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201007515
<br />premiums, 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 items are called "Escrow
<br />Items." At origination or at any time during the temi of the I,oan, Lender may rcyuirc: thal 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. Borrowcr shall promptly furnish to Lender all natices af amraunts ta
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless I.c:nd�r waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lc:ndcr may waiv� Borrowcr's
<br />obligation to pay to Lendcr Funds for any or all Escr�w Items at any timc. Any such waiv�r may Unly bc
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the aznaunts
<br />due for any Escrow Items for which paym�nt c�f Funds has b��n waiv�d by I..ender and, if Lender requires,
<br />shall furnish to Lend�r receipts �videncing such paymcnt within such time period as L.ender may require.
<br />Barrawer's obligatipn 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 Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If �3orrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an �scrow 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 L.ender any such
<br />amount. Lender may revoke the waiver as to any or all �scrow Items at any time by a notice given in
<br />accardance with Section 15 and, upon such revocation, Borrower shall pay to L.ender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lendcr may, at any tim�, callcct and hald Funds in an amount (a) sufficient ta pernxit I.ender ta apply
<br />the Funds at the time specified under RESPA, and (b) nat ta sxceed t1x� maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Punds du� on the basis of current data and
<br />reasonablc estimates of expenditures af future Escrow Itsms or atherwise in accordance with Applicabl�
<br />I.aw .
<br />The Funds slxall be held in an institution whose deposits are insured by a federal agency,
<br />insttvnnentality, ar entity (including Lender, if I.ender is an institution whose deposits are so insured) or in
<br />any Federal Hame Laan Bank. L.ender shall apply the Funds to pay the Escrow Items no later than the time
<br />spscified under RESPA. Lender shall not charge Borrower for holding and applying the Nunds, annually
<br />analyzin$ the escrow account, or verif'ying the Escrow Items, unless L,ender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in wriking
<br />or Applicable Law requires interest to be paid on the Funds, L.ender 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 Nunds. Lender shall give to 13orrower, without charge, an annual accounting of the
<br />Funds as required by R�SPA.
<br />If there is a surplus of Punds held in escrow, as defined under 12ESPA, T.ender shall account to
<br />Borrower for the excess funds in accordance with RESPA. Tf there is a shortage of Funds held in escrow,
<br />as defined under RESPA, T.ender shall notify Borrower as required by R�SPA, and 13orrower shall pay to
<br />L.ender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 1Z
<br />monthly payments. Tf there is a deficiency of �'unds held in escrow, as defined under RESPA, Lender shall
<br />noti 'ty Borrower as required by RESPA, and Borrower shall pay to L.ender the amount necessary to make
<br />up the deficiency in accordance with R�SPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Punds held by Lender.
<br />4. Charges; Liens. Barrow�r shall pay all taxes, assessments, charges, fines, and impositions
<br />attribulable ta the Pz'operty which can attain priority over this Security Instrument, leasehold payments ar
<br />grUUnd x�nts on th� Property, if any, and Community Assoc;iation Du�s, F��s, and Assessrnents, if any. Ta
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner pravided in Sectian 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUME \
<br />�-F)(NE) 10811) Pape 5 of 16 in�tiais Farm 3028 1/01
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