|
2oiooo7s~
<br />premiums, if any, ar any sums payable by Borrower to Lender in lieu of the payment of Mart.gage
<br />Insurance premiums in accordanen with. the provisions of Section 1.0. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lendex tray 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. Sorrpwer shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Barrawer shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds far any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any tithe. Any such waiver tray only be
<br />in writing. In the event of such waiver, Borrower snail 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 this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If 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 anal Barrawer shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any yr all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Harrower shall pay to Under all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any tithe, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specifed under RESPA, and (b) net to exceed the maxitxtum amount a lender can
<br />require under RESPA. Lender shall estimate the amattnt of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items ar 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 />instrumentality, or entity (including Lender, if Lender is an institution whose deposits arc so insured) ur in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow hems na later than the time
<br />specified. under RESPA. Lender shall not charge Borrower far holding and applyittg the Funds, annually
<br />analyziztg the escrow account, or verifying the Escrow Items, utiless Lender pays 13orrnwer interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires .interest to be paid an the Funds, Lender shall hat be required to pay Borrower
<br />any interest ar comings vn 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 />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower fax 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 Harrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no mare than l2
<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 Harrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payrrient in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Harrower any Funds held by Lender.
<br />4. Charges; Liens. Harrower 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 vn the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow ]toms, Harrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA -Single Family -Fannie MaelFraddie Mac UNIFORM INSTRUMENT
<br />-6(Nt=1 {0871) Pege 5 of 15 i"+t+"+a: ~ Form 3028 1141
<br />
|