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2 011Q3673
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insura.nce premiums in accorda.nce 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 pzompfly furnish to Lender all notices of amounts to
<br />be paid under this Section. $orrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower'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 direcfly, 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 Insirument, as the phrase "covena.nt and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow 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 time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and iu
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at atry tinae, 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 exceed the maxim.um amount a lender can
<br />require under RFSPA. Lender shall estimate the amount of Funds due on the basis of current da.ta and
<br />reasonable estima.tes of expenditures of future Escrow Items or otherwise in accordance with Applica.ble
<br />I,aw.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instivmentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Fscrow Items no later than the time
<br />specif'ied under RF.SPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying tb.e Escmw Items, unless I.�nder pays Borrower interest on the
<br />Funds and Applica.ble Law permits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable L.aw requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or eaznings on the Funds. Borrower and Lender can agree in writing, however, tha.t 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 shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RFSPA, I.ender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to ma.ke 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 defined under RESPA, Lender shall
<br />notify Borrower as required by RFSPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RF.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 prompdy refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impasitions
<br />attributable to the Property wluch can atfain prioriiy over this 5ecurity Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the ertent that these items are Escrow Items, Borrower shall pay them in the mannsrprovided in SectioII 3,
<br />NEBRASKA - Single Family - Fannie Mae/Freddle Mac UNIFORM INSTRUMENT ���
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