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2010U78�9
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payrnent of Mortgage
<br />Insuarance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any tirne during the term of the I.oan, Lender may require that Cornrnunity
<br />Association Dues, �'ees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow �tem. Borrower shall prornptly furnish to I.ender all notices of amounts to
<br />be paid under this Section. Borrow�r shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Fuz�ds for any or all Escrow Iterns. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or a11 Bscrow Iterns 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 fpr which payment of Funds has been waived by Lender and, if L.ender requires,
<br />shall furnish to Lender receipts evidencing such payxnent within such tirne period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be de�med to
<br />be a covenant and agreemexAt contained in this Security Instrwnen,t, as the phrase "covenant and agre�ment"
<br />is used in Section 9. If Borrower is abligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Barrawer 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 notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay ta Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender rnay, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />th� Funds at the tirne speci�ed under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estirnate the amount of Funds due on the basis of current data and
<br />reasonable estirnates of expenditures of future Escrow Iterns or otherwise in accordance with Applicable
<br />L.aw.
<br />The Funds shail be held in an institution whose depasits are insured by a federal agency,
<br />instrurnentality, or entity (including Lender, if Lender is an institution whase deposits are so insured) or in
<br />any Federal Horne L.oan Bank. l...ender shall apply the �nds to pay the Escrow Items no later than the time
<br />speci�ied under RESPA. Lender shall npt charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Barrower interest on the
<br />Funds and Applicable Law permits Lender 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 ta 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 charge, an annual accaunting of the
<br />Funds as arequired by RESPA.
<br />If there is a surplus of Funds held in escraw, as defined under RESPA, Lender shall account to
<br />Bonrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defm�d under RESPA, Lender shall notify Borrower as required by RESPA, and Barrower shall pay to
<br />Lender the amount necessary to make up th� shortage in accordance with R�SPA, but in nn more than 12
<br />manthly payments. If there is a deficiency af Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Bonower 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 no more than 12 monthly payments.
<br />Upon payrnent in full o f all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by I..ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositio�as
<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, Fe�s, and Assessrnents, if any. To
<br />the extent that these items ace Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT
<br />�-��11�E) (08111 Paga 5 of 15 in�t�ais: Form 3028 7(07
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