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201107882
<br /> Any application of paymonfs, insuranca prooeeds, or Miscellaneous Proceeds to principal due under tha Note
<br /> sliall naf exCend or postpone the due date, or change the amount, of'the Periodic Payme�its.
<br /> 3. Fancis for Escrow Items. Borrower shall pay to Lender on the day Pariodic Paymeuts are due under Ckie
<br /> Nota, until the Note is paid in full, ¢sum (tha "Funds")to provida for payment of amounts duo for: (a)taxes
<br /> 1nd assessments and other items which can attain priority over Chis Secw•ity insG•iunent as a lien or
<br /> encumbrance on the Propei•ty; (b) Icasehold payments or ground rents on the Property, if any; (c) premiums
<br /> for any and all insurancc required by Lendar under Section 5; and(cn Mortgage Tnsuranca premiums, if any,
<br /> ox any sums}�ayable by Borrower to Lender in lieu of the payment of Mortgage Insurance promiums 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 thc Loai�, Lcndcr may rcqun'e that Community Assooiution Dues, Fees, and
<br /> Assessments, if any, he escrowed by Borrower, and such dues, fees a�id assessmeufs shall be an Gscrow
<br /> IYam. Borrower shall promptly furnish to Lendee all notices of amounts to he paid under this Seotion.
<br /> Borrower shall pay Lender Il�e Funds for Escrow Items unless Lender waives Borcower's obligafion to pay
<br /> tlie Funds for any or all Eserow Items, Lender may waive Bocrower's obligation to pay to l,ender Funds fpr
<br /> any or all �scrnw Items ati any time. Any suoh waiver may only be i�i writing. ]n the evant of suoh wliver,
<br /> Borrower shall pay diractly, when and where payuble, the amounhs duc for any �scrow Items for whicl�
<br /> puyment of Funds has been waived by Lender and, if Lander requires, shall furnish Yo Leuder i�ecaipts
<br /> evidencing suoh paymenf within suoh time period as Lender may require. Borrower`s obligation to mal<c
<br /> such payments and to provide receipts shnll for nll purposes be deemed to be a covenaut and agrccment
<br /> contained in this SecuriYy Instrument, as the phrasa "oovanwit wid agreemanE" is used in Section 9. If
<br /> Borrower is obligated to pay F,scrow Items dircctly, pureuant to a waiver, and Borrower fails to pay the
<br /> a�nount dua for an Escrow ICem, I,ender may exeroise its rights under Sectiorr 9 and pay suoh aniount and
<br /> Borrower shall then be ohligated under Section 9 to rapay to Lander a�iy suah aniount. Lender may revoke
<br /> the waiver as to any or all Escrow ltems at auq time by a noCica givan in accordanee wiYh Section I S and,
<br /> upon such revocation, Borrower shall }�ay to Lender all Funds, and in such amounts, that are then required
<br /> under this Seclion 3.
<br /> Lender may, at<ury timc, collect and hold Ptmds in an�mount(a)sufficient to pennit Lender to apply Che
<br /> Funds at the time specified under RPSPA, and(b)not to axceed tlia ma�mum asnounf a Iender oan require
<br /> undar RESPA. Lendee shall esYimate the amoLmt of Funds due on the basis oF c�rrent data and reasonable
<br /> estimatas of expenditures of futm'o�scrow Items or otherwise in accordanoe with Applicable l,aw.
<br /> The Funds shall be held in an insliCuCion w,hove deposits are insured by a federal agency, instrumentality, or
<br /> eutity (including Lender, if Lendar is an institution wliose deposits are so insuted) or�ui ai�,y Fedcral Home
<br /> Loan Sanlc Lender shall apply tlte Funds to pay tha Bscrow Items no IaEcr than the time speoi�ied under
<br /> RESPA. Lender shall not cha��be Horrower for holding and applying the Funds, amivally analyzuig the
<br /> escrow account, or verifyitzg tha L�scrow Items, unless Lender pays Borrowar interest on tlxe Funds and
<br /> Applicablo I,aw permi[s Lender to mal<e such a charga. Unless�ui agreement is made in writing or
<br /> Applicablo Law requires interest to be paid on the Funds, Lendor shall not ba required to pay Borrower any
<br /> interest or earnings ou the Funds. Boi�•ower and Lendor oan agree in writing, howevar, that aiterest shall bc
<br /> paid on the Funds. Leuder shall givc to BotTOwer, without charge, an annual aoeounting of the Funds as
<br /> required by RESPA.
<br /> If thece is a surplus of Funds hold in escrow, as defined under I2ESPA, Lender shall accounY to Borrower for
<br /> Uie axcess fmlds in accordanee with RESPA. If tliera is a shortage of�unds held in escrow, as defined under
<br /> RL+5PA, Lender shall notify Borrower as required by RGSPA, and IIorrower shnll pny to Lender tlie unounf
<br /> neoessary to malce up Uie s6orfage in a000rdanee with RESPA, buC ui no more than 12 moni�lily}�a�nnents. If
<br /> tltere is a de6cicncy of Punds held in escrow, as defined under RESYA, Lcnder shall notify Borrower as
<br /> 2311'J4
<br /> NE9RASKA.Single Femlty.Fannle MeefFreddia Mac VNIFORM INSTRUMENT Form 3028 1l01
<br /> VMP� VMPS(N�411tr5)
<br /> Woltors Kluwor Flnanclal SeNices Pn9a 5 of 17
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