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2011�0��8
<br />prerniums, if any, or any sums payable by Borrower to I.ender in lieu of the paytnent of Mortgage
<br />Insurance prerniums in accordance with the provisions of Sectian 10. These iterns are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assesstnents, if any, be escrowed by $orrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to L.ender all notices of arnounts to
<br />be paid under this Section. Borrower shall pay L,ender the Funds for Escrow Ttems unless I.ender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. I..ender may waive Borrower's
<br />obligation to pay to l.ender Funds for any or all Escrow Iterns at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due far any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as L�nder may require.
<br />Borrower's obligation to make such payments and ta provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security lnstrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Barrower fails to pay the amount due for an Escrow Item, I.ender may exercise its rights under Sectian 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to I.ex�der any such
<br />amount. Lender may revok� the waiver as to any or all Escrow Items at any ti� by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such arnounts, that are then required under this Section 3.
<br />Lender may, at any tirne, collect and hold Punds in an amount (a) sufficient to pernut 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 esti:mate the amount af Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />I..aw.
<br />The Fuxads shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if T_.ender is an institutian whase deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply t�e Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. T...ender shall not charge Bprrower for holding and applying the Funds, annually
<br />analyzing the escrow accaunt, ar verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pernnats 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 earnings on the Funds. Borrower 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 RESFA.
<br />If there is a surplus of Funds held in escrow, as de�ned under RESPA, Lender sha11 acccwnt to
<br />Borrower for the excESS funds in accordance with RESPA. If there is a shortage of Funds held in escrc�w,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay �a
<br />Lender the amount ne�essary to make up the shortage in accordance with RESPA, but in no mnre iia�aa 1�
<br />tnonthly payments. If there is a de�ciency of Funds held in escrow, as defined under RESPA, I.ez�det' sl�all
<br />notify Barrower as require� by RESPA, and Barrower shall pay to Lender the arnount necessary to malce
<br />up the de�ciency in accordance with RESPA, but in no rnore than 12 monthly payments.
<br />Upon payment in full of all surns secured by this Securiry Instrument, L,�nder shall proraptly refund
<br />to Barrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessrnents, charges, fines, and iznpositions
<br />attributable to tk�e Praperty which can attain priority over this Security Instrurnent, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessm�ents, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�NE) �osi�l Page 5 of 15 �nit�a�s: Form 3028 �/0�
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