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<br /> Any application of payments, insurance proceeds, or MiscelIaneous Procccds to piincipal due under the�Iote
<br /> sF�all not extend or postpone the due date, or ch�ge the amount, of the Periodic Payments.
<br /> 3. Funds for Escrow Items. Boaower shall paq Co Lender on the daq Periodic Payments aze due under the
<br /> Note, until the Note is paid in full, a sum(the"Punds") to provide for payinent of amounts due for: (a)tases
<br /> and assessments and other items which can attain priarity o�rer tlus Security InstrL¢nent as a lien or
<br /> encumbxance on the Properry; (b) leasahold payments or�ound xents an the Property, if any; (c)preini�nnc
<br /> for any and all insurance required by I.ender under Seefion 5; and(d)Mortgage lnsivance premiwns, if any,
<br /> or auy swns payable by Borrower to Lender in lieu of th0 payment of Mortgage Insurance premiiuns in
<br /> accordancc with the provisions of Sec�on 10. These items aze calied"F,scrow Items." At arigina6on or at
<br /> any time during the term of the Loan, Lendex may require that Communiry Association Ducs, Fees, and
<br /> Assessments, if any, be cscrowed by Borrower, and such dues, fees and assessments shall be an Escrow
<br /> Item. Boriower shall promptly fisnish to Lender all nafices of amoiuits to be paid under this Section.
<br /> Borrower shall pay Lender the Funds fox Escrow Items unless Lender waives Borrower's obligation to pay
<br /> fhe Funds for any or all Escrow Items. I ender may waive Borrower's obligarion to pay to Lender Funds for
<br /> any or all Escrow Iteins at any rime. Any such waiver may only be in writing. In the event of such waiver,
<br /> Borrower shall pay d'ueetly, when and where payable, the ainpnnts due for any Escxow Ifems for which
<br /> payment of Funds has been waived by Lender and, if Lender requires, sha11 furnish to Lender receipts
<br /> evidencing such payment zvithin such time period as Lender may ruluire. Borrower's obligation to make
<br /> such payments and to provide receipCs shall Por all purposes be deemcd to Ue a covenant and agreement
<br /> contained 3a this Secinity Instrument, as the phrase"covenant and agxeement" is uaed in SeCtion 9. If
<br /> Boxrower is obliga1ed to pay Escrow Items clirecfly, pursuant to a waiva, and Borrower fails Tq pay tlie
<br /> amourrt due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br /> Bonower shall fhen be obligated under Section 9 to repay to Lender any such amoLurt. Lender may revoke
<br /> the waivec as to any or all Escrow Items at any uine by a notice given in accordance�uith Section 15 and,
<br /> upon sucli revocation, Borrower shal]pay to Lender al�Funds, aaid in such amounts, that aze then required
<br /> under this Section 3.
<br /> Lender may, at any tune, collect and hold Funds in an amoimt(a) sufficient to pennit Lender to apply the
<br /> Funds at the time specified under RESPA, and(b) not to exceed the sn�imum amount a lender can require
<br /> under RESPA. Lender shall cstimatc flie amount of Funds due on the basis of curreut daYa and reasonable
<br /> estnnates of expenditures ef future Escrow Items or otherwise in accordance with ApplicaUle Law.
<br /> The Funds shall be held'm an institution whose deposits aze insured by a federal agency, instrumentality, or
<br /> entity(including Lcnder, if Lcndcr is an institution whose deposits are so insured) or in any Federal E3ome
<br /> Loan Bank. Lender Shall apply the Funds to paY�e EScrow Itetns no laCer than the tune specified under
<br /> RESPA.. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender pays Borroa�er interest on the Punds and
<br /> Applicable Law permits Lender to make such a charge. Unless an ageeinent is made iii wriring or
<br /> Applicable Law rzquires interest to be paid on the Funds, Lender shall not be required to pay I3orrower any
<br /> interest or e�mings on The Fuvds_ Borlower and Lender can as,*ree in writing, howevex, that intexesC shall be
<br /> paid on the Funds. Lender shall o�'va to Borrower, without charge, an annual accounting of thc Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Bonower Por
<br /> the excess funds in accordance with R�SPA. If there is a shor[agc of Fw�ds held in escrow, as defined under
<br /> RESPA, Lender shall notify Barrower as required by RESPA, and Borrower shall pay to Lender the amourn
<br /> necessary to make up the shortage in accnrdance with RESPA; but in no more than 12 monthly payments. If
<br /> there i�a deficiency of Punds held in escrow, as defined under RLSPA, Lender shall notify Borrov✓er as
<br /> 240D2�32
<br /> NEBRASKA-Single Famity-Fannieldaelfreddie Mac ONIFOR�d INSTRUNENT Foon 3028 V01
<br /> Vbl P(� V M11 P6(NE)(1105)
<br /> VJolte:s Kluw e�Financial Services Page 5 of i l
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