|
201108353
<br />premiuYns, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accord2x►ce with the provisions of Section 10. These items are called "Escrow
<br />Item.s." At origination or at any tim,e during the term of the Loan, Lender may require that �'omma��it�'
<br />Association Dues, Fees, and Asse.4sments, if any, be escrowe� by Bonower, and such dues, fees a�
<br />assessments sliall be an EsGrow Item. Barrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lendet w�ives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrowes's
<br />obligation to pay to Lende� 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 �d whexe payable, the aunounts
<br />d�e far �y Escrow Items for which paymem of Funds has been waivefl by Lender and, if Lendex requirea,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may re�rire•
<br />Borrower' s obligation to make such payments and to provide receipts shall for all purposea be dceinod to
<br />be a cov�ant and agreement containe� in ttus Security Instrument, as the phrase "covenant and a�"
<br />is used in Saction 9. If Bonower is obligated to pay Escrow Items directly, pursuant to a waiv�er, ffi►d
<br />Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights undcr Section 9
<br />ax►d pay such atnount and Borrower shall then be obligated under Section 9 to repay to L�►de� a�y such
<br />amount. Lender may revoke the waiver as to any ar all Escrow Items at any time by a notice givca� in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, �d in
<br />such amounts, that are then required under ttris Section 3.
<br />Lender may, at any time, collect and hold Funds in an �nount (a) sufficient to permit Lender to �ply
<br />the Funds at the time specified under RESPA, and (b) not to eacceed the maximum an�owat a 1� can
<br />require under RESPA. Lender shall estimate the a�unt of Funds due on the basis of cittrent data �
<br />reasonable estimates of expenditures of firture Escrow Items or otherwise in a�cordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insitted by a federal agency,
<br />instrum�entality, or entity (including Lender, if Lender is an institution whose deposits aze so insured} ar in
<br />aoy Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no lat�' tban t}� time
<br />sp�ified under RESPA. Lender shall not ch�ge Borrower for holding and applying the Funds, armually
<br />analyzing the eserow account, or verifying the Escrow Items, unless Lender pays Borrower u►t�st on the
<br />Funds and Applicable Law permits Lender to make such a cha�rge. Unless an agreement is made in writmg
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Ba�rower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />sba11 be paid on the Runds. Lender shall give to Bonower, without charge, an annual accounting af the
<br />Funds as zequired by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, L�►der shall aoco�t to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shorttage of Funds held in escxow,
<br />as define� under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shaU �y to
<br />I.ender the aznount necessary to make up the shortage in accordance with RESPA, but in no more th� 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lende�r shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to I.ender the a�unt necessary to make
<br />up the deficiency in acxordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrum�t, Lender shall PromPtlY ra�d
<br />to Borrower any Funds held by I,ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, chazges, fines, and impositions
<br />attributable to the Properiy wluch can attain priority over this Security Inslrum�t, leasehold payu�ents cn'
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments if any. To
<br />the extent that these items aze Escrow Items, Borrower shall pay them in the manner provided in Sed►on 3.
<br />2200173107 D V6AN8
<br />NEBRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMBdT WRH MERS
<br />�-SA(Nq 1oe�o1 Pa9e 5 0� � 5 i�a�s: ,,�.R �.�,� Form 3028 1/01
<br />0
<br />
|