|
2o�ao�9so
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisions af Section 10. '�'hese items are called "Escrow
<br />Items." At origination or at any time during the term of the I.oan, L,ender may require that Community
<br />Association Dues, Fees, and Assessments, if any, 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 �scrow Items unless I,ender waives
<br />Borrower's obligation co pay the Funds for any or all Escrow Items. I.ender may waive Borrower's
<br />obligation to 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 Punds has been waived by L.ender and, if Lender requires,
<br />shall furnish to 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 contaaned in this Security Instrument, 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 the amount due for an Escrow Itern, 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 L.ender any such
<br />amount. Lender rnay revoke the waiver as ta any or a11 Escrow Itenns at any tinr►e 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 arnounts, 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 RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESFA. Lender shall estimate the arnount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or othexwise in accordance with Applicable
<br />L,aW.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumantality, or entity (including L,�nder, if Lender is an institutian whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items na later than the time
<br />specified under RESPA. Lender shall not charge Barrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lendcr pays Bonow�r interest on the
<br />Funds and Applicable Law pernuts Lender to make such a chacge. Uariless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, L.,ender 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 charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of F�nds 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 Punds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as reyuired by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no rnore than 12
<br />monthly payments. If there is a de�iciency 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 wiCh R�SPA, but in no more than 12 monthly payrnents.
<br />Upon payment in full of a11 sums secured by Chis Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all ta7ces, assessments, charges, fines, and impositians
<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 Cornrnunity Associatian Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRA$KA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �
<br />�-6�NE) �oe� i� Page 6 Of 15 inmeis:�I ( Form 3028 1/01
<br />� �)
<br />� MY�y!! � 'i? �1 , t� ,,, �t
<br />
|