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<br />Any application of payments, insurance proceeds, or Mis',cellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the �mount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender pn the day Periodic Payments are due under the
<br />Note, until the Note is paid in full, a sum (the "Funds") tlo provide for payment of amounts due for: (a) taxes
<br />and assessments and other items which can attain priorityi over this Security Instniment as a lien or
<br />encumbrance on the Property; (b) leasehold payments or �round rents on the Property, if any; (c) premiums
<br />for any and a11 insurance required by Lender under Sectidn 5; and (d) Mortgage Insurance premiums, if any,
<br />or any sums payable by Bonower to Lender in lieu of the payment of Mortgage Insurance premiums in
<br />accordance with the provisions of Section 10. These item� aze called "Escrow Items." At origination or at
<br />any time during the term of the Loan, Lender may reqiurj� that Community Association Dues, Fees, and
<br />Assessments, if any, be escrowed by Bonower, and suchl dues, fees and assessments shall be an Escrow
<br />Item. Borrower shall promptly fumish to Lender all notiCes of amounts to be paid under this Section.
<br />Bonower shall pay Lender the Funds for Escrow Items uhless Lender waives Bonower's obligarion to pay
<br />the Funds for any or all Escrow Items. Lender may waiv� Bonower's obligation to pay to Lender Funds for
<br />any or all Escrow Items at any time. Any such waiver m�y only be in writing. In the event of such waiver,
<br />Borrower shall pay directly, when and where payable, th� amounts due for any Escrow Items for which
<br />payment of Funds has been waived by Lender and, if Le�der requires, shall fumish to Lender receipts
<br />evidencing such payment within such time period as Len er may require. Borrower's obligation to make
<br />such payments and to provide receipts shall for all purpo es be deemed to be a covenant and agreement
<br />contained in this 5ecurity Instrument, as the phrase "cov$nant and agreement" is used in Secrion 9. If
<br />Bonower is obligated to pay Escrow Items directly, pursl�ant to a waiver, and Borrower fails to pay the
<br />amount due for an Fscrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br />Bonower shall then be obligated under Section 9 to repa� to Lender any such amount. Lender may revoke
<br />the waiver as to any or all Escrow Items at any time by a notice given in accordance with Secrion 15 and,
<br />upon such revocation, Bonower shall pay to Lender all l�unds, and in such amounts, that are then required
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the
<br />Funds at the time specified under RESPA, and (b) not to �, exceed 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 othe�wise in accordance with Applicable Law.
<br />The Funds shall be held in an insritution whose deposits Are insured by a federal agency, instrumentality, or
<br />entity (including Lender, if Lender is an institution whose deposits aze so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay the Escr�ow Items no later than the time specified under
<br />RESPA. Lender shall not charge Borrower for holding amd applying the Funds, annually analyzing the
<br />escrow account, or verifying the Fscrow Items, unless L,�nder pays Bonower interest on the Funds and
<br />Applicable Law permits Lender to make such a chazge. i�nless an agreement is made in writing or
<br />Applicable Law requires interest 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 �an agree in writing, however, that interest shall be
<br />paid on the Funds. Lender shall give to Bonower, witho t 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 t�nder RESPA, Lender shall account to Borrower for
<br />the excess funds in accordance with RESPA. If there is aj shortage of Funds held in escrow, as defined under
<br />RESPA, Lender shall notify Bonower as required by� PA, and Bonower shall pay to Lender the amount
<br />necessary to make up the shortage in accordance with RSSPA, but in no more than 12 monthly payments. If
<br />there is a deficiency of Funds held in escrow, as defined i �under RESPA, Lender shall notify Borrower as
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mec UNIFORM INSTRUMENT
<br />VMP �
<br />Wolters Kluwer Financial Services
<br />Fom, so2e �ro�
<br />VMPB(NE) (1106)
<br />Page 5 of 17
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