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201103�85
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Martgage
<br />Insurance premiums in act:ordance with the provisions of Se�tion 10. These items are c�lled "F.scrow
<br />Items." At origination or at any time during the te�m 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 sball be an Escmw Item. Barrower shall promptly fumish to Lender all notices of amounta to
<br />be paid under this Section. Borrower shall pay Lender the Fimds for Escrow Items unless Lender waives
<br />Boaower' s obligation to pay the Funds for any or all Escrow Itenos. Lender may waive Boaower' 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 a�nounts
<br />due far any Escrow Items for which payment of Funds has been waive�i by Lender and, if Lender requires,
<br />sl�all furnish to Lender receipts evidencing such payment within such time periad as Lender may reqtrire.
<br />Borrower' s obligation to make such payments and to provide r�eipts shall for all purp�ses 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 Bortower 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 right9 under Se�tion 9
<br />and pay such amount �d Borrower sl�all then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to aay ar all Escrow Items at any time by a notice given in
<br />accordance with S�tion 15 and, upon such revocation, Bonower shall pay to Lender all Funds, and in
<br />such aznounts, that are then requir� under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amouut (a) sufficie�t to permit Lender to apply
<br />the Funds at tha time specified under RESPA, and (b) not to exc�d the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of cunent data and
<br />reasonable estinoates of expenditures of futwre Escrow Items or otherwise in a«brdance with Applic�ble
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />in��*►_,enxAt;ty, or entity (including Le�der, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Banl� Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA Lender shall nat charge Borrower for holding and applying the Fimds, a�nnually
<br />analyzing the escrow acxount, or verifying the Escrow Items, unless Lender pays Borrower inter�t on the
<br />F�mds and Applicable Law permits Ler►der to make such a charge. Unless an agreement is made in writin$
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Boaower
<br />any interest or earnings on the Fw�ds. Borrower and Lender can agr� in writing, however, that inte�st
<br />shall be paid on the Funds. I.ender sha11 give to Borrower, without charge, an annual accounting of the
<br />Fur►ds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall acxount to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as definad under RESPA., Lender shall notify Boirower as required by RESPA, and Bonower 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 paymmts. If there is a deficimcy of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, aY►d Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of a11 sums sect�red by this S�urity Instrumar�t, Lender shall PromptlY refund
<br />to Bonower any Funds held by Lender.
<br />4. Charges; I.iens. Borrower shall pay all taxes, assessments, chazges, fin�, and im�sitions
<br />attdbutable to the Properiy which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Properiy, if any, and Community Association Dues, Fee�, and Assessments, if any To
<br />the elctent that these items are Eserow Items, Bonower shall pay them in the manner provided in Section 3.
<br />2200132068 D v6�xE
<br />NESRASKA - Singie Family - Fannle MaeJFreddle Mac UNIFORM INSTRUMENT WIT MER,S '�/�
<br />��A(NE� loa�o) PaOe 6 of 16 inw • NU' C Form 3028 1/01
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