|
2oioo9594
<br />1111056644
<br />Mortgage Insurance premiums, if any, or any sums payable by Borrower ta Lender in lieu of thc payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or
<br />at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any,
<br />be escrowed by Barrower, and such dues, fees and assessments shall be an �scrow Itcm. Borrawer shall promptly furnish to
<br />Lender all noticcs of amounts to bc paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless
<br />Lender waives Borrawer's obligation to pay the Funds for any or all �,scrow Items. Lender may waive Barrawer's obli�ation to
<br />pay to L�nder Funds for any or ail Escrow ltems at any time. Any such waiver may only be in writing. In th� evcnt of such
<br />waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
<br />Funds has be�n waivcd by Lender and, if Lcnder requires, shall furnish to I,ender receipts evidencing such payment within
<br />such time period as Lender may require. 8orrower's abligation to makc such payments and to provide receipts shall fnr all
<br />purposes be deemed ta be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and
<br />agreement" is used in Section 9. If Borrower is obligated to pay E,scrow Items directly, pursuant to a waiver, and l3orrower
<br />fails to pay the amount due for an Escraw Item, Lender may exercise its rights under Section 9 and pay such amount and
<br />Borrower shali then be obligated under Section 9 to repay to Lender any such amount, Lender may revokc the waiver as to any
<br />or all �scrow Items �t any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay
<br />to Lender all Funds, and in such amounts, that are thcn required under this Section 3.
<br />Lcnder may, at any time, collect and hald Funds in an amount (a) sufficient to permit Lender to apply the Funds at the
<br />time speci�ed under RBSPA, and (b) not to exe�ed th� maximum amount a lender can require under RESPA. Lender shall
<br />estimate thc amount of Funds due on the basis af' current data and reasonable estimates of expenditures of future �scrow Items
<br />or otherwise in accordance with Applicable Law.
<br />7'he Funds shall be held in an institution whose depasits are insured by a federal agency, instrumentality, or entity
<br />(including Lender, if I.ender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall
<br />apply the Funds to pay the Bscrow ltems no later than the time specified under RESPA. Lender shall not char�e Borrower for
<br />holding and applying the Funds, annually analyzing the escrow accaunt, or verifying the Escrow Items, unless Lender pays
<br />Borrower interest on the F'unds and Applicable Law permits Lender to make such a chargc. Unless an agreement is made in
<br />writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrow�r any interest
<br />or earnings on the �'unds. Bottow�r and Lender can agree in writin�, however, that interest shall bc paid on the Funds. I,ender
<br />shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the
<br />excess funds in accardance with RESPA. If there is a shortage of Funds held in escrow, as defined undcr RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount neccssary to make up the shortage in
<br />accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in cscrow, as detined
<br />under RESPA, Lender shall notify I3orrowcr as required by RESPA, and Borrower shall pay to Lcnder the amount necessary to
<br />make up the deticiency in accordance with RESPA, but in no more than 12 monthly paymencs.
<br />Upon paymant in fuil af all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; I,iens. Borrower shall pay all taxes, assessments, charges, �nes, and impositions attributable to the
<br />Property which can attain priority over this Security instrument, leasehold payments ar ground rents on the Property, if any,
<br />and Cammunity Associatian Dues, Fees, and Asscssments, if any. To the extent that these it�ms arc Escraw Items, Borrower
<br />shall pay thnm in the manner provided in Section 3.
<br />Barrawer shall pro►nptly discharge any lien which has priority over this Security Instrum�nt unless Borrower: (a)
<br />a�rees in writing to the payment of the obligatian secured by the lien in a manner acccptable to Lender, but only so long as
<br />Borrower is performin� such agreement; (b) contests the lien in gaod faith by, or defends against enforcemcnt af the lien in,
<br />legal proceedangs which in Lender's opinion operate to prevent the enforcement of thc licn while those proceedings are
<br />pending, but only until such proccedings are concluded; or (c) secures from the holder af the lien an agreement satisfactory to
<br />Lcnder subordinating the lien to this Security Instrument. lf Lender determines that any part of the Property is subject to a lien
<br />which can attain priority over this Sccurity Instrument, Lender may giva f3orrower a notice identifying the lien. Within 10 days
<br />of the date on which that notice is �iven, �orrower shall satisfy the lien or take one or more of the actions set farth above in
<br />this Section 4,
<br />Lender may requirc Borrower to pay a one-time chargc for a rcal estate tax verification and/or r�porting service used
<br />by Lender in connection with this Loan.
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMF,IVT
<br />�� 338.2 Page 4 of 12 Form 3028 1/UI
<br />
|