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<br /> Any application of payinents, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br /> shall not extand or postpone the due date, or chauge the at��ount, of the Periodic Paytnents.
<br /> 3. I+�nds for Escrow�teans. Borrawer shall pay to Landex on the day Periodic I'ayments are due under the
<br /> Note, until the Note is paid in ful1, a suin(the"Funds")to pravide#'or payment of ainouilts due for: (a) taxes
<br /> and assessments and other items which can attain priority over this Security Instrumei�t as a lien or
<br /> encumbrance on tlie Praperty; (b}leasehold paymants or ground renYs on the Property, if any; (c)pre�niums
<br /> for any and all insurance required by Leiider under Section 5; and(t�) Mortgage Insurance prez�niu�ns, if any,
<br /> or any suins payable by Borroweg to L�nder zn lieu of the paymenfi of Mortgage Insurance premiuins in
<br /> accordance with the provisions of Sectioil 10. These itetxas are called "Escrow Iteins." At origination or at
<br /> any time during the terin of the Loan, Lender may require that Coiru�aunity Association Dues, Fees, and
<br /> Assessinents, if any, be escrowed by Borrower, and suoh dues, fees and assessments shall be an Escrow
<br /> Item, Borrower shaf�proznptly furnish to Lender all notices of amounts to be paid under this Section.
<br /> Borrowet• shall pay Lender the Fiuids for Escrow Items unless Lender wazves Borrower's obligatio�i to pay
<br /> tl�e Funds for any or all�scraw Items. Lender may waive Borrower's obligation to pay to Lender Funds for
<br /> any or�►11 Escrow Items at any tilne. Any stYch waiver inay only be in writing. In the event of such waiver,
<br /> Borrower shall pay directly, when and where payable, the amounts due foc any Escrow Iteins for which
<br /> pa}r�nent of Funds has been wai�ved by�,ender and, if Lender requires, shatl fixrnish to Le�der receipts
<br /> evidencing such payinent within such tiine period as Lender may require. Borrower's obligation to make
<br /> such payinents and to provide receipts shall for all p�uposes be deeined ta be a covenant and agreeine�it
<br /> contazned zn this Security Ii�s�rurnent, as the phrase"covenant and agreement" is used in Section 9. I�
<br /> Borrower is obligated lo pay Escrow Iterns directly, pursuant to a waiver, and Borrower fails to pay the
<br /> ainount due For an Escrow Ite�n, Lender inay exercise its rights under 5ectioa�9 and pay such ainount and
<br /> Borrower shall then be obligated under Swtion 9 to repay to Lender any such amount. Lei�der may re�oke
<br /> the waiver as to any ar a11 Escrow Ite�ns at any time by a notice given in accordance with Section 15 and,
<br /> upon such re�ocation, Borrower shall pay to Lender all Funds, and in sucl� amounts, that ar�then required
<br /> under this Section 3.
<br /> Let�der may, at any Cime, collect and hold Funds in an ainount(a) sufficient to perinit Lender to appiy the
<br /> I'unds at 1:ha tima specified under R�SPA, and{b)not to exceed the inaxiinuin ainount a lender can rec�uire
<br /> under RESPA. Lender sh�►II estimate tk�e amount of Funds due on the basis of current data and reasonable
<br /> estimates of expenditures of future Escrow Items ox otherwise in accordance with Applicable Law.
<br /> 'I'he Punds shall be held in an institution whose deposits are insured by a fedaral agency, instrumentality, or
<br /> entity(including I,endez', if Lender is an institution whase deposits are so it�sured) or in any Federal Home
<br /> Loan Bank. Lender sha11 apply the Furzds to pay the�.scrow Iteins no later than the time specified under
<br /> RESPA. Lender shall not charge Borrower far holding and applying the Funds, annually analyzing tha
<br /> escrow account, or veriifying the�scrow Items, unless Lender pays Borrower interest on the.C`unds and
<br /> Applicable r,aw gerinits Lendar to rt�ake such a charge. Unless an agreeanent is inade in writing ar
<br /> Applicable Law requij•es intcrest to be paid on tl�e I'unds, Lender sha11 not be rEquireci to pay Borrower atay
<br /> intarest or earnings on the Punds. Borrower and Lendar can agree in vvriting, however, that interest shall be
<br /> paid on tha F'unds. Lender sha11 give to Borrawer, without charga, an atanu�l aecotuiting of the Funds as
<br /> required by RESP�.
<br /> I�there is a surplus of Funds h�ld in escrow, as defzned under RESPA, Lender shall account to BorrowEr for
<br /> the excess Fiuids in accordance with RCSPA. Tf there is a s�ortage of Funds held in escrow, as defined under
<br /> RESPA, Lender shall notify Borrower as xequired by RESPA, and Borrower shall pay to Lender the amounC
<br /> necessary to inalce up the shortage in accordance with RESPA, but in no more than 12 nnonthly payments. If
<br /> there is a deFiciency of Funds held in escrow, as defined iu�der RESPA, Lender shall notify Borrower as
<br /> 9003520707A9
<br /> NEeRASKA-Single Family-Fannle MaelFreddle Mac UNIFORM INSTRUMENT Form 3028 1101
<br /> VMP p VMP6(NE)(1302}
<br /> W ollers KWw er Financial Services Paga 5 of 17
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