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20110900�
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodic Paytneats.
<br />3. Funds for Escrow Items. Bonowcr shall pay to Lcndcr on thc day Pcriodic Paymcnts arc duc undcr thc
<br />Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes
<br />and assessments and other items which can attain priority over this Security Instrument as a lien or
<br />encumbrance on lhe Properly; (h) le�asehc�ld paymenls or ground renls on lhe Pruperly, if any; (c) premiums
<br />for any and all insurance r�quired by Lender under Section 5; and (d} Mortgage Insurance premiums, if any,
<br />or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premimns 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 the Loan, Lender may require that Community Association Dues, Pees, and
<br />Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow
<br />Itcm. Borrowcr shall promptly furnish to Lcndcr all noticcs of amounts to bc paid undcr this Scction.
<br />Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br />the Funds for any or all Escrow Items_ Lender may waive Borrower's obligation to pay to Lender Funds for
<br />any or all Escrow Items at any time. My such waiver may only be in writing. In the event of such waiver,
<br />Borruwer shall pay direc:lly, when and where payable, the dmounls due for any Euruw Ilems for which
<br />payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts
<br />evidencing such payinent within such time period as Lender may require. Borrower's obligation to make
<br />such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement
<br />contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If
<br />Borrowcr is obligatcd to pay Escrow Itcros dircctly, pursuant to a waivcr, and Bonowcr fails to pay thc
<br />amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br />Borrower shall then be obligated under Section 9 to repay to Lender any such atnount. Lender may revoke
<br />the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and,
<br />upon tiuch revocation, Borrower Shall pay lo Lender all Funds, and in tiuch amounls, lhat are then requirecl
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Punds in an amount (a) sufficient to permit Lender to apply the
<br />Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require
<br />undcr RESPA. Lcndcr shall cstimatc thc amount of Funds duc on thc basis of cuncnt data and reasonablc
<br />estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instntmentality, or
<br />entity (including Lender, if Lender is an institution whose deposits are so insured} or in any Federal Home
<br />Loan Bank. Lender shall apply the Fundti to pay lhe F.ticrow Ilemti no later lhan lhe time specifiecl under
<br />RESPA. Lender shall not charge Bonower for holding and applying the Funds, annually analyzing the
<br />escrow account, or verifying the Escrow Iteins, unless Lender pays Bonower interest on the Funds and
<br />Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or
<br />Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any
<br />intcrest or carnings on thc Funds. Borrowcr and Lcndcr can agrcc in wtiting, howcvcr, that intcrest shall bc
<br />paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as
<br />required by RESPA_
<br />If lhere is a tiurplus of Funds held in eurow, �s definecl under RF,SPA, Lender shall uccuunt lo Borrower for
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br />RESPA, Lender shall notify Borrower as required by RESPA, and Bonower shall pay to Lender the amount
<br />necessary to make up the shortage in accordance with R�SPA, but in no more than ]2 monthly payments. If
<br />there is a deficiency of Punds held in escrow, as defined under R�SPA, Lender shall notify Borrower as
<br />NEBRASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1l01
<br />VMP � VMPB(NE) (1105).00
<br />Wolters Kluaver Financial Services Page 5 of 17
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