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2010086�9
<br />premiurns, if any, or any sums payable by Bonower to Lender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisions of 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 Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Ttem. Borrower shall pramptly furnish to Lender all notices of arnounts to
<br />be paid under this Section. Bdrrower shall pay I.ender the Puuds 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 Funds for any or all Escrow Items at any tirne. 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 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 payrnents and to provide receipts shall for all purposes be deemed to
<br />be a cavenant and agreem�nt contained in this Security Instrument, as th� phrase "covenant and agreernent"
<br />is used in Section 9. If Borrower is obligated ta 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 with Section 15 and, upon such revacatian, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this 5ection 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 ttie amouanc of Funds due on the basis of cunent 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 institutian whose deposits are so insured) or in
<br />any ��deral Home I.oan Bank. T..ender shall apply tlae Punds to pay the Escrow Items na later than the time
<br />specified under R85PA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless T.,ender pays Barrower interest an the
<br />Funds and Applicable Law permits I.ender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest ta be paid an the Funds, Lender shall nat be required to pay $orrawer
<br />any interest or earnings pn the Funds. Borrawer and I..ender can agree in writing, however, that interest
<br />shall be paid on the Funds. I.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 defined under RESPA, L,�nder 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 />T..ender the amount necessary to make up the sho�tage in accordance with RESPA, but in no mare than 12
<br />monthly payments. If there is a deficiency of Punds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower sha11 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 af all sums secured by this Security Tnstrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Barrower shall pay all taxes, assessments, charges, fines, and irnpositions
<br />attribntable to the Property which can attain priority aver this Security Tnstrurnent, 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 tt►ese items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddte Mac UNIFpRM INSTRUMENT
<br />�-BIN�) loa�tl Pape 5 of 15 inmais: \ Form 3028 1/01
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