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201109302
<br /> Any application of�ayinents, insurance proceecls, or Miscellaneous Proceeds to principal due under t11e Note
<br /> shall not extend oi•postpone the due date, or change the ainount, of the Periodic Payments,
<br /> 3. Fimds for Escrow It�ms. Bori•ower sllall pay to Lender on the day Periodic Payments �re c�Lie under the
<br /> Note, uiltil the Note is paid in fitll, a sum(tlie"I'unds") to�rovide Foi�payment of ainounts dixe for: (aJ taxes
<br /> and assessinents and othe�iteins which casl atitaii��riority over tliis Security Instrument as a lien or
<br /> encumbrance on the Property; (b)leasehold payinents or ground rents on the Property, if any; (c)�reiniums
<br /> for any and all i�isurance�•equired l�y Lender under Section'S; and(d)Moi�tgage Insurance�remiul�7s, if any,
<br /> or any suins pay�Ule by Borrower to Lencler in lieu of the payinent of Mortg�ge Inst�railce premituus i1i
<br /> accordanc�with theprovisions of Section 10. T'Iiese items are called"�scrow Items." At origination or at
<br /> �iiy time during the terin of the Lo1n, Lender iilay require thlt Conununity Associ�tion Dues, Fees, 1nd
<br /> Assessments, if�z7y, Ue escrowed by Borrower, and such dues, fees and assessments shall be an Escrow
<br /> Itein, Borrower shall�romptly furnish to Len�er �11 notices of amounts to Ue paid under this Section.
<br /> Borrower s11a11 pay Lender the I'unds for Escrow Iteins unless Lender waives Borrower's oUlig�tion to pay
<br /> the Tunds for any or all�scrow Items. Lender may waive Borrower's oUligatioil to pay to Lender Funds for
<br /> �ny or all Escraw I�ems at any tiine. Auy such waiver may only be in writing, IiY'the e`vent of sLich waiver,
<br /> Boirower sha11 pay directly, when and where payable, the ainounts dLte for�ny Escrow Items Cor which
<br /> payineiit of I'uncls has been waived by Leiider and, if Lender requires, shall fiunish to Lencler receipts
<br /> evidei�cing such plyment within such tiine period as Lender may require. Borrower's obligation to malce
<br /> such pa�!meiits a�ld to provid�reaeipts shall for a11 ptuposes Ue deeined to 1�e a covena�'t anc�agreeinent
<br /> contained in tlus�Security I�istitiullent, as the phr�se°ooven��t a�id�greement" is used in Section 9. If
<br /> Borrnwer is oblzglted to pa��scrow Iteins direc�ly, pursuant to a waiver, �nd Boxxower f�ils to pay the
<br /> asnount due for an�scrow Ttem, Lender may exercise its rights under Section 9 and p�y suclz aiilounti and
<br /> Borrower s1�a11 then be obligated under Section 9 to repay ta Lender ariy such amount. Lender may revolce
<br /> the waiver as to any or a11 Escrow Iti�ms 2t any time by a notiice given in aceordance witli Section 15 aud,
<br /> upon such revocation, Borrower sha11 pay to Lender all Funds, and in suc11 amounts, that are then rec�txired
<br /> tuid�r this�Sectioii 3.
<br /> Lender in�y, a�any tiine, collecti and hold I�unds in an amount(a) sLift�cient to p�rmit Lender to apply the
<br /> FLinds at tlie time specified under•RESPA, anc�(U}not to exceed the maxiinum a�nount a lender can require
<br /> under RESPA. Le7ider�hal1 gstimate tha a��lount of I'Lincis dua on the Uasis of current data and reasonaUle
<br /> estiinates of expenditures of fiiture�scrow Iteins or otherwise in accordance with�lpplicable Law.
<br /> The Funds sha11 Ue lielcl in�n ii�stitution whose deposits a�•e insured by a�ec�eral agency, ir7struinenttility, or
<br /> entity(iizclttding Lender, if Lender is an rnstitution whose deposits are so insured) or in any Federal Hon7e
<br /> Loan Banlc. Lender shall apply the runds to p�y the Escrow Items no later tlian t17e tiine specified under
<br /> RESPA, Lender sliall not charge Borrower for holcling aiicl a�plying the rtuids, aiunlally�nalyzing the
<br /> escrow account, or verifying the�scrow Itenis, unless Lencler pays Borrower intei�est on t11e Funds and
<br /> �1pplical�le Law peimits Lender to 1�1�1ce sLich a cllarge. Unless a�i ag��eement is innde in wi'iting or
<br /> Applicable Law reqLiires interest to be paid on the Funds, Leiicl'er ska11 not be required to pfty Borrower asry
<br /> interest or earnings on the I'unds. Borrower 1nd Lender can agree in writing, llowever, that interest shall be
<br /> paid on the I'unds. Lender sh�ll give to Borrower, without charge, �n�m1u�1 accounting of the rtitnds as
<br /> required Uy I2�SPA,
<br /> If there is � surphis of runds held iri escrow, as defined under IZESPA, Lender shall ac�ount to Borrower for
<br /> the excess funds in lccordance with 1t�SPA, If there is a shortage of I'unds held in escrow, �s defined urlder
<br /> RESPA, Lender sliall notify Borrower as requirecl by RCSPA, and Borrower shall pay to Lender the�timoLYnt
<br /> necessaiy to illalca tYp the shortage ii�accorda�ice with RESPA, Utit in no more than 12 montl�ly paymeuts. If
<br /> there is � de�cieiicy of Funds held in escrow, as de�ned undei•I2�SPA, Lender s1ia11 notify Borrower as
<br /> 231232
<br /> NEBRASKA-Single Famlly-Fannle Mae/Freddle Mac UNIFORM INSTRUMENT Form 302a 1I01
<br /> VM P� VM P6(NE)(1106)
<br /> Wolters Kluwer Financlal Services Page 5 of 17
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