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2011�923G
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not e�tend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow ltems. Borro�vcr shall pay to Lcndcr on thc day Pcriodic Paymcnts arc duc undcr thc
<br />Note, until the Note is paid in fiill, a sum (the "Funds"} to provide for payment of amonnts due for: (a) ta�es
<br />and assessments and other items which can altain priority over this Security Instrumenl as a lien or
<br />encumbrance on the Property; (b) leasehold pa}�ments or ground rents on the Properly, if any; (c) premiums
<br />for any and all insurance required by Lender under Section 5; and (d} Mortgage insurance premiums, if any,
<br />or an�- sums payable by Borrower to Lender in lieu of tlie pa,yment of Morigage Insurance prenuums in
<br />accordance with the provisions of Section 1(1. These items are called "Escrow Items." At origination or at
<br />am� time during the terni of the Loan, Lender ma�� require that Community Association Dues, Fees, and
<br />Assessments, if an}�, 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 Sccdon.
<br />Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Bonower's obligation to pay
<br />the Funds for any or 111 Escro�v ltems. Lender may waive Borrower's obligalion lo pay to Lender Funds for
<br />any or all EscroH� Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br />Borrower shall pa� directly, when and where payable, the amounts due for an_y Escrow Items for which
<br />payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts
<br />evidencing such payment 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 "co��enant and agreement" is used in Section 9. If
<br />Bonowcr is obligatcd to pay Escrow Itcros dircctly, pursuant to a waivcr, and Borrowcr fails to pay thc
<br />amount due for an Escrow Item, Lender may etiercise 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 amount. Lender may revoke
<br />tl�e waiver as to any or all Escro�v Items at any time b�� a notice given in accordance �vith Section IS and,
<br />upon such revocation, Borrower shall pav to Lender all Funds, and in such amounts, that are then required
<br />under tlus Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the
<br />Funds at the time specified under RESPA, and (b) not to e�ceed the ma.�imuin amount a lender can require
<br />undcr RESPA. Lcndcr shall cstimatc thc amount of Funds duc on thc basis of currcnt data and reasonablc
<br />estirr►ates of espenditures of future Escrow Items or other��ise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agenc}�, instnunentality, or
<br />entity (including Lender, if Lender is an i�utitulion whose deposits are so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under
<br />RESPA. Lender sl�all not cliarge Borrower for holding and applying the Funds, annually analyzing the
<br />escrow account, or verifr ing the Escmw� Items, unless Lender pays Borrow�er 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 writing, 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 there is a surplus of Funds held in escrow, as de�ned under RESPA, Lender sl�ll account to Borrower for
<br />flie e�cess 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 tlie shortage in accordance with RESPA, but in no more dian 12 monthly payments. If
<br />there is a deficienc}� of Funds held in escmw, as defined under RESPA, Lender shall nodfy Borrower as
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br />VMP O VMPB(N� (110� 00
<br />Wolters Kluwer Financial Services Page 5 of 17
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