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2Q100�415
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiurns in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any tirne during the term of the Loan, Lender may require that Community
<br />Association 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 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 af such waiver, Borrower shall pay directly, when and where payable, the amaunts
<br />due for any Escrow Items for which payment of Funds has been waived by J.,ender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payrnent within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Tnstrument, as the phrase "covenant and agreement"
<br />is used in Sectian 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Barrower fails to pay the amount due far 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 T.ender any such
<br />amount. Lender may revolce tlae 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 />L,ender may, at any timc, collect and hold Funds in an amaunt (a) suffici�nt ta permit I.ender to apply
<br />the Funds at the time speci�ed under RES�A, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender sha11 estimace the amount of Fw�ds due on the basis of current data and
<br />reasonable estimaCes of expendiCures 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 />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 ta pay the �scrow Items no later than the tirne
<br />specified 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 I.ender pays Bonower interest on the
<br />Funds and Applicable Law pernnits I..ender to make such a charge. Unless an agreement is znade in writing
<br />or Applicable Law requires inCerest to be paid on the Funds, Lender shall not be required to pay Sorrower
<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. L,ender shall give to Borrower, without charge, an annual accounCing of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. Tf there is a shortage af Punds held in escrow,
<br />as defined under RESPA, Lender shall notify Bpnower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary ta make up the shortage in accordan.ce with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as de�ined under RESPA, L,Qnder shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the de�ciency in accordance with RESPA, but in no rnore than 12 monthly payments.
<br />Upon payraent in full of all sums secured by this Security Instrument, L,Qnder shall promptly refund
<br />to Borrawer any Funds held by I,ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, �ines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrurnent, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extenc tt�at these ite�ns are Escrow Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) �oei � � Page 5 of 15 Initials:��� Form 3U28 1/01
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