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2010087��
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the pay�nent of Mortgage
<br />Insurauce premiums in accordauce with tb.e provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, I.ender 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 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 />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />abligatian to pay ta Lend�r Funds for any or all Escrpw Items at auy time. Any such waiver may only be
<br />in writing. In tt�e event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Itenns 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 I.ender 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 waaver, 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 />arnount. Lender may revoke the waiver as to any ar all Escrow Items at any time by a notice given in
<br />accordance with Section 1S and, upon such revocation, Barrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required 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 specified 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 accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whase deposits are insured by a federal agency,
<br />instrumentality, or entity (including I.ender, if J,.ender is an institution whase deposits are sp insured) ar in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />speci�ied under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, 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 ta be paid on the Funds, Lender shall nat be required to pay Bonower
<br />any interest or earnings on the Funds. Borrower and I.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting af the
<br />Funds as required by RESPA.
<br />Tf there is a surplus of Funds hcld in escraw, 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 de�ned under R�SPA, Lender shall notify Borrower as reqnired by RESPA, and Bonower shall pay ta
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as de�ned under R�SPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with R�SPA, but in no more than 12 monihly payments.
<br />Upon payment in full af all sums secured by this Security Instrument, Lender shall prornptly refund
<br />to Barrawer any �unds held by I,ender.
<br />4. Charges; Lieas. Borrower shall pay all taxes, assessments, charges, fines, and impositipns
<br />attributable to the Property which can attain priority over this Security Instrument, 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 aze Escrow Iterns, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (�
<br />�-6�NE) 1oe� t 1 Page 6 of 1 B inieiaia: LJ �,, Form 3�2$ 1/01
<br />! �� � �J �� i� . � t.
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