|
201200339
<br /> may require. Borrower's obligation to make sucl� payments and to provide receipts shall for all purposes
<br /> be deemed to be a covenant and agrecmentcontained in this Security Instrument,as the phrase"covenant
<br /> and xgreement" is used in Section 9. Tf Borrower is obligatcd to pay Escro�v Items directly, pursaant w
<br /> a waiver,and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights
<br /> under Sectiun 9 and pay such amount and Borrower shall then he obligated under Section 9 to repay to
<br /> Lender any such amount. Lendcr may revoke the waiver as to any or all Fscrow ltems a[any time by a
<br /> notice given in accordance with Scction I S and,upon such revocation,Borrower shall pay to Lender all
<br /> Funds, and in such atnounts, that are then requircd under this Section 3.
<br /> Lender may,at any time, collect and hold Funds in an xmoani(a)sufficient to permit Lender to apply
<br /> thc Funds at the time specitied under RESPA, and(b)not lo exceed the maximum amoont a lender can
<br /> require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br /> reasonable estimates of expcnditures of future Escrow Items or othcrwise in accordance with npplicable
<br /> Law.
<br /> Thc Funds shall be hcld in an institution whose deposits arc insured by a federal xgency, instrumentality,
<br /> or entiry (including Lendcr, if Lender is an insti[ution whose dcposits are so insured)or in any Federal
<br /> Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than thc time specified
<br /> under RESPA.Lender shall not charge Borrower for holding and applying the Funds,annual ly analyzing
<br /> the escrow account, or verifying the Rscrow Items, unlcss Lender pays Borrower interest on the Funds
<br /> and Applicable Law permiu Lender to make such a charge. Unless an agreemenl is made in writing or
<br /> Applicable Law requires intcres[to be paid on die Funds, Lender shall not be required to pay Borrower
<br /> any interest or earnings on the Punds. Borrower and Lender can agree in writing, however, thal interest
<br /> shall be paid on Ihe Funds Lender shall give to Borrowcr, withou[charge, an annoal accounting oCthe
<br /> Funds as reyuired by RCSPA.
<br /> I f there is a surplus of Funds held in escrow,as defined under RCSPA, Lender shall aceount to Borrower
<br /> for the excess funds in accordance with RESPA.Ifthere is a shortage of F'unds held in escrow,as detined
<br /> under RF,SPA, Lender shall notify IIorruwer as required by RESPA, and T3orrower shall p1y to Lender
<br /> the amoont necessary to make up The shortagc in accordance with RESPA,but in no more Than 12 monthly
<br /> payments. If thcre is a deficiency of Funds held in escrow, as defincd under RESPA,I,ender shal I notify
<br /> Borrower as reyuired Uy RCSVA. and Borrower shall pay to Lender the amottnt necessary to make up
<br /> the deficiency in accordance with RESPA, but in no more than 12 monlhly payments.
<br /> Ilpon payment in full ofall sums secured by this Security Inst�l�ment, Lendcrshall promptly refund to
<br /> Borrower any Funds held by Lender.
<br /> 4.Charge5; Liens. Rorrower shal l pay all t ixes,usessments,chnrges,fincs,and impositions attribu[able
<br /> to the Vroperty which can attain priority over this Security Instrument, leasehuld payments or ground
<br /> rents on the Properry, if any, and Community Association Dues, Fees, and Assessmenls, if anv. To the
<br /> extent that these ilems are Gscrow Items, [3orrower shall pay them in the manner providcd in Section 3.
<br /> Borrower shall prompUy discharge any lien which has priority over this 6ecurity lnstrument unlcss
<br /> Borrower.(a)agrees in writing to the payment ofthe obligation secured by the lien in a manner acceptable
<br /> to Lender,but only so long as Borrower is performing such agreemcnt;(b)contests the licn in good faith
<br /> by, or defends against enforcemen[of[he lien in, legal proceedings which in Lender's opinion operate
<br /> NEBRASKhfiin le Famil- 195866]5]B
<br /> g y Fennie Mae�Fretldie Mac UMFORM INSTFUMENT Po�m 3028 IlOt
<br /> '�Y./�..� 09110
<br /> VMPW Il..nn:�
<br /> WoltersKluwerFinancial5ervices 201H21540�04002J201�02G9Y Nmals r���Y PageSOit]
<br /> III�IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII�II�����IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
<br />
|