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20110006U
<br />premiums, 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 Sectian 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Associatian Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall proznptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Punds for �scrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only he
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow ltems for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to L,ender receipts evidencin�; such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow ltems directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Ttem, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. l.ender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 1 S and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RESPA; and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data aaad
<br />reasonable estimates of expenditures af future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />1"he Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Laan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under AESAA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless 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 requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnin�s on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall �;ive 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 defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower slaal] pay to
<br />Lender the amount necessary to make up the shortage in accnrdance with RESPA, but in no more than 12
<br />monthly payments. If there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by AESPA, and Borrower shall pay to Lender the amount necessary ta make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall prornptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charg�s, fines, and irnpositions
<br />attributable to the Property which can attain priority over this Security lnstrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />8BQ09169p3 8800916903
<br />NEeRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MER5
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