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201208476
<br /> Any applicahion of paymenTs, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> s1�a11 not extend or posipone the due date, or change the amount, of the Periodic Payinents.
<br /> 3. Funds for Escrow Items. I3orro�ver shall pay to Lender on the day Periodic Payinents are due under the
<br /> Note, imtil the Note is paid'ui full, a sum(the"Fuuds") to provide for payment of am�unts due foa: (a)tases
<br /> and assessments and other items which can attain priorify over this Security Instrument as a lien or
<br /> encurnbrance on the Property; (b) leasehold payments or g-ound rents on the Property, if any, (c)premiums
<br /> Fo-any and all insurance requ'ued by Lender under Section 5; and(d)Mortgage Insurance premiuins, if any,
<br /> or any sRm�s payable 6y Borrower to Lender in lieu of thc pa}�nent of Mortgage InsLuance premiwns in
<br /> accordance with the provisions of Secrion 10. These itans aze called"Escrow Items." At origmation or at
<br /> any time during the tenn of tlie Loan, Lender may require that Community Association Dues, I ees, and
<br /> Assesswents, if any, be escrowcd Uy Borro�x�er, and such ducs, fees and assessmems shatl be an Escrow
<br /> IYean Borrower shall promptly fiunish to Lender all notiees of amounts to be paid undec this Section.
<br /> Borrower shall pay Lender the Funds for Escrow Items unless Lender waices Borrower s obligarion to pay
<br /> the Funds for any or all�scrow Items. Lendea may waive Borrower's obligaflon to pay to Lender Fimds for
<br /> any or all Escrow Items at an}=time. Airy such waiver ma.y only be in writing. In the event of such waiver,
<br /> Horrower shall pay directly, when and wheze payable, the amounts due for any Escrow Items fox which
<br /> payment of FLuids has been ix�aived by Lender and, if Lcnder requires, shall fiunish to Lender receipts
<br /> evidencing such payment within such tune period as Lender inay require. Bonower's obligatior_to make
<br /> such payments and to provide receipts shall for all pLuposes be deemed to be a wvenant and ageement
<br /> contained'ut thic Security insirument, as the plir�e"covena.nt and agrecment'" is used m Section 9. If
<br /> Borrower is obligated to pay Escrow Items clirecfly, pursuant to a waiver, and Borrowzr fails xo pay the
<br /> 8ll7ount due for an Escro�✓ [tem, Lender may exercise its rights under Section 9 and pay sucli amount and
<br /> Borrower shall then be obligated Luider Section 9 to repay to Lender any such atnount. Lendes may revoke
<br /> the waiver as to any or 3ll EScrow Ttems at any time by a uotice given in accordance with Section 15 and,
<br /> upon such revocarion, Borrower shall pay to Lenda all Funds, and in such amounts, that are then rcquired
<br /> under flus Section 3.
<br /> Lender may, at any time, collecC and hold Funds in an amo�ant(a) sufEeiOut W permit Lender 2o apply the
<br /> Funds at the t'vne speeified imder �2ESPA, and(b)not w e;cceed the mazimum amount a lender can require
<br /> urder RESPP_. Lender shall estunate the amount of Funds due on ihe hasis of current data and reasonable
<br /> estiinates of expendiiurres o�future Escrow IYems or otherwise in accordaace with Applieahfe Law.
<br /> The Funds shall be held in an ulsiitution whose deposits aze insured by a federal agency, instrumenzality, or
<br /> enfity(includina Lende�, if Lender is an inafitution whose deposits are so insured) or in any Federal Home
<br /> Loan&wk. Lender shall apply the FLmds to pay the Esctow Items no later than the tune specified undex
<br /> RESPA. Lencier shall not charge Borrower for holding and ayylying the Funds, annually analyzing the
<br /> escrow account, or verifying the Lscrow Items, unless I,ender pays Borrower interest on the Funds and
<br /> Applicable Law permits Lender to malce such a charge. Unless an agreeinent is made in writing or
<br /> Applicablc Laiv requires intereSt to be paid on the Funcis, Lender s1�a11 not be required to pay Borrower any
<br /> interest or eamiug� on the F unds. Borrower and Lender can agree in writing however, khat interest s6a11 be
<br /> paid on the Funds. Lender shaii give to Borrower, without chargc, an annual accounting of the Funds as
<br /> zequired by RFSPA.
<br /> If there is a surplus of Funds held in escrow; as defined under RESPA, Lender shal] account to Borxower for
<br /> the exeess Cunds in accordance with RESPA. If there is a shorta�e of Funds held in escrow; as defined under
<br /> RESPA, Lender shall notify Borrower as xequixed by RLSPA, and Borrower shall pay to Lender the amount
<br /> necessary to make up the she�rtage in accordance with ItESPA, but in no more than 12 monthly payments. If
<br /> there is a deficiency of Fund3 held in es��tow, as defined undea RESPA, Lendex shall notify Borsowes as
<br /> zaoazaio
<br /> NEBWISKA-Single Family-Fannie MaelFreaoix Mac UNIPORM INSTRUMENT Fortn 3028 1f01
<br /> VM P� VM PGM�)(11�5)
<br /> VJoiters Kluwu Fnancial Services Paoe 5 of i]
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