|
2Q1oos335
<br />premiums, if any, ar any sums payable by Borrower to I.ender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items aze called "Escrow
<br />Items," At originatian or at any time during che term of the Loan, Lender may require that Cammunity
<br />Associatian 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 to
<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 Iterns. Lender may waive Borrower's
<br />obligation to pay ta Lender Funds for any or all Escrow Items at any tirne. Any such waiver may only be
<br />in writing. In the event of such waiver, Boxrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Iterns for which payrnent 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 Lender may require.
<br />Borrower's obligation to rnake such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreernent contained in this Securiry Instrument, 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 au Escrow Item, �..ender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender rnay revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 1S and, upon such revocatipn, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />I.ender may, at any time, collect and hvld Funds in an amount (a) suf�cient to permit Lender ta apply
<br />the Funds at the time spccified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. L,ender shall estimate the amount af Funds due on the basis of current data and
<br />reasonable estimates af expenditures of future Escrow Ttcros or otherwise in accardance with Applicable
<br />Law.
<br />The Funds shall be held in an 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. �..ender sha11 apply the Funds to pay the Escrow Ttems na later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, am�►ually
<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 make such a charge. Unless an agreement is made in writing
<br />or Applicable Law 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 Lender 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, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESFA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, buc in no more than 12
<br />monthly payrnents. If there is a de�iciency of Funds held in escrow, as de�ned under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Barrower shall pay to I.ender the amount necessary to make
<br />up the de�ciency in accardance with RESPA, but in no mare 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. Cha� Liens. Bonower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain prio�ity over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any, To
<br />the extent that these iterns aze Escrow Iterns, Borrower shall pay thern in the manner provided in Section 3,
<br />NEBRASKA - Single Family - Fannia MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-BINE) los�tl Pege 5 of 15 i��t�ais: Form 3028 1l01
<br />�
<br />�.. ,,
<br />•1�� � ���.�.i,�
<br />� � �� �
<br />
|