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<br />200701002
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<br />Items." At origination or at any time during the tenn of the Loan, Lender may require that Community
<br />A~~ociation Du~~, Fe~~, and A~~~~~Ill~nt~, ir anv, b~ ~~clOw~d by BOITower, and ~ueb due~. rce~ and
<br />assessments shall be an Escrow Item. Borrower shall promptly hl11llsh to Lender all notice~ or amounts
<br />to be paid under thi~ Section. BOllower ~hall pay Lender the Fund~ lin E~(;lOW Item~ llll]e~~ Lender
<br />waives Borrower's obligation to pay the Funds ror any or all Escrow Items. Lender may waive
<br />Horrower's ohligation to pay to I ,ender "und~ ror any or all ] ':~erow Item~ at any time. ^ny ~u(;h waiver
<br />may only be in writing. In the event or ~ueh waiver, HOllower ~hall pay diredly, when and where
<br />payable, the amounts due for any ]':serow Items tilr whieb payment of Funds has been WaIved by Lender
<br />and, if Lender requires, shall fU01ish to I.ender receipts evidencing such payment within such tim~ p~riod
<br />as Lender may require. Borrower's obligation to make such payments and to provide receipts sball ror all
<br />purposes be deemed to be a covenant and agreement contained in this Security InstrumenL as the phrase
<br />"covenant and agreement" is usedm Section 9. If Borrower is obligated to pay Escrow Items directly,
<br />pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow ILem, Lender may exercise
<br />its rights under Section 9 and pay SUd1 amount and BOllower shall then be obligated under Section') to
<br />repay to I,ender any such amOlUlt. Lender may revoke the waiver as to any or all Escrow Items at any
<br />time hy a notice given in accordance with Section 15 and, upon such revocation, BOITower shall pay to
<br />Lender all Funds, and in such amounts, that arc then rel,luired under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to pcrmit Lender to
<br />apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender
<br />can require under RI':SP^. I,ender sball estimate tbe amount or I'unds due on the basis or current data
<br />and reasonable estimates of expenditures of futme Escrow Items or otherwise in accordance with
<br />Applicable Law.
<br />The Funds shall be hcld in an institution whose deposits are insurecl by a federal agency,
<br />mstnm1~nlality, or entity (including Lender, if Lender is an institution whose deposits arc so insured) or
<br />in any I'ederal Home Loan Hank. Lender ~hall apply the Funds to pay the hscrow Items no lakr than the
<br />time specified llllder RESPA. L~nder shall not charg~ Borrower for holding and applying tbe Funds,
<br />annually analyzing the escrow account. or verifying the Liserow Hems, unless Lender pays B011'0wer
<br />interest on the Funds and Applicable I,aw penuits I ,ender to make such a charge. Unless an agreement is
<br />made in writing or Applicable Law requires interest to be paid on the I'unds, I,ender sball not be required
<br />to pay Borrower any interest or earnings on the Funds. HOITower and L~ncler can agree in writing,
<br />however, that interest shall be pmd on the Funds. Lender shall give to Borrower, without cbarge, an
<br />annual accounting of the Funds as required by RESPA
<br />II' there is a surplus of Funds held in escrow, as defined under RES!'A, I,ender sball account to
<br />BOllower for the ~X(;~SS funds Ul accordance with RESPA. If there is a shortage of hmds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shol1age in accordance with RESPA, but in llO more than 12
<br />monthly payments. II' there is a deficiency of Funds held in escrow, as defined under RESPA, Lender
<br />shall notify BOITowcr as required by RESPA, and BOITower shall pay to Lender the amount necessary to
<br />make up the defieielley in accordance with RhSI'^, but in no more than 12 monthly payments.
<br />Upon payment in full or all sums secured by this Security Instrument Lender shall promptly
<br />refund to Borrower any F1Ulds held by Lender.
<br />4. Char~es; 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 />ground rents on the Property, if any, and Community Association I)\les, Fees, and Assessments, if any.
<br />To the extent that th~~e it~ms ar~ Escrow lt~ms, I3oITow~r shall pay them in tbe manner provided in
<br />Section 3.
<br />Borrower shall promptly discharge any lien whieh has priority over this Security Instrument
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<br />NEBRASKA - Single Family - Fannie Mae/~'I"eddie :\1al" 1:"IIFORM INSTRlIMENT WITH MERS FOI"'" 3U2H 1/01
<br />VMP~6A(NE)(0407),Ol Page 5 of t6 " . /JO /Y'O
<br />Inlt.als: Db /UlJ
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