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<br /> may require.Borrower's obligation to make 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, and Borrower fails to pay the amount due for an Escrow Item, Lender 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 any such amount.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, and in such amounts,that are then required under 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 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, 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 Escrow Items no later than the time specified
<br /> under RF,SPA.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 charge. 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 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 Funds. Lender shall give to Borrower,without charge,an annual accounting of the
<br /> Funds as required by RESPA.
<br /> Ifthere 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.Ifthere is a shortage of Funds held in escrow,as defined
<br /> under RESPA, Lender shall notify Borrower as required 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 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 Security Instrument,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 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 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 /> Borrower:(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 Borrower is performing such agreement;(b)contests the lien in good faith
<br /> by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate
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<br /> NEBRASKA-Single Famry-Femme Mae/Freddie Mac UNIFORM INSTRUMENT ,Room 3028 1/01
<br /> VMPR d�7 03/11
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