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201208302
<br /> Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> shall not ex[end or postpone the due date, or change the amount, of the Periodic Payments.
<br /> 3. Funds for Fscrow Items. Borrower shall pay to Lender 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)taxes
<br /> and assessments and other items which can attain priority over this Security Insuument as a lien or
<br /> encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c)premiums
<br /> for any and all insurance required by Lender under Se�tion 5; and(d) Mortgage Insurance premiwns, if any,
<br /> or any sums payable by Borrower to L,ender in lieu of the payment of Mortgage Insurance premiums in
<br /> accordance with the pmvisions of Section 10. These items aze called "Escrow Items." At origination or at
<br /> any time during the term of the Loan, Lender may require that Coromunity Association Dues, Fees, and
<br /> Assessments, if any, be escrowed by Bottower, and such dues, fees and assessments shall be an Escrow
<br /> Item. Borrower shall promptly fumish to Lender all notices of amounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escrow Items wiless 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 Iznder Funds for
<br /> any or all Escrow Items at any time. My such waiver may only be in writing. In the event of such waiver,
<br /> Borrower shall pay directly, when and where payable, the amounts due for any Escmw 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 Lender may require. Borrower's obligation to make
<br /> such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement
<br /> comained in this Security Instrnment, as the phrase "covenan[and agreement" is used in Section 9. If
<br /> Borrowet is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br /> amount due For an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br /> Borrower shall then be obligated under Se�tion 9 to repay to I.ender 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 revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br /> under this Section 3.
<br /> Lender may, at any time, collect and hold Funds in an amount(a) su�cient to permit Lznder to apply the
<br /> Funds at the time specified under RESPA, and (b)not to exceed the maximum amount a lender can require
<br /> under RESPA. Lender shall es[imate the amount of Funds due on the basis of curtenk data and reasonable
<br /> estimates of expenditures of future Escrow Items or otherwise in accordance wi[h Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are insur�by a f�eral agency, inshumentality, or
<br /> en[ity(including Lender, if Lender is an institution whose deposi[s are so insured)or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds to pay the Escmw Items no later than the time specified undet
<br /> RFSPA. I.ender shall not charge Borrower for holding and applying the Funds, amually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and
<br /> Applica6le Law petmits Lender to make such a cLarge. Unless an agreement is made in writing or
<br /> Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> imerest or earnings on the Funds. Borrower and L,ender can agree in writing, however, that interest shall6e
<br /> paid on the Funds. Lender shall give to Borrowa, without charge, an annual accounting of the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escmw, as defined under RESPA, Lender shall accourn to Borrower for
<br /> the excess funds in ac�rdance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br /> RESPA, Lender shall notify Borrower as required by RFSPA, and Botrower sttall pay ro Lender the amount
<br /> necessary to make up the shortage in accordance with RFSPA, but in no more than 12 monttily payments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender s6a11 norify Borrower as
<br /> NEBFASKA-Single Family-fennia Mee/Fratltlla Mac UNIFOFM INSTPUMEPfT Form 3028 1/01
<br /> VMP� yry�Pg�NE�111051.00
<br /> Wolters Kluwer Flnanciel5ervices Paga 6 oi i7
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