|
;�O1f1Q9716
<br />premiunis, if any, or any� sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiun:�s in accordance with the provisions of Section 10. These itexns are called "Escrow
<br />Items," At origination or at any time durin� the term of the Laan, Lender may require that Coxnmunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessment� shall be an Escrow Item. Borrower shall promptly furnitih to Lender all nntices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items 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 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 �scrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to �ender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payznents and to provide receipts shall for al] 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 Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an �scrow Item, Lender may 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 may revoke the waiver as to 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 may, at any tixne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the �unds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of 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 insured by a federal agency,
<br />instnimentality, or entity (including Lender, if L�nder is an instiiution whose deposits are so insured) or in
<br />any Federal Home Lpan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall not charge �orr�wer for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest pn 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, Lender shall not be required to pay Sorrower
<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. Lender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />lf there is a sur}alus of Funds held in escrpw, as defined under RESPA, Lender shall account to
<br />Borrower foar the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shprtage in accordance with RESPA, but in no more than 12
<br />monthly payments. Jf there is a deficiency of Funds held in escrow, as defined under RESPA, Lender sha11
<br />notify Borrower as required by R�SPA, and Borrower slaall pay to Lender the amount necessary to ra�alce
<br />up the deficiency in accordance with RESFA, but in no mare than 12 monthly payments.
<br />Upon payment in full of all surns secured by this Security Instrument, Lender shall promptly refund
<br />ta Borrower any Funds held by Lender.
<br />4. Charges; Liens. Bonrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instruxz��nt, leasehold payments or
<br />ground rents on the Property, if any, 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 xnanner provided in Section 3.
<br />231001
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT �.
<br />�•6(NE) (Oet1) Page5oi15 mitials: �,� /✓� Fprm 3028 1/01
<br />� ~��
<br />
|