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20100773ti
<br />premiurns, if any, or any sums payable by Borrower to L.ender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the pravisions of Section 10. 'These items are called "Escrow
<br />Items." At origination or at any time during the tcrm of the Loan, Lender rnay require that 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. Barrower shall promptly furnish ta Lender all notices of amounts to
<br />be paid under this Sectian. Borrower shall pay T.ender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation ta pay the Funds for any or all Escrow Items. I.ender 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 evenc 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 />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payrnents and to provide receipts shall for all purposes be deenned 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 Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, azid
<br />Borrower fails to pay the amount 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 Lender any such
<br />amount. I..ender rnay revoke the waiver as to any or a11 Escrow Items ac any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />L,Qnder rnay, at any tirne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the malcimurn arnount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of cunent data and
<br />reasonable estimates of expenditures of future Escrow Tterns or otherwise in accordance vvith Applicable
<br />I.aw.
<br />The �unds 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) 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 shall not charge Borrower for holding and applying the Fands, annually
<br />analyzing the escrow accaunt, or verifying the Escrow Items, unless L,ender pays Borrawer interest on the
<br />Funds and Applicable Law perxnits 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, I..ender shall not be required to pay Borrower
<br />any interest or earnings an ttie Funds. Bonower and I.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. L.ender shall give to Barrower, without charge, an annual accounting of the
<br />Funds as required by R�SPA.
<br />If there is a surplus of Funds held in escrow, as defined under R�SPA, 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 Borrower shall pay Co
<br />Lender the amount necessary to malce up the shortage in accordance with RESPA, but in no rnore than 12
<br />monthly payments. If there is a deficiency 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 rnake
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payrnent in full of all sums secured by this Security Instnunent, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessrnents, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrurnent, leasehold payments or
<br />ground rents on the Property, if any, and Cammunity Associatian Dues, �'ees, and Assessrnents, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT r
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