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�0120797�
<br />Any appliceticm of j�ayments, imurance pr�iceulti, ur Miticellanc;outi Proceulti to principal dur under Ihc Nole
<br />shall uot extend or postpane the �ue date, or change the amount, of the Peri�ic Payments.
<br />3. Funds for Escrov� Items. Borrower shall pay to Lender on the day Pcriodic Payments are due under the
<br />Note, until the Note is paid in full, a sum (the "Funds") to prouide for payment of amaunts due for: (a) taxes
<br />and assessments and other items which can attain priority over this Security Insin�.ment as a lien or
<br />encumhrance on the Property; (b) leasehold paymcnts or ground rents on the Property, if any; (c} premiums
<br />for any and all insuranee rc�uired by Lender under Section 5; and {cl) Morigage Insuranee premiuma, if any,
<br />or any sums payable hy Borrower to Lender in lieu of the paymenr of Martgage Insurance pre�niums in
<br />accordance wilh lhe provitiions of Section 10. 'I'hetie ilemti dre cdll�il "f:ticniw Itemti." AL �>riginati�m i�r al
<br />any time duriug tlie term of the L.uan, Lender may require that Caiunwnity Flssociation Dues, Fees and
<br />Assess�nents, if any, be escrawed by Bonower, and such dues, fees and assess�z�ents sliall Ue an Escrow
<br />Item. Borrower shall promptly furnish to Lender all notices of amou�its to be paid under this Section.
<br />Borrower shall pay Lender the Funds for Escrow Ite�ns unless Lender waives Borrower's obligation to pay
<br />thc Funds for any or a]I Escrow Itcros. Lcndcr may wai��c Borro���rr's obligation to pay to Lcndcr runds for
<br />any or all Escrow Items at any time. Any such waiver mav only be in �vriting. In the event of'such waiver,
<br />Borrower shall pay directly, when and where pay�b(e, the amounts due for any Esc.r<nv Items for which
<br />payment of f�unds has bee;n w�aived by Lender and, it Lender requires, shull fumish to L�nder receipts
<br />evidencing such payment within such time period as Lender may require. I3orrower's obligaiion to make
<br />such payments and to protiide receipts shall for all purposes be deemed to be a cov�nant and agreement
<br />contained in this Security Instrument, as the phrase "covenant and aerec.�nc:nt" is used in Section 9. If
<br />Borrocver is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails ta pay the
<br />araount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br />Borrawer shall then be obligated under Section 9 to repay to Lender any si.�ch amount. Lender may revoke
<br />. the waiver as io any or all Escrow Itetns at any time by � notice given 'tn accorc}ance with Sc�tion 15 and,
<br />npon such revocation, Bonower shall pay to Lender all Punds, and in euch amounts, that are then required
<br />under this Su:tion 3_
<br />Lender may, at any time, collect and hold Funds in an amount (a) suf6cient to permit Lender ta apply the
<br />Funds at the time specified under RESPA, and (b) not to exceed the masimum amount a lender can reyuire
<br />under RF,SP�1. Lender shall estimate the amount of l�unds due on thc basis of current data and reasc�nable
<br />estimates of expenditures of future Escro�� Items or athenvise in accordance ��ith Applicable Law.
<br />The Funds shall be held in an institution wl�ose deposits are insured by a federal agcncy, instnunentality, or
<br />entity (including Lender, if Lender is an institution whose deposits are so insured'} or in any Fede,�tal Home
<br />Loan Banlc. Lender shall apply the Funds to pay the £;scrow Items no later than the tirne specified under
<br />RESPA. Lender shall nat charge Bonower for hnlding and applying the ��unds, annually analyzing the
<br />escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and
<br />Applicable Law pennits Lender tc� raake such a charge. iJnless an a�re�ment is made in v��riting or
<br />Applicable Law requires interest to be paid on the Funds, Lender sha11 not be required tc� pay� Borrower any
<br />interest or earnings on the Punds. Barrower and Lender can agree in writing, ho�vever, that interest shall be
<br />paid on the Funds. Lender shall give to Bartower, without charge, an annual accounting of the Ftuids as
<br />requised by RESPA.
<br />!f there is a surplus of Funds held in escrow, as defined under RF.SPA, Lender shall account to Borrower for
<br />the excess fu.nds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br />RESPA, Lender shall notify Bonower as required by RESPt�, and Borto�ver shall pay to Lender the amount
<br />necessary to make up the shortage in accordance �vith RF,SPA, but in no more than 12 monihly payments. If
<br />there is a deficiency of Funds held in escrow, as defined under RF..SP�, Lender shall notify Bonower as
<br />NEBRASKA-Single FamiyFannie A1aelFraddia Mac UNIFORM INSTRUMENT
<br />YMP �
<br />Woltars Kluwer Financial Services
<br />Fcrm 3026'U01
<br />VR1P8(NE) {1105).00
<br />Pa�e 5 of 17
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