|
201207653
<br /> Any application of pa5anenis, insurance proceecls, or Misecllaneons Proceeds to principal dnc under the I�$te
<br /> shall not e�end or postpone the duz date, or change The amount of the Perlodic Payments.
<br /> 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br /> Note, until fhe NpTe is pajd in full, a sUm(the"Funds"}fo provide forpaytuenf of amounts dee for: (a)taYes
<br /> and assessments and other itcros which can attain priority over this Security instrument as a lien o�
<br /> encumbrance on the Property; (b) Ieasehold payments or ground rents on tlie Properiy, if any; (c)premivms
<br /> for any and all insurance required by Lender under Section 5; and(d)Mortgage Insurance greiniums, if any,
<br /> or any sLuns payable hy Borrower to Lender in lieu of the payinent af Mortgage Insurance prenuums in
<br /> accoidance with the provisirnvs of Se�tion 10. These items are called'Bscrow Itexns." At originarion or at
<br /> any rime during the term of the Loaz�, Lender may require that Community Association Dues, Fees, and
<br /> Assessments, if anp, be escrowed hy Borrawer, and such dues, fees and assessmcnts shall be an Fscrow
<br /> Item. BorroR�er shall promptly furnish to Lendcr all notices of amounts to be paid under this Section.
<br /> 23orrowcr sha11 pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation 4o pay
<br /> the Funds for any or all�scrow Tteins. Lcnder 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 hc in wriring. In the event of such waiver,
<br /> Boaower shatl pay directly, when and whcre payable, t71e amounts due for any Lscrow Itcros far wluch
<br /> payment of Puncls has been waived by Lender and, if Lender requires, skall furnish to Lender receipts
<br /> evidencing such paymei�within such rime period as Lender may require. Borrower's obligafion to make
<br /> such payments and to provide receipts shall for all pur�oses be deemed to be a covenant and agreement
<br /> contained in this Security Instrument, as the phrase"covenant and ageeinent" is used zn Section 9. If
<br /> Bosower is obligaCed to pay Escrow Items dtrectly, pursuant to a waiver, and Borrower fails to pay the
<br /> ainount due for an Escrow Item, Lender may exerclse Ifs xights under SBCtion 9 and pay such amount and
<br /> Bonower shall then be obligated under Secrion 9 to rcpay to Lender any such amount. I.ender may revoke
<br /> the waiver as to any or all Escrow Itexns at any time bq a notice given in acwrdance with Secnon 1.5 and,
<br /> upon such revocation Borro�x�er shall pay to Lender all Fends, and in such amounts, that are then required
<br /> under this Section 3.
<br /> Lender inay, at any rime, collect and hold Funds in an amount(a) suffieient to peruut Lender to apply the
<br /> Funds at the time specified under RESPA, and(b)not to exceed rhe maYimum amount a lender can require
<br /> under 12ESPA. Lender shall estimxte thc amount of Funds due on tlie basis of current data and reasonable
<br /> estunates of expendihues of future Escrow Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an insritution whose deposits aze insured by a fc�3cra1 agency, instrumentality, or
<br /> entity(includuig Lender, if Lender is an ins#itution whose deposits aze so ins�sed) or in any Fecleial Home
<br /> Loan Bank. Lender sha11 agply the FLmds to pay the Escrow ICems no later than the time specified under
<br /> IZESPA. Lender shall not charge Borrower for holding and applying the Punds, annually analyzing nc�
<br /> escrow account, or verifying the Escrow ItemS, unl�s i,ender pays Sorrower interest on the Funds and
<br /> Appucable Law perxnits Leuder io make such a charge. Unless an ageement is made in writing or
<br /> Applicable Law requires inteaest to be paid on the Funds, Lend� shalt not be required to pay Borrowet any
<br /> interest or earnings on the Funds. Borrower and Lender can agree in writing, however, fliat intexest shall he
<br /> paid on the Fimds. Lencier shall give to 3orrower, without cl�arge, an annual accounting of the Funds as
<br /> required by RESPA
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Bonower for
<br /> the excess funds in aceoxdance with RESPA. If there is a shortage of Funds held ixi escrow, as de5ned under
<br /> RESP�1, Lender s1ia11 notify Bo�owea as required by RESPA, and Borrower sfialI pay to Lendex the amount
<br /> necessary to mak0 np the shortage in accordance wiYh R;SPA, but in no more than 12 monthly payments. If
<br /> there is a deficiency of Funds heid in escrow, as defined under RBSPA, Lender shall notify Bor.owe;as
<br /> 240021a6
<br /> NEBRASKA-Single Family-F�nnie Ma�iFretldie Iviac UNIFOFWI INSTRUM ENT Form 3028 V�t
<br /> V M P� V M P6(NE)(1105)
<br /> Wolters Kluviar Fnancial Services PageS of t�
<br />
|