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201009793
<br />premiurns, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accardance with the provisions of Section 10. These items are called "Escrow
<br />Items. " At originatian or at any time during the term of the Laan, Lender may require that Cornrnunity
<br />Associatian Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless L,ender waives
<br />Borrower's obligatian to pay the Funds for any or all �scrow Iterns. Lender may waive Barrower's
<br />obligation to pay ta Lender Funds for any ar all Escrow Items at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Barrower shall pay directly, when and where payable, the arnounts
<br />due for any Escrow Itezns for which payment of Punds has been waived by L.ender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation ta make such payments and to provide receipts shall for all purposes be deerned 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 Borrawer 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 />amount. Lender may revoke the waiver as to any or a11 Escraw 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 arnounts, that are then required under this Section 3.
<br />Lender rnay, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the tirne specified under RESPA, and (b) not to exceed the ma7cirnurn amount a lender can
<br />require under RESPA. Lender shall estimate the amaunt of �unds due on the basis of current data and
<br />reasonable estimates af expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institutian whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including I.ender, 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 �scraw Items no later than the tirne
<br />specified under RESPA. Lender shall not charge Borrower fox 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 ta 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. Borrower and L.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Barrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escraw, as de�ned under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as de�ned under RESPA, Lendex shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payrnents. If there is a deficiency of Funds held in escrow, as defined under R�SPA, i.ender sha11
<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 more than 12 monthly payments.
<br />Upon payment in fixll of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Barrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority ove;r this SecuriCy Instrumsnt, leasehold payments or
<br />ground rents on the Property, if any, and Community AssociaCion Dues, Fees, and Assessments, if any. To
<br />the extent that these iterns are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-6�NE) loai i1 Page 5 of 15 �n�t�a�a: Form 3028 1/01
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