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201207092
<br /> Any application of payments, msurance proceeds, or Miscellaneous Proceeds to principal dtte under the Note
<br /> sha11 not extend or p�stpone the due daie, or change the aznount of the Periodic Payments.
<br /> 3. Funds for Escrow Items. Borrower shall pay to Lender on flie day Periodic Payments are due under the
<br /> Note, unti] the Note is pud in full, � sum(flie"Funds")to provide for payment of amounts due for: (a) taxes
<br /> and assessments and other items which can attain priority over this Security lnstrument as a lien or
<br /> encumUrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c)premiwns
<br /> for any and all insurance required by Lender Lmder Section 5; and (d) Mortgage Insurance premiiuns, if ury,
<br /> or any sums payable 6y]3orrower to Lender in lieu of thc payment of Mortgage Insurance presniums in
<br /> accordance with the provisions of Section 10. These items are called"Escrow Items." At origination or at
<br /> any time during the term of the Loan, Lender may require that C�mmunity Associarion Duc s, Fees, and
<br /> Assessmcnts, if any, be escrowed by Borrower,.and such due:, fees and a5sessmeuts shall be an Escrow
<br /> Item. Borrower shall promptly furnish to Lendzr all notices of amounts to be paid under thie Seckioa.
<br /> Bon-ower shall pay Leuder the I'unds for Escrow Items unless Lender waives Borrower's obligation to pay
<br /> the Funds for any or all Escrow Items. Le¢der ma}�waive Borrowes's obligafion to gay to Lender Funds ior
<br /> any or all Eserow IY�ns at aay time. Anq snch waiver may only be in writing. In flle event of such waiver,
<br /> Borrower shall pay diiectly, when and.where payable, the amounts due for any Escrow Items far which
<br /> �iaymenf of Punds has been walved by Lender and, if Lender rcquires, shall fumish to Lender receipts
<br /> evidencing such payment wiilun such rime period as Lendex may require. Bort�owet's obligafion to make
<br /> such payments and to provide receipts shall Por all piupqses be deemed.to be a covenant and agreement
<br /> contained in this Security Insfrument, as the phrase "covenant and agreement" is used.in Section 9. If
<br /> Borrower is obligateel to pay Escrow Items directly, pursuant to a waiver, and Borrowei fails to�ay the
<br /> unount due for an Escrow Item, Lender ma.y exercise ifs rights under SecCion 9 and pay such amount and
<br /> Borrower shall tfien be obligaced under Section 9 to repay to Lender any such amount. Lendc,�r may revoke
<br /> tlte waiver as Co any or all EScrow ICems at any time by a notice given in accordai�ce with Secfion LS and,
<br /> upon sueh revocation, Borrower shall pay to Lendet all Fnnds, and In such amount5, tliat are then reqtaired
<br /> under this Section 3.
<br /> Lender may, at any tune, colleat and hold Funds in an amount(a) su€ficien[to pennit Lendex to apply the
<br /> Punds at the tiine spccified under RESPA, and(b)not to execed the masimum amoimt a lender can sequire
<br /> under RESPA. Lender Shall estimate the amount of Funds due on the basis of current data and reasonable
<br /> estimates of expenditures of fuhxre Fscrow Items or otherwise in accordance witfi Applicable Law.
<br /> The Punds shall be hcld in an institution whose deposits azc in�ured by a fedesal agency, instrumentalitv, or
<br /> entity('mcluding Lende�, iF Lender Is an institution whose deposits are so insured) or in any Fedesal Homo
<br /> Loan Bank. Lender shall apply the Punds[o pay the Escrow Items no later thw lhe time specitied under
<br /> RESPA. Lcuder shull n�l chnrae Borrower for holding anct applying the Funds, annually analyziag the
<br /> escrow account, or verifying the Escroa�Itcn-is, unless Lender pays Borrower interest on.tUe Funds and
<br /> Applicable Law permits Lender to make such a charge. Unless an aa�reement is made in writing ox
<br /> Applicable Law requues interest lo he paid on.the Funds, Lender sha(1 not bc rcquired to pay Borrower any
<br /> interest or eamings on the Funds. Borrowex and Lcuder can agree In writing however, that interest shal�be
<br /> paid an the Funds. Lender shall give to Borrower, without chazge, an annual accomiring of the Funds as
<br /> requireci by RESPA
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall accouni to Borrower for
<br /> the excess funds:n aceordance witii RFSPA. I£there is a shortage of FLmds held in escrow, as derned under �
<br /> RESPA, Lender shall notify Borrower as reqiured by RESPA, and Borrower shall pay io Lender the amount
<br /> necessazy to make up the shortage in accordance wi[h RESFA, but in no mpre fhan 12 monttily paymznts. If
<br /> there is a deficieneq of Funds held in escrow, as defined under RESPA, Lender shall notify Bonower as
<br /> 2400t932
<br /> NEBRASKA-SingleFamity-FannieMarlFreddie A1ac UNIFOR�d INSTRUh1FJVT Form 3028 il�t
<br /> VMP OO VMP6(NE)(11Q5)
<br /> W olters Kluwer Financial Services ?age 5 of t]
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