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201109127
<br /> Any 1pplication of payin�nts, insuranca proceecls, or Miscellaneotis Proceeds to principal due under the Note
<br /> sha11 not extend or postpone the due c�ate, or change the a�nount, of the Periodic Payments.
<br /> 3. Fuiids for Escrow Iteins. Borrower shall pay to Lender on the day Periodic Payments are due ttnder the
<br /> Note, until the Note is paid in fitll, a sYUn(the"Fui7ds") to provide for payinent of amounts dua for: (a) t�ces
<br /> �ud assessmentis and other itoms wluch caii attaiil pi�ioi'ity over this Sectuity InstrLUUent�s a lien or
<br /> encumbraiice on the Property; (b) leasehold p�yments or ground rentis on the Pi•opertiy, if any; (c)premiums
<br /> for any aild all insurance reqLiired Uy Leiider ttnder Section 5; aud(d)Mortgage Insura�lce preiniti�ns, if any,
<br /> or any suins payable by Bo�'rowei•to Lender in lieu oF the payinent of Mortg�ge Insurance�reiniuins in
<br /> accordlnce wi'th the provisions o.f Section 10. These items are called"�scrow Iteins." At origination or at
<br /> any tiin�dtiring the term of the Loau, Lender inay require that Conununity Association Dues, Fees, and
<br /> Assessments, if�tny, be escrowed Uy Borrower, and such dues, fees and assessii7ents sh111 be�n Escrow
<br /> Itein, Borrowe�'sha11 promptly furnish to Lender a11 notices oF amounts to Ue paic�under this Section.
<br /> Boi•rower sliall pay Lender the Funds for�scrow Items unless Lender waives Borrower's oblig�tion to pay
<br /> t11e Funds �or asiy or�lI�scrow Items. Lender may waive Borrower's obligltion to pay to Lender Func�s for
<br /> ai1�or all Escrow Iteins�t any time. A�Iy sucli waiver may only be in wi•iting. In the event of such waiver,
<br /> Borrower shall pay directly, when 2nd where�ayaUle, the�inounts due for any�scrow Iteiils for which
<br /> payinent of I'unds has been waived liy Lender and, if Lender requires, sh�ll furnish to Lender receipts
<br /> evidenciiig such payment witlun such time�eriocl as Lender nlay require. Borrower's oblig�tion to ma1�e
<br /> such p�yi�lents and to provide i�eceipts shall for all purposee b�cleemed to be a covenant and agreement
<br /> eonttiined iu tlus Security Instruinent, as the phrase"coven�nt�uicl agreement" is Lised in Section 9. TF
<br /> Borrower is oUligated to pay Escrow Items ciirectly, pursuant to a waiver, and Borrower fails to pay the
<br /> ainount due for an Escrow Itein, Lencler inay exercise its rights under Section 9 and pay such ainount aiid
<br /> Borrower shall theii be obligated under Sectioil9 to repay to Lencler any such ainotYnt. Lencler may revolce
<br /> the waiver as to any or 111�scrow Items at�uy time by a notice given in accordance with Section 15 �nd,
<br /> upon such revoca�ioia, Borrower shall pay to Lender aI1 Funds, and in suc11 amotints, that are then required
<br /> tinder tlus Section 3.
<br /> Lencler inay, at any tiin7e, collect and hold T�tiinds in an anlc�unt(�) suf�cient to�erinit Lender to a�ply the
<br /> L'u�ids at the tiine specified under RESPA, and(U)not to exceed t11e inaximLUn amount a lender ca�i require
<br /> under RESPA. Lender sha11 estiinale the amoLint of Tunds due on the basis of current d�ta ind reasonable
<br /> estimates of expenditures o£future Escrow Iteins or otherwise in accordance witlz Applicable Law.
<br /> The Funds s1za11�e helcl iii an institutioii whose deposits are insured by a federal agency, instruinentality, or•
<br /> entity(iriclt�ding Lende�•, if Z;ender is an institution whose deposits are so insured) or in asiy Federal Home
<br /> Loan Banlc. Lenc�er sha11 a�ply the Funds to p�y the Escrow Tteins no later than tlle time s�ecified uiider
<br /> RESPA. Len�ler shall not charge Borrower for liolcling arid lpplying the I'uncls, aruzually analyzing tlle
<br /> �scrow account, or verifying the Bscrow Items, Luiless Lender pays Borrower interest on the Tunds and
<br /> Applicable Law peril7its Lender to malce sucli�� charge. Unless an agre�ineilt is�11ade in writing or
<br /> ApplicaUle Law 1•equires in�erest to Ue paid on the Funds, Lender sha11 not be required fo pay Borrower any
<br /> interest or earnin�s oii the Funels. Borrower 1i1d Lender c1n agree in writing, however, that interest shall be
<br /> paid on the I'Li�lds, Lender s1�a11 give to Boi�rower, without chlrge, an annual �tccounting of the Funds as
<br /> required by RESPA.
<br /> If there is a sur�lus of Funds held in escrow, �s ciefined under R�SPA, Lender shall account to Borrower For
<br /> the excess funds in accordance with 1Z�SPA. If there is a shortlge of I'unds held in escrow, as deFned under
<br /> R�SPA, Lender s11a11 notify Borrower as requirecl Uy 12CSPA, and I3orrower sh�ll�ay to Lender the ainouilt
<br /> necessary to malce up the shortage in acco��dance with IZ�SPE1, but in no more thau 12 monthly�ayments. If
<br /> there is a deficiei�cy of I'unds held in escrow, as de�ned under ItESPA, Lender shall notify Borrower as
<br /> 231230
<br /> N EBRASKA-Single Fam ily-Fannle M ae/Freddie M ac UNIFORM INSTRUM ENT Form 3028 1/01
<br /> VMP O VMP6(NE)(1105)
<br /> Wolters Kluwer Financial Services Page 5 of 17
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