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201207384
<br /> Any application of payments, insurance pr�ceeds, or Miscellaneous Proceeds Yo principal due under the Note
<br /> shal]not extend or postpone ihe due date, or cbange the amount, of the Periodic Paymenfs.
<br /> 3. Funds for Escrow Items. Bon ower shall pay to Lender on the day Perioclic Payinents are due under the
<br /> Note, unril the Note is paid in full, a sum(the"Funds") to pro«de for payinent of amounts due fari (a) tases
<br /> and assesstsLeuts and other items which can attain priority over this Security Instrument as a]ien or
<br /> encumbrance on the Property; (b) leasehold pa}nnerns or�ound rents on the Property, iP any; (c)premiums
<br /> Por any and all insurance required by Lender uncler Section 5; and{d)Mortgage Insurance premiums, if any, .
<br /> or any sums payable by Borrower to Lender in lieu of the paymenl of Morta�e Insurance premiums in
<br /> accosdance v��th theprovisions of Section 70. These items aze called "Escrow Iteins." At angination or at
<br /> any tune during ihe term of the Loan; Lender may requirc that Community Associution Dues, Fees, and
<br /> Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escro�v
<br /> Item. Borrower shall promptly fiunish to Lender all notices of amounts to be paid under tttis Section.
<br /> Bonower shall pay Lender the Punds for�scrow Items wiless I,znder v✓aives Borrower's obligation to pay
<br /> the Funds for any or all Escracv Items. Lender may waive Borrower's obligarion to pay to Lender Funds for
<br /> any or all Esemw Items at any time. Any such waiver may Only be in writing. In the event of such waiver,
<br /> Borrower shall pay directly, when and where payable, flie ainounts due for any Escrow Items Por which
<br /> pa5nnent of Funds has been waived by Lender and; if Lender requires, shall furnish to Lender receipYs
<br /> e�idenciag such paymenY within such time period as Lender may reguire. Borrower's obligaEion to make
<br /> such�ayincnts and to provide receipts shal: for all purposes be deemed�to be a covenant and agreement
<br /> contained in this Security Instnunent, as the phrase"covcnant and a�eexr.ent" is used iri Section 9. If
<br /> Boxxowex ig obHgated to pay Eserow Items directly, pursuan[to a waivcr, and Borrower fails to pay*aie
<br /> aznount duc for an Escrow Item, Lender may exercise its rights under Section 9 and pay such ainounx and
<br /> Bonower shall flieu be oUligated under Section 9 to repay to Lender any such amount. Lender may rcvoke
<br /> the waiver as to any or all Escrow Items at any time by a notice given in accordance�vith Secrion 15 and,
<br /> upon such revocation, Boxrower shall pay to Lender all Funds, and in such ainounts, that are then required
<br /> tuider Chis Seclion 3.
<br /> Lender may, at any tune, collect and hold Funds in an amoilxrt(a) suffici�nt to permit Lender to apply the
<br /> Fuuds at thc riinc specitied under RESPA, and(b)not to exceed the maxixnum amount a lender can require
<br /> under ILESPA. Lender shall estimate the amount of Funds due on thc basis of current data and reasonable
<br /> estimates of exyenditures of future Escrow ltems or otherwise in accordance w:th Applicable Law.
<br /> The Punds shall be held in an institution whose deposits aze insLu-ed by a federal agency, instnxmeniality, or
<br /> entit;%(including I,ender, if Lender is an institution whose deposits are so insurcd) or in any Federal Home
<br /> Loan Sanlc Lendea sha11 apply the�unds to pay the Escrow Items no later than the time specified under
<br /> RESPA. Leuder shall uul cLarge I�rrower fur holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender pays Borrower inter�st on the Funds and
<br /> Applicable Law pernvts Lender to make such a charge. Uiiless a•n aa eement is made in writing or
<br /> Applicable Law requires interest to be paid on the Punds, Lender sh�ill no[be required to pay Borrower any
<br /> interest or eernings on the Funds_ Borrower and Lender can agree in writing, however, that interest sfiall Ue
<br /> paid on±he Funds. i,ender shall give to Bonower, without charge, an annual accounting of th.e Funds as
<br /> required by R�SP[l
<br /> If there is a surpius of Funds held in escrow, as defined under RESPA, L cnder shall account to Boxrower fox
<br /> the excess funds in accordance with AESPA. If there is a shortage of Funds held in escrow, as defined under
<br /> RESPf1, Lender shall notify Borrower as required by RESP A, and Borrower shall.pay to Lender the amount
<br /> necessary to inake up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If �
<br /> there is a deficiency of T unds held in escrow, as defined under RESPA, L,ender shall notify Bonowec as
<br /> zaoozoa�
<br /> NFSRASKA-Single Pamily-Fannie:daelFretltlielul ac UNIFORM INSTRUM ENT Po�m 3Q28 U01
<br /> �(MP(`q VMP6(NE)(1105)
<br /> Nlo:ters Kluwer Financial Servlces Page 5 d 1]
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