|
201Q08190
<br />premiums, if any, or any sunns payable by Borirower to L.ender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. 'l'hese items are called "Escrow
<br />Items. " At origination or at any time during the term of ttie 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 ta
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender 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, Bonrower shall pay directly, when and where payable, the arnounts
<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 I.ender rnay require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed ta
<br />be a covenant and agreernent contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Barrower is obligated to pay Escrow Iterns directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due far an Escrow Item, Lender rnay exercise its rights under Section 9
<br />and pay such amounc and Borrower shall then be obligated under Sectian 9 ta repay to Lender any such
<br />amount. Lender may revake the waiver as to any ar a11 Escrow Ttems 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 arnount (a) suf�cient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the rnaximum amount a lender can
<br />require under RESPA. Lender shall estunate the arnount of Funds due on the basis of current data and
<br />reasonable estimates af expenditures af future Escrow Items ar otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in am institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the F�u�ds to pay the Escrow Items no later than the time
<br />speci�ied 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 rnake such a charge. Unless an agreement is made in writing
<br />ar Applicable �.aw requires interest ta be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Puuds. 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 of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, I.ender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Fwnds held in escrow,
<br />as de�ned under RESPA, Lender shall notify Borrawer as required by RESPA, and Bonower shall pay to
<br />Lender the amaunt 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 Fluids held in escrow, as defined under RESPA, L.ender shall
<br />natify Borrawer as required by RESPA, and Borrower shall pay to Lender the amount necessary Co make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessrnents, chazges, 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 auy. To
<br />the extent that these items are Escraw Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single F�mily - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-B(NE) lost t1 POge fi Of 16 inieiais: � Farm 302$ 1/01
<br />i�� � �tl.i;� � ty;�
<br />
|