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20~oo544s
<br />premiums, if any, or any sunxs payable by I~orrower to I_,endcr in lieu nl' the payment of Mortgage
<br />Irrsurarrce prerrriurns iri accordance with the provisions of Section 1~. "f"hose items are called "Escrow
<br />Itenxs." At origination c.~r at airy time during the terra ok' the Loan, I.,erxder may require that Community
<br />Association Dues, I~ecs, and Asscssm4uts, if any, be escrowed by Borznwer, and such dues, fees and
<br />assessments shall he art Escrow Item. l;orrowez shall prorrrptly furrrislr to Lender all notices of amounts to
<br />be paid under llris Section. Borrower shall pay I.,ender tkre Furrds for Escrow hems unless Lender waives
<br />13ornower`s obligation to pay the Funds 1'nr any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender funds for any ar all Escrow Items at any time. Any such waiver may only be
<br />in writing. In the everxl of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />clue for any Escrow Items fnz which payment of funds has been waived by Lender and, if Lender requires,
<br />shall f'uznish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to snake such payments and to provide zeceipts 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 waivez, and
<br />Borrower fails to pay tkte arxu~urrt due 1"or an Escrow Item, I..ender may exercise its rights undez Section 9
<br />acrd pay such amount and l3nrrnwer shall then be obligated urrdez Sccticin 9 to repay to bender any such
<br />aniourrt. I_,ender may revoke the waive-r as to any or all Escrow Itcnxs at airy time by a notice given in
<br />accordance with 5cctinn 15 arrd, upon such ncvocatian, l3arrowcr shall pay to Lender all funds, and in
<br />such. amounts, that arc tlxen reyuired under this Section 3.
<br />Lcndcr nxay, a[ arty tirrre, collect and hold funds in an arxrourrt (a) sufficient to permit Lender to apply
<br />the funds at the time specified under RESPA, and (h) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount cat Funds due on the basis of current data and
<br />reasonahlc estimates of expenditures of future 1:?scrow Itcuxs ar otherwise in accordance with Applicable
<br />Law.
<br />"1"he Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />irrstrurxxenlalily, ar entity (irxcludirrg Iacnder, il' T.,endcr is an institutiarr wkrose deposits are so insured) or in
<br />any federal Ilome I.,oar'r Barrk..I.erxdez slxall apply tlrc funds Cu pay the Escrow Items no later than the time
<br />specified urrdcr RESPA. I.,erxdcz shall not charge Borrower for holding and applying tlrc Funds, annually
<br />analyzing the escrow account, ur verrtyirrg the l:;scrcrw Items, unless I,erxdcr pays Borrower interest on the
<br />Funds and Applicable l.aw permits Leader to make such a change. YJzrlcss an agreement is made in writing
<br />or Applicable I..aw requires interest to be paid on the funds, I.cnder shall trot be required to pay Borrower
<br />arty interest or eaznings un the Furxds. Borrower and I,endez can agree in writing, however, that interest
<br />shall be paid on the funds. I,ertder shall give to Borrower, without charge, an annual accounting of the
<br />Iaurrds as required by RESPA.
<br />If there is a surplus of Funds held in esGCPw, as defined under RESPA, 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, T.,erxder shall notify Borrower as required by 1ZESYA, and I3orzower shall pay to
<br />Lender the amount necessary to rxiake up the shortage irr accordance with RESPA, but in no mare than 12
<br />rrront111y payments. If there is a deficiency of Funds held in escrow, as dcl'incd under RESPA, Lender shall
<br />notify Borrowcz as reyurred by RESPA, and Borrower shall pay to I..cndcz the amount necessary to make
<br />up the deficiency in accordance with. IZf;SPA, but in no more than 12 monthly payments.
<br />Upon payrxxcrrt in full of all surrrs secured by this Security lnstrumcrrt, Lender shall promptly refund
<br />to 13orrowcr any l~urrds Held by I.,errder.
<br />q. Chargeti; l,iertis, Borrower shall pay all taxes, assessrncnts, charges, fines, and impositions
<br />attributable to tkre Property wlriclr can attain priority over t11is Security Instrument, leasehold payments ar
<br />ground rents on the Property, i1' any, and Coninrunity Association llues, Dees, and Assessments, if any. To
<br />the extent that these itcrns are Escrow Items, Borrower shall pay tlrerri in the manner provided in Section 3.
<br />NEHRASKA -Single Family -Fannie Mae~Freddie Mac UNIFORM INSTRUMENT (~~
<br />-6(NE») ioai ii Pape 5 nF 15 initials ~ Form 3028 1101
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