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<br />premIwDs, if lIllY, or illY sums payable by Borrower to ~cr in lieu. of tho payment of Mortgage
<br />lDsuram:c premiUlllll in accordaDce with tho pmVislOIlS of Sectlon 10. Tbc8c iteIllll lUll called "Escrow
<br />ItemI." At origination or at illY limo durlng tho tem! of tho Loan, Lender may require that Community
<br />Association Dues, Fees, and AssesSllll'lltll, if any, be escrowed by Borrower, and such dues, fees and
<br />_lIDlCIlts shall be an Escrow Item, Borrower shlllI promptly fumi&h 10 Lender all noticea of amounts to
<br />be paid under tbls SecIlon. Borrower slwll pay Lender the Funds for Escrow Items unless Lender WaiVCll
<br />Borrower's obliptlon to pay the Funds fur any or all HBcrow IteIIIlI. Lender may waive Borrower's
<br />obligation to pay to Leoder Funds fur any or all Escrow IteIIIlI at IlIIY time. AJJ.y such waiver may oDly be
<br />in writing. In the cvcul of IIIIch waiver, Borrower shall pay directly, when and where payable, the llUlOu,ots
<br />due fur IlIIY Escrow ItemI for which payment of Funds bas bCCll waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts cvidcIx:iui S\\ch paymcul withiu. S\\ch time period as Lender may require.
<br />Borrower's obliptlon to IlIllke such paYJllllllts and to provide receipts shall fur all pwposes be deemed 10
<br />be a coVODW and agreement contllincd in this Security Instrument, as the phrase "covenant and agreement'
<br />is used in Section 9. If Borrower is obliJa1ed 10 pay Escrow III:wS direct1y, pursuanllo a waiver, and
<br />Borrower falls to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such SlIlO\IDt and Borrower shall then be obligated Ullder Section 9 to repay to Lender any such
<br />amount. Lender may Jevoke the waiver as to IlIIY or all Escrow Items at IlIIY time by a notice given in
<br />accordance with Section IS and, upon S\\ch revocation, Borrower shall pay to Lender all Funds, and in
<br />S1.Ich lIIllOUIIt8, that are then ICqUired under tbls Section 3.
<br />Lender may, at IlIIY limo, collect and hold Fund8 in an llIIIOllDt (II) sufficicul to pemdt Lender to apply
<br />the Funds at the tlme specified under RESPA, and (b) nollo exceed the maximum amount a lender can
<br />require under RESP A. Lender shall estimate the IIDlOIlDt of Funds ~ On the basis of cunem data and
<br />reasanable estimates of expeIllIitures of future Escrow Items O[ otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an Institution whose deposits are insured by a federe1 ageJlCy,
<br />instMnenlaIity, or entity (including Lender, If Lender is an institution whose deposits are so insured) or in
<br />any FcderaI Home Loan Bank. Lender Ilhall apply the Funds to pay the Esl.1l'OW IIeID8 no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the ClICtOW account, or verifying the Escrow Items, unten Lelldet pays Borrower interest on the
<br />Funds and Applicable Law pennits Lender to make such a charge. Unless an agreement is J1IlIlie in writing
<br />OJ Applicsble Law require8 Interest to be pllid on the Funds, Lender shall not be required 10 pay Borrower
<br />any Interest or earnings on the Funds, Borrower and Lender can agree in writing, however, that interest
<br />sball be paid on the Funds. Leuder slwll give to Borrower, without charge, an annual accou.ntlng of the
<br />Funds as required by RESP A.
<br />If there Is a surplus of Funds bold In escrow, lIS defined UIlder RESP A, 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 />III defined wder RESP A, Lender shall notify Borrower as required by lUlSP A, and Borrower shall pay to
<br />Leoder the llUlOunI _sHY to make up the shortage in accordanr:e withRESPA, but in DO more than 12
<br />mouth1y payments. If there is II deficiency of Funds held in eacrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the lUIIOunt nece5lIary 10 make
<br />up the deficiem:y in accordance with RESPA, but in 110 mote than 12 monthly pIIyments.
<br />Upon payment in full of all S\IWIl secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charles; Lteos, Borrower shall pay aU taxes, asSCS!llllDllts, c1wJOs, fines, and hnpositinDS
<br />attribulllb1e to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and ColDlllllDity Associatinn Duell, Fees, and Assessments, if any. To
<br />the extent that these items are Bserow Items, Borrower shllll pay them iu the IIIlIIlIIer provided in Section 3.
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<br />8016730387 8016730387
<br />NEBIlASKA - Slnlllo FamllV . Fannl. M..lFtoddl. Msa UNIFORM INSTRUMENT <:'])11 ^^ 0
<br />1'!lIIl-8INEIIO"," "",., .11' ......, ~ ' I'o'm 3028 1/01
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