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201207540
<br /> Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br /> 3. Funds for Escrow Items. Borrower shall pay to l.ender on the day Periodic Payments are due under the
<br /> Note, until the Note is paid in full, a sum(the "Funds")to provide for payment of amounts due for: (a)tates
<br /> and assessments and other itetns which can attain priority over this Security Instrument as a lien or
<br /> encum6rance on the Property; (b) leasehold payments or ground rents on the Propetty, if any; (c)premiums
<br /> for any and all insurance required by Isnder under S�tion 5; and(d)Mortgage Insurance premiums, if any,
<br /> or any sums payable by Bonower to Leader in lieu of the payment of Mongage Insur�cce premiums 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 Community Association Dues, Fees, and
<br /> Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Fscrow
<br /> Item. Borrower shall promptly furnish to L,ender all notices of amounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br /> the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br /> Bonower shall pay directly, when and where payable, the amoums due for any Escrow Items for which
<br /> payment of Funds has been waived by Lender and, if Lender requires, shall fumish to Lender receipts
<br /> evidencing such payment within such time period as Leitder may require. Borrower's obligation to make
<br /> such payments and to provide re�eipts shall For all purposes be deemed to be a covenant and agreemen[
<br /> cwntained in this Security Instrument, as the phrase "coyenant and agreement" is used in Section 9. If
<br /> Borrower is obligat�to pay Fscrow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br /> amount due for an Escrow I[em, Lender may exercise its rights under�ction 9 and pay such amount and
<br /> Bortower shall then be obligated under Section 9 to repay to Lcmder any such amount. Lender may revoke
<br /> the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and,
<br /> upon such revocalion, Borrower shall pay to I.ender all Funds, and in such amounts, that are ihen required
<br /> under this Section 3.
<br /> Lender may, at any time, collect and hold Funds in an amo�mt(a)sufficient w permit Lender ro apply the
<br /> Funds at the time sp�ified under RFSPA, and(b)not to exceed the maximum amount a lender can require
<br /> wider RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable
<br /> estunates of expenditures of future Escrow Items or o[herwise in accordance with Applicable Law.
<br /> The Funds shall be heid in an institution whose deposits aze insured by a federal agency, instrumentality, or
<br /> entiry (including Lender, if Lender is an institution whose deposits are so insured)or in any Federal Hotne
<br /> Loan Bank. I.ender shall apply the Funds to pay the Fscrow Items no later then the time sp�ified under
<br /> RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless I,ender pays gorrower interest on the Funds and
<br /> Applicable Law permits L.ender to make such a charge. Unl�ss an agreement is made in writing or
<br /> Applicable Law requires interest to be paid on the F�nds, Lender shali not be required to pay Horrower any
<br /> interest or eaznings on the Funds. Borrower and Lender can agree in writing,however, tUat interest shall 6e
<br /> paid on the Funds. Lznder shall give to Borrower, without charge, an annual accounting of the Funds as
<br /> requited 6y RFSPA.
<br /> If there is a surplus of Funds held in escrow, as defined�mder RESPA, Iender shall accau�to Borrower For
<br /> the excess funds in accordar�ce with RFSPA. If there is a shortage of Funds held in esctow, as define3 under
<br /> RESPA, Lznder shall notify Bonower as required by RESPA, and Borrower shall pay to Lender the amount
<br /> necessary to make up[he shor[age in accordance with RESPA, but in no more than 12 monthly payments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall norify Borrower as
<br /> NEBHASKA-Si�le Family-Fennie MaelFreddie Mac UNIFpqM INSTFI/MEM
<br /> ��qp� Porm 3028 1/01
<br /> VMPB(NE)�1105�.00
<br /> W oke�e Kluwe�Finennal Servicea Page 5 ot 1]
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