|
2oioo���2
<br />premiums, if any, or any sums payable by Borrower to I.ender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Iterns." At origination or at any time during the term of the Laan, Lender may require that Comrnunity
<br />Association Dues, F�es, and Assessments, if any, be escrowecl by Borrower, and such dues, fees and
<br />assessrnents shall be an Bscrow Item. Borrower shall promptly furnish ta Lender all notices of amounts to
<br />be paid under this Section. Bonower shall pay Lender the Funds for Escraw Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender rnay waive Borrower's
<br />obligation ta 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 of such waiver, Borrower shall pay directly, vvhen 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 fi�xnish to Lender receipts evidencing such payment within such tirne period as Lender may require.
<br />Borrower's obligatian to rnake such payments and to provide receipts shall for all purposes be deerned to
<br />be a covenant and agreement containe� in this Securiry Instrument, as the phrase "covenant and agreernent"
<br />is used in Se�tion 9. If Borrower is obligated tn pay Escrow Items dire�tly, pursuant to a waiver, and
<br />Bo�rrower fails ta pay the amount due for 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 Lender any such
<br />amount. I.ender nnay revoke the 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, Borrpwer 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 amaunt (a) sufficient to pern�ut 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 th.e basis af current data and
<br />reasonable estimates af expenditures of future Escrow Items ar 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 />instnimentality, or entity (including Lender, if Lender is azx i.nstitution whose deposits are so insured) ar in
<br />any Federal Home Loan $ank. I.ender shall apply the Funds to pay tha Escrow Items no later thaci the time
<br />specified under RESPA. Lender shall nat charge Borrower for holding and applying the �nds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Bonawer interest on the
<br />Funds and Applicable Law pernuts Lender to make such a charge. Unless an agree�nent is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and I.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give ta Borrower, without charge, an annual accounting of the
<br />Fur�ds as required by RESPA.
<br />If there is a surplus of �Znds held in escrow, as defined under RESPA, I.ender shall account to
<br />Borrower far the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as de�ned under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the arnount necessary to m�ake up the shortage in accordance with RESPA, but in no more than 12
<br />rnonthly payments. If there is a deficiency af Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as require� by RESPA, and Borrower shall pay to Lender the arnount necessary to rmake
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payrnents.
<br />Upon payment in full of all sums secured by this Se�urity Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, chazges, 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, Fees, and Assessmen�ts, if any. To
<br />the extent that these items ar� Escrow Items, Borrower shall pay them in the rnanner provided in Se�tion 3.
<br />NEBRA3KA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-61NE) �p8��1 Page fi of tfi �n�t�als: Form 30Z8 7/01
<br />�
<br />l "-, . R y J ; f .` . » . • . �
<br />1
<br />
|