|
2� 1 ��8349
<br /> wai�e Borrower's oblsgation to pay to Lender Funds for any or all L�'scrow Items at any time. Any su�h wa��er may
<br /> an�y be in writing. In the e�ent af such vvaf�er. Barrawer shall pay direCtly, when and where payable, the amaunts
<br /> due for any Escrow �t�ms far wh��h payment of Fur�ds has �een wai�ed by Lender and, if Lender requires, sha11
<br /> furnish tv Lender receipts evidencing su�h payment within such �ime period as Lender may reQuire. Borr�wer's
<br /> abligation to make such payments and to pro�rde receip�s shall for all purposes be d�emed tn be a c��enan� and
<br /> agreement contained in th�s Security Instrument, as the phrase "co�enant and agreement" is used in Section 9. If
<br /> Borrawer�s obliga�ed to pay Eserow Items drre�tly, pursuant t�a wai�er, and Borrovver fai�s ta pay the amount due
<br /> for an Escrow item, Lender rrlay exercise i�s rights under Sec�i�n 9 and pay such amount and Borrower shall then be
<br /> abliga�ed under Sectian 9�o repay to Lender any su�h amou.nt. Lender may re�oke th�wai�er as to any or all Escrow
<br /> Items at any tim�by a notice gi�en in accordance with Section 14 and, upon such re�ocat�on, Borrov►�er shali pay to
<br /> Lender a�l Funds, and in such amounts, that are then requir�d�nder this Section 3.
<br /> Lender may, a�any time, col iLct and hold Funds in�.n amount�a}sufficient to permit Lender ta appiy the Funds
<br /> at the time specified under RESPA, ar�d�b}nat to exc�Pd the maximum am�unt a lender�an require under RESPA.
<br /> Lender sha11 estimate the amount of Fund�due o�th�basis of current data and reasanable estimates of expenditures
<br /> of fu�ure EscrovW Items or at�erv�ise in accardance with Applicab�� Law.
<br /> The Funds shall be held in an institu��on whose deposits are insured by a federal agency, instrumentality, or
<br /> entity �including Lender, if Lender is an institut�on whose deposi�s are so �nsured} ar in any Federal Home Loan
<br /> Bank. Lender shall apply the Funds to pay th� Escrow Items no Ia�er than the time specified under RESPA. Lender
<br /> shall nat charge Borrower for holding and applying the Funds, annually analyzing the escraw account, or�erifying
<br /> the Escraw Items, unless Lender pays Borrower in�erest on the Funds and A�piicable Law permits Lender to make
<br /> such a charge. Unless an agreement is made in writing or Appl��able Law requlres interest to be pa�d on the Funds,
<br /> Lender shail not be required to pay Borrower any interest ar earnings on the Funds. Sorrawer and Lender ean agree
<br /> 1t7 WI'1t117�, however, that interest shall be paid on the Funds. Lender shal� gi�e to Borr�w�r, withaut charge, an
<br /> annual accaunting of�he Funds as required by RESPA.
<br /> If there is a surplus of Funds held in es�row, as defined under RESPA, Lender shall account to Borrower for
<br /> th�excess funds in accordanc�with RESPA. I f there is a shartage of Funds held in escraw,as defined under RESPA.,
<br /> Lender shall no�ify Borrawer as required by RESFA, and Borrower shall pay ta Lender the amount necessary to make
<br /> up the shortage in accordance with F�ESPA, but in no m�re than 1�month�y payments. If there is a deficiency of
<br /> Funds held in escrow, as defined under RESPA, Lender shal�n�tify B�rrawer as requ�red by RESPA, and Borrawer
<br /> shali pay to Lender the amount nec�ssary to rnake up the def c}�ncy in accordance with RESPA, bu�in no more than
<br /> 12 mon�hly payments.
<br /> Upon payment in fu�l of all sums secured by this Security�nstrument, Lender shall promptly refund�o Borrower
<br /> any Funds held by Lender.
<br /> 4. Charges; Liens. Borrower�hall pay all tax�s, assessrnents, charges, fines, and impQsi�ions attribu�able to
<br /> the Property whic� can attain priori�y aver this �e�urity Instrument, leasehoid paym�nts or �r�u�rd rents on the
<br /> Property, if any, and�ommunity Assaciat��n Dues, Fees, and Assessments, �f any. To th�exten�tha�these items
<br /> are Escrv�v It�ms, Borrower shall pay them in the manr�er pro�ided in Section 3.
<br /> Borrower shall promptly discharge any lie��vhich has priority o�er�his Security�nstrument unless Borr�wer:
<br /> �a}agrees in vr�riting to the payment of�he obligation secur�d by the Iien in a manner acceptahle to Lender, but anly
<br /> so long as Borrower is performing such agreen��nt; (b} contests the lten in good faith by, or defends against
<br /> enforcement of the]ien in, legal proceedings which in Lender's apinion operate to pre�ent the enforcement�f the lien
<br /> while those pr�ceedings are pending, but anly until such proceedings are c�nc�uded; or �c} secures from the ho�der
<br /> of the �ien an agreemen� satisfactory to Lender 5ubordinatipg the lien to thls Security Instrument. If Lender
<br /> determines that any par�of the Property is subject to a lien which can atta�n priority o�er th�s Secur��y instrum�nt,
<br /> Lender may give Barrower a natice iden�ifying the lien. Within 10 days of the date an which that no�ice is gi�en,
<br /> Borrawer shall satisfy the lien or take one�r mor�of the actions set forth abo�e 1n th�s Section 4.
<br /> Lender may reyuire Borrower to pay a one-time charge for a real e�tate tax�erification andlar reporting ser�ice
<br /> used by Lender in connection vvith this Lflan.
<br /> NEBRASKA-Single Family-UNIF�RM iNSTRUMENT D�c�aglc
<br /> M��l FI ED F�R DEPARTMENT OF V ETERAN S AFFA�RS - MERS w vvw.docmagrc.com
<br /> (Rev. �la'i} Page 5 of 14
<br />
|