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201Q09i43
<br />premiums, if any, or any sums payable by Borrower to T.ender in lieu of the payment of Mortgage
<br />Tnsurance premiums in accc�rdance with the provisions of Section 10. These items arc called "Escrow
<br />Tlems." At originatian c�r at any timc during the term of the Loan, T.ender may require lhat Community
<br />Assaciatian Ducs, Pees, and Assessm�nts, if any, be; escrc�wed by Borrawer, and suck► du�s, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish ta L.ender all notices of amounts ta
<br />be paid under this Section. 13orrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Punds for any or all Escrow Items. Lender may waive $orrower's
<br />obligation to pay to I.ender Funds for any or all �;scrow 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 Punds has been waived by Lender and, if I,ender requires,
<br />shall furnish to I,ender recci�ts evidencing such payment within such tinle period as Lender may require.
<br />Bnrrower"s obligation tU nnak� such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agr�em�nt ccantained in this Security Instrument, as the phrase "covenant and agreement"
<br />is ixs�d in Se�tian 9. If Borrower is abligated ta pay �scrow Items directly, pursuant to a waiver, and
<br />Barrow�r fails t� pay ths amounC due far an �scrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be abligated under Section 9 to repay to I.ender any such
<br />arnaunt. Lend�r may revoke the waiver as to any or all F,scrow Ttems at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrowcr shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this S�ctian 3.
<br />Lender rnay, at any time, c�lle�t and hold I'unds in an amount (a) suf�cient to permit Lender to apply
<br />the Funds at Ghe iime specified under RFSPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. I.,e:nder shall estimate the amount of Funds due on the basis of current data and
<br />reasanable estimates of expenditures of futur� Esc;r�w Items or otherwise in accordance with Applicable
<br />Law.
<br />"I`he �unds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if I.ender is an institution whose deposits are so insursd) ar in
<br />any Federal Home Loan Bank. Lender shall apply the Punds to pay the �scrow Items no later than the time
<br />specified under RESPA. Lender shall nat char�e Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow It�ms, ur�ess L,e�nder pays B�rrower interest on the
<br />Funds and Applicable Law permits T.ender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, L.snder shall nat be rwquired to pay Borrower
<br />any interest or earnings on the Punds. Borrower and L.ender can agree in writing, hawever, that interest
<br />shall be paid on the �unds. l,ender shall give to Borrower, without charge, an annual acconnting of the
<br />runds as required by RI;SPA.
<br />If th�r� is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Bartower for the excess funds in accordance with RESPA. Tf there is a shortage of Funds held in escrow,
<br />as defined under R$SPA, Lender shall nUtify Bprrawer as required by R�SPA, and I3orrower shall pay to
<br />Lender tlxe am�unl necessary tp make np the shortage in accordance with RESPA, but in no rnor� than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, L,ender shall
<br />notify Borrow�r as requir�d by RFSPA, and Borrower shall pay to Lender the arnount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 manthly payments.
<br />Upon paymcnt in full af all sums secured by this Security Instrument, L.ender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. 13orrower shall pay all taxcs, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority aver lhis Security Tnstrument, leasehold payments or
<br />grc�und rents on the Property, if any, and Community Associatian Du�s, Fc�s, and Assessments, if any. '1'0
<br />the �xlent thai ihese items are F,scrow Ttems, Borrower shall pay them in th� rnann�r provided in Section 3.
<br />NEBRA5KA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMEN7
<br />�-6�NE) loa7 i1 Page 5 pt 15 inieimia: � Form 3028 9I01
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