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201206276
<br /> Any applioation oY paynienCs, insuran¢e proaeeds, or Miscellaneous Proceeds to principll dtte under the NoCe
<br /> shall noC exCend or post�one the dtiie dace, or change thc an�iounC, of the Periodic Payments.
<br /> 3, Fimds fbr Escrow Itemq. Borrower shall �ay to Lender on the day Periodic Payments ar�due under lhe
<br /> Nole, until the Note is paid in full, a suin (the "Funds") to provide for p2yment of amounts due for; (a) Caxes
<br /> and aesessnaeuts and other items which can aCtain priority over this Security InstrumenC as a lien or
<br /> ei�eumbrance on the Properry; (b) lcasehold paymeuts oc grouud rents on thc Property, if any; (c) premlums
<br /> Por any and �ill i�isurance rcquired by Lei�der under Sectioii 5; and (d) Mortgage Insurinee premiums, iP any,
<br /> or aa�y swns payable by Rorrower to Lender in lieu oY tha paytnent of Mortgage Insurance premiums in
<br /> accordance w,ith the provisions of Section 1Q These ilcros are ealled "L�scrow Items.° At origination or at
<br /> any lime during rhe Cerm of tlia Loen, Leiider rnay reqti�ire YIiaC Coinnmi�ity [lssociation Dues, Fees, and
<br /> Assessments, if aiiy, be cscrowed by Bnrrower, t�ud such ducs, fees and assessmenCs shall Ue ai�Escrow
<br /> Item. Borrowcr shall promptly furnish to Lender xl1 nolices of amounts to be paid under this Saclion.
<br /> C3ottower s6a11 pay Lender d�e Fuiids for Fscrow Tteme unless Lender wa3ves Borrower's obligaYion to pay
<br /> Clie Punds for any or all Escrow llems. I.ender may w2ive Borrowcr's obligalion eo pay fo Lender Funds for
<br /> any or ali E3crow Items al.auy time, Ai�y sucli waiver may only be itt writing. In fl�e event ofi'such waiver,
<br /> Bocrower shall pay directly, when and where�ayablq Che amounts due fox any Escrow Items Por which
<br /> payi��ent oP Funds 6as been waived by Lender and, i�f Lender requires, sl�all fueniyh to Lender receipCs
<br /> evidencing such payment witliin sucll time period as Lender may tequira. Borrower's obligation to malce
<br /> such paymenCs and to provide receipte sha11 Pm� all purposes ve�deemed to be a covenant and agreemenY
<br /> contained in tl�is Security InstrumenC, as 4he phrase "covenan[and agreemenC' is used in Section 9. IY
<br /> Borrower is oUlig.ited to pay �scrow Ttems directly, pursnai�t to a�vaiver, and Borrower fails to pay thc
<br /> amount due tbr xn Escrow Item,Lender may exercise its righ6s under SeoCion 9 and pay such amount and
<br /> Bori�ower shall lhen be pbligated undar Section 9 to repay to Lender any such amount. Lender may revoke
<br /> Ctze waiver as to auy oi all Escrow Items ai any Cime by a notice givei� in auoordance with SecCion 15 and,
<br /> upon such cevocation, Borrower shall pay to Leudec al]Funds, and iu such amounts, Chat are then requiccd
<br /> wider this Section 3.
<br /> Lender m�y, at aily time, collecC aqd hold Punds in an anzounC (a) suPficient to permit LendeT to apply the
<br /> Ftmds at the dme spcciPied tmder R�SPA, and (b) not to cxceed the maximum unount a lender can require
<br /> under RG�PA. ].ender sl�aLl esYimate fhe amounC oP Nunds due on elie 6asls of ctu�rent daSa and reasonable
<br /> esCimaCes of expenditures of fuCure F,scrow Ttems or otherwise i� accordance with Applicahle Law.
<br /> The F�inds sl�iall be held in an instlEution wlxose denosies are insured by a Pcdecal agenoy, inatrumeutality, or
<br /> eufify (including Lei�der, if L,cnder is 1n iostitution whose depoai6s are so iqsured) or in any Federal Hotne
<br /> Loan Ba�11c Leiider shall apply the Runds to pay tl�e Escrow llems aio later Clian the time specified ander
<br /> RLSPA. I.ender shall iioC ohaige Borrower for holding and applying Che Fimds, annually aualyzing tlie
<br /> escrow account, or verifying the Escrow Items, unless I.ender pays Bocrower in[erest on die Punds and
<br /> Applicable Law permits Lender 6o make suclt a charge. Unless an agreement is made in writliig or
<br /> Applicable Lhw requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> interest or earnings on ehe Pwids. Borrower and Lendcr can agree in writing, however, Chat inleresC shall be
<br /> paid on Ihe Punds. Lentler sliall give to Borrowec, wil.Y�out charge, an annu.fl accounting oP Che Funde as
<br /> raquired by RESPA.
<br /> If there is a sueplus of Funds held in escrow, 2s dcfincd under R�SPA, I,ender shall accounl I:o Rorrowar Por
<br /> the excess funds in accordnnce witl� RESPA. If�tiere is a shorYage of Funds held in escrow, as defined under
<br /> RESPA, Lencler sliall notify Borrowcr as required by RPsSPA, and Borrower shall pay Co Lender the amount
<br /> necessaiy to mal<e up thc s1TorCage in accprdance witl�RESPt1, but in no more Chan 12 montlily paymeuts. IP
<br /> there is a dcFiciency of Fuuds l�eld in ascrow, as dcfined under RL+SPA, Lender shall z7otity Borrower as
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<br /> NEBR�SKA-91nBle Famlly-Fnnnle MaelF�eddlo Mno UNIPORM INSTfiUMENT Form 3028 1101
<br /> VMP Q VMP6(NE)�1105)
<br /> Wolmrs I<luwm'Finanolal Gervloes Page 6 nf 1l
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