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2410U�38�
<br />premiurns, if any, or any swns payable by Borrower to I.ender in lieu of the payment af Mortgage
<br />Insurance prerniurns in accordance with the provisions af Section 10. These items arc called "Escrow
<br />Items." At origination or at any time during the term af the Laan, Lender nnay require that Comrnunity
<br />Assaciation Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, 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 L.ender 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 I.ender Funds for any or all Escrow Items at any tinne. 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 any Escrow Itenns for which payment of Funds has been waived by Lender and, if Lender requures,
<br />shall furnish to Lender receipts evidencing such payment within such tirne period as Lender may require.
<br />Banower's obligation to make such payments and to pravide receipts shall for all purpases be deemed to
<br />be a covenant and agreement containe� 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 />Borroc�+er fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Barrower shall then be obligated under Section 9 ta repay to Lender any such
<br />amount. Lender may revake 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, callect and hald Funds in an arnount (a) sufficie�nt to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender sha11 estimate the amount of Funds due on the basis of current data and
<br />reasonable estirnates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institutian whase deposits are insured by a federal agency,
<br />instrumentality, or entity (including J,ender, if Lender is an institution whose deposits are sa insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Ttems no later than the time
<br />spe�ified under RESPA. I.ender shall not charge Borrower for holding and applying the �'unds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless I.ender pays Borrower interest on the
<br />Punds and Applicable Law pernuts Lender to make such a charge. Unless an agreernent 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 charg�, an ancival accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ne� 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, Lender shall notify Borrower as required by RESPA, and Boz�rower shall pay to
<br />I.ender the amount necessary to make up the shortage in accordanr.e with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escraw, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower sha,il 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 />Upon payment in full of a11 sums se�ured by this Security Instrument, I.ender shall prornptly refund
<br />to Borrower any Funds held by J..ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessrnents, charges, fines, and irnpositions
<br />attributable to the Property which can attain priarity over this Security Instnunent, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessrnents, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay thern in the manaier provided in Section 3.
<br />NEBRASKA - Single Family - Fennia Mae/Fraddie Mac UNIFORM INSTRUM�NT
<br />�-61NE1 los�tl Pege 5 of 76 mic�ei8: Form 3028 1/p7
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