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201206256
<br /> Any applicaYion of payments, insurance proceeds, or Miscellaneous Proceeds to principal due uuder the Note
<br /> shall not extet�d m�poskpone U�e dtiie d�te, or cl�ange the amount, of the Periodio Payments.
<br /> 3. l�unds fm•l+',scro�v Items. Bbrrower e11a11 pay to Lender on the day Periodic Payments ate due wider tlie
<br /> Note, imfil t1�e Notie is paid in full, 1 stun(tlie"Funds") to provide Por payn�enC of amow�ts due for: (a)taxas
<br /> and aesessinents and other items which cnn attain prioriCy over Yhie SecuriLy Insh•ument as a lien ox
<br /> encumbi<uice on the Property; (b} leasahold payments or grotmd renCs on the Property, if a�iy; (c)premiums
<br /> for tury and all insurance required by Lender tulder Section 5; aud(d)Mortgage Hism�vice preiniums, iP any,
<br /> or any suu�s pttyablo by Rorrower to T,e�ider in lica of fl�e}�aymont of Mortgage lns�arance preiniltms nt
<br /> accordancc with thc provisions of Secfion 10. These itam.g are called"L�scrow Itc�ns." At origination or at
<br /> any Lime during the term of the Lonn, Lender may requ'rre that Community Associntion Dues, P'eea, and
<br /> Assess�nonts, if any, be c�crowcd by Rorrower, and sueh dues, Cecs and asscssments s1�a11 be an 13scrow
<br /> Item. Boirower stinll proinplly fiirniah to Letider nll norices of fmiouutia to be pnid under lhis Section.
<br /> Borrower shntl p�y Lender the Punds f'or Escrow Items unless Lender waives Borrower's obligation to pay
<br /> tlie Funds fm any or al] �scrow Items. l.evcier inay wa"rve Borrower's obligation to pay to I.ender Fnnds for
<br /> auty or all I3sc��ow Itcros aC an�tiine. Airy sueh'waiver i�nay only be iri writirig. In the evenC oP suoh waiver,
<br /> BoTxower shall pay clirectly, when aud where paynUle, the amounts due for Any�serow Iteme £or which
<br /> payment of l�unds has been wAived by Lender and, iF Lender r�quires, sliall firrnish to Lender reeeipts
<br /> evidencitig such pa}nnent within such thne period as Lencier inay renuire. Borrower's oUligztion to inake
<br /> such payments and to provide receipEs sha11 for a11 purposes be dee�necl to be a covenant a�id ag eeinent
<br /> contained in tl�is Secu�ity fnstr•ument, ae fl�o pl�rase"covcnanL and agrccmeiiC" i� used iii Scclion 9, If
<br /> Borrowcr is ol�ligateci Co pay L+.gerow Items ciirectly, pursuent to n waiver, and Borrowet fxile to pa�fhe
<br /> Aniount due for An Escrow Item, Lender may exeroisa its rights under Section 9 and pay suoh amoLmt aa�d
<br /> Rorrower shall then be obligated under Section 9 to rcpxy to Lendor any such twit>�mt. Lender may rcvoke
<br /> t�he waiver as Co uiy or all L'�scrow Ilems ak an,y tune by a notice given in eccordazice with Section 15 and,
<br /> upon such revooakion, Borrower shall pay fo Lender all Funds, and in sLich atnowits, that are theu required
<br /> under tl�ie Sectiorl3.
<br /> Lender Luay, at any time, collect and hold FLmds in an atnoLmt(a)vufficiei�t to pc;rmit l,endcr to apply the
<br /> Faids at the time specified mide��RF;SPA, and(b)nt�t to execcd The maximtui�anio�mC a lencier oan require
<br /> Lu�dcr k13S1'A. Londor ehall cstimate lhe ainount of Funde clue ou the Uasis of cnrrent datn�nd reaeonflble
<br /> astitnaties of axt�enditiures o�f iuture Escrow Items or otherwise in accordance with Applicablc Law.
<br /> The Punds shell be held in aii instituY�ion whose depa,sits zre 'v7sured by a fede�'e�l agency, insfrumcntality, or
<br /> entity(including l.ender, if I,endc�'is an inetituLion whose depoeils nre so insnred)or in nny Federal IIome
<br /> L oan Bai�lc L�;ncier shall apply[he Tm�ide to pay the Eee��ow Itams no later Yhan Uie time speoitied uuder
<br /> RESPA, Lendet shall noY chaz'ge Borrower for holding a�id a}�plying t]�e liunde, annually ai�alyzing tlio
<br /> eecrow account, or verifying U�e l�.scrow Itcros, timlese Lender pa}�Boxrower inCere,4C nn the Pnnde and
<br /> Applicnbl�T aw permif�Lender ixr mal<s suoh a ehnrge. Unlese en ngreetnent is made in writing or
<br /> Applicable Law requirea intexesl to be peid on tlie Funds, Lender eha11 not ba requii�eci to pay Borrower any
<br /> inuerest or enrnings on Yhe runde. Borrower and Lender caii agree in writing, liowever, that it�terest sl�all bc;
<br /> peid on the Funds. Lender sha11 giva to Borrower, without charge, an annual accounting of the I'undR aR
<br /> required by RI�SPA.
<br /> If'tliere is a smplus of Feutds he1d in esc��ow, as dcfincd undec RLSPA, Lender shall aoconnt ko Bon�o�ver for
<br /> tho cxccss funds in aocordnnce with I2�SPA. If there is n short��ge of Funds held in escrow,as defined wider
<br /> RESPA, Lender shall notify Borrower as required Up RF,SPA, and Rorrowcr sl�all pay to Lcndcr tho amounC
<br /> necessary to ma7ce up t1�e shortagc in aocordance witli R�+SPA, but in no more thnn 12 monthly paymentis. If
<br /> tUcro is a deficicncy of P�wds held in escrow, as defined under I2�SPA, Lander sha11 notiify Borrower as
<br /> 2A001652
<br /> NEBRASKN-Sin91e Family-Fannie A7ae7Freddie te7ac 11Nlf-ORhi INSTRIIMENT Form 3020 1/07
<br /> VM P OD VM PA(N6)(1106)
<br /> Wolters I<luwer Financlal5e�vices Pape�nf 17
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