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<br /> Any applicarion of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> shatl not extend ar postpone the due date, or change the amount, of the Periodic Payments.
<br /> 3. Funds for Escrow Items. Borrower shall pay to I,ender on the day Periodic Payments are due under the
<br /> Note, 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 priority over this S�urity Instrument as a lien or
<br /> encumbrance on the Property; (b)leasehold payments or ground r�ts on the Properiy, 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 Lender in lieu of the payment of Mortgage Insurance premiums in
<br /> accordance with the provisions of Section 10. These items are called'Bscrow Items."At origination or at
<br /> any time during the term of the Loan, Lender may require that Community Association Dues, Fces, 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 to Lender ali notices of�nounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br /> the 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 event of such waiver,
<br /> Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br /> payment of Funds has b�n waived by Lender and, if Le,nder requires, sha11 furnish to L�der r�eipts
<br /> evidencing such payment within such time period as Lender may require. Borrower's obligation to make
<br /> such payments and to provide receipts shall for a11 purposes be deemed to be a covenarrt and agreement
<br /> contained in this Security Instrument, as the phrase"cov�ant and agreement"is used in Section 9. If
<br /> Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Bonower fails to pay the
<br /> amount due far an Escrow Item, Lender may�ercise its rights under Section 9 and pay such amount and
<br /> Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke
<br /> the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and,
<br /> upon such revocation, Borrower sha11 pay to I.ender all Funds, and in such amounts, that are then required
<br /> under ttus Section 3.
<br /> Lender may, at any rime, collect and hold Funds 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 maximum amount a lender cazi require
<br /> under RESPA. L.ender shall estimate the amount of Funds due on the basis of current data and reasonable
<br /> esrimates of expenditures of firture Escrow Items or othecwise in accordance with Applicable Law.
<br /> The Funds shall be held in an insriturion whose deposits are insured by a federal agency, inshumentality, or
<br /> entity(including Lender, if Lender is an institurion whose deposits are so insured)or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under
<br /> RESPA. Lender sha11 not charge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and
<br /> Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or
<br /> Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest sha11 be
<br /> paid on the Funds. Lender sha11 give to Borrower, without charge, an annual accounting of the Funds as
<br /> re�uired 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�cess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br /> RESPA, Lender shall norify Borrower as required by RESPA, and Borrower shall pay to Lender the amount
<br /> necessary to make up the shortage in aacordance with RESPA, but in no more than 12 monthly payments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> 2300342829 D VBNE
<br /> NEBRASKASingle FamHy-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot
<br /> VMP(w VMP81NE)(7302)
<br /> Wokera Kluwer Financid Servicea Pepe 5 of 17
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