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201210954
<br /> [1ny a�pplication of payments, inst�rance proceede,�or Miscell�ueotts Proceede to prinoipal dne midor fhe Note
<br /> ehall noY extend or postipona the due date, or ehange the amount, of tho !'eriodic Payments.
<br /> 3. Piuidn f'or�scrow Iteme. Borrower ahnll pny to Lender on thc clay Vcrindic Payinents are due under the
<br /> Notq w�Hl tho Note i� paid in full, a suui(the "Fmids") to provide for paymcnit c3f amounts dua f'or: (a) taaces
<br /> fuid assesements and otLer iteni� which can attain prioritsr over Uiis Seourity InsEruineni� ae a licn or
<br /> encmnUrauce on the Property; (b) leasehold pnyinenCs or ground rents on the Property, if any; (c)premiums
<br /> for any and a1I insurance required by Lender under Section 5; ¢nd(d)Mortgago hisurance premiWuis, if any,
<br /> or any sume payablc by Sorrower to l.ende� in lieu of tihe pa�yment of Mortgage Insur�nco premiums in
<br /> aceordnnce with the provisiona oP Sectinn 10. 7'hosc iterny are called "L�scrow Items." At origination or at_
<br /> any tiine during tl�e term of the Loan, Lender may�equire fhat Communitg Association Dues, Fees, �uid
<br /> Aescssmentsy if any, Ue escrowed Uy 73orrower, aud such dues, fees aixd asseaamenCs ahall be an Lscrow
<br /> Item. IIorrower shall promptly furnish to Lender a11 notices of amomrts to be ptiid under tlus Seclion.
<br /> Barrower shall pny Leuder tlie runds Por�scrow ICe�ns unlcss Lcnder waives Rorrower's obligation to pay
<br /> the Funds for any or all Eserow TYeans. Lender may wnive Borrower's obligaHon to pay to T.ender�'unds For
<br /> any or all �scrow ftems at anp trme. Any stiich waiver inay ouly be in writing. In khe event of such waiver,
<br /> Borrower shall pay clirecCly, when and whero pay�blc, tl�o amounts tlue for any L�scrow Items for which
<br /> payment of Funds has been waived by Leuder aud, if Lender requires, sha11 furnish to I,eader recaipts
<br /> evidencin�;such payment within such tiine period as Lender may z•equire. Borrower's o6ligation tn m�ko
<br /> suchpaymeiits and t��pr�vidc rcccipts shall for a11 purposes be deemed to be a covenant and �greement
<br /> contained in thie Security H�slrument, as the phraso"covenant and agree�nent" is used in Seetiou 9. If
<br /> Borrower is obligaYed to pay Eecrow Items directly, purauanC Co a waivor, and Rorrower fails to pay flie
<br /> amowit dua Por�i Sscrow Item, Lender ma�+exercise its rights under SeoHon 9 and pay sucli a�nounC ai7cl
<br /> Borrowcr ehall tkieu Ue obligated mider Section 9 to repay to Lender any such attnount. Lender may revoke
<br /> Che waiver ns W any or all L+ecrow Itome �t any Limc by a uoNce given in accosdat�ce with Seotion 15 and,
<br /> upon such revocaYion, Borrower shall pay to Lender nll I+unda, anc{in suoh��iounts, that are theu required
<br /> wider this Section 3.
<br /> Lendor may, at any time, collecf�nd hold Funds in an amounti(a) su'Pfioient Yo permit Lendex to npply the
<br /> P'imcis at the time s�aeoified under RESPA, anci(b)not to excecd thc i7�aximuin amount a lender can require
<br /> under RESPA. Lender ehnll estimake the nmount of runds due on[he basis of ciurent data and re�sonaUle
<br /> oetiirnates af oxpcnditures of fuYuro I�scn�>w Itemn or otherwise in accordance with ApplicaUle Law.
<br /> The FLmde s1�e11 Ue held in au inetitution whose deposits ara insured by a fadaral �gency, inatxumentality, ox
<br /> ontity (iucluding Lendor, if Lendcr is at� ivFCitution wl�ose<4eposits are so insured}or iu uiy Fedecal Homa
<br /> Loan Bfu�k. Lender shnll npply the Pnnds to p�ty the L�scrotv ICEws xio IaCer thari the time spec ified under
<br /> RESPA. Lender shall uot chu•ge Borrower f'or holding end npplying the Futids, nmivally nn�lyzing tkie
<br /> escrow acc:oui�t, or varifying the Eacrow ifoms, unless Le��der pays f3orrower inT�eresti on the Funds aaid
<br /> Applicable Law pennita Lender [o malte such a charge. Unless an agreeivont is mado in writing or
<br /> Applicable Law raquires intorest to be paid on the Funde, Lender ehall noE be required to pay Bon�owec any
<br /> interest or earniixgs oz1 th��unds. Rorrower and],ender can agree in writing, however, Chat interest shall be
<br /> paid on Uie Funde, Lender shall give to Bon�ower, withouC chargo, an annua1 acoounting of t1ie Puaids as
<br /> required Uy RESPA.
<br /> I�f there i� a snrplus of Funda held it�eseirow, aF deflned under RESPA, Lcndoe sha11 accouut to Borrower for
<br /> the exoeas funds in accordance with RESPA. IF there is a ahortage of ruuda held in esorow, as dofineci tmdcr
<br /> ILESPA, Lender shall notif'y Borrower as required by RCSPA, 1nd Borrower ehnll pay to Lender the amount
<br /> ilecessary to ma1ce up tho sl�ortage in accordanco witli R�;SYA, but in no inore than 12 inonthly payinents. If
<br /> Chere is a deficiency oP Tunds held in escrow, as defined under RLSPA, Lender sl�all noSify Borrower ac
<br /> 2aaoataa
<br /> NE6RASKA-Single Family-Pannle FAaelGreatlle Mac ONIF6RM INSTR061ENT Form 302b 1/07
<br /> VMPp VMP6(NE)(11061
<br /> Wollers Kluwer Flnnnclal Services �aAe 5 ot 17
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