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201100040
<br />premiums, if any, or any sums payable by Borrower to I,,ender in li�u of the payment of Mortgage
<br />Insurancc premiums in accordance wikh the provisions of Section 10. These iteans are callod "Fscrow
<br />Items." At origination or at a� time during the term of the Laan, I.endcr may requirc that Cvmmunity
<br />Association Dues, �ees, and Asseasments, if any, be escmwed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shail prompdy furnish to Lender all notices of amounts to
<br />be paid under this Section. Sorrower shall, pay Len�d�r the Funds for Escrow It�ms unl�ss Lend�r waivcs
<br />Borrower's obligation to pay the Funds for any or all Fscrow Items. Lender may waive Borcower's
<br />obligation to pay to Lender Funds for any or all Escrvw Items at any tune. Any such waiver Ynay only be
<br />in writing. Tn the event of such waiver, Borrower shall pay direcdy, when and where payable, the amounts
<br />due far any �scrow Items for which payment of �wui,s has been waived by Lender and, if Lender requires,
<br />shall furn�ish w I.ender receipts evidencing such payment within such time period as Lender may requirc.
<br />Borrower's obligation to make such payments and to prc�vi�do receipts shall far all pw�poses be deenned to
<br />bG a covenant and agreement cantained in this Security Instrument, as tha phrase "covenant and agreemcnt"
<br />is used in Sectinn 9. If $orrower is obligated to pay Escrow Items direcdy, pursuant to a waiver, and
<br />Bonrower fails to pay the araount due for an Escrow Item, I.ender may ex�ercise its rights under Sectian 9
<br />and pay such atnount and Borrowcr st�all then be obligatcd under Section 9 to repay to Lender any such
<br />amnunt. Lender uaay revoke thc waivcr as to any or all Escrow Items at any time by a notice given in
<br />accordaw�e with Sectian l5 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required undcr this Section 3.
<br />Lender may, at any time, collect and hold �'unds in an anwunt (a) suf�cient to permik Lendcr to apply
<br />tho Funds at the time spec�ed under RESPA, and (h) nqt to exceed the maximum amount a lender can
<br />require under RESPA. J.,ender shall estixnate the aznount of Funds due on khe basis of ciurent data and
<br />reasonable cstimates of expendilures of futurc Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, ar entity (including Lender, if Len�der is an institution whose deposits are sa iz�sured) or in
<br />any Federal Home Loan Banlc. T,cnder shall apply khe Funds to pay the Escraw Items na later tha�n the time
<br />specified under RFSPA. . Lcnder shall not charge Borrower for holding and applying the Funds, anzxually
<br />analyzing the escrow account, or verifying the Escraw Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to make such a chargo. Unless an agrcement is made in writing
<br />or AppIicable Law requires interest to be paid on the Funds, Lender shall not be reqnired to pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, howcver, that interest
<br />shall be paid on tho Funds. Lender shail give to &arrowcr, without charge, an annual accounting of the
<br />Funds as requirui by RESPA.
<br />If thero is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If khere is a s}aortage of Funds held in escrow,
<br />as defined undcr RESPA, Lernter shall notify &arrower as rcquired by RESPA, and Borrower sball pay ta
<br />Lendcr the amount nccessary W m.alce up the shartage in accordancc with RESPA, but in� no more than 12
<br />monthly paymcnks. If thene is a de�ciency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrowcr as required by RESPA, and Borrowcr shall pay to Lender the amount necessary to make
<br />up thc deficiez�cy in accordance with RESPA, but in nn mpre than 12 monthly payments.
<br />Upon paymcnt in full of all sums secured by this Sccurity Instrument, Lender shall promptly retund
<br />tv Horrower any Funds held by I.,emder.
<br />4. Charges; Lien�. $orrowcr shall pay all taxes. asscssments, chargcs, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehvld paym�ents or
<br />ground rents on thc Property, if any, and Community Assuciation Dues, Fees, and Assessments, if any. To
<br />the e�ctent that these items are �scxow Itcros, Borrower shall pay them un the manner pmvided in Section 3.
<br />2300019749 D V6ANE
<br />NLBRA$KA - 5ingle �amily - Fannis Mae/Fireddle Mac UNIR]RM INSTRUMENT WITH M�R4 .�YJ
<br />��6A(NE)ioeia� p�p, s or ie i,„� D� Form 3�28 1/07
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