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201Q08481
<br />premiums, if any, or any swms payable by Borrower to Lender in lieu of the payrnsnt of Mortgage
<br />Insurance pr�niums in accordance with the pmvisions of Section 10. These items are called "Escrow
<br />Itenns." At origination ar az any time during the ter� of the L+oan, L.ender may require that Community
<br />Association Dues, F�es, and Assessu�ents, if any, be escmwed bq Horrower, and such dues, fees an[1
<br />assessments shall be an Eserow Item. Borrower shall promptly furnish ta Let�der all notices af atnwtuYts W
<br />be paid under this Se.ction. Horrower shall pay �.eender the Fu�ls far Escrow Items unless L.ender waives
<br />Borrower's obligation to pay thc Fun�s for any or all F.scmw Ite�ns. Lender may waive Borrower's
<br />obligation w pay to Lertder Funds for any or all Escmw Items at any tirne. Any such waiver may otaly be
<br />in writing. In the event of such waiver, Borrower shall pay di�rectly, vc�hen �nnd where payable, the arnnunts
<br />due for any Escrow �tez�as for which payment of F�nds has been waive�l by Lend�r and, if Lender requires,
<br />shall i'urnish to Lender receipts evidencing such payment within such time period as Lender may �require.
<br />Borcower's obligation to melce aur.� payments and w provide receipts shall for all purposes be deeme�i to
<br />be a covenant and agree�n�nt containe� in this Security Tnstrument, as the phrase "covenant and agre�nent"
<br />is used in Section 9. If Borrower is obligated to pay Fscxaw It�tns directly, pursu.ant to a waiver, and
<br />Borrower fails ta pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrowcr shall then be obligated under Se�tian 9 to repay to L,ender any such
<br />amount. Lender may revoke the waiver as to any or atl Escrow Items at any time by a notice given in
<br />accordance with 5ection 15 and, upon such revocation, Bo�rrower shall pay to Lender all �nds, and in
<br />such amounts, that are then required under this S�tion 3.
<br />Lender may, at any timc, collect and hold Funds in an amount (a) sufficient to perm�it L�ender to apply
<br />the �uids at the time speci�ied utLder RFSPA, and (b) not to eaceed the maximum amount a lender can
<br />require under RESPA. L�ender shall estimate the amount of Funds due on the basis of cunent data and
<br />reasonable estimates of expenditure� of future Escrow Items or otherwisc in accordance with Applicable
<br />Lavv.
<br />The Funds shall bc h�ld in an in�titution whose deposits �re insureci by a federal agency,
<br />instrumentality, or entity (i,ncludiu�,g I�uder, if L,ender is an institution whose depoaits are so insured) or in
<br />any Federal Home Loan Bank. I,ender shall apply the Fun�1s ta pay the Escrow Items no later than the tims
<br />speci�ed under RFSPA. Lsnder sha11 �t charge Borrower for holding and applying the Fu�s, annually
<br />analyzing the escrow accouqt, or verifying the Escrow ltems, unless Lender pays Horrower interest on the
<br />Funds and Applicable Law permits I.ender to make such a charge. Unless an agreennent is made in writing
<br />or Applicable Law requi�res interest to be paid on the Funds, rxnder shall not bc required to pay Horrower
<br />any interest or earnings on tUe, Funds. �3arrower and L,ender can agre.e ia writirng, however, that interest
<br />shall bc paid oan the Funds. Lender shall give to Borrower, vvithout charge, an annual acoounting of the
<br />Funds as �sequ�i�red by RESPA.
<br />If there is a surplus of Funds held in escrow, as de� undesr RESPA, L,ender shall account to
<br />Borrower for the eacess funds ic� accordance with RFSPA. If chere is a shortage of Funds held in escrow,
<br />as defined wacler RESPA, I.ender shall notify Borrower as required by RESPA, and Borirower s,hall pay to
<br />L.ende�c the smount n�essary to make up the shortage in accordanecs vvith RFSPA, but in � m�re than 12
<br />monthly payments. If there is a defici�cy of Funds held in esccow, as defined under RESPA, L�ender shall
<br />notify Borrower as required by RFSPA, and Borrower shall pay ta I.ender the ariwunt nec�sary to make
<br />up the deficiency in accordance with RFSPA, but in no tno�re t1�an,12 monthlY P�Y�nts.
<br />Upon payra�nt in full of all suxns securerl by this 5ecur,ity Instarwm,ent, L,�nder sha11 pronqptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Chatges; Liens. Borrower shall pay all taaces, assessm�e�nts, charges, fines, aind impositions
<br />attributable to the Property which can attain priority over this Security Instnunent, leasehold payments or
<br />growxi xt;nts on the Praperty, if any, �ad Community Association Dues, Fees, and Ass�sments, if any. To
<br />the cxt�nC that these itenos are Escraw Itcins, Borrowe�r shall pay the�m in the manner provided in Se�tion 3.
<br />NEBRASKA - Single Family - Frnnir M�/FrNddi� 11Aac UNIFQRM INStRUMF,NT .' �,A,
<br />�$INE) 1oe111 Papa 6 of 1!S �n1tlw�V�, Form 50�8 1/Q1
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