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. 201201751
<br /> encumbrance on the Propetty;(b) leasehold payments or ground rents on the Property, if any;(c)premiums for any
<br /> and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums
<br /> payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with [he
<br /> provisions of Section 10. These items are called"Escrow Items." At origination or at any time during the term of
<br /> the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by
<br /> Bocrower,and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender
<br /> all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless
<br /> Lender waives Bomower'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 in writing.
<br /> In the event of such waiver, Borrower shall pay directly,when and where payable, the amounts due for any Escrow
<br /> Items for which payment of Funds has been waived by L,ender and, if Lender requires, shall fumish to Lender
<br /> receipts evidencing such payment wi[hin 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 con[ained in
<br /> this Security Instrument, as the phrase "covenant and agreemenP' is used in Sedion 9. If Borrower is obligated to
<br /> pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due For an Escrow Item,
<br /> Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be vbligated under
<br /> Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or alI Escrow Items at any
<br /> time by a notice given in accordance with Section I S and, upon such revocation, Borrower shall pay m Lender all
<br /> Funds,and in such amounts,that are then required under this 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 exceed the ma�cimum amount a lender can require under
<br /> RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of
<br /> expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality,or
<br /> entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
<br /> Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<br /> shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account,or verifying
<br /> the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br /> such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br /> Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree
<br /> in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an
<br /> annual accounting of[he Funds as required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower
<br /> for fhe excess 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 Borrower shall pay to Lender the amount
<br /> necessary to make up the shortage in acwrdance with RGSPA, but in no more than 12 monthly payments. If there
<br /> is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by
<br /> RESPA, and Borcower shall pay ro Lender the amount necessary to make up the deficiency in accordance with
<br /> RESPA,but in no more than l2 monthly payments.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to
<br /> Borrower any Funds held by Lender.
<br /> 4. Charges; Liens. Borrower shall pay all taees, assessments, charges, fines, and impositions
<br /> attributable to the Property which can attain priority over this Sccurity Instrument, leasehold payments or ground
<br /> rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that
<br /> these items are Escrow Items,Borrower shall pay them in the manner provided in Section 3.
<br /> NEDRASKA-SinglcFamily-FannicMae/FreddieMacUNIFORM1IINS'fRUN1ENTWITHMERS Form302R i/Ol
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