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20100782ti
<br />premiums, if any, or any sums payable by Barrvwer to Lender in lieu of the payment of Mort�age
<br />Insurance premiums in accordance with the provisions of 5ection ] 0. These items are called "Escrow
<br />Iterns." At origination or at any time during the terxn of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if an.y, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waiveti
<br />Borrower' s obligation to pay the Funds for any or a11 Escrow Items. Lender may waive Borrower' s
<br />abligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. ln the event of such waivar, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Itema for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish Co Lender receipts evidencing such payment within such time 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 this Security Instrument, as the phrase "cavenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Itexns directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an �scrow Item, Lender may exercise its rights under Section 9
<br />and pay such amaunt and Sorrower shall then be obligated under Section 9 to repay ta Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow rterns at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Barrower 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 RES'PA, and (b) not to exceed the maximum arnount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasanable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whase deposits are insured by a fed�ral agency,
<br />instrumentality, or entity (includin� 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 Itams no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest an the
<br />Funds and Applicable Law perznits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law tequires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings 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, without char�e, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordarxce with RESFA. 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 />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than l2
<br />monthly payrnents. 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 deficiency in accordance with RESPA, but in np more than l2 monthly payments.
<br />Upon payment in full of all sums secured by this Security Tnstrumcnt, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay al] taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over tlus Security Instrument, leasehold payrnents or
<br />ground rents an the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Bonrower shall pay them in the manner provided in Section 3.
<br />F�cI1�LL!
<br />NEBRASKA - Single �amily - Fannie MaelFreddle Mac UNIFbRM INSTRUMENT
<br />�-B�NE) �oei i> Page 5 of 15 initiais 3 � Form 3028 1I01
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