|
201008911
<br />pr�miums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. lfiese items are called '"Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Comniunity
<br />Association Dues, Pees, and Assessments, if any, be escrawed by Barrawer, and such dues, fees and
<br />assessrnents shall be an Escrow Item. Borrower shall promptly furnish to I,ender all notices of amounts to
<br />be paid under Ghis Section. Borrower shall pay I,ender the Funds for Escrc�w Itenns unless I.end�r waives
<br />Borrower's obligation to pay the Funds for any or all Escraw Itenns. I.,ender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow It�ms al any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, wh�n 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 fumish to T.ender receipts evidencing such payment within such time period as Lender may require.
<br />Bonrower's obligation ta znak� such paymcnts and to provide receipts shall for all purposes be deemed to
<br />be a cov�nant and agreement contain�d in this Security Instrument, as the phrase "covenant and agreement"
<br />is us�d in S�etic�n 9. If Ba!rrower is abligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Barrpw�r fails to pay the amount due far an Esaraw Item, I.ender may exercise its rights under Section 9
<br />and pay such anxaunt and Borrower shall then be abligateti under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any par all Escrow Items at any time by a notice given in
<br />accardance with Section 15 and, npan such x�vacation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />I,ender may, at any time, callsct and hcald Funds in an amount (a) sufficient to permit T.ender to apply
<br />the Funds at the time specified under R�SPA, and (b) nat to �xe��d the maximum amount a lender can
<br />requ'rre under RESFA. Lender shall estimat� t,h� amount af Funds due on the basis of current data and
<br />reasanable estinnates of expenditures af future �scrow Items or oiherwise in accordance with Applicable
<br />Law.
<br />The Nunds shall be held in an institutian whose deposits are insurr.d by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an instiGutian whos� d�pasiCs are sU insured) or in
<br />any Federal Home Loan Bank. L.ender shall apply the Funds to pay the Escrow Items no later than the tune
<br />specified under REST'A. Lender shall not charge Borrowex for halding and applying th� Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, uril�ss I,cndcr pays Barr�wer interest on the
<br />Funds and Applicable Law permits I.ender to make such a charge. Unless an agrsem�nt is made in writing
<br />or Applicablc Law reyuires int�resC to be paid on the Funds, I.ender shall not be required to pay Barrower
<br />any interest or earnings on the Funds. Borrower and Y,ender can agree in writing, howev�r, that interest
<br />shall b� paid an the Funds. I.�nder shall give to Bonower, without charge, an annual accounting pf [hc
<br />Funds as required by RESPA.
<br />If there is a suxplus of Funds held in esr.row, as defined under RESPA, Lender shall accaunt ka
<br />Borrow�r fpr thc cxcess funds in accardance with RESI'A. Tf there is a shortage of Funds held in �scrow,
<br />as defined under RESPA, Lender sha11 notify Bart'awer as rcquired by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accardance with RESPA, but in no more than 12
<br />monthly payments. Tf there is a deficiency af Funds held in escraw, as defined under RESPA, I.ender shall
<br />natify Borrower as required by R�SPA, and Borrower shall pay to L,ender tkie amaunt n�t;essary to make
<br />up the deficiency in accordance with RESPA, but in no more than l2 monthly payments.
<br />Upan payment in full of all sums secured by this Security Instrument, I,endcr shall promptly refund
<br />t� Borrower any �'unds held by T.ender.
<br />4, Charges; Liens. Borrow�r shall pay all taxes, assessments, charges, fines, and impositions
<br />attributnble to the ProperCy which can attain priority over this S�curify Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Associatian Dues, Fees, and Assessments, if any. 'I'a
<br />the extent that these items are Escrow It�ms, Borrower shall pay them in the mann�r prUVided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UIVIFORM INSTRUMENT �
<br />�-6(NE) �oai i i Paqa 6 of 16 Initia � • � Form 3028 9I0'1
<br />
|