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201408277
<br />pre►niuins, if any, or any sums payable by I3orrower to Lender in lieu of thc payment of Mortgage
<br />Insurance premiums in accordance with the pravisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the tcrm c�f the Loan, Lender may rc:quire that Conununity
<br />Association Dues, Fees, and Asscssrncnts, if any, be escrowed by F3arrower, and such dues, feas and
<br />asscssmenCS 5hall be an Escrow Itcm. Borrower shall prompYly furnish to Lender all notices of a�nounts to
<br />be paid under this Saction. Borrower shall pay Lcnder the Funds for Escrow Items unless Lc;nder waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Iteins. Lcnder inay waive &�rrower's
<br />obligation to pay to Lendcr Funds for any or all Esc:row Items at any time. Any snch waiver may only be
<br />in writing. In the evenl of 5uch waiver, Borrower shall pay directly, when and wherc payable, thc �unounts
<br />due for any F,scrow Ilcins for which payment of Funds has been waivcx� by Lender and, if Lender rc;quires,
<br />shall furnish to Lender receipts evidencing such payment within such ti�ne pericxi as Lender mdy require.
<br />$orrowcr's obligation to make such paytnents and to provide receipts shall for all purposes be deemul to
<br />be a covenant and agreetnent contained in Lhis Security Instrument, as the phrasc "covenant and agreemenC"
<br />is u5ed in 5ection 9. If $orrowor i5 obligated to pay Escrow Iteins dircxtly, pursuant to a waiver, and
<br />$arrowcr fai15 lo pay the amount due for an Escrow item, Lendc,�' may exerci5e its rights under 5ection 9
<br />and pay such amount and I3orrower shall then be obligatcd under Section 9 to repay Co Lender any such
<br />amount. Lender rnay revoke the waiver as lo any or all Fscrow Items at any time by a nolice given in
<br />accordancc with Section 15 and, upon such t'evocation, Borrower shall pay to I.ender all Funds, and in
<br />such amnunts, that arc lhcn required under this Sc,�:tion 3.
<br />Lender inay, at any ti�ne, collect and hold Funds in an ainount (a) sufficient to per►nit Lender to apply
<br />the FundS al the ti�ne specified undc;r RES�'A, and (b) nol to exceed the tnaximum �unount a lendcx can
<br />require under RESPA. Lender shall estiinatc the amo�u�t of Funds due on thc basis of currcnt data and
<br />reasonable e;sliinates of expenditures of future F,scrow Iteins or otherwise in accordance with Applicablc
<br />Law.
<br />The Funds shall be held in an in5titution whose dcpo5its are insured by a faleral agency,
<br />instrtunentality, or entity (including Lender, if Lendec is an institution whose deposits are so insured) or in
<br />any Fc_xleral Home Loan $ank. Lcnder shall apply the Funds to pay the Eacrow Items no later than thc time
<br />specified under RESP�1. Lcndcr shall not charge I3c>rrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow ILetns, unless Lcnder pays Bortower interesL on the
<br />Funds and Applicable Law pennits Lender to make such a charge. lJnless an a�ree�nenl is tnade in writing
<br />or Applicable Law requires interest to bc paid on the Funds, Lcnder shall not be required to pay 13orrowcr
<br />�ury interest or earnings on thc Funds. &�rrower and Lender can agreo in writing, however, that interest
<br />shall be paid on the Punds. Lender shall give to F3orrower, without charge, an annual acc:ounting of thc
<br />Funds as required by IZESPII.
<br />If there is a surplus of Funds h�ld in escrow, as defincd under RESPA, Lender ahall account lo
<br />Borrowcr far the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as detined undee RESPA, Lender shall notify I3orr�wer as required by RESPA, and Borrower shall pay to
<br />Lender the amount ncx:cssary to make up the 5hortage in accordancc with RESPA, but in no mure than 12
<br />monthly payments. if there is a deficiency of Funds held in escrow, as defined under RESPA, Lendcr shall
<br />notify Borrower as required Uy RESPA, and F3orrower shall pay to Lender the asnount necessary to inalce
<br />up the deficieucy in ac:cordancc with RESPA, but in no more than 12 inonChly paym�nLy.
<br />Upon payinent ii� full of all sums securcd by this Security InStrument, Lender shall promptly refund
<br />to F3orrowcr any Funds held by Lendcr.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, tines, and impositions
<br />attributable to the Property which can attain priorily over this Security Instnament, leasehold payments or
<br />ground rents on the Property, if any, and Coirununity Association Dues, Fees, and Assessments, if any. Ta
<br />the extent that these il�ins arc Escrow ]teins, Borrower Shall pay them in the manner provided in Section 3.
<br />8800893725
<br />NEBRASKA - Single Family - Fannie Mae/Freddle Mae UNIFORM
<br />�-6A(r1E) (0810) Psge 5 of 1;
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<br />880Q893725
<br />INStRUMENT WIT E�S
<br />�nitials: f FOPI113028 7/01
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