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" 201207624
<br /> DOC ID �: OOQ24376C67008012
<br /> 3. Funds for Escrow Items.Borrower shall pay-to Lender on the day Pcricxlic Payinencs are due under the
<br /> �ote, until the Nnre is paid in full, a sum (the "Funds") lu pravide for payment af amounts due for: (a)
<br /> taxes and assessmeats and other items which can attain prinrity over this Security Instrument as a lieii or
<br /> encumbrance on thc Property; (b)leasehnld payments or ground rents on[he Pmperty,if an_y;{c)premioms
<br /> for any ancl al] insurance required 6y Lender under Section 5; and (d) Mortgage Insurance premiums, if'
<br /> any,or any sums payable by Borrower to Lendcr in lieu uf ihe payment of Martgage Insurance premiums
<br /> in accordance with the provisions uf 5ection 10.These items are called"'Escrow Items."At origination or al
<br /> any tirne duriiig t��e tcrm of the Loan, Lender may require that Community Assucialion Dues,Fees, and
<br /> Assessments,if any, be escrpwed by Borrower,and such dues, fees and assessments shall be an Escrotiv
<br /> Item. Borcower shall prompily furnish to Lender all nntiees of amounts to he paid under this Sectio�t.
<br /> Borrov��cr shall pay I.ender the Funds for Escrow Items unless Lender waives Borrower's obligatinn tn pay
<br /> the Funds for any or all�scrow Items.F,ender may waive Borrower's nhli�ation lo pa,y to Lender Funds for
<br /> any or all Escm�v Items at any time.nny si�ch w�aiver may only be in a�riting.In the event of such wait�cr,
<br /> t3orro4ver shall pa��direcdy,when and where payable, the amounts due for any F�crnw Itenis for which
<br /> paymert of Funds has been ur•aired by Lender and, if Lender reyuu•es, shall furnish to Lender re�eipts
<br /> evide�icing such payment wit�iin such time period as Lender maJ�require.Borrower's obligation to makc
<br /> such payments and to provide receipts shall fnr all purposes be deemed to 6e a c.ovenant and agreemenl
<br /> contained in rhis Securit�� Instn�ment, as the phrase "covenant and agreemenE" is use[1 in Section 9. If
<br /> Borrowee is obligated to pay Escrow Items directlJ�, pursuan[to a waiver,and Borrnwer fails to pay llie
<br /> amount due for an Escrow Tiem,Lender may exercise its rights under Section 9 and pay snc�unount and
<br /> Borrotver shall lhen be ol�ligated under Section 9 to repay to Lcndcr any such amou�it.Lender maV revoke
<br /> the�vaiver as lo any or all Escrow ltems al ac�y time by a notice given in accordance with Sectiott 15 and,
<br /> upon such revocalion,$nrrower sha11 pay to Lender all Funds,and in sach amounts,that are then required
<br /> under this Sectian 3_
<br /> Lender may,at any time, collect at�d hold Funds in an amounl(a)sufficient to permit Lender to apply the
<br /> Funds at thc lime specified un�er RESPA,and(b}not to exceed the maximum amount a lcndcr can req«irP
<br /> under RESPA.Lender shaA estimate the amount of Funds due an the basis of curr?ni data and reasonable
<br /> estirnates of expendiWres of future Escrow Items or ulherwi5e in accordance widi Applica6le Law.
<br /> The Funds shal]be held in an instilution whose deposits are insured by a federal agency,instrumentality,or
<br /> entity(including Lender,if Lender is an institution whose deposits are sn insured}nr in an}�Federal Home
<br /> Loan Bank. Lender shall apply the Funds tn pay the Escrow Items na later than the time specified under
<br /> RFSP.R. i.enrlPr shall not charge Borrower for holding and applying the Funds, anntu�lly analyzing the
<br /> escrow account, or�erifying the Escrow Items,unless Lender pays Bn�rower interest on [he Funds and
<br /> Applicable Law permits Lender lu make su�h a charge. Unless an agreement is made in writing or
<br /> Applicable Law requires interest to be paid on the Funds,Lender shall not be rcquircd lo pay$orrower any
<br /> interest nr ezrnin�s on the Funds.Sorrower and Lender can agree in writiog,hot�=ever,lhat interest sha116e
<br /> paid on the Funds. Lender shall give to Borrower,without charge,an annual accnuntin�of the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow,as defined under RESP/1, Lender shall account ta Bnrroiver
<br /> tbr thc cxccss funds in accordance with RESPA.If there is a shortage of Funds held in escrow,as dcfincd
<br /> under RESPA,Lender shal]no#ify Sorrower as required hy RESPA,and Boaower shall pay ro Lcnder the
<br /> amounl necessary to make up the shurtage iii accordance�n�ith RESFA,but in no more than 12 inonthly
<br /> payments.If there is a deficicncy of Funds held in escrow,as definec�under RESPA,Lender shall nolify
<br /> Borro�vcr as requirrd hy RESPA,and Borrower shall pay to Lender the amount necessary ta make up the
<br /> deficiency in accordance with RESPA,bul in iio more than 12 monthly paymenls.
<br /> Upan payment in full of all sun�s secured by this Securiiy Instrument, Lender shall prompt3y refund to
<br /> Borrorver any Punds held by Lender.
<br /> 4. Charges, Liens. Borro�ver shall pay all taxes,assessmen€s,charges,Fnes,and imposifions altri6utable to
<br /> the Prnperty which can atlain priority over this Security Inslrument,leasehold payments or ground ren�s on
<br /> the Property, if any,and Community�.ssociation Ducs,Fecs,and Assessments,iF any.To lhe extent[hat
<br /> thcsc ite�x�s are F.s�a nw Ilems,Borrower shail pay them in the manner pro�ided in Section 3.
<br /> Borrower shall promptly discharge an}� lieu whi�l� has priority over this Securi►y Instrument unless
<br /> Borro�ver: (a)agrees in wril�g to the payment oF the obligation secured by the lien In a manner acceplable
<br /> tn Lender,but only so long as Bnrrower is performing such agreemenl; (b}coi�tests the lien in good faith
<br /> by,or defends against enforcement of the lien in,�ega1 proceedings wh�ch in Lender's opinivn uperate to
<br /> prevent the enCorcemem of the lien while thnse proceedings are pending,but only until such proceedings
<br /> are eoncluded;or(c}secures from the holder of the lien an agreement satisfaclo�y to Lia�der suhordinaring
<br /> the lien to this Security Instrument.If Lendcr dctcrniincs thal hny parl nf the Property is subject to a lien
<br /> w�hic}i cau attain priurily over ihis Security Instrun�ent,Lender may give Sorrower a notice identifying the
<br /> lien.��'ithin lfl days of thc date on�vhich that notice is gi�en,Borrower shall satisfy t�ie lien or take one or
<br /> more of the actions set farth above u�lhis 5ecliu�i 4.
<br /> NEBRASKA--Single Farrci4y--Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1101
<br /> �eed of Trust-NE
<br /> 200&-NE{77l11J Page 4 of 12
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