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201210487
<br /> Any application oP payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> shall not extend or postpone the due date, or change[he amount, of[he Periodic Payments.
<br /> 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br /> No[e, until the Note is paid in full, a sum(the "Funds")to provide for payment of amounts due for: (a)taxes
<br /> and assessments and other items which can attain priori[y over this Security Instrument as a lien or
<br /> encumbrance on the Property; (b) leasehold payments or ground ren[s on the Property, if any; (c)premiums
<br /> for any and all insurance required by Lender under Section 5; and(d) Mortgage Insurance premiums, if any,
<br /> or any sums payable by Borrower to I.ender in lieu of the payment of Mortgage Insurance premiums in
<br /> accordance with t6e provisions of Section 10. These items aze called "Escrow Items." At origination or at
<br /> any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and
<br /> Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow
<br /> Item. Borrower shall promptly furnish ro Lender all notices of amouuts to be paid under[his Section.
<br /> Borrower shall pay Lender[he Funds for Fscrow Items unless I.ender waives Borrower's obligazion to pay
<br /> the Funds for any or all Escrow I[ems. Lender may waive Borrower's obligation ro pay to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br /> Borrower shall pay dire�tly, when and where payable, [he amoun[s due for any Escrow Items for which
<br /> payment of Funds has been waived by Lender and, if Lender requires, shall fumish to Lender receipts
<br /> evidencing such payment within such time period as Lznder tnay require. Borrower's obligation 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 Instrument, as the p6rase "covenant and agr�ment" is used in Section 9. If
<br /> Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br /> amoun[due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br /> Bottower shall then 6e obligated under Section 9 to repay to Lender any such amount. Lender may revoke
<br /> the waiver as to any or all Fsctow Items at any time by a notice given in accordance with Section IS and,
<br /> upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that aze then required
<br /> under this Section 3.
<br /> Lender may, at any time, c;ollect and hold Funds in an amount(a)sufficient to permit Lender[o apply the
<br /> Funds at the time specified under RESPA, and(b)not to exc�d the maximum amount a lender can require
<br /> under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable
<br /> estimates of expendi[ures of funue Escrow Iteros or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits ue insure�by a Federal agency, insuumentality, or
<br /> entity (including Lender, if I.ender is an institution whose deposits are so insured)or in any Federal Home
<br /> Loan Bank. Lender s6all apply the Funds to pay the Escrow Items no later than the time specified under
<br /> RESPA. Lender shall not charge Borrower for holding and applying the Funds, amually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and
<br /> Applicable Law pertnits Lender to make such a charge. Unless an agreement is made in writing or
<br /> Applicable Law requires in[erest to be paid on[he Funds, I.ender shall not be required W pay Borrower any
<br /> irneres[or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be
<br /> paid on the Funds. Lender shall give to Borrower, without chazge, an annual accourning of the 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 Borrower for
<br /> the excess funds in accordance with RFSPA. If there is a shor[age of Funds held in escrow, as defined under
<br /> RESPA, Lender shall notify Borrower as required by RFSPA, and Borrower shall pay to Lender[he amount
<br /> necessary to make up[he shortage in accordance with RESPA, but in no more thsn 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-Sirgle Family-Fannie Maeffretltlie Mac UNIFORM INSTRUMENT Form 3028 1l01
<br /> VMP 0 VMP61NE111105).00
<br /> Woflers Nluwer Finanaal$ervices PaBe 5 of 1]
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