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201007141
<br />premiums, if any, or aqy sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 1Q. Thcsc 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 17tres, Fecs, 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 Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds 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 Escrow Items at any time. 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 aqy Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish W Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to Hooke such payments and to provide receipts shall for all purpo~s be deemed to
<br />be a covenant and agreement contained in this Security Insh~ument, as the phrase "covenant and agreement"
<br />is used in Section 9. if Borrower is obligated w 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 Lender any such
<br />amount. Lcndcr xnay revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect arrd hold Funds in an amount (a) sufficient to penrnit Lender to apply
<br />the Funds at the time specked under R.ESPA, and (b) rmt to exceed the maximum amount a lender can
<br />require under IiF.SPA. Lender 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 />mentality, or entity (including Lender, if Lender is an institution whose deposits arc so insured) or in
<br />anq~ Fedaral Home Loan Bank. Lander shall apply the Funds to pay tbe Escrow Items no later than the time
<br />spacificd under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower intarest on the
<br />Funds and Applicable Law permits Lender to mare 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 to 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, au annual accounting of the
<br />Funds as required by ItESPA.
<br />If there is a surplus of Funds held in escrow, as defined unrler RFiSPA, Lender shall account W
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under 1tFSPA, Lender shall nbotify Borrower as required by ItFSPA, and Borrower shall pay to
<br />Lenxlar the am~rnmt necessary to make up the shortage in accordance with ItE.SPA, but in ryo gwre than l2
<br />monthly payments- If there is a deficiency of Fonds held in escrow, as dafincd under 1tFSPA, Lander shall
<br />notify Borrower as required by IZFSFA, 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 rranthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower arty Funds held by Lender.
<br />A. Charges; Liana. Borrower shall pay all taxes, asscssmcnts, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rants on the Property. if any, and Community Association 1)rres, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA -Single Family - Fannie Mas/Frsddic Mac UNIFORM INSTRUMENT
<br />-BtNE) way ~ ~ P.o. 6 a} 16 min.r: „~ Form 3078 7 /07
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