|
�� R�-R�ca�D��
<br />201009353 20100517i
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiwns 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, Fees, and Assessments, if any, be escrowed by Barrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly fumish to Lender all notices of announts to
<br />be paid under this Section. Borrower shall pay Lender Che Funds for Fscrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender rnay waive Borrower's
<br />obligation ta 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 Iterns for which paymenC of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to I.ender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to rnake 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 "covenant and agreement"
<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 Itern, 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 I.ender 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 Section 3.
<br />Lender may, at az�y time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the rnaximurn amount a lender can
<br />require 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 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 Laan Bank. L.ender shall apply the Funds to pay the Escrow Items no later than che time
<br />speci�ed under RBSPA. Lender sha11 not chazge 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 />Funds and Applicable Law permits I.ender to make such a charge. Unless an agreeznent 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. Banower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. I,�nder shall give ta Barrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escraw, as defined 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, T.ender shall notify Barrawer as required by RESPA, and Borrower shall pay to
<br />L.ender the amount necessary to make up the shortage in accordance with RFS�A, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, 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 rhan 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall prornptly refund
<br />to Borrower any Funds held by L,ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and irnpositions
<br />attributable to the Property which can attain priority aver this Security Instrurnent, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessrnents, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay thern in the manner provided in Section 3.
<br />N�BRASKA -$ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM@NT
<br />�-61NE) �osi i� Page 5 of 15 in�cisis: Form 3028 1/01
<br />�
<br />�. i y �{, ,
<br />
|