are calfed "Sscrow Items." At originaCion oc at
<br /> any time clw ing the term of the Loan, Lender may require that Conmmnity Associntion Dues, Fees, anci
<br /> Assessmente, if amy, be escrowed by Borrowex, and sucl� dues, fees and assessmants shall be an Escrow
<br /> Ilem. 13orrower shall prompCly furnish to Lender all notices of amounts Co be paid uuder this Section.
<br /> Borrower shall pay Lender t[ie Ptxnds for L+scrow Items unless Lender waives IIorrower's oUligatir�n to pay
<br /> tlie Punds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender N'unds for
<br /> .ury ox all Escrow Items at aiiy time. Any suoh waiver may only be in wriCing. In Che evenc of such waiver,
<br /> Borrower sliall pay directly, when and whcrc payable, Cha amounts due for any Escrow Ttems for whicli
<br /> paymenl oP runds has been waived by I.ender and, if Lender requires, shall furnisli to Lender receipts
<br /> evidencing such papment within sueh time period as Lender may require, Borrower's obligation ro mako
<br /> suel� payments and to provide receipts sliall for all purposes be deeinecl to be a covenant xnd agrcement
<br /> contained in.this Secnrity Iiist�unient, as tlie phrxse "eovcnant and a�recmenC" is used in Seotion 9. IP
<br /> Borrawer is obligated W pay Escrow llems direcUy, pursuant to a waiver, and Borrower t'ails to pay tl�e
<br /> amount due for an Escr�ow Item, Lender may exercise iYs riglits under Sention 9 and pny such amount and
<br /> Borrower shall then be obligated under Seetion 9 to repay to Lender any such amouiit. Lender may revoke
<br /> d1e waivex as to any or all Escrow Items at any flme by a noCice given in accordance with Section 15 v�d:
<br /> upoii such revocation, Borcowcr shall pay Co l,ender all Fuods, and in euch a�nounts, that�re thei� required
<br /> undcr Chis Scction 3.
<br /> Lencter m�ry, .rt auy tirne, collect and holtl Funds in an amouill (a) suPficient to parmit T ender to apply tl�e
<br /> Funds at d�e tinze specificd undci RESPA, and (b) not to exceed the'maximum amonnt a Ieuder cau require
<br /> under RL�SPA. L,ender shall asCimate the amount of Funds due on Clie vasie of currenT data and reasoiaable
<br /> estimaYes of expenditures of future Escrow Iteniy or otherwise in accardance wiUi Applicable I.aw.
<br /> The Punde�shall be held in an institution wliose deposits are insured by a fecleral agency, ins[�umenCality, or
<br /> entity (including Lender, if Lender is an institution whose deposits are so irisured} or in any Federal Home
<br /> Lomi Bank. Lender shall apply thc Funds to pay fhe Escrow Ttems no later than Che time specified under
<br /> 12};SPA. i.ender s6all not chaige Borrower for hplding and npplying tl�e Punds, ammally aualyzing tho
<br /> escrc�w acc�uqC, or verifying the�scrow Iteins, unless Leiider pays Borrower interost on thc Funds and
<br /> Applicable Law penni[s Leuder to m.dce such a charge. Unless an agrecment is nklde in wriCing or
<br /> A�plica67e Law requixes interest to be paid on the Funds, Londer shall not be requirezi to pay Borrower any
<br /> inCerest or eari�in�s on the Flmds. Borrower and Lender can agree in wriCing, however, Chat interest shal] be
<br /> paid on Che Funds. Lander shall give to Borrower, withouY ehlrge, an aiunial accounting of the Fuiids as
<br /> required hy RbSPA,
<br /> If lhere is a surplus of Funds held in esa�ow, as defined under RPSPA, Lender shall account to Bon�ower for
<br /> Clie exce.as fuuds iv accordance with RESPe1. If tl�ere is a s1�orWge oY Funde held in escrow, as dcfined under
<br /> RESPA, Lender shall notify Borrower as required by REBPA, and Borrotver shall pay to I ender dte amounY
<br /> ncccssary Co ��ake up Che shortage in accordance with RFSPA, buC in no more than 12 tnonthly payments. It'
<br /> Cliere is a deficiency of Puvds lield in escrow, as defined under RSSPA, Lender ehall notify Borrower as
<br /> 240006�]
<br /> NEBHASKA-Slnqle Fnmlly-Fennie MaalRedAie Mac UNIFOPM INSTRUMENT Form 30�A 1101
<br /> VMP(r`y VMP6(NE}�1106�
<br /> Wolmro Nluwor Flnanaial Sorviocu Pa90 5 of 1]
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