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2oioos790
<br />premiums, if any, or any sums payable by Borrawer to Lender in lieu of the payment of Martgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items axe called "Escrow
<br />Ttems." At origination ar at any time during the term of the Loan, Lender may requixe that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower sha,ll promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay �.,ender the Punds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender znay waive Borrawer's
<br />obligation to pay to Lender Funds for any or all 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 amounts
<br />due far any Escrow Items for which payment of Punds has been waived by Lender and, if Lender requires,
<br />shall furnish ta L.ender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to rnake such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrurnent, as the phrase "covenant and agreement"
<br />is used in Section 9. If Barrawer is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow 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 />arnount. Lender rnay 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 amaunts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an arnount (a) sufficient 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 estimate the arnount of Funds due on the basis of currenC data and
<br />reasanable estimates of expenditures af future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose depasits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if L.ender is an. institution whose deposits aze 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 RESI'A. Lender shall nat 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 permits Lender to make such a charge. Unless an agreernent is made in writing
<br />ar Applicable Law requires interest to be paid on the Punds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower 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 />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrawer for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, I.cnder shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />I.ender the amount necessary ta make up the shortage in accordance with RESPA, but in no more Chan 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, I.,endez' shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no rnore than 12 monthly payments.
<br />Upon payment in full of all surns secured by this Security Instrurnent, I.ender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. $orrower shall pay all ta�ces, assessments, charges, 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 any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escraw Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFpRM INS7FiUMENT
<br />�-6�NE) 1o8tt1 Page 5 of i5 i��t�ais: �� �� Form 3028 9/09
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