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201a09595
<br />1111056861
<br />or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d)
<br />Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mort�age
<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 Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to
<br />Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless
<br />Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to
<br />pay to Lender Funds for any or al] �scraw ltcros at any time. Any such waiver may only be in writing. In the event of such
<br />waiver, Borrower shall pay directly, when and whera payable, the amounts due for any Escrow ltems for which payment of
<br />Funds has been waived by Lender and, if Lender requires, shall furnish to Lcnder reccipts evidencing such payment within
<br />such time period as I,ender may requirc. Borrower's obligation ta maka such payments and to provide receipts shall for all
<br />purposes be deemcd to be a covenant and a�;reement contained in this 5ecurity Instrument, as the phras� "covenant and
<br />agreement" is used in Section 9. lf f3orrower is obligated to pay Escrow Items directly, pursuant ta a waiver, and Borrawer
<br />fails to pay th� amnunt due for an Escrow Item, Lender may exercise its rights undcr Section 9 and pay such amount and
<br />Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any
<br />or all Lscrow Itams at any time by a notice given in accordance with Section 15 and, upon such revocation, Barrower shall pay
<br />to I.ender all Funds, and in such amounts, that are than required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the
<br />time specitied under RESPA, and (b) not to exceed the maximum amount a lender can require under RESAA, Lender sha11
<br />estimatc thc amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items
<br />or otherwise in accordance with Applicablc Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lendcr is an institution whose deposits are so insured) or in any Federal Home Loan Bank, Lender shall
<br />apply the Funds to pay the Escrow Items no later than the timc specified undcr RESPA. Lender shall not charge Bot'rower far
<br />halding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
<br />Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an a�reement is made in
<br />writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be reyuired to pay Bonower any interesi
<br />or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender
<br />shall give to f3nrrower, without charge, an annual accounting of the Funds as required by RESPA.
<br />if there is a surplus of Funds hcld in escrow, as defined under RESPA, Lender shall account to Borrower for the
<br />excess funds in accordance with RESPA. It there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall
<br />notiFy T3orrower as required by RESPA, and Borrower shall pay to Lcnd�r the amount necessary to make up the shortage in
<br />accordance with RESAA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as de�ned
<br />under RE5PA, Lender shall notifiy Borrower as required by R�SPA, and Borrower shall pay to Lender the amount necessary to
<br />make up the deticiency in accordance with RESP�, but in no more than 12 monihly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; I,iens. Barrower shall pay all tax�s, asscssments, charges, fines, and impositions attributable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any,
<br />and Community Associatian Dues, Fees, and Asscssmcnts, if any. To the extent that these items are Escrow Items, Aorrower
<br />shall pay them in thc manner provided in Section 3,
<br />Borrower shall promptly discharge any lien which has priarity over this Security Instrument unless Bonower: (a)
<br />agrees in writing to the payment of lhe obligation secured by the lien in a manner acceptable to Lendcr, but only so long as
<br />Borrower is performing such a�reement; (b) contests thc lien in good faith by, or defends against enforcement of the lien in,
<br />legal proc�edings which in Lender's opinian operate ta prevent the enforcement of thc lien while those prac�edings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holdar oFthe lien an agreement satisfactory to
<br />Lender subordinating the lien to this Security Instrument. If Lender determincs that any part of the Property is subject to a lien
<br />which can attain priority ovcr this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days
<br />of the date on which that natice is given, Borrower shall satisfy the lien or take one or mora of the actions set forth above in
<br />this Section 4.
<br />Lender may require Borrower to pay a one-tirne charge for a real estate tax verification and/or reporting service used
<br />NEBI2ASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />� 33R.2 Page 4 of 12 Form 3028 1/Ol
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