|
201105850
<br />premiums, if any, or any sums payable by Bortower 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 originarion or at any time during the term of the I.oan, 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. Bonower 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 />Bonower's obligarion 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 Escrow Items at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Bonower shall pay dir�tly, 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 rec;eipts 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 Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items dir�tly, pursuant to a waiver, and
<br />Borrower fa.ils to pay the amount due for an Eserow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Bonower shall then be obligate� under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Fscrow 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 require� under this Section 3.
<br />Lender may, at any time, coll�t 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. 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 accordance with Applicable
<br />Law.
<br />The Funds shall be held in an insritution whose deposits aze insured by a federal agency,
<br />instnimentality, 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 Escrow Items no later than the time
<br />specified under RFSPA. Lender shall not charge Bonower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Bonower interest on the
<br />�unds and Applicable Law permits Lender to make such a chazge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Bonower and I.euder can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Bonower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a suxplus of Funds held in escrow, as defined under RFSPA, Lender shall account to
<br />Bonower for the excess funds in acxordance with RFSPA. If there is a shortage of Funds held in e.scrow,
<br />as defined untler RESPA, i�ender shall notify Borrower as required by RES�A, and Borrower sha11 pay to
<br />L�nder the amount n�essary to make up the shortage in accordance with RE5PA, 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 RE5PA, and Bonower 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 all sums secured by this Security Insttvment, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Bonower shall pay all taxes, assessments, chazges, fines, and impositions
<br />attributable to the Property which can attain priority over this S�urity Instn�ment, leasehold payments or
<br />ground rents on the Properiy, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Bonower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UIVIFORM INSTRUMENT
<br />�-6�NE) loai �t Page 5 of 15 inhiais: Form 3028 1/01
<br />�
<br />, �
<br />, �
<br />G���°
<br />
|