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201208227
<br /> Any applieation of paymeuts, insuiance proceeds, or Miscellaneous Proceods t�o principal due under the Note
<br /> shal] not extend or pos[pnno the due daYe, or change the amount, of the Periodic PaymenYs.
<br /> 3. Funds ffor Lr'scrow Ite�ns. Borrower shall pay to Lender on the day Periodic Payments are dua under the
<br /> Note, uuCil thc NoYe is paid in full, a sum (the °Runds")to provide for payment of amounts due for: (tt)taxes
<br /> and assessments 1nd other items which can nttlin priority over this Sacurity Instrument as a lien or
<br /> encumbrance on tlie Property; (b) leasehold payments or ground rents on the ProperYy, if any; (o) premiums
<br /> for any and all insurauce required by I.cnder under Soction 5; and (d) Mortgage insutance premiums, iP any,
<br /> �r any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in
<br /> accordance with the provisions of Seotion 10. These items are called "Escrow Items." At origination ox at
<br /> any time during the term af'the La1n, Lender m1y require that Coirunuuity Association Dues, Fees, �uid
<br /> Assessments; if any, be cscrowed hy Borrower, and such dues, fees and assessments shall be an Escrow
<br /> Item. Sorrower shall prompYly fltrnish to Lender all notices of unounts to be paid uncler tl�is S�ction.
<br /> Borrower sh211 p2y Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br /> tl�e Funds f'or nny or all Escrow Items. I,ender may waive Borrowei°s obligation to pay[o Lendcr Tunds for
<br /> any or all Escrow ltems aT any tima Any sueh waiver inay only be in writing. in the avent of suoh waiver,
<br /> Borrower shall pay directly, when and where payable, the unounts due for 1ny Escrow Iteins for which
<br /> payment of Funds h�s been waived by Lender and, if Lender reqvires, shall furnish to Lander receipts
<br /> evidencing suoh payment witliin such time period as Lender may require. Bono�Wer's obligation to makc
<br /> such payments aud to provido reccipts sl�all Por all ��urposeg be deamed to be a covenant and agreement
<br /> conEained in this Security Instrument, as the phrase "oovenant and agreement° is used in Seotion 9. If
<br /> Borrowex is obligated to pay Escrow Iteins directly, pursuant to a waiver, and Borrower fails to pay the
<br /> �unount due for an Escrow Rem, Lender may axeroise ifs riglrts under Seotion 9 aud pay such amoun[and
<br /> I3orrower shall then be obligated under Sect�ion 9 to repay to Lender any such amount. Lender may revoke
<br /> the waivor as So any or all �scrow Items at any time by a notioe given in aocordance with Seotion 15 and,
<br /> upon such revocation, Borrower sh111 pny to Lender all Funds, and in such amouvts, that are then raquired
<br /> under this Section 3.
<br /> Lender may, at any Yime, collect and hold Funds in azi amount(a) suffici�nt to pernut Lender to apply the
<br /> Funds at 2lie time specified under RESPA, aud(b) not to exceed thc ma�cii��um amount a lender oan require
<br /> under RF?SPA. i,ender shall escimate the amount of Punds clue on the basis of currenY data and reasonabls
<br /> esYimfltes of expeaditures of future Escrow Items or otherwise iu aceordai7ce with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal ageney, instrumentality, or
<br /> eutity�(inoluding Lender, if Leuder is an iivstitution whose deposits are so insured) or in any Foderal Home
<br /> Loa�i Baidc Lender shall apply the Funds Yo pay Che Escrow Itams no later than the time speeified under
<br /> RESYA. Lender shall not oharge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender plys Borrower intarest on the Funds aud
<br /> Applicnble Law permits Lender to maka such a charge. Uulass an agreemcnt is made in writirtg oc
<br /> Applicable Law iequiies intorost Yo bc paid on the Funds, Lender shall not 6a required to pay Borrower any
<br /> interest or carnings on the Punds. Borrower and Lender c2n lgree in writing, however, that interest shall ba
<br /> plid on Ehe Funds. Lender shnll give to Borrower, without cha�ge, an annual accounting of the Funds as
<br /> renuired by RESPA.
<br /> If thera is a surplus of Funds hald in escrow, as defined under RRSYA, Londer shall accoLmt to Borrower for
<br /> the excess funds in acaordaixce with RESPA�. TFEhere is a shortage pfFnnds held in escrow, as defined under �
<br /> RESSPA, Lcnder shall notify Borrower as required by RESPA, and Borrower shall p2y to Lendar the amount
<br /> necessary to make up tha short�ga in acaord�nce with PaESPA, but in uo more than 12 monthly payments. lf
<br /> there is a deFiciency of Funds held iu escraw, as defiued under RF,SPA, Lendcr shall notify Borrower aq
<br /> zaoozasa
<br /> NE96ASKA�SIn81e Fainily�Fannle MeelFretldie Mec UNIFORM INSTRUMENT Fo�m 307.B 1101
<br /> VMP� VMPB(NE)(1706)
<br /> Wolte�s Kluwe�Flnenelal Servlcea Page 5 of 11
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