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<br />and assessments and other items wluch can attain priority over this Security Instrumeirt as a lien or encumbrance
<br />on the Properiy; (b) leasehold payments or ground rents on tl� Properiy, if any; (c) premiums for any and all
<br />ii�surance required by Lender under Section 5; and (d) Mortgage Insurance prerniums, if any, or any sums payable
<br />by Borrower to Lender in lieu of die payment of Mortgage Insurance premiums in accordance with the provisions
<br />of Secdon 10. These items are called "Escrow Items." At origination or at any time during die term of fl� Loan,
<br />Lender ma,y require d�at Comrnunity Association Dues, Fees, and A.ssessments, if any. be escrowed by Borrower,
<br />and such dues, fees and assessments sl�all be an Escrow Item. Borrower shall promptly furnish to Lender all
<br />notices of amounts to be paid under tlus Sec6on. Borrower shall pay Lender the Funds for Escrow Items unless
<br />Lender waives Borrower's obligation to pay die Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligadon to pay to Lender Funds for any or all Escrow Items at any 6me. A1ry such waiver may only be in
<br />wridng. In the event of such �vaiver, Borrower shall pay directly, when and where pa,yable, the amouNs due for
<br />any Escrow Items for wluch payment of Funds has been waived by Lender and, if Lender requires, shall furnish to
<br />Lender receipts evidencing such pa,yment within such time period as Le�er may require. Borrower's abligaUon
<br />to make such payments and to provide receipts shall for all purposes be deemed to be a covenant a�d agreement
<br />contained in tivs Security Instnunent, as the pluase "covenant and agreement" is used in Secfion 9. If Borrower
<br />is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay die a�utrt due for an
<br />Escrow Item, Lender may esercise its rigl�ts under Section 9 and pay such amourrt and Borrower shall then be
<br />obligated under Section 9 to repay to Lender any such amount. Lender may tevoke tl� waiver as to any or all
<br />Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocalioq Borrower
<br />sl�all pay to Lender all Funds, and in sucli amounts, tliat are then required wgier this Section 3.
<br />Lender may, at any time, 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 ma�imiun amount a lender can require
<br />under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable
<br />estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an insritution whose deposits are insured by a federal agency, instrumentality,
<br />or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under
<br />RESPA. Lender shall not cl�arge Borrower for holding and applying the Funds, annually amlyzing the escrow
<br />account, or verif,ying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable
<br />Law pennits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law
<br />requires interest to be paid on tl�e Funds, Lender shall not be required to pay Borrower any interest or earnings
<br />on the Funds. Borrower and Lender can agree in writing, however, tt�t interest shall be paid on the Funds.
<br />Lender shall give to Borrower, without charge, an annual accounting of the 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 eacess funds in accordance with RESPA. If there is a shortage of Funds l�ld in escrow, as defined under
<br />RESPA, Lender shall notify� Borrower as required by RESPA, and Borrower sl�all pay to Lender tl� amount
<br />necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments.
<br />If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender sl�all nodf,y Borrower as
<br />required by RESPA, and Bonower sl�all pay to Lender the amount necessary to make up the def'iciency in
<br />accordance with RESPA, but in no more than 12 monfl�ly payments.
<br />Upan payment in full of all sums secured by this Security Instrument, Lender shall promptl,y refund to
<br />Borrower an,y Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all ta�es, assessments, charges, fines, and impositions
<br />attributable to the Properiy wluch can attain priorit,y over tlus Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the
<br />e�tent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Born�wer shall promptly discharge any lien which has priority over tlus Security Instiumecrt unless Borrower:
<br />(a) agrees in writing to the payment of the obligation securtd by the lien in a manner acceptable to Lemler, but
<br />only so long as Borrower is perfonning such agreement: (b) contests the lien in good faidi by, or defends against
<br />enfo�ement of the lien in, legal proceedings wluch in Lender's opinion operate to pievent the er►fo�emetrt of the
<br />NEBRASkA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRl1iVIENT Form 30Z81/Ol
<br />NEBRASKA-MERS GreatDas'�
<br />ITEM 2698L5 (072811) (Page 5 of ?5)
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