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20�10517�
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the L,oan, Lender ma.y require that Community
<br />Association Daes, Fees, and Assessmeats, if any, be escrowed by Borrower, and such dues, fees anci
<br />assessments shall be an Escrow Item. Boirower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Bonower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for auy or all Escrow Items. Lender may waive Brnrower's
<br />obligation to pay to Lender Fuads for any or all Escrow Items at any time. Any �uch waiver may only be
<br />ia writing. In the event of such waiver, Brnrower 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 witl�in such time pericsd as Lender may require.
<br />Barrower's obligaxion to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covena�rt and agreement cuntained 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, pwsuant to a waiver, and
<br />Bonower fails to gay the amount due for an Escrow Item, Lender may exercise its rights under Seation 9
<br />and pay such amount a�nd Brnrower ahall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or a11 Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Bonower shall pay to Lender all Funds, and in
<br />such amounts, that are then required uuder this Section 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 exceed the maximum amount a lender can
<br />require under RESPA. I,�nder shall estimate the amount of Fwnds due on the basis of current data and
<br />reasonable estimates of expenditures of futwre Escrow Items or othenvise ia accordance �vith Applicable
<br />Law.
<br />T6e Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />insttumentality, or entity (including Leader, 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 Escrow Itema no later than the time
<br />specified uader RESPA. Lender ahall not charge Borrower for holding and applying the Fuads, annually
<br />analyzing tlie escrow account, or verifying the Escrow Items, unless Lender pays Borrower intereat 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 inteteat to be paid on the Funds, Lender shall not be requued 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 Borrower, without charge, an annual acc�uming 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 />Barrower for the excess funds in accordance with RESPA. If there is a shortage of Fwuis held in escrow,
<br />as defined under RESPA, Lender shall notify Bonower as required by RESPA, and Borrower 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 payments. If there is a deficiency of Fnnds held in escrow, as defiaed under RESPA, L�ader shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amawrt necessary to make
<br />up the deficiency in accurdance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instroment, Lender shall promptly refand
<br />to Borrower any Funds held by Lsnder.
<br />4. Charges; Liens. Brnrower shaU gay all taxes, assessments, charges, fines, and impositions
<br />amibutable to the Property which can attain priority over this Security Iastrument, leasehold payments ar
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent tl�at these items are Escrow Items, BrnrowEr shall pay diem in the manner provided in Section 3.
<br />NEBRASKA- Single Famlly - FannieMae/FreddieMac UNIFORM INSTRUMENT WRH M
<br />�-6A(N� ���o� Pege b of 96 u,n�: ,� Form 3028 1/A1
<br />��I � UI I Ia �� � � �I��' II� W �
<br />qQ3���506 �33 92 1 0515
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