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2010U�382
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu af the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These iterns are called "Escrow
<br />Iterns." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, �ees, and Assessments, if any, be escrawed by Borrower, and such dues, fees and
<br />assessrnents shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amaunts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligatian to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to i.ender Funds for any ar all Escrow Items at any time. Any such waiver rnay only be
<br />in writing. In the event of such waiver, Borrower shall 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 payrnents and to pravide 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 abligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Bonower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Banower shall then be obligated under Section 9 to repay to T.ender any such
<br />amount. Lender may revoke the waiver as to any or all �scrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocatian, Borrower shall pay ta Lender all Funds, and in
<br />such amounts, that are then require�l under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) suf�cient to permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximurn amounC a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates af expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall ba held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if L,ender 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 Tterns no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyxing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pernuts L.ender to make such a charge. Unless an agreement is rnade in writing
<br />or Applicable Law requires interest to be paid on the Funds, I.ender shall not be required ta 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 Bonower, 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 R�SPA, Lender shall account to
<br />Borrower for the excess funds in accordance with R�SPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the arnount necessary to rnake up the shortage in accordance with R�SPA, but in no more than 12
<br />monthly payrnents. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, a�nd Borrower shall pay to Lender the arnount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payrnents.
<br />Upon payment in full of all sums secured by this Security Instnunent, Lender sha�l promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessrnents, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow ltems, Borrower shall pay thern in the mamier provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-B(NE) 1oa��1 Page 5 of 15 Initials: s� �i� Form 3028 7/01
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