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20�10526�
<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 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, F�s, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Bonower shall promptly fumish 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 />Bonower'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 Fscrow 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 fiunish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Bonower's obligarion to make such paymettts and to provide receipts shall for all purposes be dcemed to
<br />be a covenant and agr�ment contained in this Security Instrument, as the phrase "covenant and agreeme�"
<br />is used in Section 9. If Bonower is obligated to pay Escrow Items dire�fly, pursuant to a waiver, and
<br />Bonower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under �ction 9
<br />and pay such amount and Bonower 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 norice given in
<br />accordance with S�rion 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Se,ction 3.
<br />Lender ma.y, 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 RFSPA, and (b) not to excced 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 ac.cordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits aze so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />sp�ified under RESPA. Lender shall not charge Borrower 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 agre,ement 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. Bonower 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 RFSPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Bonower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in e.scrow,
<br />as defined under RE5PA, Lender shall notify Borrower as required by RFSPA, and Bonower shall pay to
<br />I.ender the amount necessary to make up the shortage in accordance with RESPA, but in no more thau 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />norify Bonower as required by RFSPA, and Bonower shall pay to Lender the amount necessary to malce
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />U�n payment in full of all sums secured by this Security Tnctn,m�t, Lender shall promptly refund
<br />to Bonower any Funds held by Lender.
<br />4. Charges; Liens. Bonower shall pay all taxes, assessments, charges, fines, and imposirions
<br />attributable to the Property which can attain prioriry over this S�urity Instrument, 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 aze Escrow Items, Borrower shall pay them in the manner provided in S�tion 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) (0811) Page 5 of 15 Initials:
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<br />Form 3028 1l01
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