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20120�150
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in acc�rdance with the provisions of Section 10. These iteins are calle� 'Bscrow
<br />Items." At originarion or at any time during the term of the Loan, Lender may re,quire that Community
<br />Association Dues, Fees, ar�d Assessments, if any, be esa°oweri by Brnrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender a11 notices of amounts to
<br />be paid under this Section. Bonower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Barrower' s obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower' s
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for wluch payment of Funds has b�n waive� by Lender and, if Lender re�uires,
<br />shall furnish to Lender re�eipts evidencing such payment within such time period as Lender may require.
<br />Borrower' s obligation to make such payments and to provide receipts shall for a11 puaposes be d�med to
<br />be a cflvenant and agreement containerl in ttris S�vrity Inslrument, as the phrase "covenant and agreement"
<br />is used in S�tion 9. If Borrower is obligated to pa.y Escrow Items dir�tly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Bonower shall then be obligated under S�tion 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Bonower shall pay to Lender all Funds, and in
<br />such amounts, that are then r�uired under this S�tion 3.
<br />Lender may, at any time, collect and hold Funds in an �nount (a) sufficient to permit Lender to apply
<br />the Funds at the time sp�ifierl under RESPA, and (b) not to exc�d the maximum amount a lender c�r►
<br />require under RESPA. Lender sha11 �timate the amount of Funds due on the basis of current data and
<br />re�sonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicmble
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insarefl) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specifiecl under RESPA. Lender shall not charge Bonower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pernvts Lender to make such a charge. Unle.s.s an agreement is made in writing
<br />or Applic�ble Law reguires interest to be paid on the Funds, Lender shall not be requir� to pay Bonower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Horrower, without charge, aa annual accounting of the
<br />Funds as require� by RESPA
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as define� under RESPA, Lender shall noNfy �nower as re�uire� by RESPA, and Borrower shall pay to
<br />Lender the aznount n�;essary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as requir� by RESPA, and Borrower shall pay to L.ender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthiy payments.
<br />Upon payment in fu11 of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />gound rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these itezns are Escrow Items, Borrower sha11 pay them in the manner provided in S�tion 3.
<br />2300070575 D V6ANE
<br />NEBRASKA - Single Family - Fannle Mae/Freddie AAac UNIFORM INSTRUMENT WITH��� —
<br />�-6A(N� �os�o� Page 5 of 16 i�;� �� Form 3028 1/01
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