|
2oliooi35
<br />premiums, if any, or any swna payable by Sarrower to Lender in lieu of the payment of Mortgage
<br />Insurance premir�ms in accordance with tha provisions of 5ectirnn 10. These items are called "Escrow
<br />Ttems." At origination or at any tixr� during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, Fees and
<br />assessments shall be an Escrow Item. Borrower sha11 promptly fiarnish to Lender all ncrtices of amounts to
<br />be paid under this 5e�tioa�. Bon'ower sha11 pay Lender the Funds for Escrow Items waless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. I,ender may waive Borx'ower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at at�y time. Any such waiver may only be
<br />in writing. In tt►e evant of such waiver, Horrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for whicb payrnent of Funds has been waived by Lender and, if Lender requires,
<br />ahall furnish tq Lender re�ceipts evidencing such payrnent within such time period as LBnder may require.
<br />Borrower' s obligation to rnake such payments and m provide receipts shall for all purposes be dcemed to
<br />be a covenant and agrcement contained in tlris S�uity Instrument, as the phrase "cavenant and agteemeixt"
<br />is used in Seclion 9. If Hozrower is obligat�i to pay Escrow Itexns dixe�tly, pursuant to a waiver, and
<br />Barrower fails to pay the amount due for an Escrow Item, Lender may exerc�se its rights under Ser�tion 9
<br />and pay such amaunt and Bairawer shall then be obligatesi under Secticm 9 to repay to Lender any such
<br />amount. Lendsr may revoke the waiver as to any or all Escrow Items at auy time by a notice given in
<br />accardance with Section 15 and, upan such revocation, Borrawer sha11 pay to Lender all Funds, and in
<br />such amwunts, that are then required under this Sectian 3.
<br />I.cnder may, at any time, collect and hold Funds in an amount (a) suf�'icient to permit Lender to apply
<br />the Funds at the tirne spe�ified under RESPA, and (b) not to exceed the rnaximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of cun'ent data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />J.,aw.
<br />The Funds shall be held in an inskitution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lendar, if Lender is an insritution whose deposits are so insured) or in
<br />any Federal Horne Loan Bank_ Lender slaall apply the Funds to pay the Escrow Iterans no later than the time
<br />speci�ied under RESPA. Lender shall not charge Borrower for halding and applying the Funds, annually
<br />analyzing the escrow account, ar verifying the Esctow Items, unless Lex�der pays Borrower interest an the
<br />k'unds and Applicable Law permita Lendec to rnake such a charge. Llnless an agreernent is made in writing
<br />or Applicable Law requires interest to be paid an the Funds, Lender sha11 not be required to pay Borrower
<br />any interest or ea�nings ot� the Funds. Borrower and Lender can agree in writing, hawevex', that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accaunting of the
<br />Funds as requir� by ItESPA
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, L�nder shall aacount to
<br />Borrower for the excess funds in accordance with RESPA If there is a shartage of Funds held in escrow,
<br />as defined ur�der RESPA, Lender shall notify Borrower as required by RESPA, and Sarrower shall pay to
<br />Lender the ampunt necassary to rnake up the shorta�e in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a de�iciency of Funds held in esc�ow, as deffned under RESPA, L�en.der shall
<br />natify Borrower as required by RESPA, and Borrower shall pay to Lende� the arnoimt necessary ta rnake
<br />up the deficiency in accardance with RESPA, bnt in no more than 12 manthly payments.
<br />Upon paya�ent in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by I.ender.
<br />4. Charges; Liene. Boxrower slaall pay all taxes, assessznents, charges, �nes, and impositions
<br />attributeble to the Property which can attain priority over this 5ecurity Instrument, lcasehold payments or
<br />grawid rents on the Pr�perty, if any, and Cornmunity Asaociaiion Dues, Fees, and Assee�sments, if any. To
<br />the exten.t that these itecns are Escrow Items, Borrower shall pay them in the maimer provided in Section 3.
<br />2200081627 D V6ANE
<br />NEBRASKA - Single Femily - Fannia Mae/Freddle Mac UNIFQRM INSTRUMENT WI7'H
<br />�-6A(NE) loe�ol Peae s m�5 i�ree�� Form 9p28 7/07
<br />�
<br />
|