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201503433
<br /> Any application of payments, insurance praceeds, ar Miscellaneous Proceeds to principal due nnder tha Note
<br /> s�a11 no#extex�d or postpone the due date, or change Yhe amount, of tk�e Periodic Payments.
<br /> 3. k�nds�ox Escrow Ite�ts. Borrower shall pay to Lender on the day Periodic Payrrtents are due�der tiie
<br /> Note, until the Note is paid in full, a su�{tb.e"Funds")to pro�vide for payment of amaunts due for: (a}taxes
<br /> and assessments and other items wluch can attain priority aver this Security Instrument as a lien or
<br /> encumbrance on the Properiy; (h) leasehold payments ar ground rents on the Pz-operty, if any; (c)prem'rums
<br /> for any an�all insurance required by�,ender uazder Section S; and(d)Mortgage Insztrance premiums, i£any,
<br /> or any suzxzs payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premirzmc in
<br /> accordance with the provisions of Section I0. These iterns are called"Escrow Items." At origi�a�ion or at
<br /> az�.y tiixrae during the ter�n of the Loan, Lender may require that Community Association Dues, Fees, and
<br /> Assessments, if any, be escrowed by Borrower, and such dues, fees and assassments shall be an Escrow
<br /> Item. Borrower slxall promptly furnish to Lender a11 notices of amonnts to be paid under this Sec�ion.
<br /> Borrower shall pay Lender tkze Fun.ds for Escrow Items iuil.ess Lende�r waives Borrower's obligation to pay
<br /> the Funds for any or all Escrow TtemS. Lender may waive Borrower's obligation to pay to Lez�.der Funds for
<br /> az�y or all Escrow Items at any time. Any such waiver may ox�ly be in writing. In the event of such waiver,
<br /> Borrower shall pay directly, wheu and where payable, the amounts due for any Escrow Items for which
<br /> payment of Funds has been waived by Lender and, i£Lender requires, shall furnish to Lender receipts
<br /> evidencing suck�payznez�t w�itlun such�ime period as Lender rnay requaxe. Borrower`s obligation to make
<br /> such pasrments and to provide receipts sha11 for a.11 purposes be deemed.to be a covenant and agree�a.ez�.t
<br /> contained.in this Security Instrument, as the ghrase"covenaax#and agreement" is used in Section 9. If
<br /> Borrower is obligated to�ay Escrow Items directly, pursuant to a waiver, and Boxrower fails to pay t}ie
<br /> amount due for an Escrow It�n, �e�der may exexcise its rights under Section 9 and pay such amount and
<br /> Borrower shall tlien be obligated under Section 9 to repay to Lender any such amount. Lenaer may re�oke
<br /> the waiver as to any or a11 Escrow Iterr�s at any�ime by a notice gi.ven in accordance with Section 15 and,
<br /> upon such revocation, Borro�wer shall pay to Lender aII Fwo.ds, and in such amounts, that are then required
<br /> under this Section 3.
<br /> Lender may, at any time, collect and hold Funds in an amount(a) sufficient to penxu.t Lender to apply the
<br /> Funds at the time spacifiad under RESPA, and{b)not to exceed the ma�mum amount a lender can requize
<br /> under RESPA. Lenc�er shall estim�te the amount of�uncls due on the basis of current data and reasonable
<br /> estimates of expenditures of futRxre Escrow Items or otherwise in accordance wit.h AppJ.icabJ.e Law.
<br /> The Fux�.c3.s sJaall be b.eJd ax� an institution whose deposits are insured by a fed.eral agency, instr�Fnentality, or
<br /> entiry(including Lender, if Lender is an insti#u#ion whose deposits are so insured) or in any Federal Home
<br /> Loan Bank. Lender sYtall apply the Funds to pay the Escrow Items no later than the tixne specified uz�der
<br /> RES�A. Lender shall no#charge Boz-z-ower for holding and applying the Funds, annually analyzing the
<br /> escrov�r account, or verifying the Escrow Ttems, unless Lender pays Bo�owex ixxterest on the Funds and.
<br /> Appiicable Law pez-rmits Lendex to make such a charge. Unless an agreement is made in writing or
<br /> Applicable Law requires interest to be paid on#he Funds, Lender shaJl not be requiared to pay Borrower any
<br /> interest or eaxnings on tkze Funds. Borrower and Lend.er can agree in writing, however, that interest shall be
<br /> paid on the Funds. Lender shall give to Borrower, without ckzarge, an aauival accountirtg of the Funds as
<br /> required by RESPA.
<br /> If there is a surpfus of Funds held in escraw, as defined under RESPA, Lender shall accoun.t to Borrower for
<br /> the excess funds in accordance with RESPA If there is a sl�ortage of Funds held in escrow, as defined under
<br /> RESPA, Lend.er shall notify Borrawer as required by RESPA, and Borrower shall pay#o Lender the amount
<br /> necessary to make up the shoa#aga in accordance with RESPA, but in no more than 12 monthly payrrtents. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> 24008622
<br /> NEBRASKA-SiogleFamily-FannieMaelFreddieMacUNIFORtJE INSTRUMFNT Form 3028 �101
<br /> VM P p VM P6(NE}(1302}
<br /> W olters lfluw er Financial 5ervices Page 5 of i 7
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