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201107691
<br /> Any application of payments, insurance proceeds; or Vliscell�neous Proceeds to principal due under dic Note
<br /> shall not extend or postpone fhe due date, or change the amount, of the Periodic Payments.
<br /> 3. Funds for Escrow Ite�s. Borro��er shall pay to Lender on the day Periodic Payments are due under the
<br /> Note, until the Note is paid in fuR, a Sum (T]ie "Fm1ds")to provide for payment of amounts due for_ (a)taxes
<br /> and assessments and oTher items whicli caa attain priority over this $ecurity Instntment as a lien ar �
<br /> encumbrance on flie Properry; (b) leasehold payments or ground rents on thc Property, if any; (c)premiums
<br /> Por any and all insurance required by Lender under Secuon 5; and(d)Mortgage Insurance premiums, if any;
<br /> or any sums payaUle by Borrower ty Lender in lieu of the payment of Mcirt�age Inswancc premiusns in
<br /> accordance with khe provisions pf Section 1Q Tl�ese items are called"Escrow Itcros." At orig3nation or at
<br /> any titne during the tetm of the I,oan, Lender may require that Cc�inmimity Associahion Dnes, Fees, and
<br /> Assessments, if any; be escrowed by Borrower, and such dues, fees and assessinents shall be an Escrow
<br /> Item. Borrower shall promptly furnish to Lender all norices of amounts to be paid under this Secrion.
<br /> Bonower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br /> 2he F4nids for any or all Escrow Items. Lexider may waive Borrower'S oblination to pay to Lznder Fands for
<br /> auy or all Eserow Items aT any time. Auy sLach waiver may only be in writmg. In the event of such waiver,
<br /> Bonower shall pay duectly, when aud where payable, the amounts due for any Escrow Iteins for whieh
<br /> papment of Fmid$has been waived by Lender and, if Lendex requires, shall furnish to Lendcr receipts
<br /> evidencing Sueh payment wi[hin such time period as Lender may require. Borro�z�er s obligation to �nake
<br /> snch payments and to paovide xeceipts shall for a11 purposes be deemed Lo be a covenazrt and agreement
<br /> contained In this Security Instrv.menE, as the phrase "covenant and agreemenf° is used in Section 9. lf
<br /> Borrower is obligated to pay Escrow Items direclly,putsuant Co a waivcr, and Borrower fai7s to pay the
<br /> amount due Por an Escrow Item, Lender may exercise its ri�hts under Secrion 9 and pay such amount and
<br /> Boaowez sl�all then be obligated nnder Secrion 9 to repay to Lender any such amount. Lender may re�oke
<br /> the waiver as to any or a11 Escrow Items at any time by a notice given in acooxdance wiTh Section 15 and,
<br /> ttpon.such revocation, Borrower shall pay to Lender all Funds, and 'uz such asnounts, that are then required
<br /> undex this Section 3.
<br /> Lender may, at airy time, collect and hold Furlds In an amount(a) sufftcient to permit I,ender to apply the
<br /> Funds a#the time specified imder RESPA, and�(b)not to exceed the maximum amount a lcnder cau require
<br /> under RESPA. I,ender shall esumate the amount of Funds due on the basis of current data and reasonable
<br /> estimates of expenditures of f'uture L,scrotv Items or otherwise ui accordance with 9pplicable Law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency,instcumentality; or
<br /> entity (including Lender, if Lender is an insdturion whose deposits aze so insured) or m any Federal fIome
<br /> I.oan Bank. Lender shall apply Yhe Funds to pay the Fscmw Iteins no later than tUe tixne speci�ed under
<br /> IZESPA. Lender shall not cha be Borrower for holdina and applying the Funds, annually analyziug the
<br /> cscrow account, or verifynzg the Escrow Items, nnless Lender pays Borrowei intezest on tha Funds and
<br /> Applicable Law permits L,ender to make such a cliarge. Unless azi agreement is made in writing or
<br /> Ap�HcabLe Law requires.interesc Yo be paid on fhe Pnads, Lender shall no[be required to pay Borrower any
<br /> interest or eamings on the Fimds. Borrower and Lender can agree in�s�riting; however, that interest shall be
<br /> paid on the Funds. Lender shall givc to Borrower, without charge, an annual accounting of thc Funds as
<br /> required by RESPA
<br /> If there is a sLUplus of Funds held in escro�v, as defined tmder RESPA, Lendcr shall account to Borrower for
<br /> the excess funds in accordance with RJ;SPA IY there is a shonage of Funds held in escrow, as defined under
<br /> RESPA; Lender shall notify Borro�ver as requ'ued by RESPA, and�Borrower shall pay to Lender the amount
<br /> necessan-to make up the shortage in accorciance with RL.SPA,hut in no more than 12 monthly paymeirts. If
<br /> Lhere is a deficiency of Punds held in.escrow, as defined under RP.SYA, Lender shall notify B�rrower as
<br /> 23YI86
<br /> NEBR45KP.-Single Family-Fannie Mae�Fredtlie Mac U W FOR�.9 INSTRpM ENT Form 3028�109
<br /> VMP OO VMP6(N�(i 105)
<br /> Wolters Kluwer Finan�ial Servlces Page 5 of 1�
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