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201�0�387
<br />premiums, if any, or any sums payable by Bonower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items aze called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender ma.y 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. Bonower shall promptly furnish to I.euder all notices of amounts to
<br />be paid under this Se,ction. Borrower shall pay Lender the Funds for Eserow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow 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, 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 Lender requires,
<br />si�a11 furnish to I.ender receipts evidencing such payment within such time perioti 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 agr�ment 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 to a waiv�r, and
<br />Bonower fails to pay the amount due for att Escrow Item, Lender may exercise its rights under Secrion 9
<br />and pay such amount and Borrower shall then be obligatal under Section 9 to a�epay to L�ender azry such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notic� given in
<br />accordance with 5ection 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Se�rion 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exce�d 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 />ceasonable estimates of expenditures of future Escrow Items or otherwise in aceordance with Applicable
<br />Law.
<br />The Fvnds shall be he2d in an institution whose deposits aze insured by a federal agency,
<br />insirvmentality, or enrity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Fefleral Home Loan Bank. Lender shall apply the Funds to pay the Eserow Items no later than the time
<br />sp�ified under RES�A. Lender shall not charge Bonower 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 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 Borrower
<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 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 shail account to
<br />Bonower for the excess funds in accordance with RFSPA. If there is a shortage of Funds held in escrow,
<br />as define� under RESPA, Lender shaIl norify Bonower as require� by RFSPA, and Borrower sha11 pay to
<br />Lender the amount nec:essary to make up the shortage in accordance with RESPA, but in no more �han 12
<br />monthly payments. If there is a deficiency of Fnnds held in escrow, as defined under RESPA, Lender shall
<br />notify Bono�ver as required by RESPA, and �rrower shall pay to Lender the amount necessary to make
<br />up the deficiency in ar,cordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instnunent, L.ender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Bonower shall pay all taxes, assessments, charges, fines, and imgositions
<br />attributable to the Properiy which can attain priority over this 5ecurity Instrum�nt, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fces, and Assessments, if any. To
<br />the extent that these items are Fscrow Items, Bonower sha11 pay them in the manner provid� in Section 3.
<br />IYEBHASKA - Single Family - Fanni� MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-61NE) ros�i� Page 5 of 15 inhtais: Form 3028 7/01
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