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201207417
<br /> Any application of pay�l�enty, in�ttiaflw j�roceeds, or,Mieccl7aneons 1'toceeda to yiincipal due under t6e Note
<br /> sh211 noL� extenci or postpone Che dne dale, or change the an�owll, of the Periodie PaymenCs.
<br /> 3. l�nnd5 for P�scrow Tfems. Borrowe�r ehall�ay to Lender on tY�c day Periodic Ye�ymente aro duc under tl�o
<br /> Nol e, imtil [�he Note is pttic{in Sull, 1 sim�(the'Tunde") to provide for pflyment of�nounts due for: (a) Caxes
<br /> and asaessrnents and othec items which c�ui attain priority ove�•thie SecuriYy Insirument�s e lien or
<br /> �eucmnbrauce on the PtoperCy; (b)leasahold payinents or gromid rents on tihe Property, i£any; (c)preniiums
<br /> for any�v�d all insurance required by Lendcr tmdor Seclion 5; and(d) Mortgage lnn�ttanocpremiums, if any,
<br /> or any smns p�yable by Bon•ower to Lender in lieu of the payn�ent of Morlgage Insiiranoe premiun�s in
<br /> accord�sice with the provisions of Section ]0. These iteins are called"Escrow Ttems." At origination or at
<br /> � any lame during the terin of the Loan, Leuder may i�eqturo that Conunm�ity Associ2tion Dues, P+ees, and
<br /> Assessmenta, if any, be escrowed by Borrower, and such dues, fees and assessments shell be an Eaccow
<br /> Ttem. Borrower she11 promptly ftirllish to Lender all notices of aznounts to Ue paid under tlris Section.
<br /> Borrower 81�a11 pay Lender the Funds for Fscrow l,tcm5 unless l..cndor waives Boi�ro�vcr's oUlig�ttion to pay
<br /> tlie Fnnds for any or a1T Escrow Ttems. Lc»d��r may waive Borrower's o6ligation ta pay fo Lendcr Funde For
<br /> any or all LFcrow Iteuis a4 any Cime. .Any such wniver may only be ni�niting. Hi the evetlt of such wniver,
<br /> Borrower ahall pny directly, when anrl where payable, the amounts due for any Escrow Iteins for which
<br /> pa}nnent of Funds has been waiveci by Lender and, 3f l.eudar requires, shall furnis1i to I.ender receipts
<br /> ovidencing suc1�p�tyinevt within such titnc perind as Londer n�ay require. Borrower's ohligafioi� Io inake
<br /> such gayinenls and w provide Teceipts shall for all pui�oees be deemed Yo be a covenant and agreement
<br /> contiained iu tkus SecuriYq InstrumenY, as the pluTse "covenaut and agreement'" is used in Section y. If
<br /> Borrower is obHgat�ed to pay Fsc��ow]tems directly, pursuanE to a waivcr, and BE�rrower fails to pap thc
<br /> amount due for an L+serow Item, Lender mny exercise its rights under Seofion 9 and pay anch amount and
<br /> Borxower shall then be oUlignked under Section 9 to repay to Lender any such amount. Lender mey revoke
<br /> the waiver �s tu any or all �scrow Items at a�ry time Uy a notice given in accorda�ice with Section 15 and,
<br /> upoit such revocation, Borrower shqll pay to I,encler<dl Funds, and in such amoti�nts, that are t1�en requirod
<br /> undor this Section 3.
<br /> Lcndcr m�y, at any timq collcot and h<>]d b'uUcle in an atnoimt(a)sufficie�it to pcnniti I,enda'to apply the
<br /> IIunds at khe tune specified uuder RESPA, and(b)not to exceed the mnximum cunouut�lender o�ui require
<br /> nnder RLSPA, Lender sha11 estimatie tihe ainotuiti of Ftuide due on Uie basis oF ourrenti data aud reasouable
<br /> estimates of expendihires o£futuxe Pscrow Ttems or othexwise in accoxdauce wieh Applicnble Law.
<br /> The Tunde sl�all be lxeld in an instihriion whose clepoeiCs are inai�red by fl federal agency, in.4lriunenfali�y, ar
<br /> entity(including Lender, if I,ender is �ui instituCion whose de��osiYs�re so insured) or in nny Pederal IIome
<br /> Loan Baa�1c Lender sha11 apply the Funds to pTy the Escraw Items no later tihaai tihe time specified under
<br /> KBSYA. Lcndor 9ha11 i�ot chaigc Borrowcr for holdin� and app1ying tl�e Fm1ds, a�u�ually aualyzdng Uie
<br /> eserow aocoiu2t, or verifying the�sorow ICeins, imless l,ender��ys Borrower interast on tlie Fiinde and
<br /> Applicnble Law permita Letider to malco such a chaa�ge. Unless an agreement is mnde in wxiting or
<br /> AppHcab1e Law reqLtiires interest to Ue paid on the FLu1ds, I..ender e1�a11 uot Ua required to pa}+Borrower any
<br /> in6eresC or eprxi'v�igs on Che Punds. Borrower anci Lendei can agree in wrz�ing, howcver, that intcrest sl�all be
<br /> pAid ou the Funds. Lender ahall give to Barrower, without charge, eu annual accoun6ng of tha Funds ae
<br /> rcquired Uy RI?SI'A.
<br /> If there is a surplu� of I unds Iield in escrow, as defiiied Lwder RESPA, Lender shall aecowit to Borrowar for
<br /> the cxecss ftmds in acc;�rdanoo wiCh RliSPA. �[f thorc is a sh�rtagc of b'uncis 7�e1d in escrow, as defined mzder
<br /> It�SPA, Lencler shn11 notify Borrower as required by RLSPA, and Boirower shall pay to Lc�uior tihe amouriC
<br /> necessery to mnke up the ahorta�e in eecordance with RESPA, Uut izi no more than 12 monChly payn�ente. If
<br /> there is a daticiency oFFunds laeld in escrow, as defined under RESPA, Leiider sha11 uotify Borrower as
<br /> saoososa
<br /> N EeRASKA-Single Fam ily-Fnnnle M eelFreddla PA ec U N IFOWvi INSTRUM EN f Porm a�28 i Po i
<br /> VMP p VMP6(NE)(11061
<br /> Wol�are Kluwor Flnanclal3crvioos Pnpe G of 17
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