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201oo94�G
<br />prexniums, i£ any, or any sums payable by Borrower to Lender in lieu of the payment of Mortga�e
<br />Insurance premiums in accordance with the provisions of Section 10. 'Tlaese items are called "Escrow
<br />Items." At arigination or at axay time during the term of th� Loan, Lender xnay require that Comrnunity
<br />Association Dues, Fees, and Assessrnents, if any, be escrowed by Sorrower, and such dues, fees and
<br />assessments shall be an Escrow ltenn. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower sha11 pay Lender the Funds for Escrow Items unless Lender waives
<br />Borcower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender �unds fpr 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 payahle, the amqunts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall fumish to Lender receipts evidencin� such payment within such tune period as Lender may require.
<br />Borrower' s obligation to make 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 ltems 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 Barrower shall then be obligated under Section 9 ta repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Itexns at any time by a notice given in
<br />accordance with Section 1S and, upon such revocation, Borrower shal] pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any titx�e, collect and hold Funds in an amounc (a) sufficient to permit Lender tn apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maxirnum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis pf 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 whase deposits are insured by a fedez agency,
<br />instrumentality, or entity (including Lender, if L,ender is an institution 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 tirne
<br />specified under RESPA. Lender shall not charge Borrvwer 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 petrnits 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 &�rrower
<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, withaut 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 shartage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower sha11 pay to
<br />Lender the amount necessary to make up the shvrtage 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 de�ned ixnder 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 payrnents.
<br />Upon payment in full of all sums secured by this 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 Property which can attain priority over this Security Instrument, leasehpld payments or
<br />ground z'ents an the Property, if any, and Cornmunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Iterns, Borrower shall pay them in the manner provided in Section 3.
<br />230999
<br />NEBRASKA - 5ingle Family - Fannie M ae/Freddie M ac UNIFORM INSTRUM �NT
<br />�-6(NE) �oe��� Page 5 of 15 ini�iais: � Form 3028 1/p1
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