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201206068
<br />Ally application of payments, insurance proceeds, or Miscellaneous 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 oil the day Periodic Payments are due under the
<br />Note, until the Note is paid ill full, a sum (the "Funds") to provide for payment, of aniourits due for: (a) taxes
<br />and assessments and other itenis which can attain priority over [his Security Instrument as a lion 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 tinder Section 5; and (d) Mortgage lositianco premiums, if any,
<br />or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums ill
<br />accordance with (lie provisions of Section 10. These items are aled "Escrow Items." At origination or at
<br />any time during the terin of the Loan, Lender may require that Community Association Dues, Fees, and
<br />Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow
<br />Item. Borrower shall promptly furnish to Lender all notices of amoums to be paid tinder this Section.
<br />Borrower shall pay Louder the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br />the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Leader Funds for
<br />any or all Escrow Items at any time. Any such waiver ruay only be in writing. In the event Of SUCII waiver,
<br />Borrower shall pay directly, when and where payable, the amounts due for any lTsorow Items for which
<br />payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts
<br />evidencing such payment within such time period as Lender may require. Borrower's obligation to irialke
<br />such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement
<br />contained in this Security Instrument, as the phrase "oovenantand agreement" is used in Section 9, If
<br />Borrower is obligated to pay Escrow I terus directly, pursuard to a waiver, and Borrower fails to pay the
<br />airlount due for all Escrow Item, Lender may exercise its rights under Section 9 and pay suuh amount and
<br />Borrower shall then be obligated under Section 9 to repay to lender any such amount. Lender may revoke
<br />the waiver as to any or all Escrow Items at any Ginc by a notice given in accordance with Section 15 and,
<br />upon such revocation, Borrower shall pay to Lender all Funds, and in such arrourts, that are, then required
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Funds in all amount (a) sufficient to permit Lender to apply the
<br />Funds at (he tiunc specified under RESPA, and (b) no( to exceed the maximum amount a 1crider can require
<br />under RESPA. Lender shall estimate the amount of Funds due oil 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 all institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity (including Lender, if Lender is an institution whose deposits arc 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 specific(] under
<br />RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the
<br />escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest oil [he Funds and
<br />Applicable Law permits Lender to make such a ebarge, Unless ,in agreement is riladc in writing or
<br />Applicable Law requires interest to be paid oil the Fluids, Lender shall not be required to pay Borrower any
<br />interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be
<br />paid oil 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 excess funds in accordance with RESPA, If there is a shortage of Funds hold in escrow, as defined under
<br />RESPA, Lender shall notify Borrower as required by RESPA, and Borrower 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 deficiency of Funds held in escrow, as defired under RESPA, Lender shall notify Borrower as
<br />24001503
<br />NEBRASKA-Sh,gl. F�,Wly `�,M� Maell`wdl� Wo UNIFORM INSTRUMENT Form 3028 1 iOl
<br />VMP 0 VMP6(N0 1110b)
<br />W�It�r, Wv�r F6�tr.W P,. F ,f 17
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