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201007�31
<br />premiuzns, if any, or any surns payable by Borrower to Lender in lieu af the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisians of Sectian 10. These items are called "Escrow
<br />Items. " At origination or at any tizne 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 noCices of amounts to
<br />be paid under this Section. �orcower shall pay Lender the Funds for Escrow Iterns unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive $orrower's
<br />obligation to pay to L.ender Funds for any ar all Escrpw Items at any time. Any such waiver may pnly be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender rnay require.
<br />$orrower's obligation to make such payments and to provide receipts shall for all purpases be deemed to
<br />be a cpvenant and agreement contained in this Security Instruznent, as the phrase "covenant and agreeznent"
<br />is used in Section 9. Tf Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrpwer fails to pay the amount due for an Escrow Item, L.ender may exercise its rights under SecCion 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. I,ender may revoke the waiver as to any or all Escrow Items at any tirne 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 />I.ender rnay, at any tirne, collect and hald Funds in an amount (a) suf�cient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not ta exceed the maximum amount a lender can
<br />require under RESFA. Lender shall estirnate the amaunt of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escraw Items or atherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institutinn whqse deposits are insured by a fedsral agency,
<br />instrumentality, or enCity (including Lender, if Lender is an institutivn whpse deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds tp pay the �scraw Ttems no later than the ticne
<br />specified under RESPA. Lender shall not charge Barrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unlcss Lender pays Barrower interest on the
<br />Funds and Applicable Law permits Lender to rnake such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall nat be required tp pay $orrower
<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, 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 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 de�ned under RESFA, I,ender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />J_.ender the annount necessary to make up the shortage in accordance 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 Borcower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the de�ciency in accordance wiCh RESPA, but in no rnore than 12 monthly payrnents.
<br />Upon payment in full of all sums secured by this Security Instrurnent, Lender shall prornptly refund
<br />ta Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrowcr sha11 pay all taxes, assessments, chaxges, �ines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold paymenCs or
<br />grpund rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Barrower sha11 pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannia Maa/Freddie Mac UNIPORM INSTRUMENT WITH MER5
<br />�-BAINEI �oaio� Pape 5 of 15 mitisis: �_ Form 3028 1/p1
<br />III IIIIIIIII IIIIIIIIIII IIIIII�I IIIIII IIIIIII II II)
<br />q032Z5353048 0233 2Y0 0515
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