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2010U7478
<br />prerniums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />InsurancE premiums in accordance with the provisions of Section 10. These iterns are called "Escrow
<br />Items. " At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, arxd Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall prornptly furnish to Lender all notices of arnounts to
<br />be paid under this Section. Borrower shall pay I.ender the Funds for Escrow Items unless I.ender waives
<br />Borrowear's obligation to pay the Funds for any or all Escrow Items. Lender may waS.ve Borrowar'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 amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requirss,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall far 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 obligated to 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 Barrawer shall then be obligated under Se�tion 9 to repay to Lender any such
<br />arnount. Lender may revake the waiver as to any or all Escrow Items at any time by a notice given i.n
<br />accordance with Sectian 1 S 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 and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time speci�ied under RESPA, and (b) not to exce� the mazimum amount a lender can
<br />require under RFSPA. Lender shall estimate the amownt of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Ttems 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 encity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Horne Loan Banlc. L.ender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall nat charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or ver�fying the Escrow Iterns, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pernuts Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the �unds, I.ender shall not be required to pay Boz�rower
<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 F�nds held in escrow, as defined under RESPA, Lender shall accaunt to
<br />Borrower for the excess funds in accordance with RFSPA. If there is a shortage of F'unds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Banower shall pay to
<br />Lender the arnount necessary to malce up the shortage in accordance with R�SPA, but in no more than 12
<br />rnonthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount ne�essary to make
<br />up the deficiency in accordanr,e with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instruxnent, Lender shall prornptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrawer shall pay all taxes, assessments, 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, �ces, 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 �amily - Fannie Mae/Freddie Mac UNIFORM INS7'RUMENT
<br />�-B�NE) 108� t 1 Paee 5 of 15 in�t�ais: ��� Form 3Q2$ 7107
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