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201008918
<br />premiums, if any, ar any sums payable by Barrawer to Lender in lieu of the payment of Mortgage
<br />Tnsuranc� premiums in accordance with lki� provisions of Section 10. Thcse items are called "�scrow
<br />Items." At originatian or at any time during the term af the L,oan, Lender may require that Cominunity
<br />Associ�tian Dues, Fees, and Assessm�nts, if any, be escrowed by Borrower, and such dues, fees and
<br />assessm�nts shall be an Escrow Item. Sorrow�r sl�ll promptly furnish to l.ender all notices of amounts to
<br />be paid under this Section. Borrower shall pay L.ender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay Ih� Funds for any or all Escrow ltems. I,c:nd�r may waive Borrower's
<br />obligation to pay to L�nder Funds for any or all �scrow Ttems at any tim�. Any such waiver may only be
<br />in writing. Tn Ih� �v�nt of such waiver, Borrower shall pay dir�ctly, when and where payable, the amounts
<br />due for any EscrUw Ilems for which payment of Funds has b�en waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evid�ncing such payment within such time periad as Lender may require.
<br />Borrawer's obligation to make such payments and to provide receipts shall for all purpases be deemed to
<br />be a covenant and agreemc:nf contained in this Security Instrument, as the phrase "cavenant and agreement"
<br />is used in 5ection 9. If Borrowar is abligated to pay Escrow Ttems directly, pursuant to a waiver, and
<br />Borrawer fails to pay the amaunt due far an Escrow Ttem, T..ender may exercise its rights under Section 9
<br />and pay such amount and Barrower shall then be obligated under Section 9 lo rCpay to Lender any such
<br />amount. T.ender may revake the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordanc� with SCCtion 15 and, upon such revocatian, Bc�rrower shall pay to I,ender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />L�nder may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at th� time specified under RESPA, and (b) not to �xr;ecd tb.G maximum amount a lender can
<br />require und�r RESPA. L.�nder shall estimate the amount of Funds due an the basis of current data and
<br />reasonahle estin�al�s of expenditures of future Escrow Ttems ar atherwise in accordance with Applicable
<br />Law.
<br />'I'he: Funds shall be held in an institutian whas� deposits are insured by a federal agency,
<br />inst�rumentality, or entity (including Lender, iP Lc;ndcr is an institutian whose deposits are so insured) or in
<br />any Federal Home Loan Bank. I,cnd�r shall apply the Funds to pay the Bscrow Ttems no later than the time
<br />specified under R�SPA. I..tnder shall not charge Borrower for holding and applying the Punds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless T.ender pays Borrawer int�r�st an th�
<br />Punds and Applicable I,aw permits Lender to make such a charge. Uriless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, T..ender shall not be required t� pay Bc�rrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, howevcr, that interest
<br />shall be paid on the Funds. I.ender shall give to Borrower, without charge, an annual accc�un[ing of the
<br />Nunds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, I.�nd�r shall accaunt ta
<br />Borrow�r far kh� excess funds in accordance with RESPA. If there is a shortage af Funds held in escrow,
<br />as defined under RBSPA, L.ender shall notify Sorrower as required by RESPA, and Barrower shall pay to
<br />Leqder the amount necessary to make up the shortage in accordanu� with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency af Funds h�ld in asc.row, as defined under RESYA, T.ender shall
<br />natify Borrower as required by R�SPA, and Bc�rtawer shall pay ta Lender the aniount necessary to make
<br />up the deficiency in accordance wilh RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrua�nent, L.ender shall promptly refund
<br />to Borrower any Punds held by Lender.
<br />4. Charges; Li�ns. Barrawer shall pay all taxes, asssssments, charges, fines, and impositions
<br />attributable to the ProperCy which c;an attain priarity over this Security Instrument, leasehold payments or
<br />ground rents on thc Property, if any, and Cornrnunity Association Dues, Fees, and Assessments, if any. T'o
<br />the extent that th�s� items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannie Mae/Frsddie M�c UNIFQRM INSTRUMENT Q�[
<br />�-6�NE) loai i1 Page 6 pf 15 in�t�eis; Form 3028 1I01
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