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201108442
<br /> Any applic�tion of pa�inents, i�surance proceeds, or Miscella�leous Praceeds to principal due under the Notie
<br /> shall not extend or postpone tlze due date, or changa the amount, of the Periodic Payiilents,
<br /> 3. Fui�ds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due ui�cler the
<br /> Note, tiintil the Note is paid in full, a suin(the "I'unds") fo provide for payinent of ainounts due for: (a)taxes
<br /> antl�ssessnlents and other iteins which can attain pi�iority over this Sectir•ity Instrurizent as a lien or
<br /> encumbr�nce on the Pi•opei�ty; (b) leaseholel payments or ground rents on the Property, if any; (c)premiums
<br /> for any and a11 insLtrance required by Leiic�er under Section 5; aszd�d)Mort�age Insurance premiums, if a�y,
<br /> or any suins payaUle Uy Borrower to Lender in lieu of t11e payinent of Mortgage Insuraiice prerniums iri
<br /> accorda�nce with theprovisions of Sectioz7 10, Tliese items ase called"Escrow Items." At origination or at
<br /> any tiilie cluring the term of tihe Loan, Lender inay require tha.t Coirulzunity Association Dues, Fees, �nd
<br /> Assessinents, iF any, Ue escrowed Uy Borrower, aild such dues, fees and assessments shall be an�scrow
<br /> Ttem. Borrower shall proinptly fiu•nish ta Lencler all notices oF�mounts to be paid t1�lder t11is Section.
<br /> Borrower shall pay Lender the Puncls i'or Escrow Items unless Lender w�ives Borrower`s obligation to pay
<br /> the Funds for�ny or all�scrow Items. Lender m�y waive Borrower's o�ligatiion to pay to Lender runcls for
<br /> any or a11 Escrow Iteins at any time. 1�i1y stirch waiver may only�e in writing. In the evant of such waiver,
<br /> Borrower shall pay directly, when and wliere payable, the�mounts due foi•any�scrow Items for wliich
<br /> payinent of�'tinds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts
<br /> evidenculg such�ayment witl�in stich tiine period as Lender inay require. Bo�rower's obligation to malce
<br /> such��yinents ai2d to provide receipts shall for all purposes ve deeined to l�e a covenant and agreement
<br /> contained in this Security Instruinent, as the phrase "covenant and agreem�nt" is Ltse�l in Section�. If
<br /> Borrower is obligated�o pay Escrow Iteins directly; pursuaiit to a waiver, and Borrower flils to pay t11e
<br /> ainolYnt due for an�scrow ICein, Lender inay exercise its rights uiider Section 9 and pay sucli lmount and
<br /> Borrower shall then Ue obligated undei• Section 9 to repay to Lender any such aiilount. Lencler may revolce
<br /> the waiver as to any or a11�scrow Items at any tiine l�y a notice given in�ccorda'szce with Sectioil 15 and,
<br /> upon suclz revocation, Borrower shall pay to Lender a11 Funcis, and in such ainounts, that are then required
<br /> under this Section 3.
<br /> Lender may, at a�iy time, collect a�Id hold rLinds in�11 a�noLtnt(a) suffcient to permit Lender to apply tha
<br /> runds at the time specified under RESPA, and(U)no�to exceed the maximum ainount a lencier can require
<br /> under RESPA, Lender sliall estimate the amount af Fuilds due on the U�sis of current data a�id re�sonabl�
<br /> estimates of expenditures of fiit��re�scrow Iteins or otherwise in accordance with Applicable Law.
<br /> The I'unds shall be helcl in an institution whose deposits a1•e insurecl by a federal agency, uistruinentality, or
<br /> entity(iticluding Lander, if Lender is an�institution whose deposils ar�e so insured)�or in any Federal Home
<br /> Loan B1nlc. Lender sliall apply the Titnds to�ay t1�o Escrow Items no 1��ter tha�z�he tima specified under
<br /> RESPA. Lender sha11 not charge�orrower for holduig and applying the Funds, aivivally�aly�i�lg tl�e
<br /> escrow account, or verifying the�scrow Iteins, unless Lender pays Borrower interest on the Funds ancl
<br /> Applicable Law perinits Lender to malce sLicli a charge. U�iless an agreement is m�cle in writuig or
<br /> Applic�l�le Law requires interest to ve paid on�he I'unds, Lender sh�11 not ve reqttired to pay Borrower any
<br /> interest or eu�nings on the Funds. Borrower alid Lender can agree in writing, 1lowever, th�t interest sllall be
<br /> paid on the Funds. Lender shall give to Borrower, witliout charge, an amnial accoLUiting of the Funds as
<br /> 1•equired by 12�SPA.
<br /> If there is a surplus of Funds lield iu escrow, as de�nec�under RESPA, Lender sha11 account to Borrower for
<br /> tke excess fiulds in accordance�ith I' -�SPA, Il there is� shorta�e of Funds lield in escrow, as defiiied under
<br /> R�SPA, Lencler shall notiify Borrower as rec�uired Uy RESPA, ancl Borrower s11a11 pay to Lender tha�mount
<br /> n�cessary to malce up the shortage in accord�nce with I2�SPA, but in no more than 12 inonthly p�yinents. If
<br /> thera is a de�ciency of Funds held in escrow, �s defined under It�SPA, Lender s11a11 notiFy Borrower�s
<br /> 231209
<br /> NEBRASKA-SIngle Family-Fannie M aelFredtlie M ac UNIFORM INSTRUM ENT Form 3028 1/01
<br /> VM P O VM P6(NE)(1105)
<br /> Wolters Kluw er Financial Services Page 5 of 1 T
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