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201008049
<br />prerniwns, if a��y, or any sums payable by Iiorrower ta Lender in lieu of the paym�ent of Mortga�e
<br />Insurance pre.miums in accordance with, t{ae provisions of 5ection 10. These items are called "Escrow
<br />Items." At origination or at any time durin� 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, fees and
<br />aGSessments shall be an Escrow Item. Borrower shall prornptly furnish to Lender all notices of amounts ta
<br />be paid under this Section. BottoWer shall pay Lender the Funds for Esctow Items unless Lender waives
<br />BorroWer's obligation to pay the Funds fot any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all F;scrow Items at any time. Any such waiver may only be
<br />in writing. In thc event of such waiver, Botrower shall pay dircctly, when and where payable, the amounts
<br />due for any �scrow Itema for which payrnent nf Punds has been waived by Lender and, if Lender requires,
<br />shall furnisli to Lender receipts evidencing such payment within such time period as Lender may require.
<br />I3orrower's abligation to make Guch payments and tn provide receipts shall for al1 purposes be deemed to
<br />bc a covenant and agreement contained in this Secur'rty Instnunent, 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 Itein, Lender may exercise its rights under Section 9
<br />and pay such amaunt 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 hy a nvtice given in
<br />accordance with Section IS and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required nnder 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 RES.PA, and (b) not to exceed the maxim►un amount a lender can
<br />require under RESPA. Lender shall astimate the amount of Funds due on the basis of current data and
<br />reasonable cstimates oF expenditures of future �scrow Items or atherwise in accordance with Applicable
<br />Law.
<br />The rundG sha11 be held in an institution whuse deposits are Insured by a federal agency,
<br />instnunentality, or entity (including Lender, if Lender is an institution whoae deposits are so insured) or in
<br />any Federal Honne Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RFSPA. Lender shall not charge Borrower for holding and applying the Fuatds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lextder pays Sonower interest on the
<br />Funds and Applicable Law permits Lender to make such a claarge. 1.lnless an agteement is made in wriling
<br />or �pplicable Law requires interest to be paid on the Funds, I.ender shall not be required to pay IIottower
<br />any intetest or eamings on the Funds. Bortower and I,endet' can agree in wtiting, however, that inierest
<br />shall be paid on the Funds. Lender shall give to Iiorrower, without charge, an annual accounting of tha
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RrSPA, Lendcr shall account to
<br />Sartower for the excess funds in accordance with RT'SPA. If fhere is a shortage of Funds held in escraw,
<br />a5 defined under RESPA, L,ender shall notify �3orrower as required by RT'�PA, and Bnrrower shall pay ta
<br />Lender the aTnount nccessary to make up the shortage in accordance with RT:SPA, hut in no more than 12
<br />inonthly payinents. lf there is a defrciency of I�iinds held in escrow, as defined under RESPA, Lendcr shall
<br />notif'y Borrowcr aG required hy RFSPA, and I3orrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in nu more than 12 monthly paymentG.
<br />Upon payment in full of all surns secured by this Security Instrument, Lender s.hall promptly refun�l
<br />to Botrower any liunds held by Lcnder.
<br />4. Charges; Liens. I3orrowcr shall pay all taxe5, assessments, chargcs, fines, and impositions
<br />attributable to the Property which can attain priority over lhie 5ecurity Instrument, leasehold payments or
<br />ground rents on lhe Property, if any, and Communily Association Dues, Fees, and Assessinents, if any. 7'0
<br />fhe exient thut these ilem5 ate Escrow Ilems, Botrower shall pay them in the inanner provided it� Section 3.
<br />NEBRASKA- 5ingle Family - FannieMae/Freddie Mac UNIFORM INSTRUMENT
<br />�-B�NE� (0811) Page 5 of15 initiais: �_ Form 3028 1/01
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