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201005931
<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 term of the Loan, Lender may require that Community
<br />Association Dues, Fces, and Assessments, if any, be escrowed by Borrower, and such duce, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Linder all notices of amounts to
<br />be paid under this Section,. Harrower stall pay Lender the Funds for Escrow Items unless Leander waives
<br />Borrower's obligation td pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Larder Funds for any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, whar and where payable, the amounts
<br />due far any Escrow Items for which payment of Funds has been waived by Lender arui,. if Leader 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 paymarts 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 far an Escrow Item, Larder may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any snob
<br />amount. Lender may revoke the waives as to any or all Escrow Items at any time by a unties given in
<br />accordance with Section 15 and, upon such revocation, Sarrower shall pay to Lender all Funds, and in
<br />such amounts, that arc then required under this Section 3.
<br />Leander may, at any time, collect and >mld Funds in an amount (a) suffieieant to permit Lender to apply
<br />the Funds at the time specified under RESFA, and (b) oat to exceed the maximum amount a leader eau
<br />require under ItESFA. Leander shall estimate the amount of Funds due on the basis of ourrart data and
<br />reasonable estimates of expenditures of future Escrow Iteans ar othe;rrwise in accordance with Applicable
<br />Law.
<br />The Fonda shall be held in an institution whose deposits are insured by a Federnl agency,
<br />inslrumetuality, err eattity (including Lehr, if Larder is as iiastitutian whose deposits are ao insured) err in
<br />any Fe~deaal Ilome Loan Sank. Larder shall apply the Fantle to pay the Escrow Items no later than the time
<br />specified under RESPA. Le~ex shall not charge Borrower for holding end applying the: Funds, aaaraally
<br />analyzing the: escrow account, err verifying the Escrow Items, unless Leander pays Borrower imerest on the
<br />Funds and Applicable Law pexmits Larder to make such a charge. Unlc~s an agreement is miade in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest of earrings on the Funds. Sorrowear and Lender can agree is 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 ltF?SFA.
<br />If there is a surplus of Funds hold in escrow, as defxncd under RESFA, Lcndrwr shall account to
<br />Borrower far the excess finds in accardaaace with RESFA. If there ie a shortage of Funds held in escrow,
<br />as defined under 1ZESFA, Larder shall notify Borrower as rogaired by RESPA, and Borrower shall pay to
<br />Larde+t the amount necessary to make up the shat1age in accordance with lIESPA, but in no mare than 12
<br />monthly payments. If there is a debeiarcy of Funds held in escrow, eras defined under RESPA, Larder shall
<br />notify Borrower as required by RESPA, aml Borrower shall pay to Letrdea' the amount necessary to make
<br />up the deficiea-cy in.acctndance with ItESPA, but in no more than 12 monthly paymarts.
<br />Upon payment in full. of all sums sexured by this Security Instrument, Lendea shall promptly refimd
<br />to Borrower any Funds held by Lender_
<br />4. Charges; Liens. Btnrower shall pay all taxes, assestments, charges, finea, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />groamd tarts on the Property, if any, sad Coaamuaiiy Association Dues, Fees, and Aasessmennts, if any. Ta
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manna provided in Section 3.
<br />NEBRASKA- Sirgle FamNy - FannN tMaalFrMddh Mac UNIFORM INS'I'RUMENY
<br />~.$(NE~ caea a) Rep" 6 or 15 rwwie: v Form M12d 1101
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