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201007988
<br />premiums, i� any, ar any swns payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiwns in accordance with the provisions of 5ection 10. These items az�e called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, f�s and
<br />assessments shall be an Escrow Item. Boz�rower shall pronnptly furnish to Lender ail notices of amounts to
<br />be paid under this Se�ction. Barrower shall pay Lender the Punds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds far any or all Escrow Items. I.ender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Itezns at any tirne. Any such waiver may only be
<br />in writing. In the event af such waiver, $orrower shall pay dire�tly, 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 furnish to Lender receipts evidencing such payment within such time period as L,ender rnay require.
<br />Borrower's abligation to make such payments and to provide receipts shall for all purpases be deerned 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 ta pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, I..ender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to �pay to Lender any such
<br />amount. Lender may revake the waiver as to any or all Escraw Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, $orrower shall pay to Lender all Funds, and in
<br />such aznounts, that are then required under this Section 3.
<br />Lender rnay, at any tirne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />th�e Funds at the time specified under RESPA, and (b) not tp exceed the maximum amount a lendsr can
<br />require under RESPA. Lender shall estimate the amount of Funds due on 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 depasits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose depasits are so insured) ar in
<br />any Pederal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tim�
<br />specified under RESPA. I,ender shall not charge Borrower for halding and applying the Funds, annually
<br />analyzing the escrow account, ar verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law per�nits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable La,w 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 I.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting af the
<br />Funds as require� 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 Punds held in escrow,
<br />as defined under RESPA, I.ender shall notify Barrower as require� by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to rnake up the shortage in accordance with RESPA, but in no rnore than 12
<br />monthly payrnents. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrawer as required by RESPA, and Borrower shall pay to Lender the amaunt necessary to 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 s�cured by this Se�urity Instnunent, I.ender shall prompcly refund
<br />to Borrower any Funds held by L,ender.
<br />4. Charges; Liens. Borrower sha11 pay all taxes, assessrnents, charges, fines, and impositions
<br />attributable to the Praperty which can attain priority over this Security In�strument, leasehold payments or
<br />ground rents on the Property, if any, and Comrnunity Associatian Dues, Fees, and Assessments, if any. To
<br />the extent that these iterns are Escrow Items, Borrower shall pay them in the mazuier provided in Section 3.
<br />NEBRASKA - Single Family -�annie Mae/Freddie Mac UNIFQRM INSTRUMENT
<br />�-B�NE) �oattl Pag9 fi Of 16 in�c�eis: �(V� Form 302$ 7/Q7
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