|
/l 11'1:`
<br />premiums, if any, ar any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurancc premiwms in accordance with the provisions of 3ection lQ. These items aze called "Escrow
<br />Item�." At o�igination or at any time during the term of the Loan, Lender xnay require that Cor�munity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fces and
<br />assesaments shall be aca Escrow Item. Borrower shall promptly furnish to I..ender all notices of a�naunts ta
<br />be paid undex this Section. Borrower shall pay Lender the Funds for Escrow Items unless L.ender waives
<br />Borrower's obligation to p�y the F�tnds for any or all Escrovc+ Items. Lender may waive Borrower's
<br />obligation to pay ta Lender Funda far any or all Escrow Items at any time. Any such waiver may orily be
<br />in writing. In the event of sueh waiver, Horrower shall pay direatly, when and where payable, the amounts
<br />due for any Escrow Itcnm�s far which pay�ment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidei�cing such payment within such tirne period as L.ender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be dee�ned to
<br />be a covenant and agreement contained in this Se�urity Instrument, as the phrase "covenant and agreement"
<br />is used in Se�tion 9. If Barrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Horrower fails to pay the anaount due for an Escrow Item, T.,ender may exercise its rights under Se�tion 9
<br />and pay such amount a� Borrower shall thcn be obligated under Section 9 to re�iay to Lender arry such
<br />amount. Letader tnay revoke the waiver as to any or all Escrow Items at any tims by a notice given in
<br />accordance with Sectian 15 and, upan such revocation, Borrower shall pay ta Lender �11 Funds, and in
<br />such amaunts, that are then required unde�c this Se�tian 3.
<br />Lender may, at any time, collect and hold Fuc�ds in an amount (a) suffieient to permit Lender to apply
<br />the Funds at the tim� sp0cifi� wade�r RESPA, and (b) not ta exceed the maximum anwur►t a lender can
<br />require under RESPA. I.�nder shall estimate the arnount of Funds due on the basis of cutrent data and
<br />reasonable estimat� of expendi� of futurc Escrow Items or otherwise in accordance with Applicable
<br />Law. •
<br />The Funds a�hall be held in an institution whose deposits are inauced by a federal agency,
<br />instrunnentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or irn
<br />any Federal Home Loan &�nk. Lender shall apply the Ftiu�ds to pay the F.scrow Iterns no later thaca the time
<br />speci£ied under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annualty
<br />analyzing the escrow account, or verifyi�ng the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pennits L�ender to make such a charge. Unless an agreexr�ent is m�ade in writing
<br />or Applicable Law t�equires interest to be paid an the Punds, L,ender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, hvwever, that interest
<br />shall be paid on the Funds, I,,ender shall give to Borrower, without charge, an annual accaunting of the
<br />Funds as required by RPSPA.
<br />If there is a surplus of Funds held in escrow, as de�ined under RESPA, Lender shall account to
<br />Borrower for the excess funds in acco�ance with RFSFA. lf there is a shartage pf Funds held in escrow,
<br />as de�ned under RFSPA, Lender shall notify Sorrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to mak� up the shortage in accordance with RFSPA, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow� as defined under RESPA, L�nder shall
<br />notify Borrower as require� by RESPA, and Borrower shall pay to Lender the amount necessary to �
<br />up Che deficiency in accordance with RFSPA, but in no more than 12 �ntlily payments.
<br />Upon payment in full of all sums secured by this S�curity Instrument, L.ender ahall prnmptly refund
<br />to Borrower any Funds held by L.ea'►det.
<br />4. Charges; Liens. Borrowen� shall pay all taxcs, assessments, charges, fines, and impositions
<br />attributable to the Property whi,ch can attain priority over this Security Instrument, leasehold payments or
<br />ground reats on the Pcoperty, if any, and Comrnunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that the�e items are Fsc.�row Items, Honrower shall pay them in the manner provided in, Section 3.
<br />NEBRA$KA - 5ingle Family - FarWe MaelFreddie Mac UNIFORM INSTRUMENT (�
<br />�-81NE) 1D8111 Papa 5 ot 16 � Inkiele: "' y Form 3028 1/01
<br />, � �
<br />'I� � , .. � . � ' �
<br />
|