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201007495
<br />premiurns, if any, or any surns payable by Borrower to L.ender in lieu of the payment of Mortgage
<br />Insurance prerniurns in accordance with the provisions of Sectian 10, These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, L,ender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escxowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower sha11 promptly fumish to Lender all notices af arnounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligatipn to pay the Funds for any or all Escrow Ttems. Lender may waive Borrower's
<br />obligation to pay to L.ender Funds for any or all Escrow Items at any time. 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 Items for which payment of Funds has been waivsd by Lender and, if L.ender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as I.ender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deerned Co
<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 �scrow Ttems directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Itenn, 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 Lender any such
<br />amount. L.ender may revoke the waiver as ta 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 I.,ender 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 Co 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 R�SPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or atherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institutipn whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if I.ender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. I,ender shall apply the Funds tv pay the �scraw Items no later than the time
<br />specified under RESPA. Lender sha11 nat charge Borcower fpr holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits L.ender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest ta 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 an the Punds. 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 �'unds 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 shartage of Funds held in escrow,
<br />as de�ned under RESPA, Lender sha11 notify Borrowex as required by R�SPA, and Borrower sha11 pay to
<br />Lender the amount necessary ta make up the sho�tage in accordance with RESPA, but in no more than 12
<br />monthly 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 necessary to rnake
<br />up the deficiency in accordance with RESPA, but in no rnore than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />ta Borrower any Funds held by L.ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositians
<br />attributable to the Property which can attain priority over this Security InsCrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Associatian Dues, Pees, and Assessments, if any. To
<br />the extent that these items axe �scraw Iterns, Sorrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFQRM INSTRUMENT WITH ME
<br />�-6A�NE)loaio� Page 5 of 15 in�ciais: Form 3028 1/Q1
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