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201009789
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accvrdance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, L.ender may require that Community
<br />Assaciation Dues, �'ees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escraw Item. Borrower shall promptly furnish to l.ender all notices of amounts to
<br />be paid under this Section. Borrower shall pay l.ender the Funds �or Escrow Items unless Lender waives
<br />Borrower's abligation to pay the Funds far any or all Escrow Itemis. L.ender may waive Borrower's
<br />obligation ta pay to Lender Funds for any or all Escrow Iterns at any tirne. Any such waiver rnay 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 payment of Funds has been waived by Lender and, if I.ender requires,
<br />shall fumish to Lender receipts evidencing such payment within such time period as L.ender may require.
<br />Bonower's obligation to make such payments and to provide receipts shall for all purposes be de.emed to
<br />be a covenant and agreement contained in this Security Instnunent, as th� phrase "covenant and agreement"
<br />is used in Section 9. If $orrower is obligated to pay Escrow Ttems directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, L.ender rnay exercise its rights under Sectior� 9
<br />and pay such amount and Borrower sha11 then be obligated under Section 9 to repay to L.ender 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 I..ender all Funds, arid in
<br />such arnounts, tlaat are then required under this Section 3.
<br />Lender rnay, at any tirne, collect and hold Funds in an amaunt (a) sufficient to pernut I.ender 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 sha11 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 />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Horne Loan Bank. J..ender shall apply the Funds to pay the Escrow Iterns no later than the tirne
<br />speci�ed under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless I.ender pays Borrower interest on the
<br />Funds and Applicable Law pernuts 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, L,ender shall not be r�quired to pay Borrower
<br />any interest or earnings on the Punds. $orrower and I.ender can agree in writing, however, that interest
<br />shall be paid on the �'unds. L.ender shall give to Borrower, without charge, an annual accounting of the
<br />�'unds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defrned under RESPA, L,ender shall accaunt to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in esca+ow,
<br />as de�ned under RESPA, L,ender shall notify Borcower as required by RESPA, and Barrower s�a11 pay ta
<br />Lender the arnount necessary to rnake up the shortage in accordance with RESPA, but in no more thaa 12
<br />nnonthly payrnents. If there is a defciency of Funds held in escrow, as de�ned under RESPA, i.cndcr shall
<br />notify Borrower as required by RESPA, and Borrower sha11 pay to L.ender the amount necessary to ma�Ce
<br />up the de�ciency in accordance with RESPA, but in no rnore than 12 manthly payments.
<br />Upon payment in full of all surns secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; 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 ar
<br />ground rents on the Pmperty, if any, and Cornmunity Association Dues, �'ees, 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 />N�BRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMEN7
<br />�-fi1ME) �oai i � Page 5 of 15 i��t�sig: Form 3028 1l01
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