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20i10037G
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These iterns are called "Escrow
<br />Items." At origination or at any time during the term of the Laan, L.ender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Barrower, and such dues, fees and
<br />assessrnents shall be an Escrow Item. Borrower shall promptly furnish to L.ender a11 notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Ttenns unless L.ender waives
<br />Borrower's obligation to pay the Funds for any or all Escrovv Iterns. Lender may waive Borrower's
<br />obligation to pay ta Lender Funds for any or all Escrow Iterns at any tirne. Any such waiver may only be
<br />in writing. In the event of such waiver, Barrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to I,ender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation 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 Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant ta a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender rnay exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender nnay revoke the waiver as to any or a11 Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revacation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that axe then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit L.ender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amaunt a lender can
<br />require under RESPA. Lender shall estimate the amaunt of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escraw It�ms or atherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) ar in
<br />a�ny Federal Home I.oan Bank. L,ender shall apply the Funds ta pay the Escrow Items no later than the time
<br />speci�ed under RESPA. I.ender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable I.aw permits L,ender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, L.ender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and L,�nder 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 RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Punds held in escrow,
<br />as de�ned under RESPA, L,�nder shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the arnount necessary to rnake 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�ined under RESPA, L.ender sha11
<br />natify Borrower as required by RESPA, and Borrower shall pay to L.ender 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 surns secured by this Security Instrument, Lender sha11 pramptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessrnents, charges, �nes, 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 Cornrnunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Iterns, Borrower shall pay thern in the znanner provided in Section 3.
<br />NEBRASKA - 5ingle Family - F�nnie Mae/Freddie Mac UNIFORM INSTRUMENT .r`
<br />�-61NE1 loeitl Paaa 5 af �5 Initiels: � Fo�m 302$ 9/09
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