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<br /> "covenant 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 under Section
<br /> 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount.
<br /> Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section
<br /> 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br /> under this Section 3.
<br /> Lender may, at any time, collect and hold Funds in an amount(a)sufficient to permit Lender to apply the Funds
<br /> at the time specified under RESPA, and(b)not to exceed the maximum amount a lender can require under RESPA.
<br /> Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br /> of future Escrow Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br /> entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
<br /> Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<br /> shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br /> the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br /> such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br /> Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree
<br /> in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an
<br /> 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 for
<br /> the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br /> Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br /> up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of
<br /> Funds held in escrow,as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br /> shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than
<br /> 12 monthly payments.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br /> any Funds held by Lender.
<br /> 4. Charges;Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br /> the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the
<br /> Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items
<br /> 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 Borrower:
<br /> (a)agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,but only
<br /> so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against
<br /> enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien
<br /> while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder
<br /> of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br /> determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br /> Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br /> Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4.
<br /> Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service
<br /> used by Lender in connection with this Loan.
<br /> 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured against loss by fire, hazards included within the term"extended coverage," and any other hazards
<br /> including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be
<br /> maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br /> requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing
<br /> the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice,which right shall
<br /> NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS DoeMagic eiregaie
<br /> Form 3028 1/01 Page 5 of 15 www.docmagic.com
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