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201206538
<br /> Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> shall not ex[end or postpone the due da[e, or change the amount, oF the Periodic Payments.
<br /> 3. Ftiwds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br /> Note, until the Note is paid in fiill, a sum(the "Funds")to provide for payment oF amounts due for: (a)taxes
<br /> and assessments and other items which can attain priority over this Security Insm�ment as a lien 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 requ'ved by L.ender under Section 5; and (d) Mortgage Insurance premiums, if any,
<br /> or any sums payable by Borrower to I.ender in lieu of the payment of Mortgage Insurance premiums in
<br /> accordance with the provisions of Section 10. These items aze calied "Escrow Items." At origination or at
<br /> any time during the term of the Loan, Lender may require that Commuuity Association Dues, Fees, and
<br /> Assessments, iF any, be escrowed by Borrower, and such dues, fees and assessments shall be an Fscrow
<br /> Item. Borrower shall promptly fiunish ro Lender all notices of amounts to be paid under this S�tion.
<br /> Borrower shall pay Lender the Funds for Escrow Items unless I.ender waives Borrower's obligation to pay
<br /> the Funds for any or all Escrow Items. Lender may waive Borrower's o6ligarion to pay to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br /> Borrower shall pay dir�tly, when and where payable, the amounts due for any Fscrow Items for which
<br /> payment of Funds has b�n waived by Lender and, if Lender requires, shall furnish to Lender receipts
<br /> evidencing such paymern within such time period as Lender may require. Borrower's obligation to make
<br /> such payments and to provide receipts s6a11 for all purposes be deemed to be a covenant and agreement
<br /> contained in this Security Instrument, as the phrase "covenant and a�rcement" is used in Section 9. If
<br /> Bonower is obligated to pay Fscrow Items duectly,pursuant to a waiver, and Botrower fails to pay the
<br /> aznount due for an Escrow Item, Lender may exercise its rights under Settion 9 and pay such amount and
<br /> Borrower shall then be obligated under S�tion 9 to repay to Lender any such amount. Lender may revoke
<br /> the waiver as to any or a11 Escrow Items at any time by a notice given in accordance with Section 15 and,
<br /> upon such revocation, Borrower shall pay to Lender ail Funds, and in such amounts, that are then required
<br /> under t}us Section 3.
<br /> Lender may, at any time, collect and hold Funds in an amoun[(a) sufficient to permit I.ender to apply the
<br /> Funds at ffie time specified under RFSPA, and (b)not to exc.eed the ma�cimL*�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 othenvise in accordance with Applicable Law.
<br /> The Funds shall be held in an insti[ution whose deposits aze insured by a federal agency, ins[rumernaliry, or
<br /> entity (including Lender, if L.ender is an institution whose deposits 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 chazge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and
<br /> Applica6le Law permits 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 /> interest or eaznings on the Funds. Borrower and Lender can agrez in writing, however, that interest shall be
<br /> paid on the Funds. Lender shall give to Borrower, without chazge, an amual 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 held in escrow, as defned under
<br /> RFSPA, I.ender 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 RFSPA, but in no more than 12 mon[hly payments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> NEBflASKA-SinB�e Family-Fa�mle Mae/Freddie Mae UNIFOHM INSTftUMENT Foem 3028 i101
<br /> VMP� VMP6(NEI(t105).00
<br /> wolrers Kluwe�Fnanclal Services Paga 5 ot 17
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