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201005570
<br />premiums, if any, or any Sn1I1S payable by Borrower to T.cndcr in lieu of the payment of Mortgage
<br />insurance premiums in accordance with Ltre provisions of Section 10. 'These hems are called "Escrow
<br />hems." At origination or at any lime during the term of the Loan, Lender may require that Community
<br />ASSOI;liltlOn llues, Fees, and Assessments, if any, be escrowed by Burrower, a,~d such dues, fees and
<br />assessments shall be an Escrow 1[em. Borrower shall promptly furnish to Lender all notices oC amounts to
<br />be paid under this Section. Borrower shall pay Lcndcr the Pt,nds for Escrow Itc„ rs unless Lcrulcr waives
<br />BOTTUWCT'5 obligation to pay the funds for a,iy or all Escrow Items. Lender may waive Borrower's
<br />obliggation to pay to Lender funds for any or all Escrow Il.ems al any lime. Any such waiver may urrly he
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, fire amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lcndcr and, it' Lcndcr requires,
<br />shall furnish to Lender receipts evidencing such payment within such lime period as Lcndcr may require.
<br />Borrower's obligation to make such payrncnts and to provide receipts shall for all purposes be deerncd to
<br />be a covenant and agreement contained in this Security lnstrurnent, 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 and Borrower shall then be obligated under Section 9 to repay io i,cnder any such
<br />amount. Lender tray revoke the waiver as to any or all Escrow Itcrrts at any titac by a uoticc given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay l0 Lender all Funds, and in
<br />such amounts, that are then reyuired under this Section 3.
<br />Lcndcr may, at ar,y time, collect and hold Funds in an amount (a) sufficient to pcr,nh Lcndcr to apply
<br />lbe funds at file time specified under RESPA, and (t,) riot to exceed the rriaxirnurn amount a lender c.~n
<br />require under RESPA. Lender shall estimate the amount of Funds due on tl,c basis uC current data and
<br />reasunahle eslimules of expenditures of future Fscrow items or otherwise in accordance witl, AI>plicablc
<br />I~aw.
<br />Tlrc Funds shall be held in an institution whose deposits arc insured by a 1'cdcral agcr,cy,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow items no later titan the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the funds, am~ually
<br />arralyzinl; the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest an the
<br />funds and Applicable Law permits Lcndcr to tnakc such a charge. Unless an agrcc,,,cr,t is ,r,adc i„ writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be reyuired lu 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 ct,argc, cur annual accuuuting of the
<br />Funds as reyuired by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under 1LES1'A, Lcndcr shall account lu
<br />Borrower for llw excess funds iu accordance witt, RESPA. If there is a shortage of funds field in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by KESPA, and Borrower shall pay Co
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no rnurc than 12
<br />monthly payments. if there is a deficiency of bonds held in escrow, as defined under RESPA, bender s11a11
<br />notify Borrower as required by RESPA, and Borrower 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 />i.Jpon payment in full of all sums secured by this Security Instrtxrncrrt, Lcndcr shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; LIe1tS. Borrower shall pay all taxes, assessments, clrargcs, fines, and irrrpusilions
<br />attributable to the Property which can attain priority over this Security Instru,nent, ]caselu,ld pay~ncnts cn-
<br />ground rents on the Properly, if any, and Community Association L)ues, Ices, and Assessnrenls, iC any. '1'~~
<br />the extent that these items are Escrow Items, Borrower shall pay them, ir, the manner providedr,r See;tiun 3.
<br />NEBgASKA -Single Family -Fannie Mee/Freddie Mac UNIFORM INSTRUMENT ,,~~/ A
<br />-WINE) rnA~ i i P~e~ 5 or , 5 ~nica~s: ~~ yv~., Form 3028 1 /01
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