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201210951
<br /> Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> Shall not extend ox poslpone the due date, or chan�e the amount, o€the Periodic Payments_
<br /> 3. Funds for�scrow Stems. Borrower shall pay to Lender on the day Periodic Pa}�ents aze due under the
<br /> N`ote, unhl the Note is paid in full, a sutn(the "Bunds") to provide far payment of auiounts due for: (a)tases
<br /> and assessments and other items which can attain priority over tlus Secwity Instrument as a lien or
<br /> encuxnbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (e)premiuuis
<br /> for any and all insurance rcquired bp Lender 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 paemiums in
<br /> accordance with chc provisions of Secuon 10. These item5 are called"Escrow Items." At ori�ina#ion or at
<br /> any tune during the ierm of fhe L.oan, Lender ma�require that CozuuiLuiity Association Dues, Fees, and
<br /> Assessmeuts, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow
<br /> Item Borrower shall promptly furnish to I ender all notices oPainounts to be paid under this Section.
<br /> Borrower shctll pay Lender the Funds for Escrow Items unless Lender waives Borrower s obligapon to pay
<br /> the Funds for any or all Escrow Items. L.c��dee maq waive Bonowex's obligation to pay to Lendex Funds for
<br /> any or all Escrow Items at any tixne. Any sucli waiver may only be in writiing. In the ecent of such waiver,
<br /> Borrower shall pap duectly, when and wh�re payable, the amounts due for any Fscrow Items for whlch
<br /> payrnent of Punds has been waived by I,ender and, if Lender requires, shall furnish to Lender receipts
<br /> evidencing such payment�vithin such tiinc period as Lender may requue. Borrower's obligafion to make
<br /> such payuieiits and to provide r�eipts shall for all purposes be deeincd to be a covenant and ageement
<br /> contained in this Security Instrument, as the phrase"covenant and agreemenY' is used in Section 9. If
<br /> $prrower is obligated 4o yay Escrqw Items dlrectly, pursuaz�.t to a waivr.r, and Borrower fails to pay the
<br /> amount due for an Escrow Item, Lenda may exerctse its cights under Sectaon 9 and pay such amount and
<br /> Borrower sliall tUen Ue obligated imd0r Secrion 9 to xepay to Lender any such ampunt. Lender may revoke
<br /> th�waiver as to any or a11 Eserow Items at any time by a notiee given in aeeoidance with Seckion t5 and,
<br /> upon such revocation, Borrower shall pay to Lender all Funds, and in such amourns, that are then required
<br /> undes$iis Section 3.
<br /> Lender tnay, at any time, collect and hold Funds in ui amount(a) sufficienT to pernut Lender to apply the
<br /> Punds at the time specified w�dcr RESPA; and(b) not to exceed the maYimmn amoLmt a lender can require
<br /> under RPSPA. Lender shall est�nate the�noimt of Funds due on fl�e basis of cutrent data and reasonal�le
<br /> estimates of expendihues of future Escrow Items ox otherwise m aceordance wit11 Applicable Law.
<br /> The Fimds shall be held in an institution whose deposits are insured by a federal agencry, instnunentality, or
<br /> entity(ineluding Lender, if Lender is an insuturinn whose deposits are so insured) or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funcls to pay the Escrow Items no later than the time specified under
<br /> RESP?,. Lender shall not charge Borro�vcr for holding and applying the Funds, annually analyzing tlie
<br /> escrow account, or vcn�fying the Escrow ite�ns, unless Lender pays Y3orrower interest on flic Fimds and
<br /> Applicable taw permifs Lender to make such a charge_ Unless an agreement is mada in writing ox
<br /> Applicable Iaw requires interes�t to be paid on tl�e Funds, Lender shall noY be required to pay Bosower any
<br /> interest ar earnings on the Punds. 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 acco�uiting�f the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as defined undcr 12ESP.4, Lender shall account to Borro��er for
<br /> the excess f'unds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br /> RESPA, Lender shall nofify Borrower as requixed by RESPA, and Bprrowei shall pay to Lendex[he amount
<br /> necessary to make up the shortage in aecordance with RESPA, but in no moxe than 12 monChly payments. If
<br /> there is a deficiency of Funds held in escrow, as defmad under RESPA, Lender shall notify Borrower as
<br /> zaaoa�n
<br /> NEBRASKA-Single Femlty-Fannie Mee/Retldie Mac UNIFORM INSTRUMENT Form 3028 11�1
<br /> VMP� VMP6(NE)(1'105)
<br /> R�olters Kluwer Financizl Services PageS of 1]
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