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201008394
<br />premiurns, if any, or any sums payable by Borrower to I..,ender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the pravisians of Section 1p, These items are called "�scrow
<br />Items," At origination or at any time during the term of the �.oan, Lender may require that Cammunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escraw Item. Borrower shall promptly furnish to I.ender all notices pf amounts to
<br />be paid under this Sectian. Borrawer 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. L,ender may waive Borrower's
<br />obligation to pay to I.ender 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, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if L,Qnder requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Bonower's obligation ta make such payments and to provide receipts shall far all purposes be deemed ta
<br />be a covenant and agreement contained in this Security Instnunent, as the phrase "covenant and agreement"
<br />is used in Section 9, If Borrower is obligated to pay Escarow Items dixecCly, pursuant to a waiver, and
<br />Borcower fails to pay the amouat due for an 8scrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 co repay to I.ender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items 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 rnay, at any tirne, collect and hold Funds in an amount (a) sufffcient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESI'A. Lender shall estimate the amaunt af F'unds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Ttems or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose depasits 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 che Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying che Funds, annually
<br />analyzing the escraw account, ar verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender ta make such a charge. Unless an agreement is rnade 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 tl�e Ftiuids. Borrower and Lender can agree in writing, however, that interest
<br />sha11 be paid on the F�nds. 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 de�ned under RESPA, Lender shall acconnt ta
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as de�ined under RESPA, L,�nder shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount 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 Funds held in escraw, as defined under RESPA, Lender shall
<br />notify Bonower as required by RESPA, and Borrower shall pay to L.ender the amount necessary to make
<br />up the deficiency in accordance with RESPA, bnt in no more than 12 monthly payments.
<br />Upon payment in full af all sums secured by this Security Instrument, L,ender shall promptly refund
<br />to Borrower any Funds held by I,ender.
<br />4. Charges; Liens. Banawer shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable ta the Property which can attain priority over this Security Instrument, leasehold payrnents or
<br />ground rents an the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />NEBRASKA - 5ingla Family - Fannie Mae(Freddie Mac UNIFORM INSTRUMENT ��(�
<br />�-B�NE) (oet t1 Page fi of 15 �n�t�a�s: ��`4 `�• Farm 3028 1/09
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