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201206748
<br /> Auy application af payment� insw-ance proceeds, or Miscellaneous Proeeeds to principal due undei kbe Note
<br /> shall not extend or postpone the due date; or change the amount, of the Periodic Payinents.
<br /> 3. FYutds for Escrow Items. Borrower sha11 pay to I_ender on the d2q Periodic Pa}�ments aze due under the
<br /> l�ote, until the Note is paid in full, a sum(the"Funds")to provide for payxnent of amounts due for. (a)taxes
<br /> and assessments and other items wluch can attain priority over this Security instnnneat as a lien or
<br /> encumbrance on the Properry; (b)leasehold payinents ar�ound rents on the Property, if any; (c)premiums •
<br /> for any and all insurance required by Lender under Section 5; and(d)1blortgage Insurance premiums, iF any,
<br /> or any sums payable by Borrower to Lender in lieu of the pa}ancnt of Mortgage Insw-ance premiwns in
<br /> accordance wifli the provisions of Section 10. These items aze called"Escrow Items." At origination or at
<br /> any tisne during fhe term c�f tlie Loan, Lender may require that Comtnunity Association Dues, I ees, and
<br /> Assessments, if any; be escrowed Uy 13orrower, and sucr,dues, fees and assessments sha11 be an Escrow
<br /> Item. Borrower shall promptly fizrnish to Lender all notiees of amounts to be paid under this Section.
<br /> Borrower snall pay Lender the Funds for Escrow Items uniess Lendzr��aives Borrower's obligation to pay
<br /> the Funds for any or all Esczow Items. Lende=inay waiva Borrower's oblig•arion ta pay YO Lendet Funds for
<br /> any or all Escrow Items a[any time. Any such waiver may only Ue in.R�rifing. In the event of such waiver,
<br /> Borrower shall pay directly, when and wherc payable, the amounts due for any Escrow Items for w-hich.
<br /> paymenY of F�nds kas been waived by I.ender and, if Lender tequues, shall fumish to Lender receipts
<br /> evidencing such payment within such time period as Lender may require. Borrower's obligaYion te�make
<br /> such payments and to procide rec;eiptti shall f'or all purposes be deemed to be a covenant and agree�nent
<br /> contained in this Security Instrument, as the phrasc"covenant and agreement" is used in Section 9. If
<br /> Borrower is obligaYed to pay Escrpw Items dixectly, yursuant to a waiver, and Boriower fiails to pay the
<br /> amount due for an Escrow Item, Lender may exercise its rights under Secfian 9 and pay such amounr and
<br /> IIorrower shall then be oblinated uader Section 9 to repay to Lender any such amount Lendcr tnay revoke
<br /> the waiver as to an}�or all L.scrow Items at any ume bp a notice given in accordance urith Section li and,
<br /> upon such revocation, Sorrower shall gay to Lender all Fmids,. and in such amounts, ltiat arc tl�en require�
<br /> under this Section 3.
<br /> Lendcr may, at any time, collect and hold F�mds ni an axnounf(a)sufficient to pennit I.endcr to apply fhe
<br /> Funds at tha time specified imder RESPA, and(b) not to exceed the inaximum amount a lender can xequire
<br /> under RESPA. Lender shall estunate thc ainount of Funds due on the basis of cLu-rent data and reasonable
<br /> est3mates of expendifl�es of£uture Bserow Ikeins qr otherwis�in accordauce with Applicable Law.
<br /> Tbe Funds shall ne held ui an instiiuflon whose deposits zce insured by a£ederal agency. instrumentatlty, or
<br /> entiry(including Lender, lf Lender is an insfitution whose deposits are�o ins�ed} or 1n any Feder2I Home
<br /> Loan Bank. Lender sha11 apply the Funds to pay the Escrow Items no later Lhran the ti�ne specified undet
<br /> RIiSPA Lenda shall�ot charge Borrower for holdiug aud applying the Funds, annually analyzaig the
<br /> escxow accpunt, or verifying the Esesow Itans, wiless Lender pays Borrower interest on khe Funds and
<br /> Applicable Law pemuts Lender to make such a chaige. Unless an agreemcnt is made in writing or
<br /> Applicable Law requu'es interest to be paid on the Funds, l.ender shall not be requued to pay B�rro�ver any
<br /> interest or e�ernings on the Funds. Botrower and Lenda can agree in wriiing l�owever, that interest shall be
<br /> paid on the Fuads. Lender shall give to Borrower, without eharge, an annual accounting of fhe Funds as
<br /> required by RLSPA.
<br /> If fliere is a surplus of Funds held in escrow, as definzd under RESPA, Lender sha11 aecoimt to I3orrower for
<br /> the excess funds in accordance with RESPA. If there is a shonage of Funds held in escrow, as defined under
<br /> RESPA, Len�ier shall notify Borr�wer as rzquired by RESPA, and Borrower shall pay to Lender ffie aznount
<br /> necessary to make up the shortage in accardance with RBSPA, but in no more thaFi 12 monSlily paymeuts. Lf
<br /> thc7c is a dcficiency of Fmids held in escrow, as defined under RESPA, Lender shall notify Borrower as
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<br /> N�BRASKA-Single Family-Fannie tdaelFreddie NI ac UMFORlA INSTRUM ENT Fo�m 3028 1/Ol
<br /> VId P(g' VMP6(NE)(1105)
<br /> Wolteg Kluwy�Financial Services PageS of�]
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