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201100340
<br />premiums, if any, or az�y sums payabie by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with khe provisions of Section 10. '1,'hese items are called "Esc:r�w
<br />Items." At origination or at any time during the term af the I,oan, T.ender may require thal Comynunity
<br />Association Dues, Fees, and Asscssments, if any, be escrowed by Bc�rrvwer, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall pm�nptly furr�ish to I,ender all notices of amounls W
<br />bc paid under this Section. Borrower shall pay Lender the Funds fvr Escrow Itecns unless I_ender waives
<br />Borrower's obligation cc� pay ttre Funds for any or all Escrow Items. Lender may waive Borrawer's
<br />obligation to pay to Lcnder �uncis for any or ali Fscrow Items at any lime. Any such waiver may only be
<br />in writing. In the evcnt of such waiver, Borrower shall pay d'uectly, when and where payable, the amounts
<br />due for any Esc:row I[ems for which payment of F�unds has been waived by I�ender and, if Lender reyuires,
<br />shall furnish to I.ender receipts evidcncing such pay�nent within such ti�ne period as i,ender may require.
<br />Borrower's obligation to make such payments and to providc receipts shall for all purposes be deexned tv
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covcnant and agreement"
<br />is used in Scction 9. If Borrower is vbligated to pay Escrow Itettrs directly, pursuant to a waivcr, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lencier may exercise its rights under Section 9
<br />and pay such �nount and Borrower shall then be obligated under Section 9 W repay to Lender any suc;h
<br />amount. I.enrier rnay revoke khe waiver as to any or all Escrow Items at any time by a�tice given in
<br />accordance with Sectinn 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 may, at any time, collect and hold Funds in an annnunt (a} sufficient to permit Lendcr to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the ma�cimum amount a lender ean
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of currenl data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institutivn whose deposits are insured by a federal a�ency,
<br />instrumentality, or entity (including I.ender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Fnnds to pay the Escrow Items no later tt�an thc time
<br />specified under R�SPA. L.ender shall not charge Borrower for holding and applyin�g the Punds, armually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrawer interest on the
<br />Funds and Applicable Law permits Lender to make such a c;harge. Unless an agreement is rnadc in writing
<br />or Applicable Law rcqnires interest to be paid on the Funds, I.ender shall not be required to pay Bonowcr
<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 givc ta Barrower, without charge, an annual accounting r�f the
<br />Funds as required by RESPA.
<br />If there is a surplus �f Funds held in escrow, as de�ned under RBSPA, I_ender shall ac:count to
<br />Honow�r for the excess funds in accordance with RESPA. If there is a shortage of �unds held in escrow,
<br />as defined under RESI'A, Lender shall uotify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to rnake up the shortage in xccordance with RESPA, but in no more than 12
<br />monthly paymenls. If there is a deficiency of Funds held in escrow, as defined unclet RE.SPA, Lender shall
<br />notify Borrower as required by RESPA, and Bonower shall pay to T.ender the amaunt necessary to make
<br />up the deficiency in ac:c:ordance with RESPA, hut in no more than ] 2 manttaly payments.
<br />Upon payment in full of �►11 sums secured by this Security Instrument, Lender shall prc�mpdy refund
<br />to Borrowcr any F'unds held by Lender.
<br />4. Ch�rges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Properiy which can attain priority over this Security Instniment, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the exte�nt tl�at these items are Escrow Items, Borrower shall pay them in the manner provided in Secti�n 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH M�RS_
<br />�-fiA{NE1loeiol Paga5vf15 in�bais:�4� Form3Q28 7/09
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<br />NI I�I�III NIII� �� I�I IN �I Ilhi�ll rll
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