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�0110�94�
<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 5ection 10. These items are calle� "Escxow
<br />Items." At origination or at �y time d�mng the tezm of the Loan, Lender may require that Comnmmity
<br />Association Dues, Fees, and Assessmeuts, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Itevn. Borrower shall promptly fucnish to Lender a11 notices of amouutc to
<br />be paid under ttris Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender vvaives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower'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, Borrower shall pay directly, when and where payable, the amount5
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender r�es,
<br />shall fumish to Lender receipts 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 dcemad to
<br />be a covenant and agreement containerl in ttus Se�urity Instrument, as the phrase "covenant and agr�t"
<br />is used in Section 9. If Borrower is obligat� to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Iteno, Lender m$y exercise its rights under Seation 9
<br />and pay such a�nount and Borrower 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 notice given in
<br />accordance with Section 15 and, upan such revoc�tion, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficie� to permit Lender to apply
<br />the Funds at the time spec;ified under RESPA, and (b) not to exceed the maximum amount a lender c�n
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of cunent data and
<br />reasonable e.gdmates of expenditures of future Escrow Items or othe�wise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an insritution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insure�) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the F�scrow Items no later than the t�
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annuaily
<br />analyzing the escrow account, or verifying the Esarow Items, unless Lender pays Bonower interest on the
<br />Funds and Agplicable Law pezmits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be require,cl to pay Borrowe,r
<br />any interest or earnings on the Funds. Borrower and Lender can agre,e in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual acxounting of the
<br />Funds as require� by RESPA
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA If there is a shortage of Funds held in escrow,
<br />as define� under RESPA, Lender shall notify Bonower as re�uired 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 Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Bonower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more thau 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instr�ment, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Boaower shall pay all taxes, assessments, charges, fines, and impositions
<br />attn'butable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community A.ssociation Dues, Fces, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower s�all pay them in the manner provided in Section 3.
<br />2200196725 D V6AN8
<br />NEBRASKA - Single Family - Fannie Mae/Freddle Mac UNIFORM INSTRUMENT WRH MERS
<br />�-8A(N� loet o) PaOs 5 of 15 , Inttials: Form 3028 7/01
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