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2010U8400
<br />prerniurns, if any, or any surns payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions af Section 1Q. These items are called "Escrow
<br />Items." At origination or at any time during the term of the I.van, I.ender may require that Comrnunity
<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 I.ender all nptices of amounts to
<br />be paid under this Section. Borrower shall pay I.ender 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 Punds for any or all �scrow Itenns at aziy 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 I,ender 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 make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security 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 an Escrow Item, Lender 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 may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance vvith 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 />L.ender may, at any time, collect and hald Funds in an amount (a) suf�cient to permit Lender to apply
<br />the Funds at the cime speci�ed under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordancc 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. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Ttems, unless T.ender pays Borrower interest on the
<br />�unds 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, I,ender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and L.ender can agree in writing, hawever, that interest
<br />shall be paid on the Funds. L,ender 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 accaunt to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as de�med under RESPA, 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, but in no more than 12
<br />manthly payments. If there is a de�ciency of Funds held iri escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrawer shall pay to I.ender the amount necessary to make
<br />up the deficiency in accordance with R�SPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall prornptly refund
<br />to Borrower any Funds held by L.ender.
<br />4. Charges; Liens. Borrower sha,ll pay all taxes, assessments, charges, fines, and irnpositions
<br />attributable to the Property which can atcain priority over t]�is Security Instrument, leasehold payments or
<br />ground rents on the Propez�ty, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent tlaat these items are Escrow Items, Barrower sha11 pay them in tha manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �(�QR
<br />�-6�NE) loet t1 Page B of 15 Initia . �'^-r Form 3028 1101
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