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2009U972G
<br />premiums, if any, or any surrrs 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 ai arty time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under Wis Section. Borrower shall pay Lender the Furls for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Esemw Items ai any dme. Any such waiver may only 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 i.ender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's ol>ligaaon to make such payments and to provide receipts shall for all purposes be deemed m
<br />be a covenant and agreement contained in this Security h~tnrment, as the phrase "coverraru and agreement"
<br />is used in Section 9. V Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Leader any such
<br />amount. Lender may revoke the waiver its tU arty or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay io Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to pemrit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require urrkr RF.SPA. I.en~ler 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 institution whose deposits are insured by a federal agency,
<br />instnurrentality, or entity (including Leader, if Leader is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds io pay the Escrow Items no later than the time
<br />specified under RF.SPA. i.errcler shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow accour>t, or verifying the Escrow Items, unless Lender pays &rnrower interest on the
<br />Funds and Applicable Law pemuts Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required m pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />U there is a surplus of Funds held in escrow, as dc~rn:d urrdcr KFSYA, 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 />as defined under RESPA, Lender shall notify Borrower as required by RF.SPA, and Borrower shall pay to
<br />Lender the amourrt necessary to make up the shortage in accondarrce with RFSPA, but in rro more than 12
<br />monthly payments. If tlrere is a deficiency of Funds held in escrow, as defined antler RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to I.errder the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 montWY l~Y~~•
<br />Upon payment in full of all sums secured by this Security hrstmment, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, acrd impositions
<br />attributable b the Property which can attain priority over this Security Instnrmeni, leasehold payments or
<br />ground rerNs on the Property, if any, and Community Association Dues, Fees, and Assessments, if arty. To
<br />we extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />001120991870 CitiMortgage 3.2.27.13 V5
<br />NFERASKA -Single Family -Fannie MaelFnxtdie Mac UNIFdRM INSTRUMENT TH MERS
<br />-BA(Nq laeiol Page s of rs iambi:: Form 3028 1101
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