|
2� 1 ��87�4
<br /> paym�nt�f Funds has been waived by L�nder a�ad� if Lender requires, shall fi�rnish t�L�nd�r receipts
<br /> e�idencing such payment within suc�a time period as Lender may require. Borrower's obligat�on to
<br /> mak�such payrr�ents and to provide re��ipts shall for all purpos�es be deemed t�be a covenant and
<br /> agreement contained in this Security Instrturn�nt, as the phrase "covenant and agreement" is used in
<br /> S�ctian 9. If B�rr�wer is�bligated to pay Escra�v Itenns directly,pursuant to a waiver,and Borrow�r
<br /> fails to pay the a.mount due for an Escrow Item,��nder may ex�rc�s�its rights under Section 9 and
<br /> pay such amount and Barrower shall then be obligated under Section 9 t�r�pay to Lender any such
<br /> amaunt. Lender may re�ake th�waiver as to any ar all Escravv Iterns at any t�me by a n�t�ce g��en in
<br /> accordance w�th S�cti�n 15 and,upon �uch r��ocatian, Borrower shal�pay t�Lender all Funds, and in
<br /> su�h amounts,that are th�n required under thi��ection 3.
<br /> Lender may, at any time,�al�ect and hold Fun�ds in an axr�aunt(a}suff��ient ta permit Lend�r to apply
<br /> t�ae Funds at the t�me specified under R..ESPA,and�b}�ot to exc�ed th�maximum amount a lender
<br /> can r�quire under RESPA.Lender shal�estimat�the amount of Fun�s due on the basis of current data
<br /> and reasonable e�timates of expend�tures of future Escrow Items ar�therwise in accordance with
<br /> Applicable Law.
<br /> The Funds sha�l be heid in an instituti�n whose deposits are insured by a federal agency,
<br /> instrumenta.lity, ar entity��nc�uding Lender, if I�ender is an institution whos�depasits are so insured�
<br /> or in any Federal Home Laan Bank.Lender shali apply the Funds to pay the Escrow It�ms no later
<br /> than the t�me specif ed under RESPA.Lend�r shall n�t charge Borrower for halding and applying the
<br /> Funds, annually analyzi�g the escr�w a�count, or verifying the Escr�w Items,unless Lender pays
<br /> B�rr�vver interest on th�Funds and Applica�le Lav�p�rmits L�nder to make such a charge.Uniess an
<br /> agreem�nt is made in writing or Applicable Law requires interest to he paid�n the Funds,Lender shall
<br /> nQt b�required to pay B�rrow�r ar�y interest�r earnir�gs on the Funds. Barrower and Lender can agree
<br /> in writin�,howe�er,that interest sha�l be paid on the Funds. L�nder�hall gi�e to Borrower,without
<br /> charge,an annua�accvunting�f the Funds as required b}�RESPA.
<br /> If there is a surplus of Funds held in escr�w,as defined under RESPA,Lend�r shall account to
<br /> Borrower for the e��ess funds in accordance with RESP�. If there is a shQrtag�of Funds held in
<br /> escrovv,as defined under RESPA,L�nder shall notify Borrower as requ�red by RESPA,and Borrower
<br /> shall pay t�Lender the amount necessary t�mal�e up the shortage in ac�ordance with RES�A,but
<br /> �n no mare thar� 1 Z monthly p�.yments. If there is a d�fi�iency af F`und�h�ld in�scrow,as defined
<br /> under RESPA,Lender shall notify Borrower as required by RESPA,and B�rrawe�r shall pay to Lender
<br /> the amount necessary to make up the def�ier��y in accardance w�th RESPA,but in na more than 12
<br /> monthly payments.
<br /> Upon payment in full of all sums se�ured hy t�i�s Security Instru�nent,Lender shall promptly refu�ld to
<br /> Barrawer any Funds held by Lender.
<br /> 4. �harges; Li�ns. Borrower shalt pay alI taxes,assessments, charges,fines, and impositions
<br /> attrihuta.ble to the Property which can attain priority over this Security Instrument, lea�ehold payments
<br /> �r ground rents on the Prape�-�y, if any,and��m�nunity A�sociation Dues,Fees,and Assessments, if
<br /> any. To the extent that these items are Escrow It�ms,Barr�wer shall�ay them in the manner pra�ided
<br /> Ill S�Ct1�I1 3.
<br /> Borr�wer sha�l promptly d�scharge any lien which has privrity over th�s Se�urity Instrument unless
<br /> Borrower: �a�agrees in writing to the payrr�ent of the obligation se�ured by the lien in a manner
<br /> acc� table to Lender,�ut only so long as Borr�wer is performing such agr�ement; �l7}Cflllt�StS�7��1�11
<br /> p
<br /> in gaod faith by,or defends against enforcement of th� �ien�x�, legal proceedings which in Lender's
<br /> z3ooaza74a
<br /> NEBRASKA-Single Famiiy-Fanrne MaelFreddie Mac UNIFQRM INSTRUMENT Form 3Q2811��
<br /> VMP� ��1�f]1 fi
<br /> WQoiters Kiuwer Financial Services 2�1 fi1�121 fi 2 D 3885-J�0'!6�72�Y Page 5 of 1 fi
<br />
|