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201109428 <br /> Any ap�licatiion of paymen�s, insura�ice�roceeds, or 1V�iscellaneous P�oceeds to principal due under tlie Note <br /> shall not extei�d or postpone the due date, or change the�mount, of the Periodic Payments, <br /> 3, I'unds for Eserow Items. Borrower sh�ll pay to Lender on the day Periodic P�yinents are due uiider the <br /> Note, until the Note is paid ir1 fu11, a s�un(tlie°Funds") ta�rovide for pa�ment of amounts due for: (a)taxes <br /> and assessments and otller itams which can attain pi•iority over this Security Tnstrument as a lien or <br /> encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c)premiums <br /> for a11y asid all insurance required by Lender under Section 5; and(d)Mortgage Insurance preiniums, if any, <br /> or any sunls payaUle by Borrower to Lender in lieu of tlie payment of Mortgage Insurance premiums in <br /> �ccorc�ance with the provisions of Section 10. These items are called"Escrow Iteins." At origination or at <br /> any tiine duriilg the teriiz of tlre Lo�n, Lender inay require tlilt Conununity Associ�tition Dues, Fees, �nd <br /> flssessments, if any, be escrowed by Borrower, aild such dues, fees and assessments shall be�n Escrow <br /> Itein. Borrower shall prolnptly fitrnish to Lender a11 notices of ainounts to ve�aid tinder tliis Section. <br /> Borrower shall p�y Lender the I'unds For�scrow Items unless Leilder waives Borrower's obligation to pay <br /> the Fuiids for any or all Escrow Items. Lender inay waive Borrower's oUligation to pay to Lencler runds for <br /> �ny or all Escrow Iteins at aily tiine. Any such waiver in�y only be in writiilg. In the event of such waiver, <br /> Borrower sha11 pay directly, whe�1 aizd wher�payal�le, the amounts due for any L�scrow Ttems for which <br /> payme�lt of Funds has beeii waived by Lender and, a�Lender requires, s11a11 furnislz to L�nder receipts <br /> evidencing such pa.yment within such time period as Lender inay require. Borrower's obligation to inalce <br /> such p�yments and to provide receipts shall for all�ur�oses be deemed to Ue a coven�iit and agreeinent <br /> cont�ined in this Sectitrity Instrtiunent, as the pin•ase'bovenaut and�greamenti" is used in S�ction 9. If <br /> Borrower is obligated to pay�scrow Tteil7s directly, pursuar�t to a waiver, aud Borrower fails to�ay the <br /> amount due for an Escrow Itein, Lender may exercise its z•ights ui�der Section 9 aiid pay sucli�tinount 1nd <br /> Borrower shall then be obligated under Sectioii�to repay to Lender any such a�nouiit. Lender may revolce <br /> the wliver as to any or all Escrow Items at any time Uy a notice given in�ccordaiice with Sectioil 15 �iid, <br /> upon such revocation, Borrower sha11 pay to Lender all Funds; and in sLtch amounts, that are�heii required <br /> under this Section 3. <br /> Lender��a�, at any tiine, callect a�nd hold Funds iil as7 ainott�lti(�) sufficient to permit Lender to ap�ly�he <br /> Funds at the time speci�ecl titnder IZ�SPA, and(b)not to exceed the i�aaximuin a�1loLUit a lender can require <br /> uncler R�SPA, Lender shall estimate the ail�ount of Funds due on the basis of current dat� and reason�ble <br /> estiinates o�expenditures of Luture Escrow Items or otllerwise in accordance with Applicable Law. <br /> The Furlds shall be held in a�i institution whose deposits are insured by a federal agency, instrumentality, or <br /> eiYtity(including Lender, iC Lender is aii institution vvhose deposits are so insured) or in any�ederal Home <br /> Loan Banlc. Lender shall apply the runels to pay tlie Escrow Items no later thaii the tiine specified under <br /> R�SPE1. Lender shall not chlrge Borrower fot•1lolding and applyiiig the Fiinds, an�iti�ally a�ialyzing tke <br /> escrow account, or verifying the�scrow Items, unless Lender pays Borrower interest on the I'unds and <br /> Applicable Law persnits Lender to 1nalca suc11 a chas•ge. Unless�n�greement is inade in writing or <br /> A�plicabl�Law i•ec�uires interest to be paid o1z the Ftinds, Lencler sliall not be rec�ui�•ed to pay Borrower any <br /> interast or eari7ings o�z tihe Funds. Bor�ower and Lender can�gree in writing, Yzowever, that interest sh�ll be <br /> p�id on the Funds. Lencler sh111 give to Borrowei�, withotit charge, an aruztial accouilting of the I'Ltnds as <br /> required by I�SPA. <br /> If tliere is� surplus of runds helcl in escrow, as de�necl under RESPA, Leiider shall lccouiit to Borrower for <br /> the excess fiinds in accoi•dlnce wit11 RESPA, If there is a shortage of I'uncls held in escrow, as defiiied under <br /> R�SPA, Lender shall natify Bori�ower �s rec�uired Uy R�SPA, and Borrower sh�11 pay to Lender the ainount <br /> iiecessaiy to m�lce up the shortage in lccordance witih R�SPA, vut in no inore tlzan 12 monthly payments. IP <br /> there is a c�efciency of I'unds held in escrow, �s def"ined under RESPA, Lender shall notify Borrower as <br /> 231234 <br /> NEBRASKA-SIngle Family-Fannle M aelFreddle M ac UNIFORM INSTRUM ENT Form 3028 1/01 <br /> VM P O VM P6(NE)(1105) <br /> Wolters Kluwer Financlal Services Page 5 of 17 <br />