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201102624
<br />prettiiums, if any, or any sums payable by Borrower lo Lender in lieu of the paytnent of Mortgage
<br />Insurancc prcmiums in accordancc with thc provisions of Scction ]0. 'Chcsc itcros arc callcd "Escrow
<br />Items_" At origination or at any time during the tenn of the Loan, Lender may require that Cotmnunity
<br />Association Dues, Pces, and Asscssments, if any, bc cscrowed by Borrowcr, and such dues fees and
<br />assessments shall be an Iiscrow Item. Borrower shall promptly fiirnish to Lender all nolices of amounts to
<br />be paid under lhis Section. [3orrowcr shall pay Lendcr the Funds lim i;ticrow Ilem� unletiti Lc;nder waives
<br />Borrower'S obligation to pay the Funds for any or all Escrow Items. Lender inay waive Borrower's
<br />obligation to pay to Lender Fm�ds fi�r any or all Fscrow Items al any time. A�ry such waiver may only be
<br />in writing. In the event of such waiver, I3orrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Iteins for which payment of Funds has been waived by Lcndcr and, if Lender requires,
<br />shall lurnish to Lcndcr rcccihts cvidcncing such paymcnt within such tiinc period as Lcndcr may rcquirc.
<br />Borrower's obligation to make such payments and to provide reccipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Insinnnent, �s the phrase "covenant and agrcement"
<br />is used in Section 9. If Borrower is obligated lo pay Escrow Items directly, �ursuant to a waiver, and
<br />Borrower lails lo pay lhe amount duc lur an i;scrow It�m, Lender may e;xercitie i1s ri�his under �eciiun 9
<br />and pay such amount and Borrower shall then be obligated uuder Section 9 to repay tu Lender any such
<br />antount. Lendcr uiay revoke thc waiver as to any or all Escrow Itcuis at any time by a notice given in
<br />accordance wjth Scction 15 and, upon such revocation, Borrower shall pay to Lender all Punds, and in
<br />such amounts, that are then reyuired under this Section 3.
<br />Lcndcr may, at any timc, collcct and hold Ftmds in an amount (a) sufficicnt to pcnnit Lcndcr to apply
<br />the Funds at the time specilied undcr R�SPA, and (b) not to exceed the maximu�n amount a lender can
<br />require under RESPA. Lender shall estiinate the ainotmt of Funds dite on the basi� of current data and
<br />reasonahle estimates of expenditures of fititure Fscrow Itetns or otherwise in accordance with Applicable
<br />Luw.
<br />The Ftwds st�all be held iu an institution whosa deposits are insured by a federal agencq,
<br />in5trumentality, or entity (including Lcnder, if Lender is an institution whose deposits are so insured) or in
<br />any Pederal IIo►ne Loan Bank. Lender shall apply the I�unds to pay the P;scrow Itetns nq ]ater than the time
<br />specified under RESPA_ Lender shall not charge Borrower for holding and a�plying the Funds, atuivally
<br />analyzing thc cscrow account, or vcrifying thc Escrow Itcros, unlcss Lcndcr pays Borrowcr intcrest on thc
<br />Funds and Applicable Law permits Lender to make such a charge. iJnless an agreement is made in writing
<br />or Applicable Law requires inieresl to be paid on the Funds, Lender shall not be requircd to pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can agrec in writing, however, that interest
<br />shall be paid on lhe Funds. C,ender shall give lo I3�ircower, wilhoul charge, un annual uccounlin� of lhe
<br />Funds as required by RESPA.
<br />If lhere is a surplus of Funds held in esc:row, as detined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with R�SPA. If there is a shortage of Tnnds held in escrow,
<br />as delined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lcndcr thc ainount ncccssary to makc up thc shortagc in accordancc with RT'SPA, but in no morc than 12
<br />monthly paymcnts_ IP thcrc is a dcficicncy of Funds hcld in cscrow, as dciincd undcr RESPA, Lcndcr shall
<br />notify Borrower as reqttired by RT;SPA, and Borrower shall pay to Lender the amount necessary to make
<br />un the deficiency in accordance with RrSPA, but in no more than 12 monthly payments_
<br />Upun paymenl in full of ull sums secured by lhi;; Security Instnnnenl, Lender shall proinplly refund
<br />to F3orrower any Fuads 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, Ieasehold hayments or
<br />ground rents on the Property, if any, and Cbminunity Association Dues, I�ees, and Assessments, if any. To
<br />the extent lhat these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
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<br />NEBRASKA- Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT��v`'�
<br />�-6�NE) coaii) Page 5 of15 in�n�i5: Form 3028 1I07
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