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<br />premiums, if any, or any sums payable by Barrower to Lender in lieu of t�.e payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items aze called "Escrow
<br />Iterns. " At origination oar at any time during the term af the Loan, Lender may require that Comrnunity
<br />Association Dues, Fees, and Assessments, if any, ba escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly fixrnish to Lendex a11 notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Iterns. Lender may waive Barrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may anly 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 Ttems for which payment of F�nds 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 xnake such payments and to provide receipts shall for all purposes be deemed 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 tp pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escraw Item, Lender may exercise its rights under 5ection 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay co L.ender any such
<br />arnount. Lender rnay revoke the waiver as to any or all Escraw Iterns at 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 />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to pernut 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 RESPA. L.ender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estirnates of expenditures of future Escrow 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 />instrumentality, or entity (including Lender, if Lender is an institution whose depasits 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 />speci�ed under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Iterns, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pezm.its I...ender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid an the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and L.ender can agree in writing, however, that int�rest
<br />shall be paid on the Funds. Lender shall give to Borrower, withaut charge, an annual accounCing of the
<br />Funds as required by RESPA.
<br />Tf there is a surplus of Funds held in escrow, as defianed under RESPA, Lender 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 defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />I.ender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly paynnents. If there is a de�ciency of Funds held in escrow, as de�'ined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to rnake
<br />up Che deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all surns secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all ta7ces, assessments, charges, fines, and irnpositions
<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 Assessments, if any. To
<br />the extent that these items are Escraw Items, Bonower shall pay thern in the manner provided in Section 3.
<br />N�BRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT l �Q
<br />�-B�NE) (0811) Page 5 of 15 in�t�ai�.Z, `!'� Form 3028 7/p1
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