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201009155
<br />premiums, if any, or any sums payable by Borrower to �,ender in lieu of the payment of Mortgage
<br />lnsurance premiuma in accardance with the provisions of Section 10. These items are called "�scrow
<br />Items." At originatipn or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Bonrower' s obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower' s
<br />pbligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. In the svent of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of �unds has heen 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 ta make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreernent contained in this 5ecurity Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If &�rrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the ampunt due for an Escrow Item, Lender may exercise its 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 tirne by a notice given in
<br />accordance with Section 1S and, upon such revocation, Borrower shall pay to Lendar all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to perrnit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum axnount a lender can
<br />raquire under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or atherwise 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 (including Lender, if Lender is an institution 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 tune
<br />specified under R�SPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzuag the escrow accaunt, or verifying the Escrow Items, unless Lender pays Bprrower interest on the
<br />Funds and Applicable I,aw permits Lender to 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 interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Bazrower, without charge, an annual accaunting af the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower far the excess funds in accordance with RESPA. If thara is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the ampunt necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />znonthly payrnents. If there is a de�ciency of Punds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the arnount necessary to make
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payrnents.
<br />Upon payrx►ent in full pf all sums secured by this Security Instrument, I,ender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Barrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Sarrower shall pay them in the manner provided in Section 3.
<br />230992
<br />N�BRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INS7RUM ENT � �
<br />�-B�NE) �oeti� Page5 of 15 Initials: J Form 3028 11D1
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