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201211196
<br /> Any applica[ion of payments, insurance proceeds, or Miscellaneous Proceeds to pxincipai due under the Note
<br /> st�all not extend or postpone the due date, or ck:ann=e the amount, of the Periodic Payments.
<br /> 3. Funds for Escrow Items. Borrower sha11 pay to Lender on the day Periodic Payments aze due under the
<br /> Note, until Yhe Note is paid in fixl1, a sum(the"FLmds")to pxovide for paymenf of amounts due for: (a) taxes
<br /> and assessments and otker items which can attain priQrity over flu$ $ecprity Insh-ument as a lien or
<br /> encumbrance on the Properiy; (b) leasehold payment5 or ground rents on the Property, if any; (c)premitwis
<br /> for any and all insurance rcquired by I.ender Luider Section.5; and(d)Mortnage Insurance premiLuns, if any,
<br /> or any sums payable by Borrower to Lender in lieu of fhe payment of Mortgage Insurance premiums in
<br /> accordanc,e with the provisions of Section 10. These items aze called"Escrow It�ns." At ari�nation or at
<br /> anq time during the tenn of the Loan, Lender may requue that Commcmity Association Dues, Fees; and
<br /> Assessinents, if any, be escrowed Uy Borrower, and such dues, fees and assessments shall be an Escro�v
<br /> Itein. Borrower shall promptly fumish fo Lender all notices of amounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escrow[tems unless Lender waives Borrower's obligation to pay
<br /> tlie Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waiver may only be in writing. In the eveat of such waiver,
<br /> Borrower shall pay direcfly, wihen ancl where payable, the amounta due for any Escrow Items for which
<br /> payment of Fnnds has been waived by Lender and, if Lender requires, shall fiuni�h to Lender receipts
<br /> evidencing such payment within such time period as Lender may require. Borrower's obligarion io make
<br /> such payinents and to provide receipts shall for all purposes 6e deemed to be a wvznant and agreement
<br /> contained in this Sccuriry Instrument as die phrase "covenant and agrecmenf" is used in Section 9. If
<br /> Bonower is obligated to pay Escrow Items direcflq, pursuai�t to a waiver, and Borrower fails to pay the
<br /> amount due for an Escrow Iteu�; Lender may exercise its rights undcr Section 9 and pay such amount and
<br /> Borrowex shall then be obligated under Section 9 to repay to Lender any such.amounL Lender may revoke
<br /> the waiver as to any or all Escrow Items at any time by a notice gven in accordance anth Section 15 and,
<br /> upon such revocation, Borrower shall pay to Lender all Funds, and�in such axnounts, that aze then reqiured �
<br /> under this Section 3.
<br /> Lender may, at any time, collect and hold F�uids in an amount(a) sufficient to permit Lender to apply the
<br /> Funds at the time specified under RESPA, and (b) not to exceed the ina4iinum amount a lender can require
<br /> under RESPA. Lender shali estunate the ainount of I unds due on the basis of current data and reasonable
<br /> estimates of�penditures of future Escrow Iteins or otherwise in accordance with Applicable Law.
<br /> The Fmids sha11 be held in an institution whose deposits aze insured by a federal agency, instrumentality, or
<br /> ennty(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home
<br /> Loan Bank. Lender sha11 apply the Bunds to pay the Esciow Items no]aCer than the fime 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 Ilemc, unless Lender pays Borrower interest on the Punds and
<br /> Applicable Law pernuts Lender to make such a charge. Unless an agreement is made in writing or
<br /> Applicable Law requires interest to be paid on lhe�Funds, Lender shall not be required to pay Borrower any
<br /> interest or eanrings on the Funds. Borrower and Lender can agree in wxiting, however; that interest shall be
<br /> paid on 2he Funds. Lender shall�ive to Borrower, without charge, an annual accounting of the Punds as
<br /> required by RESPP.
<br /> If there is a surplus of Funds held ia escrow, as deflaed imder RESPA, Lender shall account to�3orrower for
<br /> the excess funds in accordance wlth RESPA If th�e is a shortaga 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 amount
<br /> necessary to makz up the shartage in accordance with RESPA, but in no more fl�an 12 monthly payments. If
<br /> there is a deficiency of FLmds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> zaocszsi
<br /> NEBRASKASingle Famity-Fannie 61 ae/Fretldie M ac UNIPORM INSTRUM ENT Form 3020 1/01
<br /> VMPQ � VMP6(NE)(110fi)
<br /> W olters Kluwer Financisl Services Page 5 of�]
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