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241009i4�
<br />premiurns, if any, or any sums payable by Borrower to Lender in lieu of the paymenc of Mortgage
<br />Tnsurance premiums in accardance with the pravisions pf Sectian 10. These items are called "Escrow
<br />Ttems." At origination ar at any time during the term of the Loan, Lender may require that Comrnunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrawer, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower sha11 promptly furnish to I,ender all notices of amounts to
<br />be paid under this Section. Borrower shall pay I.ender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. I,ender may waive Banawer's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waaver may only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the aznouncs
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payrnent within such time period as Lender rnay require.
<br />Borrower's obligation to make such payments and to pmvide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in chis Security Instrument, as the phrase "cavenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender may exercise ics rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance 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 Section 3.
<br />Lender may, at any tune, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the �unds at the time specified under RESPA, and (b) not to exceed the maximum arnount a lender can
<br />require undcr RESPA. L,ender shall estimate the amaunt of Funds due on the basis of current data and
<br />reasonable estimates of expendituares of future Escrow ICems or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits aze insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institutian whose deposits are so insured) or in
<br />any F'ederal Home Loan Bank. I.ender shall apply the Funds to pay the Escrow Iterns no later than the time
<br />speci�ed under RESPA. Lender sha11 not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to make such a chazge. Unless an agreement is nnade in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or eamings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid an the Funds. I.ender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Pwnds held in escrow, as de�ned under RBSPA, Lender shall account to
<br />Bonrower for the excess funds in accordance with RESPA. If thcre is a shortage of Funds held in escrow,
<br />as de�ined under RESPA, Lender shall notify Borrower as required by RESJ?A, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance wiCh RESPA, but in no more than 12
<br />monthly payments. If there is a de�ciency of Funds held in escrow, as defined under RESPA, I,ender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to malce
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payruents.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Punds held by T.ender.
<br />a. Charges; Liens. Borrower shall pay all ta�ces, assessments, charges, fines, and impositions
<br />attributable to the Property whiah can attain priority over this Security Tnstrurnsnt, leasehold payments or
<br />ground rents on the Praperty, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that chese items are �scrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ��
<br />�-6�NE) �oai i� Page 6 pf 16 in�eiais: � Form 3028 7/01
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