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201207373
<br /> Any application of payments, instiu�a�ice proeccds, or Misccllaneous Procc�s to principal Que�mder �he Nofe
<br /> sh�,ill not natcnd or�nst��one the due cltile, or change tihe amount, oF tlie Periodic P�yments.
<br /> 3. Punds for liecrow Iteins. Borrower shall p�y to Lender on the dtiy Periodic Pa}mients exe due mider the
<br /> Note, unfil the Note is paid in full, ti stun(the "Fuuds") to provide for pa}nnenC oi'amounts Que for: (�) texes
<br /> and asseasments and oYher items whicli oexi attain priority ovcr this Security Insi��umont as a licn or
<br /> _ enctunbrance on t1�e Property; (b} leasel�o}d paymcnle or girouncl renfs on Cha Pro�ertg, if any; (c)preiniums
<br /> for auy and all insLirance rcquired by Lcnder�uider SecLion 5; And (d)Mortgage Ineurnnce premiums, if any,
<br /> or any stnns payaUlo Uy Borrower Co Lender in lieu bf the pnymenY oP Mortgaga Instu'nnce premiums iu
<br /> accordnr�ce wilh lhe proviaious of Section 10. These iteins are called"Escrow Items."At origination or aE
<br /> any time duriug the term o£the Loaai, Lender�nay requirc�tl�at Cmnmcmity AssociaCion Dnes, Feea, �ncl
<br /> Assessments, if az�y, Ue eacrowed by Borrower, nnd such dues, Pees and assessments shall be an Rscrow
<br /> Itein. Borrower sha11 prompYly furnish to Lender all noticey of an�ow�ts Co Uc paid timdor this Secdion.
<br /> Borrowar shall pay Lender the[unds for N;soraw Items nnleea Lender waivea Boirower's obligfttion to pay
<br /> the Funds fa�any or all Lscrow Items. Lender mtty waive Borrower's oUligation to p�y to Lencler Punds f'oi�
<br /> any or all]?�ciow ICen�s at any fime. Any euch waiver inay only be in wiiting. 6i tl�e eve�tt of such waivor,
<br /> Borrower eh�ll pay dixectly, wheti wd wherepuyable, Uze amnuntis duc for any L�scrow IPeii�s for whicl�
<br /> payment of Punds has been waived Uy l,eoder ancl, if Lonciar requires, ahall fiu�niah to Lender receipts
<br /> evidencing suoh payment within such tiinc period as Lencler m�y require. Borrower'a ohligation to ixuike
<br /> such p�ymetite and to provide recoipte shall for �ll purposes Ue cleenied to be a covenant and agreemevt
<br /> eontaincd iu this SecuriCy I�ish�ument, as the pl�rase "covenant uid agreement" is used in Section 9. If
<br /> Borrower is obli�ated to p�y�scrow ICems direct]y, }�m'suant to a waivcr, xn�9 Borrower Pails Ga pay the
<br /> unotuit dtie for azi Rscrow Itern, Lcndar tnay exerciae iCs riglits under Secrion 9 and p�y sueh amount and
<br /> Barrowcr sh211 ihen be obligated undex Section 9 Yo repay to Lender any such amount. L,enc1er rnay rcvo1co
<br /> the waiver es to any or 211 Escrow Items at any tiine by a notice givcn in accorciance v✓ith SeoCiou 15 nnd,
<br /> upon such revocation, I3orrowcr shall pay to L�nder all P'uiids, and in etich amounts, that are then��equired
<br /> nuder U»s SecCion 3,
<br /> Lender�nay, at any time, colleet and holci Fm�ds in en amonnt(a) snPf cient to permit Lencler to apply Uie
<br /> Frmds at thc fime speciliec{nnder RESPA, and(b) not to exceed the nu�imtmi amotiutt a lenci�,r c�u� rcquirc
<br /> mider RPSPA, Lender ahall esYimt�ka tlia amount of Punds dLie on fl�c basis of curront elata and reaeonable
<br /> estimates of cxpcnditures of fuhue�scrow Items or othettivise in accordance witS�ApplicaUla Law.
<br /> Tl�e Fw�ds �hall be held in an institu[ion wkoae deposlts are insurad by a federal ageney, insCrtmientality, or
<br /> entity(including Lender, if Lander is an ius{ituCion whose deposits are so innurcd) or in any l'eder�l Homc
<br /> Loan Banlc Lender shall apply t1�e Ftiiudv to p2y the L�sorow Ttema no later than the fime speci&ed mider
<br /> RESPA, Lcndcr ehall noC cliarge Borrawer for holding And ep�lying Yhe Funds, amivally analyzirig the
<br /> escro�v nccoiu�t, or veriLying the�Esorow Itams, tuiless Leuder pays Aorrower inte+'est on U�e Funds and
<br /> ApplicaUle Lnw permiYs Lender to make sucU a charge. Unlees an agrocmonti ie made in wriCiug or
<br /> Applicable Law reqLures interest to be paid on thc Fnnds, Lender sh�il not be required W pny Borcow�r any
<br /> iuterest or ev nings on the x'unda Borrowe� �nd Leuder c�ui agree in writing, however, Uiat interest shall be
<br /> p�id o�i Che Fntids, Lender sh�ll give tu Borrower, wiYhouf�chna�ge, au aunual accounting of the Pur�ds as
<br /> required by RESPA.
<br /> If there is a ewplus oi'ruvds held iu escrow, as defined under RL SPA, Lcndcr shall accow1t to Borrowcr for
<br /> the excess fw�ds in accordancc wiUi KN;SPA. If there is a shortage of P'unds held in escrow, ps definecl under
<br /> RLSPA, Lender shall notify IIorrower es reqtured by RESPA, and Borrower sl�all pay tio Lender 1'1�e aanowrt
<br /> necessery to tnake up the shortage iu acoordEuice with RFSYA, but in na more fhan 12 monthly paymente. If
<br /> there is a deficiency of Punde held ii� escrow, as de�ned undee ItESPA, Lender shall noHfy Bon�owcr ns
<br /> snoozoss
<br /> NEBRA 51(A-Single Fem Ily-Fannle M ee/Fredtlie h7 ec UNIFORId INSTRUM ENT Forni 3020 1 f01
<br /> VM P� Vh1 P6(NE)11106)
<br /> Woltere Kluwer Financlal 6ervlces Pege 3 of ii
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