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<br /> "covenant and agreemenC' is uscd in Section 9. If Rorrower is obligated to pay Escruw Items direcNy, pursuant to
<br /> a waiver, and Borrowcr fails to pay the amount due for an Escrow Item, Lender may cxcrcise its rights under Section
<br /> 9 a�d pay such amouut and Borrower shall then be obligated under Secfion 9 to mpay to Lender any such amount.
<br /> Lender may revokc thc waivcx as to any or all Escrnw Items al any time by a noticc givcn in accordance with Section
<br /> IS and, upon such revocatioq Borrower shall pay to Lender all Funds, and in such amounts, lha[are[hen required
<br /> under this Scction 3.
<br /> Lender may,at any time, collect and hold Funds in an amount(a)sufficient tu permit Lender to apply the Funds
<br /> at�he time specificd uoder RESPA, and(b)not to exceed 6he ma�cimum amount n Icnder can require under RBSPA.
<br /> Lender shall estimale the amount of Fuods due on the basis of current data and reasonable estimates of expenditums
<br /> of future Escrow Items or otherwise in accocdancro with Applicablc Law.
<br /> The Funds shall be held i� an insLitution whose dcposits are insured by a federal agency, instrumentalily, or
<br /> entity (induding Lendet, if Lender is an institulion whose deposils are so insured) or in any Falc7al Home Loan
<br /> Bank. Lender shall apply the Funds to pay the flscmw ltems no later than the time speciiiul under RESPA. Lender
<br /> shnll not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br /> the Escrow Ilems, unless Lcnder pays Borrower interest on the Funds and Applicable Law permit,s Lender to makc
<br /> such a charge. Unless an agrccmcnt is made in writing or Applicable Law rcquires i�terest to be paid on thc Funds,
<br /> Lender shall not bc reyuired to pay 6orrower any interest or earnings on thc Funds. Borrower and Lender cxn agrcc
<br /> in writing, huwcver, that interest shall be paid on the Funds. Lender shall givc lo E3orrower, without chnrgc, an
<br /> annual acwunling of lhc Funds as required hy RESPA.
<br /> lf there is a surplus of Funds hcld in cscrow, as defined undcr RESPA, Lender shall account to Borrower for
<br /> the excess funds in aceordance with RESPA. If thcre is x shorlage of Funds held in escrow, as dciined under RESPA,
<br /> Lender shal l notify Borrower as required by RL;SPA, and Borrower shall pay to Lender thc amount necessary to make
<br /> up the shortage i� accordance witl� RESPA, but in no more than 12 monthly payments. If lhere is a deficiency of
<br /> Funds held in escrow,as defined under RESPA, Lender shall notify Borrower as rcyuircd by RGSYA, and Borrower
<br /> shall pay to Lender the amount necessary to make up the deficiency in aceordance with RESPA, but in no more than
<br /> 12 mon[hly payments.
<br /> .Upon pnymcn[in full of all sums sewred by this Security Instrumcnt, Lcnder shall promptly refund to Borrower
<br /> a�y Funds held by Lender.
<br /> 4. Charges; Liens. Borrower shxll pny all[�uces,asscssmcn[s,charges, fines, and impositions allributable to
<br /> the ProperTy which can atlain piiority ovcr this Sacurity Instrumcnl, leasehold payments or gmund reuls on die
<br /> Property, if a�y, and Community Assoe:iatiun Dues, Fees, and Asscssments, if any. To the extent that I.hese items
<br /> are�scrow Ilems, Borrower shall pay thc.nn in thc manner providcd in Seclion 3.
<br /> Borrower shall promptly discharge any lien which has priurity over this Security Ins[rumcnl unless 6orrower:
<br /> (a)agrees in writing to the payment of the oblig�tion socurcd by the lien in a manner acceptnblc lu Lender, but only
<br /> so long as Borrower is performing such aereemenh, (b) contests the lien in good faith by, or defends against
<br /> cnForccment of the lien in, legal proceedings which in Lender's opinion operxtc[o prevent the enforcement of[hc licn
<br /> while lhosc procecdings are pending but only until such proceedings arc conduded; or(c) secures from lhc hulder
<br /> of the lien an agreement satisfactory .to Lender subordinating thc licu lo this Security Instrument. If Lender
<br /> de[ermines that any part of the Property is subject to a lien which can attain priority mer this Securi�y Instrument,
<br /> Lender may give Borrower a notice ide�tifying the lien. W ithin 10 days of the datc un which lhat notice is giveq
<br /> Borrower shall satisfy the lien or take one or more of the actions set fortb above in this Section 4.
<br /> Lender may require f3orrower to pay a one-time chargc lor a real estate tax veritication and/or reporting service
<br /> used by Lender in connec[ion wilh this Loan.
<br /> 5. Property Insurance. Borrower shall keep the improvements now existing or hereaRer erected on the
<br /> Property insured against loss by fire, hazards included within the term "extended covcrnge," and any other hazards
<br /> including, hul nnt limited to, ear[hquakes and floods, for which I,ender reyuires insurance. This insurance shall be
<br /> . maintxincd in the amoun[s (including deductible levels) and for the periods lhat Lender requires.� Whal Lender
<br /> requires pursuanl to Lhe preceding scntc�ces can chnngc during thc lerm oPthe Loan. The insurancc caxrier providing
<br /> [he insurance shall be chosen by Borrower subjecl W Lcndcr's righ�to disapprove Borrowei schoice,which right shall
<br /> NEBRASKA—Sirgle Family—Fannie Mae/Fretltlie Mac UNIFORM INSTRUMENT- MERS po�Nyg/��„�
<br /> Fortn 3028 1/�1 Page 5 of 15 - www.docmagiccom
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