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201209483
<br /> ,Any applieation of oayinenTs, ulsurance proceeds, or Misczllaneous Proceecls to principal dne unda the Note
<br /> shall not extend or postpone the due date, or change the amowrt, of the Periodic Payments.
<br /> 3. FY�nds for Escrow Items. Borrowei shall pay to Lender oa the day Periodic Payments aze due w�der the
<br /> No[e, Lmril the Note is paid in full, a sum(the"Funds")to provide for payment of amounts due for: (a)tases
<br /> 2nd a�sessinents and other items whlch caz�attain priority over this Secudty 7nstrumenc 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 Section 5; and(d) Mortgage Insurance preiniums, if any,
<br /> or any sums payable by Borrowec to Lender in lieu of the payxnent of Mortgage Insurance premiums in
<br /> accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at
<br /> any t�ime during the tern2 of the Loan, Lender may xequire that Community Association Dues, Fees, and
<br /> Assessments, if any, be escrowed by Boaower, and such duas, fees and assessments shall be an Fscrow
<br /> ltem. Borrower shall promptly furnish to Lender all notices of amoLmts to be paid under this Seciion.
<br /> Botrow-er shall pay Lender the Funds for�;seroa�Items unless Lender waivw Borrower s obligation to pay
<br /> the Funds for any or all Esetow Icems. Lender may waive Borrowcr's obligation to pay to Lender Funds for
<br /> auy or all Escrow Iteu�s at auy time. Any such waiver may only be in writing. In the event of such w-aiver,
<br /> Borrower sha1l pay directly, when and where payable, the�ounts due for any Escrow I4ems for which
<br /> payment of Funds has been waived by L,ender and, if L.ender requires, shall furnish to Lender receipts
<br /> evidencing such payment witlnn such time period as Lender inay require. Borrower's o61iga1ion to make
<br /> such payments and to provide recaipts shall for all Furposes be deemed to be a covenant and agrecment
<br /> contained'm this Security InshutnenC, as the phrase"covenant and agreeinent" is used in Section 9. If
<br /> Borrower is obligated to pay Escrow Items directly, purs�ant to a waiver, and Rorrower Pails to pay the
<br /> aIRount due f'or an Escrow Item, Lender u�ay exercise its rights under Section 9 and pay such amount and
<br /> Borrower sl�all then be obligated under Section 9 to repay to Lender any such amount Lender maq revoke
<br /> flie waiver as to any or all Escrow Items at any time by a no#ice glvet�in aecordance with Secfion 15 and,
<br /> upon such revocation, Boaower shall pay Xo Lender all Punds, and in such amounts, that are then zequired
<br /> tmder this Secfioa 3.
<br /> Lendex may, at any time, collect and hold Funds in an amount(a) sufficient to permit Lender to apply the
<br /> Funds at thc time specified under RESP n, and (b) not to exceed the maximum amount a lender can require
<br /> under RESPA. Lcnder shall estimate the atnount of Funds due on the basis of current data and reasonable
<br /> estimates of eYpenditures of future Escrow 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, insYrmnentality, or
<br /> entity(including Lender, if Lender is an institution whose dcposits aze so insured) or in any Federal Home
<br /> Loan Bank. Lencier shall apply the Punds to pay the Escrow Iteuis no later than the riine specified under
<br /> RESPA Lender shall not ch�ge Borrowei for holding and applying the Puuds, a�wually zuialy�ing the
<br /> escioev account, or verifying the Eserow Items, unless Lendec pays Borrower interest on the Funds and
<br /> Applicable Law permits Lender to make such a chazge. Unless an a�eement is made in writing or
<br /> Applicable Law requires interest to be paid on the Funds, Lender shall not be required[o pay Borrower any
<br /> inter�t or earnings on the Funds. Borrower and Lendcr can.agee in��riting, h�wever, that in2erest shall be
<br /> p�tid on the Funds. Lender shall give to BoTrower, without chuge, an annual accountin�of the Funds as
<br /> required by RESPA.
<br /> If ffiere is a surplus of Funds held in escro�v, as defined under RESPA, Lender shall account to Borrower far
<br /> the excess funds in accordance with RESPA. If there is a shortage of Fimds held�in escrow, as defined under
<br /> RESPA, Lender shall notify Borrower as required by RESPA, and Bonower shall pay to Lender the amount
<br /> necessary to inake up the shortage in accordance with RESPA, but in no more than I2 monthly payments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> saaozris
<br /> NEBRASKASingle Family-Fannfe MaslFreddie Mac UMFOHlA INSTRUp.q pJT Form 3028 1i01
<br /> VIdP� VMP"a(NE)(1105)
<br /> Nlolters Kluwer Financial Services Page5 o€1]
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