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2oiioo379
<br />1111056962
<br />Mortgage lnsurance premiums, if any, or any sums payable by Borrower to I�ender in lieu of the payment of Mortgage
<br />insurance premiums in accordance with thc; provisions of Section 10. These iterns are called "Escrow Ttems." At origination ar
<br />at any time during the term of the Loan, Lender may require that Community Association Dues, Fecs, and Assessments, if any,
<br />be escrowed by Borrawer, and such dues, fees and assessments shall be an Escrow item. Borrower shall promptly furnish tn
<br />Lcndcr all noticcs of amounts to be paid under this Section, Borrower shal) p�y Lender the Funds for Escrow Itcros unlcss
<br />Lender waives Borrower's obligatian to pay the Funds fnr any or all Escrow ltems. L�nder may waive $orrower's obligaiion to
<br />pay to Lendcr Funds for any or all Escrow Ttems at any time. Any such waiver may only be in writing. In the event of such
<br />waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of�
<br />Funds has bcen waivcd by Lender and, if Lender requires, shall furnish to Lender receipts evidencin� such payment within
<br />such time period as Lender may rcquira E3orrower's obligation to make such payments and to provide receipts shall for all
<br />purposes be deemed to be a cov�nant and agreement contained in this Security instrument, as the phrase "covenant and
<br />agreement" is used in Sectipn 9. lf Borrower is obligated to pay Escrow ltems directly, pursuant to a waivcr, and I3orrower
<br />fails to pay thc amount due for an Escrow Ttem, Lender may exercise icy rights under Section 9 and pay such amount and
<br />Borrower shall then be obligatcd under Scction 9 to repay to Lender any such amount. Lcnder may rcvoke the waivcr as to any
<br />or all �scrow ltems at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay
<br />to Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) suf�cient to permit Lender to apply the Funds at the
<br />time specitied under RESPA, and (b) not to exceed the maximum amount a lender can require under R�SPA, Lender shall
<br />cstimate thc amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items
<br />or otherwise in accordance with Applicable I,aw.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lender is an institutian whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall
<br />apply the Funds to pay thc Escrow Itcros no later than the timc spcciticd undcr RESPe�. Lendcr shall not chargc E3orrowcr for
<br />holding and applying the Funds, annually �nalyring the escrow account, or verifying the Escrow Items, unless 1_ender pays
<br />Borrpwer interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in
<br />writing or Applicablc Law requires interest to be paid on the Funds Lcnd�r shall not bC r�quired to pay C3orrower any interesk
<br />or earnings on the Funds. f3orrower and Lender can agrec in writin�, however, that interest shall be paid on the Funds, Lender
<br />shall givc to }3orrowcr, without chargc, an annual accounting of thc Fwids as rcquired by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall accaunt to Borrower tbr the
<br />cxccss funds in accordance with RESPA. If there is a shortage of Funds held in cscrow, as defincd undcr R�SPA, Lcndcr shall
<br />notify Borrower as required by RESPA, and Barrower shall pay to Lender the amount necessary to make up the shortage in
<br />accordancc with RESPA, but in no more than 12 monthly paymcnts. If thcrc is a deficicncy of Funds hcld in cscrow, as dctined
<br />under R�SPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to
<br />make up th� deficiency in accordance with RESPA, but in no morc than 12 monthly payments.
<br />lJpon payment in full of all sums secured by this Security Instrument, Lender sh�ll promptly ref'und to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrowcr shall pay all taxes, assessments, charges, �nes, and impasitions attributable to the
<br />Property which can attain priority over this Security Instniment, leasehold payments or ground rents on the Properiy, if any,
<br />and Community Association bues, Fecs, and Asscssmcnts, if any. To the extent that these iterns are Escrow [tems, Borrower
<br />shall p1y them in the manner provided in Section 3,
<br />Borrower shall promptly dischargc any lien which has priority over this Security Instrument unless Borrower; (a)
<br />agrees in writing to the payment of the abli�ation secured by the lien in a manner acceptable to Lender, but only so long as
<br />f3orrower is performing such agrecmcnt; (b) contests thc lien in good faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the en£orcement of the lien while those proccedings arc
<br />pending, but only until such procccdings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to
<br />Lender subordinating che lien to this Security instrument. If Lender detennines that any part of the Property is subjcct to a lien
<br />which can attain priority ovcr this 5ccurity lnstrumcnt, Lender may give Borrawer a notice identif'ying the lien. Within 10 days
<br />of the date on which thai notice is given, 8orrower shall satisfy the lien or cake onc or more of the actions set forth abovc in
<br />this 5ection 4.
<br />I.ender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting servic� used
<br />by Lend�r in connection with this l�oan.
<br />NE[3RASKA--Singlc Family--Fannic Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�:� 338.2 P�ige 4 of 12 Fnrm 302R 1/O1
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