|
2oioo9o�5
<br />premiwxas, if any, or any sums payable by Sorrower lo Lender in lieu of the rayment of Mortgage
<br />lnsurancc prcmiums in accordancc with thc rrovisions of Scction 10. These itcros arc callcd "Escrow
<br />Itcros." At origination or at any time during the term of the C.oan, Lcnder may require that Community
<br />Association Dues, Fees, and A�sessrnents, if any, be e.5crowed by Borrower, and such ducs, fees und
<br />�s�e5sments shall be an Escrow Item. Borrower shall promptly fiu'nish to Lender all notices of arnounts to
<br />he paid under lhi5 Seclion. Bnnower shall pay Lendc,�r ihe FundS fc�r F.scrow Ilemti unletiti Lender waiveti
<br />Borrowet's obligation to pay the Funds for any or all Escrow Items. Lender may waive Bottower's
<br />obligation to pay to I,endet Funds for any ot all Escrow Itetns at any time. Any such waiver inay only he
<br />in writing. Tn the event of such waiver, Borrower shall pay directly, when and where payable, ihe amounts
<br />due for any Escrow Items for which payment af Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender reccipts cvidencing such paymeni within such timc period as Lcndcr may requirc.
<br />Borrower's c�bligation to make such payments and icr providc receipts shall fot all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and a�reement"
<br />is used in Sectiou a_ If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails tn pay the amount due for an F.ticrnw Itcrn, Lender may exercise il�t righls under Suetiun 9
<br />and pay such amount and Bottower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lcnder may revoke the waiver as to any or all Escrow Iterns at any time by a notice given in
<br />accordance with Section 1S and, upon such revocation, I3ortower shall pay to Lender all P'unds, and in
<br />such amounts, that are then rcquired under this Section 3.
<br />Lendcr may, at any time, collcct and hold Funds in an amount (a) sufficient to permit Lendet to apply
<br />the Funds al the time specitied under RESPA, and (b) not to exceed the maximurn arnount a lender can
<br />require under R�SPA. Lender shall esiimate the amount of Funds due on the basis of currenl data and
<br />reasonable esiimates of expendiiutes of fiature Escrow Items or otherwisc in accordance with ApplicabJe
<br />Law.
<br />The Punds yhall be held in an institution whose de,yposits are insured by a federal ag�ncy,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits ate so insured) ot in
<br />any Pederal Home Loan Bank. Lendet Shall apply the Funds to pay the �scrow Items no later than the time
<br />specified under RF'SPA. Lendet shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the cscrow account, or vcrifying the Escrow Items, unlcss Lender pays Borrowcr int4rest on thc
<br />Funds and Applicable Law per►nit� Lender to make such a charge. Unless an agreement is rnade in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall noi be tequircd to pay $orrower
<br />any interest or earning;� on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />tihall be paid un the Funds. Lender 5hall give lo Borrowcr, withoul charge, an annu:il accounting of lhe
<br />Funds us tequired by RESPA.
<br />Tf there is a surplus of Funds held in escrow, as defined undet RE5PA, Lendet shall account to
<br />Borrower fnr the excess funds in accordance with R�SPA. If there is a shortage of P'unds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrc�wer shall pay io
<br />Lender thc arnount pecessary to make up thc shortagc in accardance with RESPA, but in no more than 12
<br />monthly payments. If thcre i5 a deficicncy of Funds hcld in escrow, as deGned undcr R�SPA, Lcnder shall
<br />notify B�rrowcr as reyuired by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />u� the deficiepcy in accordance with RESPA, hut in no more than 12 monthly payments.
<br />IJpun payment in full of all sum:� tiecured by thiti Securiiy Inhlrumenl, L,ender shall promptly refund
<br />io 13ortower any Funds held by Lendet.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, chatges, fines, and i�npositions
<br />attributable to the Propetty which can attain priority over this Sccurity Instnunent, leasehold payments or
<br />g.round rents on the I'roperty, if any, and Community Associalic�n Dues, Pees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />�Rm
<br />NEBRASKA- Single Family - FannleMae/Freddle Mac UNIFORM INSTRUMENT ��
<br />������ (0811) pege 5 of 15 Initials: ����r !/ /!��/ Form 3028 7/D7
<br />���
<br />
|