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2011�0?a4
<br />premiums, if any, or any 5ums payable by Borrower to Lender in licu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions af Se�tion 10. These items are callcd "I;sc:r��w
<br />Items." At origination or at any time during thc term of the Loan, Lender may requirc; thaC Community
<br />Association llues, �ees, and Assessrnents, if any, be escrowed by Borrower, and Sl1Gh (�L1�S fees and
<br />assessments shall be an �sc;row Itern. Borrower shall promptly furnish to Lendc:r all nptices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for �;scrow Items unless I,endcr waives
<br />Borrower's obligation lo pay [he Punds for any or all Escrow Items. Lend�r may waive Borrower's
<br />abligation to pay to Lender Funds for any c�r all Escrow Items at any time. Any such waiver may only be:
<br />in writing. In the event of such waiver, Borrc�wear shall pay directly, when and where payable, the amaunts
<br />due for any Escrow Itenis for which payment �f Funds has been waived by Lender and, if I,ender requires,
<br />shall furnish to Lender receipts cvidencing such payment within such time period as Lcnder may require.
<br />Borrower's ok�ligati�n 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 Tnstrument, as the phrase "covenant and agreement"
<br />is used in 3ection 9. lf 13orrower is obligatcd Ca pay Escrow Items directly, pursuant to a waiver, and
<br />Bc�rrnwer fails to pay the amount due for an Escrow Item, I.c:nder may �xercise its rights under Section 9
<br />and pay such aniount and Borrower shall th�n l�e �bligated under Sectian 9 to repay to Lender any such
<br />amcaunt. Lender rnay revoke the waiver as to any or all F,scrow Itc:ms at dny time by a notice given in
<br />accordancc with Sectian 15 and, upon such revocation, Borrower shall pay tc� Lcnder all Funds, and in
<br />such am�unts, that are then required under this Section 3.
<br />L.ender may, at any kime, c�llect and hold �unds in an amount (a) sufficient to permit I.,undcr ta apply
<br />the Funds al [he time specified under RESPA, and (b) not to exceed the maximurn amount a lender can
<br />require undcr R�SPA. Lender shall estimate the amount of Fnnds duc an the basis of current data and
<br />reasonable estimates of expcnditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall t��: held in an institution whose deposits are insured by a fcderal agcncy,
<br />instrumentality, or enlily (inc:luding Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home L.oan Bank. Lender shall apply tlx� Funds to pay the Escrow Ttems no later than the time
<br />specified under RESPA. Lender shall not charg� Bnnrc�wer far holding and applying the f�unds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unlcss I.cndcr pays Borrower interest on the
<br />Funds and Applicable L.aw permits Lender to make such a chargc:. iln.less an agreement is made in writing
<br />c�r Applicable Law requires interest to be paid on khe Funds, I,endcr shall not be required to pay Borrower
<br />any interest or earnings on lhe Funds. Borrawer and l,tndez' c:an agree in writing, however, that interest
<br />shall be paid on the Punds. I.,�nder shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If Were is a surplus of Punds held in escraw, as defined under Rk,SYA, Lender shall account to
<br />Borrower for the excess funds in accordance with ItI:SPA. If th�r� is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall nnfify Bc>rtow�r as re:quired by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance witk� RESPA, but in no more than 12
<br />monthly payinents. If there is a deficiency of Funds hcld in cscrow, ati dcfined under RESPA, Lender shall
<br />notify Borrower as required by RI:SPA, and Borrc�wer shall pay tU I.ender the amount necessary to make
<br />up the deficiency in accc�rdanc:c: with R�SPA, bul in no mare than 12 rnonthly payrnents.
<br />Upon payment in full af all sums secured by this Security Instrument, L,ender shall promptly refund
<br />to Borrowcr any I'unds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Inslrumcnl, l�asehold payments vr
<br />$raund rents an the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the �xkent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-61NE11osttl Page6of 16 Initials: � Form 3028 �/Q�
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