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20i009649
<br />prerniurns, if any, or any sums payable by Borrower to I.ender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisions of Sectian 10. These iterns are called "Escrow
<br />Items." At originatian or at any time during the term of the Loan, Lender may require that Cornmunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Barrower shall promptly fumish to Lender all notices of amounts to
<br />be paid under this Section. Barrower shall pay Lender the F'unds for �scrow Iterns unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to I.ender Funds for any or all Escrow Icems 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 Escrow Items for which payrnent of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender rnay require.
<br />Bonawer's abligation 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 Iterns directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender rnay exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender rnay revoke the waiver as to any or all Escrow Items at any tirne by a notice given in
<br />accordance with Section 1 S and, upon such revocatian, Barrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Saction 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) suf�cient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estirnate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Iterns or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender 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 time
<br />specified under RESPA. Lender shall not chazge Borrawer 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 permits 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, I.ender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrawer and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. i.ender 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 defined under RESPA, Lender shall account to
<br />Borrower far the excess funds in accordancc with RESPA. If there is a shortage of �'unds held in escrow,
<br />as defined under RBSPA, Lender shall notify Borrower as required by RE�PA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shartage in accordance with RE$PA, but in no more than 12
<br />manthly payments. If there is a de�ciency of Funds held in escrow, as defined under RESPA, L.ender shall
<br />notify Barrower as required by RESPA, and Borrower shall pay to �..ender the amount necessary to make
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Bprrower any Funds held by Lender.
<br />4. Charges; Liens. Borrawer shall pay all taxes, assessments, charges, fines, and impositians
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />graund rents on the Property, if any, and Community Associatian Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower sha11 pay them in the manner provided in Section 3.
<br />NEBRA$KA -$ingle Family - Fannie Mae/Fr�ddie Mpc UNIFpRM IN$TRUMENT
<br />�-B�NE) 1a8i i) Page 5 of t5 i��c�ais: Form 3028 1/01
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