|
2Ui100��0
<br />prezniums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "�:scrow
<br />l.tems." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if' any, be escrowed by Borrower, azad such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Sorrower shall pay Lender the �^unds for Escrow ltems unless Lender waives
<br />Borrower' s obligation to pay the Funds for any or all Escrow Iterns. Lender may waive Borrower' ti
<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 the event of such. waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due fpr 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 Lender may require.
<br />BorA s obligation to make such payments and to provide receipt� shall for all purposcs be deemed to
<br />be a covenant and a�reement contained 'ua this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obli�ated to pay Escrow ltems directly, pursuant to a waiver, and
<br />Borrawer fails to pay the amount due for an �'scrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 ta repay to Lender any such
<br />amount. Lender may ravoke the waiver as to any or a11 Escrow Items at any time by a notice �iven in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender rnay, at any time, collect and hold Funds in an aznount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximuzn amount a lender can
<br />require under RESPA. Lender shal] estimate the amount of kunda due on the basis of current data and
<br />reasonab1e estamates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institutipn whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Lnan Bank. Lender shall apply the Funds to pay the �scrow Items no later than the time
<br />specified under R�SPA. Lender shall not. charge &�rrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on fhe
<br />Funds and Applicable Law permits Lender to make such a charge. i..Tnless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall noC be required to pay Borrower
<br />any interest or eamings on the Funds. Borrower and Lender can agree in writiin�, however, that interest.
<br />shall be paid on tk�e Funds. Lender shall give to Borrower, without cl�ar�e, an annual accaunting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrpw, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in eacrow,
<br />as defined under RFSPA, Lender shall notify T3orrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the sharta�e in accordance with RESPA, but in no more than 12
<br />monthly payments. lf there is a deficiency of Funds �e1d in escrow, as defined under RESPA, Lender sl�all
<br />notiFy Sorrower as required by RESPA, and Sorrower sha11 pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds 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 Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Cornmuniry Association Dues, Fees, and Assessrnents, if any. To
<br />the extent that these items are �scrow Items, Borrower shall pay thern in the xnanner provided in Section 3.
<br />� 231042
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-B(NE) (0811) Page 5 oF 15 ina�ais: �� Form 3028 1101
<br />�
<br />
|