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<br />LOAN �: 6398754
<br />waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such
<br />waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where
<br />payable, the amounts duefor any Escrow Itemsforwhich payment of Funds has been waived by Lender
<br />and, 'rf Lender requires, shall furnish to Lender receipts evidencing such payment within such time
<br />period as Lender may require. Borrower's obligation to make such payments and to provide receipts
<br />shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument,
<br />as the phrase "covenant and agreemenY' is used in Section 9. If Borrower is obligated to pay Escrow
<br />Items directly, pursuant to awaiver, and Borrowerfails to pay the amount due for an Escrow Item, Lender
<br />may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated
<br />under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all
<br />Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation,
<br />BoROwer shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount {a) sufficientto permit Lender to apply
<br />the Funds at the time specfied under RESPA, and (b) not to exceed the ma�umum 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
<br />Applicable 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 are so insured) or
<br />in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than
<br />the time specfied under RESPA. Lender shall not charge Borrowerfor holding and applying the Funds,
<br />annually analyzing the escrow account, or ver'rfying the Escrow Items, unless Lender pays Borrower
<br />interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement
<br />is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be
<br />required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in
<br />writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge,
<br />an annual accounting of the Funds as required by RESPA.
<br />Ifthere is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower
<br />for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined
<br />under RESPA, Lender shall notify BoROwer as required by RESPA, and Borrower shall pay to Lender the
<br />amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly
<br />payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notiiy
<br />Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />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 Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Uens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments
<br />or ground rents on the Property, 'rf any, and Community Association Dues, Fees, and Assessments, 'rf
<br />any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided
<br />in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner
<br />acceptable to Lender, but only so long as Borrower is pertorming such agreement; (b) contests the lien
<br />in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's
<br />opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only
<br />until such proceedings are concluded; or (c) secures from the holder of the lien an agreement
<br />satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />part ofthe Property is subjectto a lien which can attain priority overthis Security Instrument, Lender may
<br />give Borrower a notice identitying the lien. Within 10 days of the date on which that notice is given,
<br />Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verfication and/or
<br />reporting senrice used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected
<br />on the Property insured against loss by fire, hazards included within the term "extended coverage," and
<br />any other hazards including, but not limited to, earthquakes and floods, for which Lender requires
<br />insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the
<br />periods that Lender requires. What Lender requires pursuant to the preceding sentences can change
<br />during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised
<br />unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time
<br />charge for flood zone determination, certfication and tracking senrices; or (b) a one-time charge for
<br />flood zone determination and certification services and subsequent charges each time remappings or
<br />similarchangesoccurwhichreasonablymightaffectsuchdeterminafionorcertfication. Borrowershallalso
<br />be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in
<br />connection with the review of any flood zone determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance
<br />coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any
<br />particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might
<br />not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk,
<br />hazard or liability and might provide greater or lesser coverage than was previously in effe orr
<br />Initials:
<br />NEBRASKA—Single Famfly—Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 30281/01
<br />Online Documents, Inc. P�g@ 4 Of 10 NEUDEED 1108
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