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201Q09828
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiurns in accc�rdance with the provisions of 5e�tion lp. These items are called "Escrow
<br />Items." At vrigination or at any time duri�ng the tenn of the L,oan, Lender rnay require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrawed by Borrower, and such dues, fees and
<br />assessments shall be an �scraw Item. 8arrower shall promptly furnish to Lender all notices of amaunts to
<br />be paid under this Section. Borrower shall pay I..ender the Funds for Esc�row Items unless Lender waives
<br />�orrower's abligation to pay the Funds for any or all Escrvw Itenns. X..ender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any tirne. Any such waiver tnay only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and wher� payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall fumish to Lender receipts evid�ncing such paymenC within such tizne period as Lender may z�e.quire.
<br />Bnrrower's obligation to make such payments and to provid� receipts shall for all purposes be deeme� to
<br />be a covenant and agreement cont.aiinecl in this Security Insmument, as the phra.�e "covenant and agreernerxt"
<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 Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligate� under Section 9 to repay to Lender any such
<br />amourAt. I.ender rnay revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 1S and, upon such revocation, $orrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this 5ection 3.
<br />Lender may, at any time, collect az�d hold Funds in an. amount (a) sufficienC to permit Lender to apply
<br />the Funds at the time speci�ed under RFSPA, and (b) not to exce�d the maximum amount a lender can
<br />require under RESPA, T.ender shall estiznate the amount of Funds due on the basis of curarent data and
<br />reasnnable estimates of expenditures of future Escrow Items or othez�uvise in accordance wit.h Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentaliry, or entity (including Lender, if Lender is an institution whose deposits are so insured) nr in
<br />any Federal Hvme I..oan Baa�l�. I..ender shall apply the Funds to pay the Escrow Items no later than the titne
<br />speci�ied r�rxder RESPA. Lender shall not charge Barrower for haldiug and applying the Funds, annually
<br />analyzing the escrow account, or verifyizig th� Escrow Items, unless Lender pays Borrower interest an the
<br />Funds and Applicable I.aw pernuts Lender to rr�ake such a chazge. Unless an agreement is rnade in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Barrower
<br />any interest or earnings on the Funds. Borrower and X.�nder can agree in writing, however, that i.nterest
<br />shall be paid an the Funds. Lender shall give to Borrower, without charge, an annual accownting of the
<br />�'unds as required by R�SPA.
<br />If there is a surplus of Funds held in escrow, as defi�ned under RESPA, Lender shall account to
<br />Borrower for thc excess funds in accordanr.e rx�ith RESPA. If there is a sbortage af �unds held in escrow,
<br />as de�ined under RESPA, I.,ender 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 rnnre tha,n 12
<br />monthly payments. If there is a deficiency of F�unds held in escrow, as define�l �wndcr RESPA, Lender shall
<br />notify Borrovvec as re�uired by RESPA, and Barrower shall pay to L,ender the amount�necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payrnent in full of all surns secured by this Security Instrument, Lender shall prom,ptly refund
<br />ta Borrower any Funds held by I,ender.
<br />4. Cbarges; Liea�. Borrower shall pay all ta�ces, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain prioxity over this Security Instrument, le.asehold pay�nents ar
<br />ground rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escraw Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family -�annie MeelFreddie Mac UNIFQRM INSTRUM�NT �
<br />�-B�NE) �oe�ii Peg05nf 13 ime�aia: � Form 5028 1/01
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