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201107697
<br /> Any applicacion of payments, insurance proceeds, or Miscellaneous Proceeds to principal due wider the No[e
<br /> shall not exYend or poQ[pone tlie due date, or change the amount, of the Periodic PaymenCs.
<br /> 3. Fuuds Por Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under Che
<br /> Note, until the Note is paid in full, a sum(the "Punds") Co provide for paymenf of amounFs due for: (a) taxes
<br /> and assessments and other items wliich can attain prioxity over this Secucity Instrument ns a lien or
<br /> encumbrance on the Propexty; (b) leasehold payments or ground rents ou the Property, if any; (c) preiiliwns
<br /> fo� any aud all ivsurance required by Lender under Section 5; and (d) Mortgage Insurance gremiums, if any,
<br /> or any sums payable by Boirower to Lender in lieu of Che paymenC of MoxCgage Insuxance premiums in
<br /> accordance with the provisions of Seetion 10. These items are ealled "Escrow Items." At o�9gination or at
<br /> any time during the term of die Loan, Leuder may require tl�at Community Assoeiauon Dues, Pees, and
<br /> Assessments, if any, be escrowed by Borrower, and such duas, fees and assessments shall be an F,scrow
<br /> 1Cem. Bormwer shall prompCly furnish to Lender all notices of amounta to be paid under this SeeCio�t.
<br /> Sorrower s�all pay Lender the Punds for�scrow I[ems uuless Lender waives Borrower's obligation to pay
<br /> the Punds Por any or all Escrow Itema. Lender may waive Bortower's ohligation to pay to Leuder Fu¢ds for
<br /> uiy or all Escrow Items at any time. Any such waiver ii�ay only be in writing. In the event of such waiver,
<br /> Borrower shall p.ry dixectly, when and where payable, fhe amounts due for any Eserow Items Por which
<br /> payment of'Funds has been waived by Lender and, iF Lender requires, shall furnish Co Lender receipts
<br /> evidencing such paymenC wiYhin sueh time period as Lender �nay require. Borrower's obligaTioi�to make
<br /> such paymeuts and to provide receipts shall for all purposes be deemed to be a covenant aud agreement
<br /> contained in this Security Instrument, as the phrase "coven.mt and agreement" is used in 3ection 9. IP
<br /> Borrower is obligated to pay Escrow Items directly, pursuant Co a waivex, and Borrower Pails Co pay Che
<br /> amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amounC and
<br /> Borrower shall then be obligated uuder Section 9 to repay to Leuder any such ainount. Leuder may revoke
<br /> tlie waiver as Yo any or all Escrow Items at any time by a notice given in accordance widi Section 15 zmd,
<br /> upon such ravocation, B�n•ower shall paiy to Lender all Funds, and 3n sucfi amounts, tliat are Chen required
<br /> under this Section 3.
<br /> Lender may, at auy time, collect and hold Funds in cm amount(a)sufficient to permit L,ender Yo apply the
<br /> Funds aC the time specified uader RESPA, and (b) not to exceed the maximum amount a lender cao require
<br /> under RESPA. L,ender shall estimate the amount of Funds due on the basis aC currene data and reasonable
<br /> estimaCes of expenditures of futuxe Eserow Items oT otheTwisa in accoTC7ance with ApplicaUle Law.
<br /> The Funds shall be held iu an institution whose deposits 1re insured by a federal agency, insuumentelity, or
<br /> entity (including Lender, iF Lender is an institution whose deposits are so ivsured) or iii any Fedei al Honie
<br /> Loan Bank. Lenc3er shall apply Chc Funds to pay Chc Escrow Items no later than the time specifiad[�ndcr
<br /> RESPA. Lender shall not eharge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unlese I.ender pays Borrower interest oo fhe Punds and
<br /> Applicable Law permiCS Lender to make sucl� a chaige. Unless an agreemeut is made in writing or
<br /> Appllcable Law eequires interest to be paid ou the Punds, Lender sl�all uo[be required to pay Borrower�my
<br /> interest or earnings on the Funds. Borrower and Lznder can agree in writing, however, thaC'interest shall bc
<br /> paid on the Funds. I,endcr shall give to Borrower, withouC charge, an annual accounCing of the Funde as
<br /> required by RESPA,
<br /> If there is u surplus of Punds held in escrow, as defined under RESl'A, I.ender shall aceounC to Sorrower for
<br /> Ihe excess Punds in accordance wiYh RESPA. If Yhere is a shortage of Funds held in escrow, as defived under
<br /> RPSPA, Lender shall notify Borrower as required by RESPA, and Boil�ower shall pny to Lender the amoimt
<br /> necessaiy to m�lce up tl�e shottage in accordance with RESPA, but in no more than 12 inonChly paynients. lf
<br /> there is a deficicncy of Funds held in eserow, as defined under RESPA, Lender shall notiPy Borrower ae
<br /> 231186
<br /> N[�RASKA-Sinele Famlly�Fannie MaelFreddla Mac UNIFORM INSTRUMENT Form 302A 1l01
<br /> VMP� VMP6INEI I�106)
<br /> Walto�s Kluwor Flnanclal Scrvlces Poyn 5 ul 1]
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