|
��ioos���
<br />premiums, if any, or any sums payable by Bonower ta Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions af Section 10, These items are called "Escrow
<br />Iterns." At origination or at any time during the term of the Loan, Lender may require that Cornrnunity
<br />Assaciation 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 />Barrower's obligation to pay the Funds for any or all Escrow Items. I.cnder may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items ac any tinne. 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 Escraw Items for which payment of Funds has been waived by Lender and, if I.ender requires,
<br />shall furnish to I.endcr r�ceipts cvidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and ta prpvide 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 Sectian 9. If Borrower is obligated to pay Escrow Items directly, pnrsuant ta 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 />a�mount. I.ender may revake the waiver as ta any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revacatian, Borrower shall pay to Lender all Funds, and in
<br />such amaunts, that are then required under this Section 3.
<br />L.ender may, at any time, collect and hold Funds in an arnount (a) suf�cient 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 RESPA. Lender shall estimate the annount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance 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 I.oan Bank. Lender shall apply the �unds to pay the Escrow Items no later tk�.an the time
<br />specifed under RESPA. I.,ender shall not charge Borrawer for holding and applying the Funds, annually
<br />analyzing the escrow accouut, 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 Punds, J..ender shall not be required to pay Borrower
<br />any interest or eamings on the Funds. Borrower and L,�nder 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 />Punds as required by RESPA.
<br />If there is a snrpins of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RE5PA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Bonrower as required by RESPA, and Borrower shall pay to
<br />Lender the arnount necessary co make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amaunt necessary to make
<br />up thc deficiency in accordance with RESPA, but in no moxe than l2 monthly payments.
<br />Upon payment in full of all sums secured by this Secu�ity Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority ov�r this 5ecurity Instrurnent, 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 items are Escrow Items, Bonawer shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUME�NT
<br />�-8(NE) lpst t � Paae s o► i s inici : Form 3028 1/01
<br />i �y w '
<br />� ' ` S ..
<br />
|