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201205280
<br />Any applicadon of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not estend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Iteros. Borrowcr shall pay to Lcndcr on thc da,y Pcriodic Paymcnts arc duc undcr thc
<br />Note, undl the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) t�u:es
<br />and assessmenls and ollier ilems which can attain priority over this Security liutrument as a lien or
<br />encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if am�; (c) premiums
<br />for any and all insurance required by Lender under Section 5; �nd (d) Mortgage Insurance premiums, if any,
<br />or any sums payable by Borrower to Lender in lieu of the pa,yment of Mortgage Insurance premiums in
<br />accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at
<br />any Gme during the term of the Loan, Lender may require that Community Association Dues, Fees, and
<br />Assessments, if any, be escrowed by Borrower, and snch dues, fees and assessments shall be an Escrow
<br />Itcm. Borrowcr shall promptly furnish to Lcndcr all noticcs of amounts to bc paid undcr this Scction.
<br />Borrower shall pay Lender the Funds for Escrow� Items unless Lender waives Borrower's obligation to pay
<br />the Funds ror any or all Escro�v llems. Lender mav waive Borrower's obligation lo pay to Lender Funds for
<br />any or all Escrow Items at any time. Any such �vaiver may only be in wriling. In the evenl of such waiver,
<br />Borrower shall pav directly, when and where payable, the amounts due for any Escrow items for which
<br />payment of Funds has been waived by Lender and, if Lender requires, sl�all furnish to Lender receipts
<br />evidencing such payment within such time period as Lender may reyuire. Borro�ver's obligation to make
<br />such payments and to provide receipts shall for all purposes be deemed to be a co��enant and agreement
<br />contained in this Security Instrument, as the phrase "covenant and agreement" is used in Secdon 9. If
<br />Borrowcr is obligatcd to pay Escrow Itcros dirccdy, pursuant to a waivcr, and Borrowcr fails to pay thc
<br />amount due for an Escrow Item, Lender may e�ercise its rights under Section 9 and pay such amount and
<br />Borrower shall Uien be obligated under Section 9 to repay to Lender any such amount. Lender crwy revoke
<br />the waiver as to any or all Escro�v Items at any time by a notice given in accordance wilh Seclion 1S and,
<br />upon such revocation, Borrower shall pay to Lender all Funds, 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 e�ceed the ma.�imum amount a lender can require
<br />undcr RESPA. Lcndcr shall cstimatc thc amount of Funds duc on thc basis of currcnt data and reasonablc
<br />esdmates of e�penditures 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, instnunentality, or
<br />entity (including Lender, if Lender is an inslilution whose deposils are so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under
<br />RESPA. Lender shall not charge Borrower for holding and appl}�ing the Funds, annually analyzing the
<br />escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and
<br />Applicable Law pernuts Lender to make such a charge. Unless 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 />intcrest or camings on thc Funds. Bonowcr and Lcndcr can agrcc in writing, howcvcr, that intcrest shall bc
<br />paid on the Funds. Lender shall give to Borrower, without charge, 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 RESPA, Lender shall account to Borrower for
<br />the e�cess funds in accordance witli RESPA. If diere is a shorlage of Funds held in escrow, as defined under
<br />RESPA, Lender sl�all notify Borrower as required by RESPA, and Bonower shall pay to Lender the amount
<br />necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If
<br />there is a deficiencv of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMEM Form 3028 1f01
<br />VMP � VMPB(N� (110�.00
<br />Wolters Kluwer Financial Services Page 5 of 17
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