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2011Q0489
<br />premiums, 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 "Escrow
<br />Items." At origination or at any time during the term af the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of arnounts to
<br />be paid under this Section. Borrower shall pay L.ender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. L,ender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Iterns at any time. Any such waiver may oxily be
<br />in writing. In the event of such waiver, Borrower 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 L.ender requires,
<br />shall furnish to Lender 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 far 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 abligated to pay Escxow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender may 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 may revoke the waiver as to any or all Escrow Items at any tinne by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to I,ender all Funds, and in
<br />such amounts, that are then required under this Sectian 3.
<br />Lender may, at any time, callect and hold Funds in an amount (a) suf�cient to permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximum aznount a lender can
<br />require under RESPA. l.ender shall estimate the annount of Funds due on the basis of current data and
<br />reasonable estimates af expenditures of future �scrow Iterns or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institutian whose deposits are insured by a federal agency,
<br />instrumentality, ar entity (including Lender, if L,ender is an institution whose deposits are so insured) or in
<br />any Federal Honne I.aan Bank. I,ender shall apply the Funds to pay the Escrow Items no later than the time
<br />speci�ed under RESFA. Lender shall not charge Borrawer far holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Punds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Barrower
<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. L.ender 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 af F'unds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make 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�ned under RESPA, I.ender shall
<br />notify Borrawer as required by RESPA, and Borrower sha11 pay to I.ender the amount necessary to make
<br />up the deficiency in accordance with R�SPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, I.ender shall promptly refund
<br />to Borrower any Funds held by I,ender.
<br />4. Charges; Liens. Borrowar shall pay all taxes, assessments, chacges, �nes, and impositions
<br />attributable to the Property which can attain priority over this Security Instrunnent, leasehold payments or
<br />ground rents on the Praperty, if any, and Connmunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these it�ms are Escraw Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-��1��) (0811) Page 5 of 15 in�c�ais: Form 3028 �/��
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