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201108174
<br /> At7y application of payinents, instiirance proe�eds, or Miscellaneous Proceeds to princip�l due under�he Note
<br /> shall not ext�nd or post�one the dae date, or ohange t11�a�r�ount, of fhe Periodic Payments.
<br /> 3. Fimds for Escrow Items. Borrower sh211 pay to Lender on the day Periodic Payments are due tuider the
<br /> Note, until the Note is paid in fu11, a suin(the"runds")to provicle for payment of ainounts due for: (a)t�txes
<br /> and assessments and other iterils which can attain priority over this Security Instruznent as a lien o�•
<br /> encuinbrance on the Property; (b) leasehold payinents oi°groLind r�i�ts on the Property, if any; (c)premiLUns
<br /> for any and all insuraiice required by Lender under Sectioii 5; and(cl)Mort�age Insurance premiums, if any,
<br /> or any suins pay�ble by Borrower to Lei7der in lieu of the payinent ofMortgage Itisurance premiitms in
<br /> accordance with the provisions of Section 10. These iteins are called"�scrow Items.° At origiilatioii or at
<br /> ai�y tinae during the terr7l of the Loa�z, Lender may require that Conul�unity Association Dues, �'ees, and
<br /> Assessments, if a�zy, be escrowed by I3orrower, and such dues, fees and assessments shall Ue an�scrow
<br /> Item. Borrower sliall proinptly fiirnish to Lencier a11 notices of�nounts to be paid under this Section.
<br /> Borrower shall p�y Lender the Funds for�scrow Items unless Lender waives Borrower's oUligation to pay
<br /> the Funds for any or �11 Escrow Items. Lender inay w�tiive Borrower's obligatioi�to p�y to Lender�unds for
<br /> any or all�scrow Iteins at any tinle. �zy stiich waiver m�y only l�e in writing. In the event of such waiver,
<br /> Borrower sha11 p�y directly, wl�en a�id where pa.yavle, the ainounts c�ue for�ny Escrow ICems £or whicll
<br /> payinent of I'unds has been wlived by Lender and, if Lender requires, shall fiirnish to Lender receipts
<br /> evideiicing sucli payinent within such time period as Lender inay require. Borrower's obligation to il7alce
<br /> such p�yments and to provide recei�ts sh111 for all ptuposes ve deemed to Ue a covenant and agreement
<br /> containecl i�i this Security Instriunent, as the pYu�se"covenant and agreetnent" is used in Sectioii 9. If
<br /> Borrower is oUlig�ted to�ay�scrow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br /> aiizoitnt due for an�scrow Itein, Lencier inay exercise its rights undei• Section 9 and p1y such amount and
<br /> Borrower sliall then Ue obligated under Section 9 to repay to Lender aiiy such aiilount. Lendei•m�y revolce
<br /> the waiver as to a�y oi all Escrow Iteins at�ny tit�e by a notice given iu accordauce witlz Seetion 15 a�Yd,
<br /> upon such revocation, Borrower s11a11 pay to Lender all Funcis, and in such aniounts, tha.t are then required
<br /> under this Section 3,
<br /> Lender may, at any time, collect a�zd hold Funds in as�asnount(a) suf�"icient to permit Lender to apply the
<br /> Punds at the time specified under RESPA, and(U)not to exceed the maxi�nLUn a�noui�t a leilder can reqLiire
<br /> uilder R�SI'A. Lender sha11 estimate the amount af Funds due oi��he Uasis o�current data anc�reasonable
<br /> estimates of expenditures of future�scrow Iteins or otherwise in accordance witli Applicable Law.
<br /> The F"wltls shall be lleld in an institution whose deposits a�•e insLired by� fedei•al agency, instrumeritality, or
<br /> entity(incltlding Lender, if Lender is an instit�ttion whose c�eposits are so insured) or in any I'ederal Home
<br /> Lo�1 Baulc, Lerider sha�ff apply the Funds to pay the�scrow Iten�s no later thau the time s�eciC�d under
<br /> 1�SPA. Lender shall not char�e Bai�rower for kolc�ing and applying the Funds, amnially aualy�ing the
<br /> escrow account, or verifying the�scrow Items, unless Leiider p�ys Borrower interest on the Fui�ds aild
<br /> Applicable Law per�nits Lender to malce s�icll a c11a1-ge, Unless a�l agreement is made in writing or
<br /> Applical�le Law requires interest to Ue�aid on the Punds, Lender sha.11 not Ue required to p�y Borrower ai7y
<br /> interest or earnings on the Funds. Bori•ower and Lender can agree in writing, however, that intarest shall be
<br /> paid on the Fiinds. Lender shall give to Borrower, without charge, an aniival �ceoLinting of the I'ands as
<br /> required by RESPA.
<br /> If there is a surplus of runds helci in escrow, as definecl under R�SPA, Leneler shall account to Borrower for
<br /> the excess funds in�ccorc�ance with I2ESPA. If ihere is a shor�age of Fu�lds held in escrow, as de�ned under
<br /> RESPA, Lender shall notify Borrowel•as required by RESPA, aizd Borrower sha11 p1y to Lender the amount
<br /> ilecessary to malce up the shortage in accordance wit11 RESPA, but in no more thali 12 monthly payments. If
<br /> there is� d�ficiency of Funds l�eld in ascrow, as deFined nnde�RES1'A, Lender sha11 notify Borrower as
<br /> 231201
<br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1I01
<br /> VM P O VM P6(NE)(1105)
<br /> Wolters Kluwer Financial Services Page 5 of 17
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