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20�007954
<br />premiums, if any, or any su�nns payable by Borrower to Lender in liau of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Coznmunity
<br />Association Dues, Fees, and Assessrnents, if any, be escrowed by Barrower, and such dues, fees and
<br />assessments shall be an Escrow Jtem. Borrovver shall promptly furnish to Lender all notices of aamounts tn
<br />be paid under this Section. Borrower shall pay Lender the �'unds far Escrow Items unless Lender waives
<br />Borrower' s obligation to pay the Funds for any or all Escrow Items. Lender may waive Bonrower' 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 Funds has been waived by Lander 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 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 directly, pursuant to a waiver, and
<br />Bonower 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 5ection 9 to repay ta Lender any such
<br />amount. Lender nnay 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 tim�e, 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 lender can
<br />require under RESPA. Lender shall estimate th� amount of Funds due an the basis of current data and
<br />reasonable estimates of expenditures of future Escrow 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 />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are sa insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Itexns no later than the time
<br />speczfied under RESPA. Lender shall not charge 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 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. Borrawer 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 Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Sonrower for the excess funds in accordance with R�SPA. If there is a shortage of Funds held in escrow,
<br />as de�ned under RESPA, Lender shall notify Borrower as re�uired by RESPA, and Barrower shall pay to
<br />Lender the arnount necessary to make up the shortage in accordance with RESPA, but in no rnore than 12
<br />monthly payments. If there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender sha11
<br />notify Borrower 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 rnonthly payments.
<br />Upon payment in fu11 of all sums secured by this Security Instrurnent, Lender shall promptly refund
<br />to Sorrower any Funds held by Lender.
<br />4. Charges; Liens. Barrower shall pay all taxes, assessments, charges, fines, and impositions
<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 Comrnunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrpw Items, Borrower shall pay thexn in the manner provided in Section 3.
<br />230945
<br />NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRIIM ENT
<br />�-B'N�) (0811) Page 5 oF 15 initiais: .. Form 3028 1/01
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