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201U098�5
<br />premiurns, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance 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, Lender may require that Commimity
<br />Associatiori Dues, Fees, and Assess�iients, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall prompdy furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender d�e Furrds for Escrow Tteuis unless Lender waives
<br />Borrower's obligation to pay tlie Funds for any or all Escrow Iteuis. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Iterzis at any dme. Any such waiver may anly 6e
<br />in wriling. In the event of such waiver, Borrower shall pay directly, when and where payable, the a�nounts
<br />due for any Escrow Items for which payment of Fimds has been waivecl by Lender and, if Lender rec�nires,
<br />shall turnish to Lender receipts ev'rdencing such payment within such time �eriod as Lender may require.
<br />Borrower's obligaUon to make such payments and to provide receipts shall for a11 purposes be deemed to
<br />be a cavenant and agreement contained in diis Security Ii�strriment, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, p�arsuant to a waiver, and
<br />Borrower fails to pay the amo�mt due far an Escr�w Item, Lender may exercise its rights under Section 9
<br />and pay such amaunt and Borrawer shall then be o6ligated under 5ection 9 to repay to Len�ler any such
<br />amount. Lender niay revoke the waiver as to any or all Escrow Iteriu at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Barrower shall pay to Lender all Funds, and in
<br />such artioimts, that are then reqrrired under this Section 3.
<br />Lender may, at any time, collect and hald Funds in an amount (a) sufficient to permit Lender tn aPP�Y
<br />d�e Funds at d►e time speci�ed under RESPA, and (b) not to exceed the maximum a�nount a lender can
<br />require imder R�SPA. Lender shap estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expeuditiires of fut�ire Escrow Ite�i�s or od�erwise in accordance witt► Applicable
<br />Law.
<br />'I'he Funds shall be held in an institution whose deposits are insured by a federal agen .ry,
<br />instriunentality, or entity (including Lender, if Lender is an institution whose deposits are sn insured) or in
<br />any Federal IIome I.oan Bank. Lender shall apply the Funds to pay the Escraw Items no later dian die time
<br />specified under RESPA. I�ender shall not charge Borrower for holding and applying die Funds, ann��ally
<br />analyzi►►g die escrow account, or verifying the Escrow Ite���s, u�iless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law req�iires interest to be paid on die Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on die Funds. Borrower and Lender can agree in writing, however, Wat interest
<br />shall be paid on the Punds. Lender shall give to Borrower, without charge, an amival accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ned under RESPA, Lender shall account to
<br />Borrower for d�e excess fiinds in acwrdance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESI'A, and Borrower shall pay to
<br />Lender the amount necessary to n►ake up d►e shortage in accordance with RESPA, btd in no more tt►an 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />nntify Borrower as reqiured 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 l2 mnnthly payments.
<br />Upon payment in fiill of all sums secured by this Seairity Insti Lender shall prompdy refund
<br />to Borrower any Fmids held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable ta the Property which can attain priority aver this 5ec�irity Instrument, leasehold payn�er►ts or
<br />ground rents on the Property, if any, and Community Association Dues, �'ees, and Assessments, if any. To
<br />the extet�t lhat these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />001122308972 [001122308972]
<br />� N RASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WIT S
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