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201a4924�
<br />premiums, if any, or any suxns payable by Bozrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section ] 0. These iterns are called "Escrpw
<br />Items." At origination or at any time during the term of the I.oan, i,ender rnay require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrawer, and such dues, fees and
<br />assessments shall be an Escrow Itern. Borrower shall proznptly furnish tn Lender all notices of amounts tp
<br />be paid under this Section, Borrower shall pay Lender the Funds far Escrow Items unless Lender waives
<br />Borrower' s obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrow�r' s
<br />abligatipn to pay to Lender Funda for any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. Ian the event nf such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Ite�tns fnr which payment af Funds has been waived by Lender and, if Lender requires,
<br />shall fuxnish to Lender receipts evidencin� such payment within such time period as Lender may require.
<br />Borrower' s obligation to make such payments and to provide receipts sha11 for al] purposes be deamed to
<br />be a covenant and a�reement contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. rf 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 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 time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this 5ectian 3.
<br />Lender may, at any time, collect and hold Funds in an amounC (a) sufficient to 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 RESPA. Lender shall estirnate the arnqunt of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow ltems or atherwise in accordance with Applicable
<br />Lavv.
<br />The Funds shall be held in an institutivn whose deposits are insured by a federal a�ency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Baz�k. Lender shall apply the Funds to pay the Escrow Iteams no later than the time
<br />specified under RESPA. Lender shall 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 />Punds 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, 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 />Tf there is a surplus af Funds held in escrow, as defined under RESPA, I.ender sha11 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 Bo� as required by R�SPA, and Borrower shall pay to
<br />I,ender the arnount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payr�aents. ]f there is a deficiency of Funds held in escrow, as defined under R�SPA, I.ender 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 monthly paynnents.
<br />Upon payment in full of all sums secured by tlus 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 impositions
<br />attributable to the Properly 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 items are Escrow Items, Borrower shall pay them in the manner provided in 5ection 3.
<br />230994
<br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie M ac UNIF�RM INSTRUM ENT
<br />�-s(NE) (0811) Page5 of 15 Initials: F01'm 302$ 1101
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