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2�1008224
<br />pre�pniums, if any, or any sums payable by Borrower to L,ender in lieu pf the paymemt of Mortgage
<br />Insurance premiwa�s iza accordance with the provisions of Section 10. These item,s are called "Frscrow
<br />Yt�ns. " At orig�inaCian or at any tim� dtuing the term of the Loan, I.ender may �require that Community
<br />Association Dues, Fces, and Assessments, if any, be escmwed by Boxt�ower, aud suclx dues, fces and
<br />ass�m�ents shall be an Fscrow �tem. Horrower shall promptly furnish to Len�der all notices of amounts ta
<br />be paid under this Section. Barrower shall pay L,ender the Funds for F�craw Itenos uNess I.ender waives
<br />Borrower's obligation to pay the Funds for any or all Escnow It�ms. I.ender may waive Borrower's
<br />obligation to pay to Lender Funds for ar�y or all Egc�row Iteins at any time. Any suc� waiver may only be
<br />in writing. In the event of such waiver, Rorrower shall PaY directlY when and where payable, the atuounts
<br />due for any Escrow It�tns for which paym�nt of Funds has been waived by L�nder aad, if Lender r�equtires,
<br />s�all furni.gh to Len�der receipts evidencing such pay�aent within such ttimeme period as I.ender may x�u.ire.
<br />Borrower's obligatian w make such payments a� ta provide re�eipts s�hall for all pwposes be deerr�ed to
<br />bc a covenaz�t and agreement cantaixied in this Se.curity Instruinent, as thc phrase "covenant and agreem�pt"
<br />is used in Section 9. If Boxxower is obligated w pay Fscxow Items direcdy, pursuant to a waiver, and
<br />Hortower fails to pay the amount due for aa Escrow Item, L�ender may exercise its nights under Se�ctian 9
<br />and pay such a�mount and B�rrower shall then be obligated under Section 9 to repaq ta Lender any such
<br />amount. Lendcr may revoke the waiv�,r as to any ar all Escrow Itcros at any tiu�e by a noticc given in
<br />accordance with Serxian 15 and, upon such revocation, Borrawer shall pay W Lender all FYUnds, and in
<br />such amaunts, that are then required under this Section 3.
<br />I.�ender may, at any tim�e, collect and hold Funds in an amount (a) su�fiicient to pearmit Lender ta apply
<br />the Funds at the time specifie.�l uaxder R�SPA, an�d (b) not ta eaceed the n�aximum amotu�t a lender cat�
<br />require under RESPA. Leinder shall estimate the smount vf Funds d� on Che basis of current data and
<br />reasonable estimates of expendi� of fiYture Escxow Items or otherwise in acoordance with Applicable
<br />Law.
<br />The Funds shall be held in an institudon whase deposits are insure� by a federal agency,
<br />�tality, or �tity (including Lender, if I.ender is an institutian whase deposits are so insured) or in
<br />any Fedexal Home Loan Bank. L�cier shall apply khe Funds to pay the Escrow Items na later t�han the time
<br />speci�e� under RFSPA. I�nder shall not charge Banrower for holding and applyiug the Funds, anu,ualiy
<br />analyzing tt►e escrow s�ccouat, or verifying the Escrow Items, unless I,ender pays Horrower inte�esC on the
<br />Funds and Applicable Law perrnits Lender to make such a charge. Unless an agreementt is made in writing
<br />Qr Applicable Law requires interest to be paid on the �unds, L.ender shall not be requi� to pay Eorrower
<br />atxy interest or earnings on tb�e Funds. Borrower and Lcnder can agrec in writing, ho�+ever, that inte�rest
<br />shall bc paid on the Funds. L�nder shall give to Borrnwer, without chargc, an annual accounting of the
<br />Funds as required by RESPA.
<br />�f there is a surplus af Funds held in �w, as defined under RESpA, I.end�r sball account to
<br />Borrower fqr the exr,ess funds in accordance with RFSpA. If there is a shortage of Funds held in escrow,
<br />as definod un�der R�SPA, I.e�der shall rwtify Borrawer as required by RESPA� and Borrorwer shall pay to
<br />L,a�der the amount necessary ta make up the s�hortage in� accordance w�ith RESPA, but in no mpre than 12
<br />rnanthly paym�ents. If tl�cre is a deficiency of Funds hcld in escrow� as defined wnide�r RESPA, Letxder shall
<br />notify Horrower as required by RFSPA, and Borrower shall pay to Lender the atn�unt nacessary to naake
<br />up the deficiency in accardance with RESPA, but in ��re than 12 montlily PaYme�ts•
<br />Upon payment in full af all sums secw�ed by this Se�urity Instrwnent, I.ender shall promptly refund
<br />to Bormwer any Funds held by Lender.
<br />a. cr�; ��. ��� �i pay �i �, �, ��, �, � �$x�o�
<br />attributable to the Praperiy which can attain priority over this Se�urity Inswment, leasehald payments or
<br />ground reints on the Prnperty, if any, and Cvmmunity Association Dues, Fees, and Assessme�ts, if any. To
<br />the extent that thes� items ar�e Escrow Itans, Horrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Singla Famify - FsnNe Mae/Fr�ddN Mac UNIFbRM INSTRUMENT
<br />���NE) toe� � i P.ae e w� g i�niw: Form 3028 1/01
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