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�01107399
<br />Any application of payments, insurance proceeds, or Miscellaneous Proce�ds to principal due under the Note
<br />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 aze due under the
<br />Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes
<br />and assessments and other items which can attain priority over this S�urity Insmiment as a lien or
<br />encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums
<br />for any and all insurance required by Lender under Secrion 5; and (d) Mortgage Insurance premiums, if any,
<br />or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in
<br />accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at
<br />any time during the term of the Loan, Lettder may require that Community Association Dues, Fees, and
<br />Assessments, if any, be escrowed by Bonower, and such dues, fces and assessments shall be an Escrow
<br />Item. Bortower shall promptly fumish to Lender all notices of amounts to be paid under this S�tion.
<br />Bonower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br />the Funds for any or all Escrow Items. Lender may waive Bonower's obligarion to pay to I.ender Funds for
<br />any or all Fscrow Items at any time. Any such waiver ma.y only be in writing. In the event of such waiver,
<br />Bonower shall pay dir�tly, when and where payable, the amounts due for any Fscrow Items for which
<br />payment of Funds has been waived by Lender and, if Lender requires, shall fumish to Lender receipts
<br />evidencing such payment within such time period as Lender may require. Bonower's obligation to make
<br />such payments and to provide rei:eipts sha11 for all purposes be deemed to be a covenant and agreement
<br />contained in ttus Se,curity Instrument, as the phrase "covenant and agreement" is used in Secrion 9. If
<br />Bonower is obligated to pay Escrow Items directly, pursuant to a waiver, and Bonower fails to pay the
<br />amount due for an Escrow Item, Lender may exercise its rights under Secrion 9 and 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 any or all Escrow Items at any time by a notice given in accordance with S�tion 15 and,
<br />upon such revocation, Borrower shall pay to Lender a11 Funds, and in such amounts, that aze then required
<br />under tius S�tion 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 RFSPA, and (b) not to exceeti the maximum amount a lender can require
<br />under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable
<br />estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits aze insured by a fefleral agency, instrumentality, or
<br />enrity (including Lender, if I.ender is an insritution whose deposits are so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay the Fscrow Items no later than the time specified under
<br />RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the
<br />escro�+ account, or verifying the Escrow Items, unless L,ender pays Bonower interest on the Funds and
<br />App�acable Law permiis L�nider to make such a charge. Unless an agreement is made in writing ar
<br />App�icable iaw requires iirterrest to be paid on the Funds, I.ender shall not be required to pay Borrower any
<br />interest or earnings on fihe �unds. Bonower and Lender can agre�; in writing, however, that interest shall �
<br />paid on the Funds. Lender shall give to Bonower, without charge, an annual accounting of the Funds as
<br />requir�tl by RFSPA.
<br />If there is a surplus of Funds held in escrow, as define� under RESPA, Lender shall account to $onower for
<br />the excess funds in accordance with RF.SPA. If there is a shortage of Funds held in escrow, as defined under
<br />RESPA, Lender shall notify Bonower as required by RESPA, and Bonower shall pay to Lender the amount
<br />nece.csary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If
<br />there is a deficiency of Funds held in escrow, as defined under RFSPA, Lender shall notify Bonower as
<br />NEBRASKA-Single Femily-Farmie Mae/Fraddie Mac UNIFORM INSTRUMENT Form.3028 1/01
<br />VMP � VMPB(NE) (1105)
<br />Wolters Kluwer Financial Services Page 5 of 17
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