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20100�707
<br />premiums, if any, or axa;y 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 term pf the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borcower, and such dues, fees and
<br />assessments shall be an Escrow Item. Barrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower sha11 pay Lender the Punds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow ltems. I,ender may waive Borrower's
<br />obli�ation to pay to Lender Funds for any or all Escrpw 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 payrnent of Funds has been waived by Lender and, if Lender requires,
<br />sha11 furnish to Lender receipts evidencing such payment within such tixne period as Lender may require.
<br />Borrower' s obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in thi:+ 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 Borrower shall then be obligat�d under Section 9 to repay to Lender any such
<br />arnaunt. Lender may revoke the waiver as to any or al1 Escrow Items at any time by a notice given in
<br />accordance witla Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such arnounts, that are then required under this Section 3,
<br />Lender may, at any time, collect and hold Funds in an amaunt (a) sufficient to permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of cur�'ent data and
<br />reasonable estimates af expenditures of future Escrow Items or otherwise in accardance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lander is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow ltems no later than the time
<br />specified under RESPA. Lender shall not charge Borrawer for 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 Lender to rnake such a char�e. Unless an agreement is made in writing
<br />or Applicable Law requires intez'est to be paid on the Funds, Lender shall not be required tn pay Bonower
<br />any interest or earnings oa the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Bnrrower, 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 defined under RESPA, Lender shall acepunt to
<br />Sonrnwer for the excess funds in accordance with RESPA. lf there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender sha11 notify Bprrower as required by KESFA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a de�ciency 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 make
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payments.
<br />CTpan payment in full of all sums secured by this Security Instrument, Lender shall prprnptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrawer shall pay all taxes, assessments, charges, �nes, axad iznpositions
<br />attributable to the Properiy which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Properiy, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that th�se items are Escrow Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />23p924
<br />NEBRASKA - Single Family - Fannie M ae/Freddie M ac UNIFORM INSTRUM EN7
<br />�-6�NE��oa�t) Page5of15 �nitia�s:� Form3028 1/01
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