|
�0�1�54�9
<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 callefl "Escrow
<br />Items." At origination ar at any time during the term of the Loan, Lender may re�uire that Community
<br />Association Dues, Fee.s, and Assessments, if any, be escrowed by Bonower, and such dues, fees and
<br />assessments shall be an Escrow Item Borrower shall promptly furnish to Lender all notices of amo�mts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for F,scrow Items unless Lender waives
<br />Borrower' s obligation to pay the Funds for any or all Escrow Items. I.ender may waive Borrower' s
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver ma.y only be
<br />in writing. In the event of such waiver, Boirower shall pay directly, when and where payable, the a�nounts
<br />due for any Escrow Items for wluch payment of Funds has been waive� by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower' s obligation to make such payments and to provide receipts sha11 for a11 purposes be deemed to
<br />be a covenant and agreement containe� in this Se�urity Instrument, as the phtase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Bonower fails to pay the amount due for an F.scrow Item, Lender may exercise its rights under Section 9
<br />and pay such aznount and Borrower shall then be obligat� 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 />acc�rdance with Section 15 and, upon such revocation, Bonower sha11 pay to Lender all Funds, and in
<br />such amounts, that are then required under this Secrion 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 spei;ified under RESPA, and (b) nat to exce,ed the meximum aznount a lender can
<br />require under RE5PA Lender shall estimate the amount of Funds due on the basis of current daxa and
<br />reasonable estinnates of ea�endit�u�es of future F.scrow Items or otherwise in accordance with Applic�ble
<br />Law.
<br />The Funds shall ba 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 are so insurec� or in
<br />any Federal Home Loan Bank. Lmder s�iall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall not charge Bonower for holding and applying the Funds, annually
<br />analyzing the eserow acc;ount, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pemnits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable I.aw raquires interest to be paid on the Funds, Lender shall not be required to pay Brnrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, howev�, that inte�est
<br />shall be paid on the Funds. I.ender 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 sball account to
<br />Borrower for the axcess fuads in accordance with RESPA If there is a shortage of Funds held in eserow,
<br />as defined under RESPA, Lender shall notify Borrower as require� by RESPA, and Bonower sha11 pay to
<br />I.ender the amount necessazy to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a deficieacy of Fimds held in egcrow, as defined under RESPA, I,ender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in acxordance with RESPA, but in no more than 12 monthly payments.
<br />UP� P$Yment in full of all sums secured by this Security Instrument, Lender shall PromPtlY refund
<br />to Borrower any Funds held by Lender.
<br />4. Charge.s; I.iens. Bonower shall pay a11 taxes, assessments, charges, fines, and impositions
<br />attn'butable to the Properiy which can attain priority over this Security Inslrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if m�y. To
<br />the elctent that th�se items are Escrow Items, Borrower shall pay them in the manner provided in Se�tion 3.
<br />2200142286 D V6�1NE
<br />NEHRASKA - Single Family - Fannl� Mae/Fr�iddle Mac UNIFORM INSTRUMENT WITH ME'RS
<br />�-8A(NEa loetol Page 6 M 16 i��� Form 3028 1/01
<br />�
<br />
|