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201009647
<br />prerniums, if any, or any surns payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These iterns are ca�led "�scrow
<br />Items. " At origination or at any tirne during the term of the Loan, Lender rnay require that Cornrnunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. $orrower shall promptly furnish ta Lender a11 notices of amounts to
<br />be paid under this Section. Barrower shall pay Lender the �'unds for Fscrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Itezns. Lender may waive Borrawer's
<br />obligation to 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 Escraw Items for which payment 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 mak� such payments and to provide receipts shall for a11 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 obligate� ta 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 Sec.tion 9
<br />and pay such axnounC and Borrower shall then be obligated under Section 9 to repay to Lei�der any such
<br />amount. Lender may revoke the waiver as to any or a11 Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower sha11 pay to Lender all Fands, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Punds in an amount (a) suf�icient to pernut Lender to apply
<br />the Furzds at the time specified under RESPA, and (b) not to excced the rnanirnurn arnount a lender r.an
<br />require under RESPA. Lender shall estimate the arnount of Funds due on the basis of current data and
<br />reasonable estirnates of expenditures of future Escrow Items ar otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits aze insurerl by a federal agency,
<br />instrumentality, or entity (including L.ender, if Lender is an institutian whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the �'unds ta pay the Escraw Items na later than the time
<br />speci�e� under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<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 agreernent is rnade in writing
<br />or Applicable Law requires interest to be paid an the Funds, Lender shall nat be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and I.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. I.ender sha11 give to Borrawer, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of �'unds held in escrow, as de�ned und�r RESPA, Lender shall accoant to
<br />Borrower for the excess funds in accordance with R�S�A. If there is a shortage of Funds held in �w,
<br />as de�ned under RESPA, L.ender shall notify Borrower as required by RESPA, and Borrower sha11 �ay W
<br />l.ender the amount necessary to make up the shortage in accordance with RFSPA, but in no more than �2
<br />mantl�ly payxnents. If there is a de�ciency of Fwnds held in escrow, as de�ned under R�SPA, Lre��dear sha]1
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary ta x�nake
<br />up the deficiency in accordanc� with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, L.ender sha11 promptly refund
<br />to $onawer any Funds held by I.ender.
<br />4. Charges; Liens. Barrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable ta the Froperty which can attain priarity over this Security Instrument, leasehold payments or
<br />graund rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these iCems are Escraw Items, Borrower shall pay them in the maiuier provided in Sectian 3.
<br />NEBRA$KA -$inyle Family - Fannie Mae/Freddie Mac UMIFORM INSTRUMEN7 n
<br />�-B(NE� �ps� i) Page 5 of 15 inicia�s: M T Form 3028 7/09
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