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201009198
<br />premiunns, if any, or any sums payable by Barrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the pravisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any tim.e during the term af the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Barrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to I.ender a11 natices af amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Esc:row Items unless Lender waives
<br />Borrawer's abligation to pay the Funds for any or all Escrow Iterns. Lender may waive Borrawer's
<br />obligation to pay to I.ender Funds for any or all Escrow Items at any tirne. 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 Iterns for which payment of Funds has been waived by Lender and, if I.ender requires,
<br />shall furnish to I,ender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "cavenant and agreernent"
<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, L.ender may exercise its rights under Sectian 9
<br />and pay such arnount 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 natice given in
<br />accordance with Section I S and, upon such xevocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender rnay, at any time, collect and hold Punds in an amount (a) sufficient ta permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESI'A. Lender shall estimate the arnount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Tscrow Item,s or otherwise 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 time
<br />specified under RESPA. Lender shall not chazge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless L.ender pays Borrower interest on the
<br />Funds and Applicable Law 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, L,Qnder shall not be required ta pay Barrower
<br />any interest or earnings an the �unds. Borrower and I.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ned under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there 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 />I.,ender the aznount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a de�ciency of Funds held in escraw, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to rnake
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and irnpositions
<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 Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these iterns are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INS7RUBAENT
<br />�-B�NE) loat t1 Page 5 of 15 inic�ais:� Form 3028 1/09
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