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201oos�23
<br />premiumn, if any, or any siunG payable hy Borrower to T.ender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that C:ommunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and Guch dues, fees an�l
<br />assessments shall be an Escrow Item. Borrower shall ptomptly fumish to Lender all noticcs of amounts to
<br />be paid under this Section. Bnrtor�vet shall pay Lendex the Funds for I�scrow Iterns utiless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escraw Items. Lender rnay waive Barrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver rnay only he
<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 whlch payment of FundS has been waived by Lender and, if Lender tequires,
<br />shall furnish to Lendet receipts evidenciz�g snch payment within such tirne period as Lender may require.
<br />Borx obligation Co make such payments and tn pravide receipts shall for all purposes be deemed to
<br />be a covenant and agreeinent contained in this Security Instnunent, as the phrasa "covenant and agreement"
<br />is used in Section 9. If Sorrower is obligated to pay Escrow Iteins directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Ite1n, Lender rnay exercise itG rights under Seciion 9
<br />and pay such amount and Borrower shall then he obligated under Section 9 to repay to Lender any such
<br />amount. Lender inay 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 revocation, Borrower Ghall pay to Lender all Funds, and in
<br />such amnunts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds an an amount (a) sufficient to petmit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximtun amount a lender can
<br />require under RESPA. L.ender shall estimate the amount of runds due on the basis of current data and
<br />reasonable estimates of expendit�ues of fiihare Escrow Iterns or otherwise in accordance with Applicable
<br />Law.
<br />The I'unds 5ha11 be held in an institution whose deposits are insured hy a federal agency,
<br />instrumentality, or entiiy (including Lender, if Lendet is an institution who5e 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 Bortower for holding and applying the Tu,nds, annually
<br />analyzing the escrow account, or verifying the Escrow Iteins, unless Lender pays Borrawer interest on the
<br />kunds and Applicable Law permits Lender to make such a charge. Unless an agreemant is made in writing
<br />or Applicahle Law requires interest to he paid on the Funds, Lender shall not be required to pay Bottower
<br />any interest or earnings on the Funds. Borrower and Lendet can agree in writing, however, that intereat
<br />shall be paid on the Funds. Lender shall give to Bottowet, without charge, an annual accounting of the
<br />Funds as rcquired by RESPA.
<br />If thcre is a surplus of Funds held in escrow, as derned undet RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If thete is a shortage of �'unds held in escrow,
<br />as defined under RESPA, Lender sha11 notify Borrowet as required by RESPA, and Iiorrower shall pay to
<br />I,ender the amount necessary to make up thc shortage in accordance with RESPA, bnt in no more than 12
<br />monthly paymenls. If there is a deficiency af ��unds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrowet as tequired by RESPA, and Iiorrower shall pay to L,ender the amount necessary to rnake
<br />up the de£�iciency in accordancc with KESPA, but in no more than 12 monthly payments.
<br />Upon payuient in f'ull of all Gums secured by this Security Tn�trnment, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxea, aGSessments, charges, fines, and impo�itions
<br />attributable to the Property which can attain priority over this Security Instruxnent, leasehald payments or
<br />ground rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assessrnents, if any. 7'0
<br />the extent that these iteins are Escrow Items, I3orrower shall pay them in the inanner providcd in Section 3.
<br />NEBRASKA- Single Family - FannieMae/Freddle Mac UNIFORM INSTRUMENT' �
<br />�-6(NE) �aeii� Page5oF15 initiai Form 3028 1/01
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