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20�007919
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance prerniurns in accordance with the provisions of Section 10. These iterns are called "Escrow
<br />Items." At origination or at any time during the term of the I.oan, L,ender rnay require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessrnents shall be an Escrow Ttem. Borrawer shall promptly furnish to I.�nder all notices of amounts to
<br />be paid under this Section. Borrow�r shall pay Lender the Funds for Escrow Items unless I.ender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Iterns. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waaver 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 �unds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as I,ender may require.
<br />Barrower's obligation to make such payments and to pravide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this 5ecurity Instrunnent, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay tk�e amount due for an Escrpw Item, Lender may exercise its rights under Section 9
<br />and pay such arnount 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 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) suf�cient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lander can
<br />require under RESPA. I.,ender shall estirnate the arnount of Funds due on the basis of current data and
<br />reasonable estimates of expenditur�s of future �scrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instnunentality, ar entity (including Lender, if Lender is an institution whose depasits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Itexns nn later than the time
<br />speci�ed under RESPA. L�nder shall not charge Barrower 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 I,aw permits L.ender to make such a charge. Unless an agreement is made 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 Funds. Borrower and L.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Boz�rower, wichout 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 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�ned under RESPA, Lender shall notify Borrower as required by RESPA, and Barrower shall pay to
<br />Lender the amount necessary ta make up the shortage 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 RESI'A, Lender shall
<br />notify Borrower as required by RESPA, and Bonower shall pay to Lender the amount necessary ta make
<br />up the deficiency in accordance with RESPA, but in na rnore than 12 monthly payments.
<br />Upon payment in full of all sums secured by this 5ecurity Instrument, L,�nder shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and 'unpositions
<br />attributable to the Property which can attain priority over this Security Instrurnent, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessrnents, if any, To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />NEBRASKA - Single Family - Fannia M�elFreddie Mac UNIFORM INSTRUMENT �
<br />�-B�NE) �oet t1 Page 5 ot 15 inniais: Form 3028 1/01
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