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201100i7"�
<br />premiurns, if any, or any sums payable by Borrower to I.ender in lieu of the payment of Mortgage
<br />Insurance prerniurns in accordance with the provisions of Section 10. These items are called "�scraw
<br />Items." At origination or at any time during the term of the Loar►, Lender may require that Cornrnunity
<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 shall pramptly furnish to I.ender all notices of amounts to
<br />be paid under this Section. Borrower shall pay L.ender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may wauve Borrower's
<br />obligation to pay to Lender Funds for atay or all Escrow Items at any time. Any such waiver may anly be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any �scrow Items for which payrnent of Funds has been waived by Lender and, if Lender requires,
<br />sha11 furnish to I.,ender receipts evidencing such payrnent within such time period as Lender rnay require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deerned to
<br />be a covenant and agreement contained in this Security Instrurnent, as the phrase "covenant and agreernent"
<br />is used in Section 9. I f�orrower is obligated to pay Escrow Itetns directly, pursuant to a waiver, and
<br />Sorrower fails to pay the annount due for an�scrow Item, Lender may eaercise its rights under Section 9
<br />and pay such amaunt and Borrower shall then be obligated under Section 9 to repay to Le�nder any such
<br />amount. I.ender may revoke the waiver as to any or all Escrow Items at any tirne by a notice given in
<br />accardance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amow�.ts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an arnount (a) sufficient to permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount af Funds due on the basis of current data and
<br />reasonable estirnates of expenditures 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 (including L.ender, if L.ender is an institution whose deposits are so insured) or in
<br />any Federal Home L.oan Bank. Lender shall apply th.e Fur�ds to pay the Escrow Items no later than the time
<br />specified under R�SPA. Lender shall not charge Borcower for halding and applying the Funds, az�nually
<br />analyzing the escrow account, or verifying the �scrow Items, unless I.ender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to rnake such a charge. Unless an agreernent is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Barrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />sha11 be paid on the Funds. I.ender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />Tf there is a surplus of Funds held in escrow, as defined under RESPA, T..ender shall account to
<br />Bor�'ower for the excess funds in accordance with RESPA. Tf there is a shortage of Funds held in escrow,
<br />as de�ned under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay io
<br />Lendcr the amount necESSary to make up the shortage in accordance with RESPA, but in no rnore than i2
<br />rnonthly payments. If there is a defciezacy of Funds held in escrow, as defined under RESPA, I.ender shall
<br />notify Bonower as required by RESPA, and Borrower shall pay to Lender the amount necessary to malce
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upan payment in full of all swns secured by this Security Instrument, I..ender shall promptly refund
<br />to Borrower any Funds held by L,�nder.
<br />4. Charges; Liens. Bort'ower shall pay all taxes, assessments, charges, �nes, and impositions
<br />attributable to the Property which can attain prioriCy over this Security Instrument, leasehold payments ar
<br />ground rents on the Property, if any, arxd Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items aze Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT �,�/�
<br />� -fi�NE) loat tt page 5 of 15 Initials: ° Form 3028 1/O1
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