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20100970G
<br />prerniums, if any, or any sums payable by Bonower to Lender in lieu of the payment of Mortgage
<br />Insurance premiurns in accordance with the provisions of Sectian 10. These iterns are called "Escrow
<br />Iterns. " At origination ar at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowe� by Borrawer, and such dues, fees and
<br />assessments shall be an Escrow Itern. Borrower shall promptly furnish to L.ender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Punds for Escrow Items ur►less I.ender waives
<br />Borrower's abligation to pay the Funds far any or all Escrow Iterns. Lender may waive Borrower's
<br />obligation ta pay to Lender Funds for any or a11 Escrow Items at any tirne. Any such waiver may only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the arnounts
<br />due for any Fscrow Items for which payment 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 L.ender may require.
<br />Borrower's obligation to make such payments and to provide receipts sha11 for all purposes be deemed to
<br />be a covenant and agrcement cantained in this Security Instrurnent, as the phrase "covenant and agreetrbent"
<br />is used in Section 9. Tf Borrower is obligated to pay Escrow Items directly, pursuant ta a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Xtem, Lender may eaercise its rights under S�rtion 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender ariy such
<br />amount. Lender may revoke the waiver as ta any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender rnay, at any time, collect and hold Funds in an amount (a) sufficient to pernut Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to excced the mlximum amount a lencler can
<br />require under RESPA. Lender shall estimate the amount af Funds due on the basis of 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 whose deposits are insuared by a federal agency,
<br />instrurnentality, or entity (including Lender, if L.cnder is an institution whose deposits are so insured) or in
<br />any Federal Hotne Loan Bank. L.ender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. J.ender shall not charge Borrower for halding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, wnless I..ender pays Borrower interest on the
<br />�'unds and Applicable Law perrz�its 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 Borrorver
<br />any interest or earnings on the Funds. Borrower azid I..ender can agree in writing, however, that irnerest
<br />shall be paid on the Funds. Lender sha11 give to Sorrower, without charge, an annual accounting uf the
<br />Funds as required by RESPA.
<br />If there is a surplus af Funds held in escrow, as defined under RESPA, L.ender shall account to
<br />Borrower fox the excess funds in accordance with RESPA. If there is a shortage of Funds held in esrrow,
<br />as defined under RESPA, L,ender shall notify Borrower as required by RESPA, and Borrower shail pay tn
<br />I.ender the amount necessary to make up the shortage in accordance with RFSPA, but in no mone t�n 12
<br />monthly paytnents. If there is a deficiency of Funds held in escrow, as de�ned under RESPA, I� st�all
<br />notify Borrower as required by R�SPA, and Borrower shall pay to Lender the amount necessary to ma�ce
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payrnent in full of all sums secured by this Security Instrument, I.ender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Ch�rges; Liens. Borrower shall pay all taxes, assessments, chazges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if aany, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-s�N�) (0871) Page 5 of 15 Initials:
<br />Form 3028 1/01
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