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201209558
<br /> Any application of payments, insurance proceeds, or ivliscellaneous Proceeds to principal due under the Note
<br /> siiall not estend or postpone the due date, or change the amount, of the Periodic Payments.
<br /> 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Papnents are due under the
<br /> Note, until the�Iote is paid in full, a sum(the"Funds")to provide for payment of amounts dixe for: (a) t�es
<br /> and assessmeirts and other items which can attain priority over this Security Instrumenc as a lien or
<br /> encumbrance on The Properiy; (b) leasehold payments or gound rent5 on the Property, if any; (c)premiwns
<br /> £or any�uzd all insurance required by Lender under Section 5; and(d)Mortgagz Insurance premiums, if any,
<br /> or any sums paya.ble by Borrower to Lender in lieu of the payment of Mortgage Iusurance pretniums in
<br /> accordanee with the provlsions of Section 10. These iCem.s aze called"Escrow Items." At origination or at
<br /> any tane during the tenn o£the Loan, Lender maq requice thaY Community Association Dues, Fees, and
<br /> Assessments, if any, be escrowed by BozroRrea, and such dues, £ees and aSsesswents shall be an Escrow
<br /> Item Borrower shall promptly furnish to Lender all norices of amounts to be paid under this Section.
<br /> Borro��er shall pay Lender the Funds for Escrow Items unIess Lender waives Borrower's obligation to pay
<br /> flie Funds for any or al1 Escrow Itetns. Lendex may waivc Borrower's obligation to pay to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waiver may only Ue in.u�riting. In the event of such�vaiver,
<br /> Borrower shall pay directly, when and where payabla, the amounts due for any Esczo�v Items for which
<br /> payment of Funds has been waived by I,ender and, if Lender requires, shall furnish to Lcnder receipts
<br /> evidencing such payment within such time period as Lendcr inay require. Borrowei s obligation t�make
<br /> such payments and to umvide receipts shall for all pwyoses be deemed to be a covenant and agreement
<br /> contaazned in this Security Instnunent, as the pl�rase"covenant and aa ccmenY' is used in Section 9. If
<br /> Borrowes is obligated to pay Pscrow Iteins direefly, pucsuant to a waiver, and Borrower fails to pay the
<br /> amount due£or an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br /> Borrower shall then be obligated under Section 9 to repay ta Lender any such amount. Lendex may revoke
<br /> the waiver as to any or all�scrow Items at any time by a notiee given in accrndance wikh Section 15 and,
<br /> upon such revocation, Borrower shall pay to Lender all Punds, and in such ainowits, that are then required
<br /> imder this Seeflon 3,
<br /> Lender may, at az�y rime, collecY and finld Funds in an amount(a) s'afficie�t to permit Lender to apply the
<br /> Funds at the time specified under RE$P9, and(b)not to exceed[he maYimwn amount a lender can require
<br /> under R�SPA Lender shall estimate the amount of Funds due on the basis of curre�t data and reasonable
<br /> estunates af expenditures of future Fscrow Items or othcrwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose dep�sits aze insured by a federal agency, instrumentaliry, or
<br /> entity(including Lender, if Lender is an institufion whose deposits are so inswed) or in any Federal Home
<br /> Loan Bank. I,endez shall apply the Funds to pay the Escxow Items no later than the fime specifi€d undes
<br /> RESPA Lender ehall not charge Borrower for holding tind applyiug thc Funds, annually analyzing the
<br /> escrow account, oz v�ifying the Escrow Items, twless L�nder pays Borrower interest on Ehe Fimds and
<br /> Applicable La�v pennits Lender to make such a charge. Unless an agreement 'v,made in writing or
<br /> Applicable Law reauires interest to be paid on Lhe Funds, Leudcr shall not be required to pay Borrower any
<br /> interest or earnivgs on flie Funds. Borrower and Lender cau ar,�'ee in writing, however, that interest xhall be
<br /> paid on the Funds. Lender shall give to Borrower, without ctiargc, an annual accounting of the Funds as
<br /> requued by KESPA.
<br /> If there is a smpluS of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br /> the excess funds in accordance�vith RESP9. If there is a shortagc of Funds held in escrow, as defined under
<br /> RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amourn
<br /> nccessary to makc up flic shortage in accordance with.RESPA, but in no more than 12 monthly paymen[s. lY
<br /> there is 2 deficiency of FUnds h€ld in escrow, as defined under RESPA, Lender shall notflfy Barrower as
<br /> zaoaz�s�
<br /> NFBRASKA-Single Family-Fannie�fi aelFredCie M ac UNIFORhf INSTRUNI ENT Porm 3o2a ilot
<br /> VMP� VNIP6(N�(1�05)
<br /> 4Voltera Kfuw ar Fiaancial Services Page 5 of 1]
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