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201008932
<br />premiunns, if any, or any sums payable by Bonower to I.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 ar at any time during the term of the Loan, Lender rnay require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments sha11 be an Escrow Ttem. Borrower shall protnptly fiurnish to Lender all notices of amounts to
<br />be paid under this Section. Borrawer shall pay I.,ender the Funds for Escrow Itecns unless Lender waives
<br />$onower's obligation to pay the �'unds for any or al] Escrow Iterns. Lender rnay waive Borrower's
<br />obligation ta pay to L.cnder Funds for any or all Escrow Items at any time. Any such waiver may only be
<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 which payment of Funds has been waived by I,endex and, if J.e;nder requires,
<br />shall furnish to L,ender receipts evidencing such payment within such time period as Lender may require.
<br />Borrawer's abligatian to make such payments and to provzde 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 $orrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amaunt due for an Fscrow Itern, Lender may exercise its rights under Section 9
<br />and pay such amaunt and Borrower s.hall then be obligated under Section 9 ta repay ta Lender any such
<br />amount. L.ender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section l5 and, upon such revocation, Borrawer shall pay to L.ender all �'unds, and in
<br />suck► amounts, that are then required under this Section 3.
<br />Lender rnay, at any time, collect and hald Funds in an amount (a) sufficient to pernut Lender to apply
<br />the Funds at the tirne speci�ied under RESPA, and (b) not to exceed the rna.7cirnurn amount a lender can
<br />require under RESPA. Lender shall estinnate 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 />T'he Funds shall be held in an institution whose deposits aze insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whase deposits are so insured) or in
<br />any Federal Hozne I.oan Bank. T ender shall apply the Funds to pay the Escrow Items no later than the tirne
<br />specified under RESPA. L,ender sha11 not charge Borrower for holding and applying the Funds, atuivally
<br />analyzing the escror�v account, or verifying the Escrow ltems, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits I.ender to make such a charge. Unless an agreernent is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender sha11 not be required to pay Borrower
<br />any interest or earnings on the Fur�ds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, withaut cha�rge, an anz�ual accounting of the
<br />Funds as required by RESPA.
<br />Tf there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the exccss funds in accordance with RESPA. If there is a shortage af Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as reyuire� by RESPA, and Borrawer sha11 pay to
<br />L.ender the amount necessary to make up the shortage in accordance with R�'SPA, but in no more than 12
<br />monthly payments. If there is a de�ciency of Funds held in escrow, as de�ned under RESPA, I.ender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the annount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monttily payments.
<br />Upan payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />ta Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and iznpositions
<br />attributable to the Property which can attain priority over this Security lnstrument, leasehold payznents or
<br />ground rents on the Property, if any, and Cornmunity Association Dues, Fe�s, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner pravided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�NE) lost tJ Page 5 of 15 in�c�eis: Form 3028 7l07
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