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<br />Any application of payments, insurance proceeds, or Miscellan�us Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower 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 "Funds") to provide for payment of amounts due for: (a) taxes
<br />and assessments and other items which can attain priority over this Security 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 insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any,
<br />or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in
<br />accordance with the provisions of Section 10. These items aze called "Fscrow Items." At origination or at
<br />any time during the term of the Loan, Lender may require that Community Association Dues, Fces, and
<br />Assessments, if any, be escrowed by Bonower, and such dues, f�s and assessments shall be an Escrow
<br />Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section.
<br />Borrower shall pay Lender the Funds for Eserow Items unless Lender waives Borrower's obligarion to pay
<br />the Funds for any or all Escrow Items. Lender may waive Bonower's obligation to pay to Lender Funds for
<br />any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br />Borrower shall pay directly, when and where payable, the amourns due for any Escrow Items for wluch
<br />payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender r�;eipts
<br />evidencing such payment within such time period as Lender may require. Bonower's obligation to make
<br />such payments and to provide receipts shall for all purposes be deemed to be a covenant and agr�ment
<br />contained in this Se,curity Instrument, as the phrase "covenant and agreement" is used in Secrion 9. If
<br />Borrower is obligated to pay Escrow Items d'ue,ctly, pursuant to a waiver, and Bonower fails to pay the
<br />amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br />Bonower shall then be obligatefl under S�tion 9 to repay to Lender any such amount. Lender may revoke
<br />the waiver as to any or all Fscrow Items at any time by a notice given in accordance with S�tion 15 and,
<br />upon such revocation, Bonower shall pay to L.ender all Funds, and in such amounts, that aze then required
<br />under this Section 3.
<br />Lender may, at any time, coll�t and hold Funds in an amount (a) sufficient to permit Lender to apply the
<br />Funds at the time specified under RF.SPA, and (b) not to excee3 the maximum amount a lender can require
<br />under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable
<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 insured by a federal agency, insm�mentality, or
<br />enrity (including Lender, if Lender is an institurion whose deposits aze so insured) or in any Fefleral Home
<br />Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the rime specified under
<br />RESPA. Lender shall not charge Bonower for holding and applying the Funds, annually analyzing the
<br />escrow account, or verifying the Fscrow Items, unless Lender pays Borrower interest on the Funds and
<br />Applicable Law permits Lender to make such a chazge. Unless an agr�me� is made in writing or
<br />Applicable La�v re�uires irnerest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br />interest or earnings on the Funds. Bonower and Lender can agree in writing, however, that inter�t shall be
<br />paid on the Funds. Lender shall give to Bonower, without chazge, an annual accounting of the Funds as
<br />required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RFSPA, Lender shall account to Borro�+er for
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br />RFSPA, Lender shall notify Bonower as required by RESPA, and Bonower shall pay to Lender the amount
<br />nec:essary to make up the shortage in accordance with RESPA, but 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 Bonower as
<br />NEBRASKA-Sirtgla Famtly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br />VMP � VMP8INE) (1105)
<br />Wolters Kluwer Financial Services Page 5 of 17
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