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201406486
<br /> Any application of payinents, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br /> 3. Funds for Eserow Items. Borrower shall pay to Lender oil the day Periodic Payments are due under the
<br /> Note, until the Note is paid in full, a suin(the "Funds") to provide for payment of amounts due for: (a)taxes
<br /> and assessments and other items which can attain priority over this Security Instruinent as a lien ar
<br /> encumbrance on the Property; (b)leasehold payinents or grounci rents on the Property, if any; (c)premiums
<br /> for any ancl all insurance required by Lender under Section 5; and(d)Mortgage Insurance preiniums, if any,
<br /> or any surns payable by Borrower to Lender in lieu of the payinent of Mortgage Insurance premiums in
<br /> accordance with the provisions of Section 10. These items are called "�scrow Items." At origination or at
<br /> any time dtu�ing the ternl of the Loan, Lender inay require that Corrununity Association Dues, Fees, and
<br /> Assessments, if any, be escroweci by Borrower, and such dues, fees anci assesstnents shall be an Escrow
<br /> Item, Borrower shall proinptly fiu�nish to Lender all notices of amounts to be paid under this Section.
<br /> Borrowei• shall pay Lencier t11e Funds for Escrow Iteins unless Lender waives Borrower's obligation to pay
<br /> the Fu�ds for any or all Escrow Tteins; Lencler may waive Borrower's obligation to pay to Lender Funds for
<br /> any or all Escrow Itetns at any tiine. 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 /> payinent of Funds has been waived by Lender and, if Lencler requires, shall furnish to Lender receipts
<br /> evidencing such paymenC within such time period as Lender inay require. Borrower's obligation to make
<br /> such payments and to provicle receipts shall for all purposes be deeined to be a covenant ancl agreement
<br /> contained in this Security Instrument, as the plu•ase"covenant and agreement" is used in Section 9. If
<br /> Borrower is obligated to�ay Escrow Iteins directly, pursuant to a waiver, and Borrower fails to pay the
<br /> arnount clue for an Escrow Item, Lender may exercise its rights under Section 9 and pay such aizlount and
<br /> Borrower shall then Ue obligated under Section 9 to repay to Lender any such anlount. Lender inay i•evolce
<br /> the waiver as to any or all Escrow Items at aiiy tiine Uy a notice given in accordance with Section 15 and,
<br /> upon such revocation, Borrower shall pay to Lender all Funds, and in such ainounts, that are then required
<br /> under this Section 3.
<br /> Leneler inay, at any tiine, collect and hold Funds in an amount(a) sufficient to pei°init Lender to apply tlle
<br /> Funds at the tiine specified under RESPA, and(b)not to exceed tl�e inlximum amount a lender can require
<br /> under RESPA. Lender sha11 estimate the�inount of Funds due on the basis of current data and reasonaUle
<br /> estiinates of expenditures of fiit�u•e Escrow Iteins or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in aii institut7on whose deposits are insured by a£�deral agancy, isistrunlentality, or
<br /> entity(includiilg Lender, if Lender is ai�institution whose deposits are so insured) or in any Federal Home
<br /> Loan Banlc. Lencler shall apply the Funds to pay the Escrow Items no later than the tix�e speci�ed under
<br /> RESPA. Lender sha11 not charge Borrower for holding and applying the Funds, alinu111y analyzing the
<br /> escrow account, or verifying the�scrow Itenzs, unless Lender pays Borrower iilterest on the Funds aild
<br /> Applicable Law perinits Lei�der to inake such a charge. Unless an agreement is ii�ad.e in writiug or
<br /> Applicable Law requires interest to Ue paid on the Funds, Lencler sh�ll ziot be required to pay Borrower any
<br /> interest ot• eat�nings on the Funds, Borrower and Lendet•can agree in writing, however, that interest s11a11 be
<br /> paid on the I'unds. Leiicier shall give to Borrower, withotrt cllarge, 1n liuival accounting of the Fuuds as
<br /> required by RESPA.
<br /> If there is a sLu•plus of Firnds held in escrow, as defined uncler IZESPA, Lender shall accoLtnt to Borrower for
<br /> the excess funds in accordance with RGSPA. If there is a shortage of I'unds held in escrow, as defiiled tuider
<br /> RESPA, Lender s11111 notify Borrower as reqttired Uy R�SP�, and Borrower shall pay to Lender tlie ainotuit
<br /> necessary to malce up tlie short�ge in accordance with RESPA, but in no more tha11 12 monthly p�yments, TF
<br /> there is a def"iciezlcy of Fuilds held in escrow, 1s defined under 12�SPA, Lerlder sha11 notify Bori•ower as
<br /> 24007178
<br /> NEBRASKA-Single Family-Fannie M ae/Fretldie Mac UNIFORM INSTRUM ENT Form 3028 1101
<br /> VM P Q VM P6(NE)(1302)
<br /> W olters Kluw er Financial Services Page G of 17
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