|
2oioo�sss
<br />/
<br />�`� l..
<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 pravisions of Section 10. These items are called "Escrow
<br />Items." At originatian or at any time during the term of the Loan, Lender may require that Comrnunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Bonower shall promptly furnish to I ender all 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 Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or a1l 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 arnounts
<br />due for any Escraw Items for which payrnent of Funds has bcen waived by Lender and, if L.ender requires,
<br />shall furnish to Lender receipts evidencing such payrnent 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 "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items dir�ctly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Sectian 9 to repay to I.ender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Iterns at any tizne 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 ur�der this 5ection 3.
<br />Lender may, at any tirne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the F�nds at the time specified under RESPA, and (b) not to excced the marcirnum amount a lender can
<br />require under RESPA. Lender shall estimate the arnount of Funds due on the basis of current data and
<br />reasonable estimates af expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits a�re insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whasc deposits are so insured) or in
<br />any Federal Home I.oan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tin�e
<br />sp�ified under RESPA. Lender shall not chazge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender ta rnake such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall nat be required to pay Borrower
<br />any interest or earnings on the Funds. Borz�ower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Banower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender slxall account ta
<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 requirecl by RESPA, and Borrawer shall pay to
<br />Lender the amaunt necessary to make up the shortage in accordance vc+ith RESPA, but in no mare than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under R�SPA, Lender shall
<br />notify Borrower as required by RBSPA, and Borrower shall pay to Lender the amount necessary ta rnake
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly paym,ents.
<br />Upon payment in fu11 of all surns secured by this Se�urity Instnunent, Lender shall prpmptly refund
<br />co Borrower any Funds held by I.ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payrnents or
<br />ground rents on the Property, if any, and Communi.ty Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escraw Items, Borrowear shall pay thern in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Pannia Mae/Freddie Mac UNIFQRM INSTRUMENT
<br />�-B�NE) 1o8t t 1 Pape 5 of 16 inmais: Form 302$ 1I01
<br />�
<br />. ' � ,�d� � �''��:.
<br />�
<br />(� �
<br />
|