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24100�574
<br />pre�niums, if any, or any surns payable by Borrower to I..,ender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Se�tion 10. These items are called "Fscrow
<br />Items." At origination or at any time during the term of the Loan., Lender may require that Community
<br />Association Dues, Fees, and Assessrnents, if any, be escrowed by Borrower, and such dues, fees and
<br />assessrnents shall be an Escrow Item. Barrower shall promptly furnish to Lender all notices of arnounts to
<br />be paid under this Section. Borz�ower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Bonpwer's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower'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 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 b�en waived by Lender and, if Lender requires,
<br />shall fumish to Lender receipts evidencing such payment within such tirne period as Lender may require.
<br />Bonower's abligation to rnake such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrucnent, as the phrase "covenant and agreemeant"
<br />is used in Section 9. If Sorrower is obligate�ci to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the arnount due for an Escrow Item�, Lender rnay exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to I.ender any such
<br />amount. Lender may 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, Boz�rower shall pay to Lender all Funds, and in
<br />such amaunts, that are then required under this Section 3.
<br />Lender may, at any tirne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the rnaximum annount a lerader can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of cu.rrent data and
<br />reasonable estimates of expenditures of future Fscrow Items 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 />instrurnentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) ar in
<br />any Federal Home Loan Bank. Lender shall apply the Funds ta pay the Escrow ttems no later than the time
<br />speci�ed under RESPA. Lender shall not charge Borrower fpr holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Bscrnw Items, unless Lender pays Borrower interest on the
<br />F'unds 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 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 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 define� under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with R�SPA. If there is a shartage of F�nds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />T..ender the arr►ount necessary to rnalce up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payrnents. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />natify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<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, I..ender shall promptly refund
<br />to Borrower any Funds h�ld by I.ender.
<br />4. Charges; Liens. Barrower shall pay all taxes, assessrnents, charges, finas, and impositions
<br />attributable to ihe Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Praperty, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in S�ction 3.
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM IN5TRUMENT
<br />�-81�E) �osii� Page 5 of 75 init�ais; Form 3028 1l01
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