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201502877
<br /> Any application of payinents, insurance proceeds, or Miscellaneous Proceeds to principal due under tl�.e Note
<br /> shall not extend or postpone the due date, or changa th�amaunt, of the Periodic PaymenYs.
<br /> 3. Funds for Escrow Ttems. Borrower shall pay to Lender oz�the day Periodic Pay�nents are due ui�der tha
<br /> Note, until the Note is paid in fixll, a sum(the "�'unds"} lo provide for payineut of ainounts due for: {a) taxes
<br /> and assassinents aa�d o�er ite�ns which can attain�riority over tivs Security Instruinent as a lien or
<br /> encuit�brance ou the Property; (b)leasahofd payments ox ground rents on the Property, if any; (c)preiniums
<br /> for any uid all i�Isurance required by Lender under Section 5; and(d)Mortga�e Insurance preiniums, if any,
<br /> or any suins payable Uy Borrower to Lender in lieu of the payment of Mortgage Insurance pr�iniums in
<br /> accordaiice with the provisions of�ection 10. These ite�ns are called"Escrow Iteins," At origination or at
<br /> any time dtuing Che terill of the Loan, Lender may require that Coininunity Association Dues, Fees, and
<br /> Assessmenls, if any, be escrowed by Borrower, and such dues, fees and assessinents shall be an�scrow
<br /> Item. Borrower shall promptly furnish to Lender all notices of amounts to he paid under this Section.
<br /> Barrower shall pay Lender the Funds for Escrow Ifenls unless Lender waives Borrower's obligation ta pay
<br /> the Funds for any or a11 Escraw Items. Lentler znay waive Borrower's obligation to pay to Lender Fun.ds for
<br /> any or all Escrow Items at any time. Any such waiver inay only Ue i�a w�•iting. In the event of such waiver,
<br /> Borrowei•slaall pay directly, when and where payal?le, the amounts due for any Escraw Iteins for which
<br /> paytneilt of I'unds has been wai�ed by Lender and, if Lender requires, shall fiunish to �ender recei}�ts
<br /> evidencing such payinent within sucll tune period as Lender inay require. Boxrower's obligation to make
<br /> such pa}+ine«ts and ta provitle receipts shall for all purposes be deemed to!�e a covenant and agreement
<br /> cot�tained in this Security Instrument, as the phrase"covenant and agreement" is used in Section 9. If
<br /> Borrower is obligated to pay Escrow Items directly, plusuant to a waiver, and Borrower fails to pay the
<br /> amount due for an Escrow Item, Lender inay exercise its rights under Section 9 and pay such amount and
<br /> Borrower sl�all then be obligated under Section 9 to repay to Lender any such ainount. Lender inay revoke
<br /> the waiver as to a�zy or aIl Escrow Items at any time by a notice given in accorc�a�ice with Section 15 and,
<br /> upan sucl�xevocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br /> under this Section 3.
<br /> Lender inay, at any time, collact and hold Funds in an amount(a) sufFieient to p�rmit Lender to apply the
<br /> Ftuids at the Yime sp�cified under R�,SPA, and{b}not ia axceed the sna�cizxaum ainount a lender can require
<br /> ti�ndex R�SPA. Lender shall estrinate the ainount af Funds due on the basis of currant data and reasonable
<br /> estimates oF expenciitures of future Escrow Itexxas or otherwise in accordance witl�Applicable Law.
<br /> The Funds sha11 be held in an institution whose tleposits ace insured by a fedr;ral agency, instruin�nta�zty, or
<br /> enCity{including Lender, if Leilder is an institution whosc deposits axe so insured) or in any Federal Home
<br /> I.oan Baz�i�. Lender shall apply the Funds to pay fhe�scrow Items no later than the time specified under
<br /> RESPA. Lender sha11 not charge Borrawer foz'holding ai�d applying the F�u�ds, ar�nually a�zalyzing tl�e
<br /> escrow account, or verifying fhe Escrow Items, unless Lender pays Borrower interesl on the Funds and
<br /> Applicable Law perfnits Lender to inake such a charge. Unless an ageement is made in writia�g or
<br /> Applicable Law requires intcrest tio be paid an the I'unds, Lender shall not b�required to p�y Borrower any
<br /> interasr or carnings on the Funds. Borrower and Lendar can agi•ee in writing, however, lhat intcrest s1�a11 be
<br /> paid on the Funds. Lender shalf give to Borrower, withaut charge, an a�vival accounting of the Funds as
<br /> reguired by R�SPA,
<br /> If there is a surplus of Funds held in escrow, as de�`ined under R�SPA, I,ender shall account to Borrawer fox
<br /> the excess funds in accordanec wifh RESpA. If there is a shortage of Funds held in escrow, as dcfined under
<br /> RESPA, Lender sl�all notify I3orrower as required by RESPA, a�d Borrower shall pay to Lender the ainount
<br /> necessary to make up the shortage in accordance with RE.SPA, Uuti in no more than 12 inonthly payments. I�
<br /> there is a de�ciency of Funds heid in escrow, as defined under RESPA, Lender sliall notify Borrower as
<br /> zaaoosso
<br /> NEBRASKA-Single Femily-Fennie MaelFretldle M ac 11NIFORM INSTRl1M ENT Form 3028 1107
<br /> VMP p VMP6(N�){1302�
<br /> Wolters Kluw er Flnancial ServEces Page 5 of 17
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