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201209436
<br /> My application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> shall no[ extend or postpone the due date, or change the amoun[, of[he Periodic Payments.
<br /> 3. �nds for Escrow Items. Borrower shall pay m Lender on the day Periodic Payments aze 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) [azes
<br /> and assessments and other items which can attain priority over this Security Instnunen[ as a lien or
<br /> encum6rance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c)premiums
<br /> for any and all insurance required by L.ender under Section 5; and(d) Mortgage Insurance premiums, if any,
<br /> or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiwns in
<br /> accordance with the provisions of Section 10. These items aze called "Escrow Items." At origination or at
<br /> any time during the term of the Loan, L.ender may require[hat Communiry Association Dues, Fees, and
<br /> Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Fscrow
<br /> Item. Borrower shall prompfly fumish to Lender all notices of amounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escrow Items unless 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 Lender Funds For
<br /> any or all Escrow Items at any time. My such waiver tnay only be in writing. In the event of such waiver,
<br /> Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br /> payment of Funds has been waived by Lender and, if Lender rec{uires, shall fumish to Lender receipts
<br /> evidencing such payment within such time period as Lender may require. Borrower's obligadon to make
<br /> such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement
<br /> contained in this Security Ins[rument, as the phrase "covenant and agreement" is used in Section 9. If
<br /> Borrower is obligazed to pay Escrow Items d'uectly, pursuant to a waiver, and Borrower fails to pay the
<br /> amount due for an Escrow Item, Lender may exercise i[s rights under Section 9 and pay such amount and
<br /> Borrower shall then be obligated under Section 9 to repay to L.ender any such amount. Lender may revoke
<br /> the waiver as[o any or all Fscrow Items az any tune by a notice given in accordance with Se�tion 15 and,
<br /> upon such revocation, Borrower shall pay ro Lender all Funds, and in such amounts, that aze then required
<br /> under this Section 3.
<br /> L,ender may, at any[ime, collec[and hold Funds in an amoun[ (a) sufficien[to pertnit Lender to apply the
<br /> Funds at the time specified under RESPA, and(b)not ro exceed the ma�cimum amount a lender can require
<br /> under RESPA. Lender shall estimate the amount of Funds due on the basis of cuaent data and reasonable
<br /> estimates of expendinues of future Fscrow Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, insuumentality, or
<br /> entity (including L.ender, if Lender is an institution whose deposits are so insured)or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under
<br /> RESPA. Lender shall not chazge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on[he Funds and
<br /> Applicable Iaw permits Lender to make such a charge. Unless an agreement is made in writing or
<br /> Applicable L.aw requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> interest or earnings on the Funds. Borrower and I.ender can agree in writing, however, that interest shall be
<br /> paid on the Funds. Lender shall give to Borrower, without chazge, an annual accounting of the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as defined uoder RFSPA, Lender shall account to Borrower for
<br /> the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defm�under
<br /> RESPA, Lender shall no[ify Bonower as required by RESPA, and Borrower shall pay to L,ender the amount
<br /> necessary to make up the shortage in accordance with RESPA, 6ut in no more than 12 montlily payments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> NEBRASKA-Singls Family-Fannie MaelFretltlie Mec 11NIFOFM INSTHIIMENT Form 3028 1/pt
<br /> y�p� VMP6(NE1111051.00
<br /> Walters Kluwer Financial Services PaBe b of 1]
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