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<br />premiums, if any, or any �ums payable by Borrower to l,ender in lieu of the paym.ent of Mortgage
<br />Tnsurance premiums in accordance with the provisions of Section 10. These item5 are called "Escrow
<br />itemti." At origination or at any time during fhe 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 />as5essments shall be an Escraw Item. Borrower shall promptly furnish to Lender all notices of amaunts to
<br />be paid under this Section. Borrower shall pay Lender khe Funds far Escrow Items unless Lender waives
<br />Borrower' s obligatiox� to pay the Funds for any or all Escrow Items. Lender may waive $orrower' s
<br />obligation to pay to Lender Funds for any or all Escrow ItemS at any time. Any such waiver may only be
<br />in writing. In tlie event of auch waiver, Borrower shall pay directly, when and where payable, the amount�
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipt� evidencing such payment within such time period as Lender may require.
<br />Borrower's abli�ation to make such payments and to provide receipt5 shall for all purposes be deemed to
<br />be a covcnant and agreement cantained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Sectian 9. If Borrower is pbligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Bonrower fails to pay the amount due for an Escrow Itern, 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 Isender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow ltems at any time by a natice given in
<br />accordance with Sectian 15 and, upon such revocation, Barrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this 5ection 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Fund� at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. l,ender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditurea of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />'I`hc Funds shall be held in an institution whase deposits are insured by a federal agency,
<br />instrumentality, or entity (includin� Lender, if Lender is an institution whose deposits are so insured) or in
<br />az�y Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tirne
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrc�w 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 arequires interest to be paid nn 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 char�e, an annual accaunting of the
<br />Funds as required by R�SYA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Sorrower 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 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�ned under RESPA, �,ender sha11
<br />notiFy Sorrower as required by RESPA, and Borrower shall pay to Lender the arnount necessary to rnake
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly paymenCs.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Punds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Properiy wh'rch can attain priority aver this Security Instrument, leasehald payruents or
<br />ground rents on the Property, if any, and Comxnunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />231034
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ,
<br />�•s�N��(0811) P8g850f15 Irlitials� / Form3028 ����
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