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241008412
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiuma in accordance with the provisions of 5ection 10. These items are called "Escrow
<br />Items." At originatipn ar at any time during the term of the Loan, Lender rnay require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments sha11 be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amaunts 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 Punds for any or all Escrow Items. Lender may waive Borrower' s
<br />obligation to pay to Lender 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, Barrower shall pay directly, when and where payable, the asnaunts
<br />due for any Escxow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payr►�ent within such time peripd as Lender may require.
<br />Borrower' s obligation to z�ake such payments and to provide receipts shall for a11 purposes be deemed to
<br />be a covenant and agreement contained in f.his Security Instarument, 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 ltem, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under 5ection 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any tiz�ae by a notice given in
<br />accordance with Section 1 S azad, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then requited under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amaunt of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Itezns pr otherwise in accordance with Applicable
<br />Law.
<br />The Funds sha11 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 the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for hnlding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest an the
<br />Funds and Applicable Law permits Lender to malce such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall npt be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lez�der can agree in writing, however, Chat interest
<br />shall be paid on the Funds. Lender shall �ive 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 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 />monthly payments. lf there is a deficiency of Funds held in escrow, as defined under RESPA, Lender sha11
<br />notify Borrower as required by RESPA, and Borrower shall pay to I..ender the amount necessary ta make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this 5ecurity Instrumant, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, �nes, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />graund rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />23D958
<br />NEBRASKA - 5ingle Family - Fannle Ma�/Freddie Mac UNIFORM INSTRUM�NT �
<br />�-6(NE) �aett> Page5 of 15 inisiais:�� Form 3028 1I01
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