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201207510
<br /> Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under Che Note
<br /> sha11 not extend or postpone the due daYa, or change the amount, of the Periodic PaymenPs,
<br /> 3. Funds for EscroW Iteais. Borrower shall pay to Lender on the day Perip�tic Pa}nnents are due imder the
<br /> Note, until the Note is paid in full, a sum(the 'Bunds")to provide for payment of amoimts due for: (a) taxes
<br /> and assessments and other items wluch can attain priority over this Security InsTrument as a lien or
<br /> zncLunbrancz on f,he Property; (b)]easehold payments or�ound rents on the Property, if any; (c)premiums
<br /> for any and a11 insisance required by Lender under 3eclion 5; and(d)Mortgage Insurance pre;nizuns, if any,
<br /> or any slmzs payable by Borrower to Lender in lien of the payment of Mortgage I1�uranCe piemiums in
<br /> accordance Rntii the provisions of Section 10. These items are callcd"Escrow Items." At origination or at
<br /> any time during the term of the ioan, Lencler may require that Commimity Association Dues, Fees, and
<br /> [lssessments, if any, be escrowed by Borrower, and such dues, fees and assessinents shall be an Escrow
<br /> Itcm. Borrower shall promptly fiunish to Lender all notices of amounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escrow Items unless Lender waivex Boaower's o6ligation to pay
<br /> the Funds for any or al] Escrow Items. Lender may waive BoQower's obligation to pay to Lendei Funds for
<br /> any or all Escrow Items at any time. Any such waivcr may only be in writing. In the event of such waiver,
<br /> Bo�oN+a shall pay direcfly, when and where payable, the unounts due fux any Esarow Items for which
<br /> payment of I+linds]�s been waived by Lender and, If Lerider requiras, shall furnish Co Lender receipts
<br /> evidencing such paymenY within such time period es Lender lnay require. BorroWer's obligation to make
<br /> such�ayinents and to provide receipts shall for all purposes Ue deemed to be a co�=enant and agreement
<br /> eontained in this Securit}�1nsYrument, as the phrase"covenant and a�ee�nent" is used in Section 9. Lf
<br /> Borrowet is obligat�d.to pay Escrow Items directl5�, pursuant to a waiver, and Borrowea fails to pay the
<br /> amount due for an EscrOw Itei7i, Lender may exercise its rights under Section 9 and pay such ap�.ount and
<br /> Borrower shall then 6c obiigated under Section 9 to repay to Lender any such amount. Lender may revoke
<br /> flie waiver as�to any or all Esciow It�ns at any time by a nolice given in accordmmce with Section 15 and,
<br /> upon such rcvocarion, Bonower shall pay to Lender all Funds, and in such amounts, that are then required
<br /> mider this Section 3.
<br /> Lender may, at any tine, collect and hold Funds in an amount(a) sufricient to pennit Lender to apply the
<br /> Funds at the time specificd under RESPA, and(b)uot to�ceed the masumun amount a lender can require
<br /> under 12ESPA. Lender shall estimate thc amount of Funds due on the basis of current daha and reasonable
<br /> estimates of er�endihves of f'uture Escrow ItemS or oflierwise in accordance with Applicable Law.
<br /> The Punds shall Ue held in an institution whose deposi[s are insured by a federal agency, instrumentality, or
<br /> entity(including Lender, if Lender is an institution whose deposits aze so insurcd) or in any Federal Home
<br /> Loan i3ank. Lender shall apply the Funds to pay the Eserow Itcros no later than the time speci£ied under
<br /> RESPA. Lender shall not charge Borrower for holdine and apply�ing the Funds, annually analyzing flie
<br /> cscrow account, or verifying the Lscrow Items, unless Lender pays Borrower inferesL on d�e Funds and
<br /> Applicable Law pemuts Lender to make such a chargc. Unless an agreement is made in�✓riting or
<br /> Appficable I.aw requues interest to ba paid on the Fuuds, Lendar shall not be xequired to pay Borrower any
<br /> interest or earnings on flie Fimds. Borrower aa�d Lendez cau agree in writing, howevec, that interest shall be
<br /> paid on EAe Funds. Lender shall giva tn Boizowex, without chazge, an annual accounCing of the Fuxds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in cscrow, as defined under RESPA, Lender shall account to Borrower for
<br /> the excess fixncLs in accordance wlth RESPA. If there ls a shortage of Funds l�eld ni escrow, as defined unda
<br /> RESPA, Lender shall notify Bon ower as required by R�SPA, and Borrower shall pay to Lender the vnount
<br /> necessary to make up the shoxtage in accordanee with RESPA, but in no more th2n 12 monthly payments. If
<br /> ihere is a deficiencv of Funds held in escrow, as defined under RESPA, Lender shall notify Borrowcr as
<br /> zaoazaas
<br /> NEB.R4SKA-Single Famity-Fannie b'.xelReticic M11 ac UkIFORI�A INSTROM FNT Porm 3028'1101
<br /> VPd P OO b'M P6INE)(1105)
<br /> 'Nolters Kluwu Fnandal Services Paaa 5 0�t]
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