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� 201207541
<br /> may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes
<br /> be deemcd to be a covenant and agreement contained in this Security Instrument,as the phrase"covenant
<br /> and agreemenY' is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to
<br /> a waiver, and Borrower fails to pay the amounY due for an Escrow Item, I,ender may exercise its rights
<br /> under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to
<br /> Lender airv such amount. Lender may revoke[he 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 shal I pay to L.ender all
<br /> Funds, and in such amounts, that are then required under this Seetion 3.
<br /> L,ender may, at any time, collect and hold Funds in an amount(a)su�cient Yo permit Lender to apply
<br /> the Funds at the time specitied under RESPA, and (b) not to exceed the maximum amount a lender can
<br /> require under RESPA. Lender shall eslimate [he amount of Funds due on the basis of current data and
<br /> reasonable estimates of expenditures of future Escrow Items or otherwise in accordance wi[h Applicable
<br /> Law.
<br /> i'he Funds shall be held in an institution 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
<br /> Home Loan Bank Lender shall apply the Funds to pay the E'scrow 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 l,ender pays Borrower interest on the Funds
<br /> and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or
<br /> Applicable I,aw requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br /> any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br /> shall be paid on the Punds. Lender shall give to Bortower, 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 shal I account[o Borrower
<br /> for the excess funds in accordance with RESPA. Ifthere is a shortage of Funds held in escrow,as defined
<br /> under RESPA, Lender shall notify Borrower as reyuired by RESPA, and Borrower shall pay to Lender
<br /> the 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 RESI'A, Lender shall notify
<br /> Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up
<br /> tJie deficiency in accordance wiN� 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 [o
<br /> Borrower any Fwids held by Lender.
<br /> 4.Charges; Liens. Borrower shall pay aIl taxes,assessmenis,charges,fines,and impositions attributable
<br /> to the Property which can attain priority over this Security Instrument, leasehold payments or ground
<br /> rents on the Property, if any, and Community Association Dues, Fees,and Assessments, if any. To the
<br /> extent[hat these items are Escrow 1[ems, Borrower shall pay them in the manner provided in Section 3.
<br /> Dorrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br /> Borrowec(a)agrees in writing to the payment ofthe obligation secured by the lien in a manner acceptable
<br /> to Lender, but only so long as Borrower is performing such agreement;(b)conlests the lien in good faith
<br /> by, or defends against enforcemen[of the lien in, legal proceedings which in Lender's opinion operate
<br /> � //� � 13Dq29]001
<br /> NEBRASKASIngle Family-Fannie Mae/FredGie Mac UNIFORM INSTRUMENT L "��� form 30281101
<br /> �� � oa,,,
<br /> VJollers Kluwer Financial Services 2D1208299.ODIl4002-J20110628V Initials. Page 5 of 17
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