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201007820
<br />premiums, if any, or any sums payable by Borrower ta Lender in lieu of the payrnent of Mortgage
<br />Insurance premiwms in accordance with the provisians of Section 10. These items are calle� "Escrow
<br />Items. " At origination pr at any time during the term 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 Itern. Borrower shall prornptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrawer shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Box abligation to pay the Funds for any or all Escrow It�rns. Lender may waive Borrower's
<br />obligatian to pay to Lender Funds for any or all Escrow Ttems at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Borrawer shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by L,ender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time periad as Lender may require.
<br />Borrower's obligation to make such paym�eats and to provide receipts sha11 fpr all purposes be deemed to
<br />be a covernant and agreement contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Se�tion 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 Escrow Itern, Lender may 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. I..ender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Se�tion 15 and, upon such revacation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />I..ender may, at any tirne, collect and hold Funds in an amount (a) sufficient to permit Lender ta apply
<br />che Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />requi�re under RESPA. 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 with Applicable
<br />Law.
<br />"I'!�e Funds shall be held in an institution whose deposits are insured by a fe�eral agency,
<br />instnunentality, or entity (including Lender, if I.ender is an institution whose deposits aze so insure�) 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 chazge Bonower for halding and applying the Funds, annually
<br />analyzing the escrow account, or verifying rhe Escrow Itexns, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pernuts I..ender to rnake such a cha�rge. Unless an agreement is made in writing
<br />or Applicable Law requires interest ta be paid on the Funds, I.ender shall not be re�uired ta pay Borrower
<br />any interest or eamings 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, withput charge, an ann�ual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESFA, Ler►der 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 de�med under RESPA, L,ender shall notify Borrower as required by RESPA, and Barrower shall pay to
<br />Lender the arnount necessary ta make up the shortage in accardance with RESPA, but in no more than 12
<br />monthly payrnents. If there is a deficiency of Funds held in escrow, as defined wnder RESPA, Lender shall
<br />notify Borrower as require� by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in na more than 12 monttily 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. Charges; Liens. Borrower shall pay all ta�ces, assessments, charges, fines, and impositions
<br />attributable to the Property which can attaun priority over this Security Instrument, leasehold paym�nts 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 Escrow Items, Barrower shall pay thenn in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie M�elFreddie Mac UNIFORM IMSTRUMENT
<br />�-6�NE) (oat tl Page 5 of 15 imtiais: Form 3028 1/01
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