|
2oioo�sE�
<br />prexxu.ums, if any, or any sums payable by Borrower ta Lender in lieu of the payment of Mortgage
<br />Insurance prezniwms in accordanr,� with the pmvisipns of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the tearm of the Loan, Lender may require that Cornrnunity
<br />Association Dues, �'ees, and Assessments, if azay, be esczowed by Borrower, and such dues, fees and
<br />assessrnents shall be an Escrow Item. Borrower shall proxn.ptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for �scrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Itenns. I.ender nnay waive Borrower's
<br />obligation ta pay to Lender Funds for any or all 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 amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall :furnash to Lender receipts evidencing such payrnent within such time period as Lender may require.
<br />Borrower's obligation to maice such payments and ta provide receipts shall for all purposes be deerned to
<br />be a covenant and agreement contained in tt�is Se�urity Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated ta pay Escrow Items directly, 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 Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a nptice given in
<br />accordance with Section 15 and, upon such revocation, Boz�rower shall pay to Lender all Funds, and in
<br />such amounts, that aze then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an arnaunt (a) sufficient to permit Lender to apply
<br />the k�nds at the time spe�ified under RESPA, and (b) nat ta exceed the maxirnum arnount a lender can
<br />require under RESPA. Lender shall estimate the aznount of Funds due an the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Iterns or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are izasured by a federal agency,
<br />instrumentaliry, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loazx Bank. L,ender shall apply the Funds ta pay the Escrow Items no later than the time
<br />specifie� under RESPA. Lender st�all not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrpwer interest on the
<br />Funds and Applicable Law pernuts Lender to make suck� a charge. Unless an agrcernent is rnade in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the �nds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accauncing af the
<br />Funds as rec�uired by RESPA.
<br />If there is a surplus of Funds held in escxow, as defined under RFSPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RE5PA. If there is a shortage af Funds held in escrow,
<br />as de�ned under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shoztage in accordance with RESPA, but in no more 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 require�l by RESPA, and Borrower shall pay ta I.ender the amount necessary ta make
<br />up the deficiency in accordance with RESPA, but in no more than 12 rnonthly payments.
<br />Upon payment in full of all sums secured by this Security Instrurnent, Lender shall prornptly refund
<br />to Borrower any �unds held by I.ender.
<br />4. Charges; Liens. Borrower shail pay all taxes, assessrnents, charges, �ines, and impositions
<br />attributable to the Property which can attain priority over this Security Instniment, leasehold payrnents or
<br />grownd rencs on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrawer shall pay them in the rnaruier provided in Section 3.
<br />NEBRASKA - Single �amily - Fannia Mae(Freddie Mac UNIFORM INSTRUMENT
<br />�-81NE) rosttl Pape 6 of 1fi inieieis: Form 3028 7/01
<br />�
<br />� � ,
<br />/�
<br />+�7
<br />/
<br />
|