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20120254�
<br />under the Note; (c) amounts due under Section 3. Such payment$ shall be applied to each Periodic Payment in the order
<br />in which it became due. Any rema;n;ng amounts shall be applied first to late charges, second to any other amounts due
<br />under this Security Instrument, and then to reduce the principall balance of the Note.
<br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br />to pay any late charge due, the payment may be applied to the d�linquent payment and the late charge. If more than one
<br />Periodic Payment is outstanding, Lender may apply any payrnent received from Borrower to the repayment of the
<br />Periodic Payments if, and to the extent that, each payment can e paid in full. To the extent tha.t any excess exists after
<br />the payment is applied to the full payment of one or more Peri dic Payments, such excess may be applied to any late
<br />charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, or Misce laneous Proceeds to principal due under the Note shall
<br />not extend or postpone the due date, or change the amount, of e Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note,
<br />until the Note is paid in full, a sum (the "Funds") to provide for ayment of amounts due for: (a) taxes and assessments
<br />and other items which can attain priority over this Security I strument as a lien or encumbrance on the Property;
<br />(b) leasehold payments or ground rents on the Property, if any; (c premiums for any and all insurance required by Lender
<br />under Section 5; and (d) Mortgage Insurance premiums, if any, o any sums payable by Borrower to Lender in lieu of the
<br />payment of Mortgage Insurance premiums in accordance wi the provisions of Section 10. These items are called
<br />"Escrow Items." At origination or at any time during the te of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed b Borrower, and such dues, fees and assessments sha11 be
<br />an Escrow Item. Bonower sha11 promptly furnish to Lender 1 notices of amounts to be paid under this Secdon.
<br />Borrower shall pay Lender the Funds for Escrow Items unless L der waives Borrower's obligation to pay the Funds for
<br />any or all Escrow Items. Lender may waive Borrower's obligati n to pay to Lender Funds for any or all Escrow Items at
<br />any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay direotly, when and
<br />where payable, the amounts due for any Escrow Items for whic payment of Funds has been waived by Lender and, if
<br />Lender requires, shall fiunish to Lender receipts evidencing ch payment within such time period as Lender may
<br />require. Borrower's obligation to make such payments and to p ovide receipts sha11 for all purposes be deemed to be a
<br />covenant and agreement contained in this Security Instrument, asi the phrase "covenant and agreement" is used in Section
<br />9. If Borrower is obligated to pay Escrow Items directly, putsuazlt to a waiver, and Borrower fails to pay the amount due
<br />for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be
<br />obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow
<br />Items at any time by a notice given in accordance with Sectio�{ 15 and, upon such revocation, Borrower sha11 pay to
<br />Lender a11 Funds, and in such amounts, that are then required der this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amo t(a) sufficient to permit Lender to apply the Funds at
<br />the time specified under RESPA, and (b) not to exceed the max' um amount a lender can require under RESPA. Lender
<br />shall estimate the amount of Funds due on the basis of current ta and reasonable estimates of expenditures of future
<br />Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits az insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lender is an institution whose deposits are o insured) or in any Fedetal Home Loan Bank. Lender
<br />shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender sha11 not charge
<br />Borrower for holding and applying the Funds, annually analy '� the escrow account, or verifying the Escrow Items,
<br />unless Lender pays Borrower interest on the Funds and Applicay e Law pertnits Lender to ma.ke such a charge. Unless an
<br />agreement is made in writing or Applicable Law requires intere tn be paid on the Funds, Lender shall not be required to
<br />pay Borrower any interest or earnings on the Funds. Borrower d Lender can agree in writin$, however, that interest
<br />sha11 be paid on the Funds. Lender sha11 give to Bonower, witho t charge, an annual accounting ofthe Funds as required
<br />by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined der RESPA, Lender shall account to Borrower for the
<br />excess funds in accordance with RESPA. If there is a shortage o Funds held in escrow, as defined under RESPA, Lender
<br />shall notify Borrower as required by RESPA, and Bonower sh 1 pay to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no more than 12 mo thly payments. If there is a deficiency of Funds held in
<br />NEBRA3KA -Single Family-Fannle Mae/Freddie Mac UNIFORM INS�UMENT with MERSForm 3028 1/01 G /
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<br />ios, ino. � Borrower(s) Initlal V i'�
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