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<br />premiums, if any, or any surns payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fces, 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 amaunts to
<br />be paid under this Section. Borrawer shall pay l,ender the Funds for Escrow Items unless �.ender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. L,Qnder may waive Borrower's
<br />obligation to pay to L.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 Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time periad as Lender rnay require.
<br />Borrower's obligation to rnake such payments and to provide receipts shall for all purpases be deemed to
<br />be a covenant and agreement contained in this Security Instrurnent, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrowcr 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 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 />arnount. L,�nder rnay xevoke the waiver as ta any or a11 Escrow Items at any tirne by a notice given in
<br />accordance with Section 15 and, upon such revacation, Borrower shall pay to Lender all Funds, and in
<br />such arnounts, that are then required under this Section 3.
<br />I.ender may, at any time, collect and hold Funds 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 ma�cim.um amount a lender can
<br />require under RESPA. L.ender sha11 estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Itenns 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, ar entity (including Lender, if Lender is an institution whose deposits are sa insured) or in
<br />any Federal Home Loan Bank. L.ender shall apply the Funds to pay the Escrow Items no later than the time
<br />speci�ed under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing Che escrow account, ar verifying the Escrow Ttems, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits L.ender ta malce 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 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, I.ender shall account to
<br />�orrower �or the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, L.ender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />I.ender the amount necessary to make up the shartage in accordance with RESFA, but in no more than 12
<br />monthly payments. If there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 rnonthly payments.
<br />Upon payxnent in full of all sums secured by this Security Instrument, J.,ender sha11 promptly refund
<br />to Borrower any Funds held by L.ender.
<br />4. Charges; Lieans. Borrower sha11 pay all taxes, assessrnents, charges, �nes, and impasitions
<br />attributable to the Praperty which can attain priority over this Security Insttutnent, 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 items are Escrow Items, Borrower shall pay thern in the tnanner pravided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-B�NE) (0811) Paee 5 ot 15 Initiats: Form 3028 1/01
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