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24100593�
<br />premiums, 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. These items are called "Escxow
<br />Items." 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 Bonower, and such dues, fees and
<br />assessments shall be an Escrow Itern. Borrower shall promptly furnish to I..ender all notices of amounts ta
<br />bs paid under this Section. Borrawcr shall pay Lender the Funds for Escrow Items unless L,ender waives
<br />Borrower's obligatian to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligatian to pay ta Lender Funds for any ar all Escrow Items at any time. Any such waiver may only be
<br />in writing. Tn 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 payrnent within such tirne period as Lender rnay require.
<br />Borracver's abligation to make such payments and to pravide receipts shall for all purposes be deemed to
<br />be a cavenant and agreement contained in ihis 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 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 Sectian 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any tirne by a notice given in
<br />accordance with Section 15 and, upon such revocation, Barrawer 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 I.ender to apply
<br />the Punds at the time specified under RESPA, aud (b) not to exceed the maximum amount a lender can
<br />require under RESPA. I.en,der shall estimate the amount 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 deppsits are insured by a federal agency,
<br />instrumentality, or entity (including I.ender, if Lender is an institution whose deposits are sa insured) pr 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 Bonrower for holding and applying the Funds, annu�lly
<br />analyzing the escrow account, or verifying the Escrow Ttems, 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 />ar Applicable Law requires interest ta be paid an thc Funds, X.ender shall not be required ta pay Bprrower
<br />any interest or eairnings an the �unds. Borrower and I.,ender can agree in writing, however, ihat interest
<br />shall be paid on the Punds. Lender sha11 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 de�med 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 defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<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 de�ciency of Funds held in escrow, as defined under RESPA, I.ender 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 vaith RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Barrower any Punds held by Lender.
<br />4. Charges; Liens. Barrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Praperty which can attain prior�ty over this Security Instrument, leasehald payments or
<br />ground rents on the Property, if any, and Comznunity Association Dues, Pees, and Assessments, if any. "I'o
<br />the extent that these items are Escrow Itews, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannia MaelFraddia MAC UNIFQRM INSTRUMENT
<br />�-6�NE) Ip811 � Pape 5 of 15 Initials:
<br />Form 3028 1 /01
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