|
201103382
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiurns in accordance with the provisions of S�tion 10. These items aze called "Escrow
<br />Items." At origination or at any time during the term of 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 Fscrow Item. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this 5ection. Bonower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Eserow Items. Lender may waive Bonower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Bonower 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 Lender receipts evidencing such payment within such time period as Lender may require.
<br />Bonower'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 agre�ment"
<br />is used in 5ecrion 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Bonower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under S�iion 9
<br />and pay such amount and Bonower shall then be obligated under Se�tion 9 to repay to Leuder any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocarion, �rrower shall pay to Lender ali Funds, aad in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, coll�t and hold Funds in an amount (a) sufficient to germit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />I.aw.
<br />The Funds shall be held in an institurion whose deposits are insured by a federal agency,
<br />instn�mentality, or entity (including Lender, if Lender is an institurion whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later thau the time
<br />specified under RESPA. Lender shall not charge Bonower for holding and applying the Funds, annually
<br />analyzing the eserow account, or verifying the Escrow Items, unless Lender pays Bonower interest on the
<br />Funds 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 Bonower
<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 give to Bonower, without chazge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as definefl under RESPA, Lender shali account to
<br />Borrower for the excess funds in accordance with RE5PA. If there is a shortage of Funds held in t�so�v,
<br />as defined under RESPA, i.ender shall notify Bonower as required by RESPA, and Borrower shal� pay to
<br />L�nder tlie amount n�;essary to make up the shortage in accordance with RFSPA, but in no more t�aa 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Bonower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RES�A, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Bonower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />amibutable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Du�, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in S�tion 3.
<br />MEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�NE) (0811) Page 5 of 15 Initi�
<br />� �
<br />,� �
<br />�
<br />Form 3028 1 /01
<br />, ���� " '
<br />
|