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20104�713
<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 itetns are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees aand
<br />assessments shall be an Escrow ltem. Borrower shall promptly furnish to Lender all notices of amounts ta
<br />be paid under this Section. Borrower shall pay Lender the Funds far Escrow ltems unless Lender waives
<br />Borrower' s obligation to pay the Punds for any or all Escrow Items. Lender may waive Borrower' s
<br />obligation to pay to Lender Funds for any ar 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 fbr which payment af Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender rnay require.
<br />Borrower' s obligation to make such payments and to provide receipts shall for all purjaoses be deemed to
<br />be a covenant and agreement cantained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Ttems directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an �scrow Jtem, Lender may exercise its rights under S�etion 9
<br />and pay such amount and Borrower shall then be obligated under 5ection 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Eticrow Items at any tirne by a notice given in
<br />accordance with Section 15 and, upon such revocation, $orrower 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 amount (a) sufficient to 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 RES,PA. 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 otherwise in accordance witla Applicable
<br />I,aw.
<br />The Funds shall be held in an institution whose depasits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender 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 Items no later than the time
<br />specified under RESPA. Lender shal] not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Boxxower interest on the
<br />Funds and Applicable Law permits 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, Lender sha11 not be required to pay Borrower
<br />any interest or earnings on the Funds. Sorrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Sarrower, without charga, an annual accaunting af the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defned under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrawer shall pay to
<br />Lender the am�ount necessary to make up the shortage in accordance with RE5FA, 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 Sorrower as required by RESPA, and Sorrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, 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 Funds held by Lender.
<br />4. Chaz�ges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priarity over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessxnents, if any. To
<br />the extent that these items are Escrow Ttems, Sorrower shall pay thezn in the manner provided in Section 3.
<br />230930
<br />NEBRASKA - Single Family - Fannie M aa/Freddie M ac UNIFORM IN5TRUM ENT
<br />�-6�NE) �osi�� Page5 of 15 in�nei5: Form 3028 1/01
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