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200903905
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items. " At origination or at any time during the terrxl ofi the Loan, Lender may require that Conl.nluxlity
<br />Association Dues, Fees, alxd Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furlxish to Lender aII notices of amounts tcx
<br />be paid under this Section. Borrower shall pay Lerxder the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender play waive Borrower's
<br />obligation. to pay to Lender Funds for any or all Escrow hems at any time. Any suc.tl waiver may olxly be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in tlxis Security irxstrurxient, as the plxrase "covenant and agreement"
<br />is used in Section 9. if Borrower is obligated to pay Escrow ltelns directly, pursuant to a waiver, and
<br />Borrower fails to pay dxe amount due for an Escrow item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall tlxen be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow hems at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are tlxen required under this Section 3.
<br />Lender lnay, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed dxe maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an 1llSt1tUt1oI1 whose deposits are insured by a federal at*erxcy,
<br />instrumentality, or entity (includilxg Lender, if Lender is an irxsdtution whose deposits are so insured) or in
<br />any Federal Hoxne Loan Bank.. Lender shall apply tlxe Funds to pay the Escrow Items lxo later than the tirale
<br />specitied under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Ulxless an agreement is made in writing
<br />or Applicable Law requires interest to he paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings olx tlxe Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid otx tlxe Funds. Lelider shall give to Borrower, without charge, an amiual accounting of the
<br />Funds as required by RESPA.
<br />Tf there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />$orrower for the excess funds in accordance with RESPA. if there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender dxe amount necessary to make up the shortage in accordance with RESPA, but ilx no more than 12
<br />monthly payments. if there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required. by RESPA, and Borrower shall pay to Lender tlxe amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 montlxly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, tines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay dxeln in the manner provided in Section 3.
<br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />-61NE) ~oai i ~ Page 5 of 15 inisiais: Fvrm 302$ 1101
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