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201Q089�S
<br />io�ase�s
<br />Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment af Martgage
<br />Insurance premiums in accordance with the provisions af Section 10. These items ace called "Escrow Items." At origination or
<br />at any time during the term pf thc Loan, Lender may require that Community Associatian Dues, Fces, and Assessments, if any,
<br />be escrowed by Borrower, and such dues, fees and assessments sha11 be an Escrow Item. Borrawer shall prorr►ptly fumish to
<br />Lender all notices of amounts to be paid under this Section. Borrower shall pay Lendcr the Funds for Escrow ltems unless
<br />�,ender waives Borrower's obligatian to pay the Funds far any or all Escrow Items. Lender may waive Borrower's obligation to
<br />pay to Lender Funds for any or all Escrow Items at any time, Any such waivcr may only be in writing. ln the event of such
<br />waiver, Borrawcr shall pay directly, when and where payable, the arnounts duc far any Escrow Items for which payment of
<br />Funds has been waived by Lendcr and, if Lender requires, shall furnish to Lender receipts evidencing such payment within
<br />such time period as Lender may rcquire. Borrower's nbligation to make such payments and to provide receipts shall far all
<br />purposes be deemed to bc a covenant and agreernent contained in this Security Instrument, as the phrase "covenant and
<br />agreement" is used in Section 9. If Borrower is nbligated to pay Escrow Items directly, pursuant to a waiver, and Borrower
<br />fails to pay the arnount due fpr an Bscrow Item, Lender may exercise its rights under Section 9 and pay such arnounC and
<br />Borrowsr shall then be obligated under Section 9 to repay to I.ender any such atnaun� Lender may revoke the waiver as ta any
<br />or all Escrow Iterns at any time by a notice given in accordancc with Section 1 S and, upon such revocation, Bnrrower shall pay
<br />to Lendcr all Funds, and in such amounts, that are thcn required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an arnaunt (a) sufficient to permit Lendcr to apply the Funds at the
<br />time specifed under R�SPA, and (b) nqt to exceed the maxirnum amaunt a lender can require under RESPA. Lender ahall
<br />estimate the arnount of Funds due on th� basis of current data and reasonable estimates af expenditures of future Escrow Items
<br />or otherwise in accordance with Applicable Law. �
<br />The Funds shall be held in an institutian whose deposits are insured by a fedaral agency, instrumentality, or entity
<br />(including Lender, if Lender is an institutiqn whose deposits are sp insured) or in any Federa] Home �.oan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items no later than the tima specified under RESPA. L,cnder shall not charge Enrrnwer for
<br />holding and applying the �unds, annually analy�ing the escraw aocaunt, or verifying the Escrow Items, unless Lender pays
<br />Borrower interest on the Funds and Applicable Law permits L�nder ta makc such a charge. Unless an agrEement is made in
<br />writin� or Applicable Law requires interest to be paid on the Funds, I,cnder shall nat be required to pay Borrawer any interest
<br />or carnings on the Funds. Borrower and Lender can agrec in writing, however, that interest shall be paid on the Funds. Lender
<br />shall give to Barrowcr, without charge, an annual accounting pf the Funds as required by RESPA.
<br />If thcre is a surplus of Funds hcld in escrow, as defined under RESPA, Lender shall account to Bpnrowcr for the
<br />excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as deFned und�r R�SPA, Lender shall
<br />notify Borrower as required by R�SPA, and Borrower shall pay ta Lender the amount necessary to makc up the shortage in
<br />accordance wirh RESPA, but in no more than l2 monthly payrnents. If there is a deficiency of Funds held in escrow, as defined
<br />undcr RESPA, Lender shall narify Borrower as required by REST'A, and Borrower shall pay ta Lender the amount necessary to
<br />make up the deficiency in accordancc with RESPA, but in no more than 12 monthly payrnents.
<br />Upon payrn�nt in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds hEld by Lender.
<br />4. Charge�; Lieris. B�rrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Ducs, Pees, and Assessments, if any. To the extent that these items are �scrow Items, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Borrower shall pramptly discharge any lien which has prinrity aver this Security Instrument unless Sorrower: (a)
<br />agrees in writing to the payment vf thc obligation secuted by the lien in a manner acceptabl� ta Lcndcr, but only so long as
<br />Borrower is perfarming such agweement; (b) contests thc lien in good faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement af the lien while those proceedings are
<br />pending, but only until such proceedings are concluded; ar (c) secures fram thc holder of the lien an agreement satisfactory to
<br />Lender subordinating thc lien to this Security Instrument. If Lender detcrmines that any part of the Property is subject ta a lien
<br />which can attain priority over this Security Instrument, Lender may give Barrower a notice idendfying the lien. Within 10 days
<br />of the date on which that notice is given, Borrower shall satisfy the lien or take onc ar mare of the actions set forth above in
<br />this Sectipn 4.
<br />Lender may require Borrawer to pay a one-time charge for a real estate tax verification and/or repurting service used
<br />by Lender in connection with this Laan. �
<br />NEBRASKA-5inglo Family—Frnnie MrcJFreddie Mac UN[FpRM Il�iBTRUMEN"C
<br />� 338.2 Page 4 of 12
<br />Farra 30281/Ol
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