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201009358
<br />premiums, if any, or any sums 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 tirne during the term of the Loan, Lender may require that Cornrnunity
<br />Association Dues, Fees, and Assessrnents, 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 />Barrower's obligation ta pay the Funds for any or all Escrow Items. L.ender may waive Borrower's
<br />obligation 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 event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Ttems for which payment of Funds has been waived by Lender and, if L,Qnder requires,
<br />shall furnish to Lender receipts evidencing such payment within such tirne period as Lender may require.
<br />Borrower's obligation to make such payrnents and to provide receipts shall for all purposes 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 Borrower is obligated to pay Escrow Items directly, pursuant ta a waiver, and
<br />Borrower fails to pay the amount due far an Escrow Item, Lendcr 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, Borrawer shall pay to Lender a11 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 permit Lender Co apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the ma�cirnum amount a lender can
<br />require under RESPA. Lender shall estimate the arnount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Ttems or otherwise in accordance with Applicable
<br />Law.
<br />The Punds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, ar entity (including I.ender, if L.ender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank, I.ender shall apply the Funds to pay Che Escrow Items no later than the time
<br />speci�ed under RESPA. L.ender shall not charge Barrower for holding and applying the Funds, annually
<br />analyzing the escrow accpunt, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits I.,ender to rnake such a charge. Unless an agreennent is nnade in writing
<br />or Applicable Law requires interest to be paid on the Funds, L,�nder 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 requirsd by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ned under RESPA, T..ender shall account to
<br />Borrower for the excess funds in accordance with RESFA. 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 />Lender the amount necessary to nnake 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 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 monthly payments.
<br />Upon paynnent in full of all sums secured by this Security Instrument, I.,ender shall promptly refund
<br />to Barrower any Funds held by L.ender.
<br />4. Charges; Liens. Bor�rower shall pay all taxes, assessments, charges, fines, azid impositions
<br />attributable to the Froperty which can attain priority over this Secuxity Instz�wnent, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. Ta
<br />the extent that these items are Escrow Items, Borrowex shall pay them in the rnanner provided in Section 3,
<br />NEBRA5KA - Single Family - Fannie Mae/Freddie MaC UNIF�RM INSTRUMENT
<br />�-6(�11�) (0811) Page 5 of 15 Initials• � Form 3028 1/��
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