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201503510
<br /> Any application of payments, insurance proceeds, or Miscelianeous Proceeds to principal due under the Note
<br /> shall not extend or postpone the due date, or chanae the an7ount, of the Periodic Payments.
<br /> 3. Funds for Escro�v Items. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br /> Note, until the Note is paid in full, a sum(the "Funds") to���rovide i'or payment of amounts due for: (a) taxes
<br /> and assessments and other items which can attain priority over this Securiry lnstrument as a lien or
<br /> encunlbrance on the Property; (b) leaseliold payments or grouud rents on tlle Property, if any; (c) premiums
<br /> for any and all iilsurance 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 tl�e payment of Mortgage Insurance premiums in
<br /> aecordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at
<br /> any time during the term of the L,oan, Lendei-nlap require that Communiry Association Dues, Fees, and
<br /> Assessments, if any, be escrowed by Borrower, and sucll dues, fees and assessments shall be an Escro«�
<br /> Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pa5�
<br /> the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pa}� to Lender Funds for
<br /> aily or all Escrow Items at any time. Any such waiver n�ay only be in wi•iting. In the event of sucli waiver,
<br /> Boi�rower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br /> payment of Funds has beeil waived by Lender and, if Lender requires, sl�all furnish to Lender receipts
<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 all purposes be deeilled to be a covenant and agreement
<br /> contained in tllis Security Instrument, as the phrase "covena::t and agreement" is usecl in Section 9. If
<br /> Borrower is obligated to pay Esci•ow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br /> amount due for an Escrow Item, Lender may exercise its rights under Section 9 uld 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 a�iy or all Escrow Items at any time by a notice given in accordance with Section 15 and,
<br /> upon such revocation, Borrower shall pay to Lender all Funds, 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 permit Lender to apply the
<br /> Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require
<br /> under RESPA. Lender shall estimate tlie anlount of Funds due on ti�e basis of current data and reasonable
<br /> estimates of expenditures of future Escrow Items or otherwise in accordanee with Applicable Law.
<br /> The Funds shall be held in ai� institution whose deposits are insured by a federal agency, instrumentality, or
<br /> entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home
<br /> Loan Bank. Lender shall apply the Fuuds to pay the Sscrow Items no later than the time specified under
<br /> RESPA. Lender shall not charge Borrower for holding and applying the Funds, amlually 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 shall be
<br /> paid on the Funds. Lender shall give to Borrower, witliout charge, an annual accounting of the Funds as
<br /> required 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 excess funds in accordance with RESPA. If there is a shortage 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 make up the shortage in accordance with RESFA, 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 noCify Borrower as
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7 Form 3028 1l01
<br /> VMP(a� VMP6(NEI(13021
<br /> Wolters Kluwer Financial Services Pa�e 5 ot 17
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