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201109173
<br /> Any application of payments, insurance proceeds, or Miscellaiieous Proceeds to principal due under the Note
<br /> sha11 ilot extend or postpone the clue�date, or change the�nount, oF the Periodic Payinents.
<br /> 3. I+'nuds for Escrow Ite�ns. Borrower shall pay to Lender on the day Perioclic Payinents are due undei�the
<br /> Note, until the Note is p�id in full, a sum(the"Funds")to�rovide for payment of amounts due for: (a)taxes
<br /> and assessments and ot�er items�wluch can attiaul priority ov�r tlus Security Instrument as a lion or
<br /> encuil�brance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c)premiums
<br /> for any a�1d a11 instlrance reqL�ired Uy Lander under Section 5; and(d)Mortgage Instiirance pren�iunls, if any,
<br /> or�ny suins pay�Ule by Borrower to Lender in lieu of tlle�ayinent of Mortgage Insurance preiniums in
<br /> accordance with the provisions of Section 10. These items are c�lled"�scrow Items." At origin�tion or at
<br /> any time dtu�iiig the term of the Loan, Lender inay renuire that Coirunuiuty Associltion Dues, I'ees, aild
<br /> Assessments, if�iiz�, be escrowed l�y Borrower, and such dues, Pees aiid assessments sh�ll Ue�n�scrow
<br /> Itein, Borrower sha11 proinptly furiush to Leiider a1171otices of amounts to be paid under t11is Section.
<br /> Borrower ska11 pay Lei7der the I'unds for�scrow Items unless Lender waives Borrower's obligation to p�y
<br /> the Funds for any or all Escrow Itiems, Lender may waive Borrower's obligatioii to p1y to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waiver may only be in writing. Ti1 the event of such waiver,
<br /> I3orrower sh�11 p�y directly, when and where payaUle, tlie atnounts due for any Escrow Items for which
<br /> �ayment of Funds has beeiY waived by Lender and, if Lender requires, shall Furilisli to Lender receipts
<br /> evidencing such�ayment witlun such time period as Lender m1y require. Borrower's oUligation to malce
<br /> such payments and to provicle i•eceipts sh�ll for all ptirposes Ue deeined to be a covenant and agreement
<br /> contau7ed in tlus Security Tnstrument, as the pl�rase°covenant and agreement" is used in Section 9. If
<br /> Borrower is oUliglted to pay Esci�ow Items directily, purstt�nti to a�vaiver, and Borrower fails to pay the
<br /> amount due for an�scrow Itein, Lender may exercise its rights uncler Section 9 and p1y such ainount�tnd
<br /> Borrower sliall then Ue obligated undei• Sectiozl 9 to repay to Lender any sLtch amotiint, Lencler m�y revolce
<br /> the waiver as to aszy or aIl Escrow Items at�ny time by a notice given in accordance with�ection 15 and,
<br /> tiipon such revocation, Borrower sha11 pay to Lender all Funds, a�id in such�1not�nts, that ai•e then required
<br /> uuder tihis Section 3.
<br /> Lender may, 1t any time, collecE and liold Tunds in an asnount(a) suf�eient to permit Lender to apply fhe
<br /> Funds at the time speci�ed under RESPA, and(b)not to exceed the maximum ainount a lender cau reqaire
<br /> uncler RESPA, Lender sha11 estimate the�mount of Funds due on tlie l�asis of current dat�and reasonaUle
<br /> estimatas of expenditures ot fi.ittire Esei•ow Iten�s or otherwise in accord�iice with Applicable I.aw.
<br /> The I'unds shall be lield in an institutioii whose deposit� as�e insured by a federal �gency, instrumentality, or
<br /> �ntity(incluc�ing Lender, if Lender is au institution wllose deposits are so vlsured) or in�ny Federal Hoiaze
<br /> Loai� Bar�l�. Lender shall apply the Fu�1c�s to pay t11e Escz�ow Items no later than the time specifiecl under
<br /> RESPA. Lender shall not ch�i•ge Borrower for llolding and�pplying the I'uiids, annually�tnalyzing the
<br /> escrow account, ot verifying tirle Escrow Iteins, unless Lender pays Borrower inteisst on the Funcls and
<br /> ApplicaUle Law permits Leirder to inalce sucll a charge. Unless an agreeinent is made in writing or
<br /> Applicavle Law requires interest to Ue paid on the runds, Lender sha11 not be required to pay Borrower�ny
<br /> interest or earnings on the Ftu7ds. Borrower�nd Lender ca�i agree in writing, however, tha.t interest s11a11 l�e
<br /> paid on tlle Funcls. Lender shall give to Borrower, without charge, a�i annual accotiinting of the Funds as
<br /> required Uy KCSPA.
<br /> If there is a sui•plus of Ptuzds held in escrow, as de�ned under RESPA, Lender sliall account to Borrower for
<br /> tlie excess funds in�ccordance with [�SPA. If there is a shortage of Funds held in escrow, as defiiled under
<br /> I2�SPA, Lender sliall notify Borrower as rec�uired Uy It�SPA, and Borrower shall pay to Lender the amount
<br /> neeessary tio malce up the sliortage in accordance with RESPA, vu� in no more thau 12 monthly payments. If
<br /> thei•e is a defioiency of Fuiids held in escrow, as delined under IZ�SPA, Lender sliall notiify Boriower as
<br /> 231731
<br /> NEBRASKA-Single Famlly-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3020 1I01
<br /> VM P O VM P6(NE)(1105)
<br /> Wolters Kluwer Flnancial Services Page 5 of 17
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