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2010�9824
<br />premiums, if any, or any sums payable by Borr�wer to Lender in lieu of the payment af Mortgage
<br />Insurancc premiums in accordance with the pmvisians af Section 10. lfiese items arc call�d "Escrow
<br />Items." At origination or at any time during lhe term of the Loan, L.ender may requir� that Comrnunity
<br />Associati�n Dues, Fees, and Assessmcnts, it' any, be escrowed by Borrower, and such duc:s, �CCti ATl(�
<br />ass�asments shall be an Escrow Itcm. Barr�7wer shall prornptly furnish to L.ender all notiG�s «f amaunts ta
<br />bc paid under this Section. T3orrower shall pay L.ender the Funds for Escrow Ttems uzilcss I�endcr waives
<br />Bp�rrpwer's obligation to pay the I'unds for any or all Escrow Items. T.endcr may waive Bc�rrc�wer's
<br />pbligation to pay to L.ender Funds fc�r any ar all Escrow Itenis at any tiine. Any such waivr.r may r�nly be
<br />in writing. In the event of such waivcr, F3arrower shall pay directly, when and where payablc, khc amaunts
<br />due for any Escrow ltems for which payment of Funds has been waived by T.ender and, iP I,ender requires,
<br />shall furnish to T.ender receipts evidencing such payment within such time period as Lender may require.
<br />Sorrower's obli�atic�n to make such payments and to providc receipka shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrumenl, as the phrase "covenant and agreement"
<br />is used in Sectian 9. If Borrower is obligated to pay rscaraw Items directly, pursuant to a waiver, and
<br />I3arrc�wer fails to pay the amount due for an rscraw Itc:m, Lender rnay exercise its rights under Section 9
<br />and pay such amount and Borrower shall thcn bc t�bligat�d under Section 9 to repay to T.ender any such
<br />amc�unt. Lender rnay revoke the waiver as to any c�r all F;scrUw Items at any tinie by a notice given in
<br />accordance with Section 15 and, upon such revacatic�n, F3r�rrower shall pay to Lender all Funds, and in
<br />such arnounts, that are then required under lhis Sectian 3.
<br />I�ender rnay, at any time, collect and hold Punds in an amount (a) sufficient to permit Lender to apply
<br />thG Funds at the time specified under RFSPA, and (b) nat ta exceed the maximum amount a lender can
<br />require under RESPA. T.ender shall cstimatc lhe amaunt c�f Funds due on the basis of current data and
<br />reasonable estiinates of expcnditures c�f fulurt; EsGraw Items or otherwise in accordance with Applicable
<br />Law.
<br />17ie �unds shall bc h�:ld in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if L.ender is an institution whose deposits are so insured) or in
<br />any Federal Home T,c�an Bank. Lender shall apply the Funds to pay the Escrow Ttems no latcr than the time
<br />specified under RESPA. Lender shall nat charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow accaunt, or verifying the Escrow Items, unless Lender pays Borrower interest on lhe
<br />Funds and Applicablc I..aw perrnits Lender to make such a charge. Unless an agreement is madc in writing
<br />or Applicable T.aw rcquires interest to be paid on the Funds, L.ender shall not be required tc� pay 13c�rrowcr
<br />any interest or carnings on the Funds. Borrower and Lender can agree in writing, howev�r, kha[ interest
<br />shall be paid on lhe Funds. Lender shall give to Borrower, without charge, an annual accc�unlin� c�f lhe
<br />Funds as rcquired hy RESPA.
<br />Tf ihcrc is a surplus of Funds held in escrow, as defined under RI�SPA, I,end�r �hall dccpunt to
<br />Borrower for the excess funds in accordance with R�SPA. Tf there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify ]3orrower as required by R�SPA, and 13orrawe.r shall pay ta
<br />Lender the aznaunt necessary to make up the shortage in accordance with RESPA, but in no m�re than 12
<br />monlhly payments. If there is a deficiency of �unds held in escrow, as defined undcr R�SPA, I,cndcr shall
<br />nc�kify Borrower as required by RESPA, and Borrower shall pay to T.ender the amount ncccssary fc� make
<br />up the deficiency in accordance with R�SI'A, but in no more than 12 monthly paymcnts.
<br />Upon payrnent in full of all sums secured by this Security Tnstrument, I,endcr shall promptly refund
<br />to Borrower any Funds held by T.ender.
<br />4. Charges; Liens. Bc�rrc�wer shall pay all tax�:s, assr.ssments, charges, fines, and irnpositions
<br />attributable to lhe Praperty which can attain priarity aver this Security Instrument, leasehold payments or
<br />ground rents c�n lhc Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the exlent that lh�se iterns are Es�row Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannie Mge/Freddia Mac UNIFQRM IN3TRUMENT
<br />�-BIN�) �oei �� Page 6 of 16 i��c� ! Form 3028 1/01
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