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<br />requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender
<br />may require. B orrower's obligation to ma.ke such payments and to provide receipts shall for all purposes
<br />be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant
<br />and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to
<br />a waiver, a.nd Bonower fails to pay the amount due for an Escrow Item, Lender may exercise its righls
<br />under Section 9 and pay such amount and Borrower shall then be obligated under 5ection 9 to repay to
<br />Lender any such amoun� Lender may revoke the waiver as to any or all Escrow Items at any time by a
<br />notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all
<br />Funds, a.nd in such amounts, that are then required under this Section 3.
<br />Lender may, at any tune, collect 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 institution whose deposits are insured by a federal agency, insttumentality,
<br />or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal
<br />Home Loan Ba.nk. Lender shall apply the Funds to pay the Escrow Items no later than the time specified
<br />under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing
<br />the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds
<br />and Applicable Law permits Lender to make such a chaxge. Unless an agreement is made in writing or
<br />Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Bonower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender 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 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 RE5PA, Lender shall notify Bonower as required by RE5PA, and Borrower shall pay to Lender
<br />the amount necessary to make up the shortage in accordauce 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 notify
<br />Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up
<br />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 Securiiy Inshument, Lender shall promptly refund to
<br />Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions atiributable
<br />to the Property which can attain priority over this Security Instrument, leasehold payments or ground
<br />rents on the Properly, if any, and Community Association Dues, Fees, and Assessments, if any. To the
<br />extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />B orrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender, but only so long as B orrower is performing such agreement; (b) contests the lien in good faith
<br />HCFG-00359
<br />NEBRASKASingie Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot
<br />VMP@ 08/11
<br />WoRers Kluwer Financial Services 201201184.0.0.0.4002-J20110824Y Paga 5 oi 16
<br />' 560 6'
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