|
20�14fl0��
<br />premiums, if any, �r any sums payahle by Borrower to Lender in lieu of t1ie payment of Mortgage
<br />Insurance premiums in accordance with the provision5 of Section 10. These items are called "Escrow
<br />Iterns." At origination or at any time during the term of the Loan, Lender rnay require that Community
<br />Association Dues, F ees, 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 �uncls for Escro�� Items unless I.Ender waiveti
<br />Borrawer's obligati�n to pay the Funds for any or al] Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds far any or all Escrow ltems at any time. Any such waiver may only be
<br />in writing. ln the event of such waiver, Borrower shall pay directly, when and where payab]e, the ariaounts
<br />due for any Escrow Items for which payrnent of Funds has been waived by Lender and, i£ Lender requires,
<br />shall furnish to Lender receipts evidencin�; sueh payment within such time period as Lender may require.
<br />Borrower's obligation to make such payrnents and to provide receipts shall for all purposes be deemed to
<br />be a covez�ant and agreement cnntained in this Security �nstrument, as the phrase "cavenant and agreement"
<br />is used in Section 9. If B�rrcrwer is obligated to pay �scrow ]tems directly, pursuant tc� a waiver, and
<br />Bprrower �ails to pay the amaunt due f�r an Eserow ltem, Lender may exercise its rights under Section 9
<br />and pay such anl�unt and Borrower sliall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordanc� with Section 15 and, upon �uch ravocation, Borrower shall pay to Lender a11 Funds, and in
<br />such amaunts, that are then required under this Seetion 3.
<br />Lender may, at any time, coilect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at th� tin�e speci�ed under RESPA, and (b) not to exceed the maxirnum amount a lender can
<br />require under RESPA. Lender shall estimate the amaunt of Funds due on the basis of current data and
<br />reasonable estimates of expendatures of future 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, or entity (includiug Lender, if Lender is an institution whose deposits are so insur�d) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items na later than the time
<br />speci�ed under RESPA. Lender shall not charge Borrower for halding and applying the Funds, annually
<br />analyzing tl�e escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest an the
<br />Funds and Applicable Law permits Lender io make such a charge. Unless an agreement is made in writing
<br />or Applicable La�z� requires interest ta be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. I3orrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defned under IZESPA, Lender shall account to
<br />T3orrower for the �xcess funds in accordance with RESPA. If there is a shortage of F'unds held in escrow,
<br />as defined under RESPA, Lender shall notzfy Borcower 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 payments. If there is a deficiency of Funds held in escrow, as de�med under R�SPA, Lender shall
<br />notify Borrawer as required by ItESPA, 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 />L1pon payment in full af all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributabie ta the Property which can attain priority over chis Security Instrument, leasehald payments or
<br />ground rents on the Properky, if any, and Coxnmunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Iterns, Borrower shall pay thern in the manner provided in Section 3.
<br />231026
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-B�NE� (0911) Page5 of 15 inici g�. �� Fnrm 3�28 1101
<br />� �•'V \
<br />�
<br />
|