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20100938i
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiwns in acr�ordance with the provisions of Section 10. These items are called "Escrow
<br />Items. " At originatian or at any time during the term of the Loan, Lender rnay require that Comrnunity
<br />Association Dues, Fees, and Assessments, if any, be escrowe�l by Barrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Barrower shall promptly furnish to Lender all notices of arnounts to
<br />be paid under this Section. Borrower sha11 pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay th� Funds for any or all Escrow Items. Lender may waive Borrower's
<br />abligation to pay to T.ender Funds for any or a11 Escrow Ttems at any tirr�. 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 Fwnds has been waived by I,ender and, if I.ender requires,
<br />shall furnish to I.ender receipts evidencing such payrnent within such tirne period as Lender rnay require.
<br />Borrower's obligatian to make such payrnents and to provide rer,eipts shall for all purposes be deerned to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agrcemet�t"
<br />is used in Sectian 9. lf Bonower 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 rnay exercise its rights under Se�tiorx 9
<br />ar�d pay such amouunt and Borrower shall then be abligated under Sectian 9 to r�pay to Lender a�y s�udi
<br />amount. L.ender may revoke the waiver as to any or a11 Escmw Items at any tirne by a notice given in
<br />accordance with Se�tion 15 and, upon such revocation, Borrower shall pay to �nder all Punds, a�d in
<br />such arnounts, that are then required under this Section 3.
<br />r,ender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Fwnds at the time specified under RESPA, and (b) not to exceed the m�irnum amount a lender can
<br />require under RESPA. I.ender shall estimate the amount of Funds due on the basis af current data and
<br />reasonable estimates of expenditures of future Escrow Items or atherwise in accardance with Applicable
<br />�.aw.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrutanentality, ox entity (including Lender, if Lender is an institutian 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 charge Borrower for holding and applying the Funds, aaru�ually
<br />analyzing the escrow account, or verifying the Escrow Iterns, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pernuts Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Punds, I.ender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and I.ender can agree in writing, however, thac 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 accovnt to
<br />Botx'ower for the excess funds in accordance with RFSPA. If there is a shortage of Punds held in escmw,
<br />as defined under RESPA, Lender shall notify Borrower as required by R�SPA, and Barrower shali pay to
<br />Lender the amount necessary to make up the shortage in ar,cordance with R�SPA, but in no more t� i2
<br />monthly payments. If there is a deficiency of Funds held in escrow, as de�ned under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to nnake
<br />up the deficiency in accordance with RESPA, but in no more than 12 xnonthly paynnents.
<br />Upan payment in full of all surns secured by this Security Instrurnent, Lender shall pronnpCly refund
<br />to Borrower any Funds held by I..ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and iznpositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments ar
<br />ground rents on the Property, if any, and Comununity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Itezns, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Singie Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) 1o8t tl page 5 of 15 i�ivai Form 3028 1l01
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