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20 B07147 <br />sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and <br />the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment <br />received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each <br />payment can be paid in full. To the extent that any excess exists after the payment is applied to the full <br />payment of one or more Periodic Payments, such excess may be applied to any late charges due. <br />Voluntary prepayments shall be applied first to any prepayment charges and then as described in the <br />Note. <br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under <br />the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. <br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due <br />under the Note, until the Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due <br />for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a <br />lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; and <br />(c) premiums for any and all insurance required by Lender under Section 5. These items are called <br />"Escrow Items." At origination or at any time during the term of the Loan, Lender may require that <br />Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, <br />fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of <br />amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless <br />Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive <br />Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may <br />only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the <br />amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender <br />requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may <br />require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be <br />deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant <br />and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a <br />waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under <br />Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender <br />any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice <br />given in accordance with Section 14 and, upon such revocation, Borrower shall pay to Lender all Funds, <br />and in such amounts, that are then required under this Section 3. <br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply <br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can <br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and <br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable <br />Law. <br />The Funds shall be held in an institution whose deposits are insured by a federal agency, <br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in <br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the <br />time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, <br />annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower <br />interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is <br />made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required <br />to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, <br />however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual <br />accounting of the Funds as required by RESPA. <br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to <br />111111111111111111111111 <br />* 3 0 0 0 1 0 4 3 2 0 * <br />NEBRASKA —Sing e Family— UNIFORM INSTRUMENT <br />Accenture Mortgage Cadence Document Center © <br />3773 01/14 <br />Page 5 of 15 <br />1111 <br />1111 111 m11. <br />