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2 41009042
<br />premiums, if any, or any sums payable by Borrower to Lender in li�u of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items aze called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Cozaimunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Bscrow Itam. Borrower shall promptly furnish to Lender all notices of axnounts to
<br />be paid under this Sectian. Borrower shall pay Lender the Funds for Escrow Items unless I,ender waives
<br />Borrower' s obligation to pay the Funds for any or all Escrow Itams. Lender may waive Bprrower' s
<br />obligation to pay to Lender Funds for any or all Escrow itenns at any time. Any such waiver xnay only be
<br />in writing, ln the event of such waiver, Borrower shall pay directly, when and where payable, the amaunts
<br />due for any Escrow Itams for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this 5ecurity Instrument, as the phrase "covenant and agreement"
<br />is used in 5ection 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Bprrower fails to pay the amount due for an �scrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower slaal] then be obligated under Section 9 to repay to Lender any such
<br />amvunt. Lender may revoke the waiver as to any or a11 Escrow Items at any time by a notice given in
<br />accnrdance with 5ection 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Sectipn 3.
<br />Lender rnay, at any time, collect and hold Funds in an amount (a) sufficient to perrnit Lendar to apply
<br />the Funds at the time specified under RESPA, and (b) npt to exceed the maximum ampunt a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estianr�ates of expenditures of future Escrow Item�s or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (includin� Lender, if Lender is an institutivn whose deposits are so insured) or 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 Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifyin� the Escrow Items, unless Lender pays Sorrower interest on the
<br />Funds and Applicable Law perm:its Lender tq make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any int�rest or earnings on the Funds. Barrower and Lender can agree in writing, however, that interest
<br />shall be paid an the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by ItESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall accaunt 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 RESFA, 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 de�ned under RESPA, Lender 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 with RESPA, but in no more than 12 manthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lendar,
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositians
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payrnents or
<br />ground rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assassments, if any. Ta
<br />the extent that these items are Escraw Iterns, Borrower shall pay them in the manner provided in Section 3.
<br />230981
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �G� ,
<br />�-B�NE) (oe��) Paga5 of 15 �nitie�s: J�� Fo1'm 3028 1101
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