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<br /> "covenant and a�re�ment" is u��d u�.Sectian 9. If Borrnwer is o�ligated to pay Escrow��ems direct�y, pursuant to
<br /> a waiver,and�or�'awer fails ta pay the amount due for an Escrow Item, Lender may exercise its rights under Section
<br /> 9 and pay such amount a.n�Sorrower sha11 then be�bligated under Section 9 to repay ta Lender any such amount.
<br /> Lender may revoke the wa��er as tv aay or aIl Escrow�tem5 at any time by a notice g�ven in accordance with 5ection
<br /> 15 and,upon such re�ocation, Ban�wer shal�pay to Lender all Funds, a.ad in such amounts, that are th�n required
<br /> under this Section 3.
<br /> Lender may,at any time,collect aad hold Funds i.�an amount��}sufficient ta permuit Lender ta apply the Fund�
<br /> at the tirne specified under RESPA, and�b}not to exceed th�maximum amount a lend�r can require under RESPA.
<br /> Lender shall estimate the amount of Funds due on the ba.sis of current data and reasonable estimates�f expenditures
<br /> of future Escrow Items or otherwise in accarda.ace with App�icable Law.
<br /> The Funds shall b�held in an institution wh�se depasits are insured by a federal agency, i.n.st�-umentality, ar
<br /> �ntity tincluding Lender, if Lender is an instituti�n whose de�osits ar�so in�ured�ar i.n any F ederal Hume Loan
<br /> Bank. Lender shal�apply the Funds to pay the Es�row�tems no�ater than the ti.me specified under RE�PA, Lender
<br /> shall not charge�3orr�wer far holding and applying the Funds, annu�l�y analyzing the�scrow account, or��rifying
<br /> the Escrow Items, unless Lender pays Borrawer iwterest on the Funds and Applicable Law permits Lender to make
<br /> such a charge. Un�ess an agreement is made in writing ar Applicab�e Law reqtures interest to be paid an t1�e Funds,
<br /> Lender shall not he required to pay Borr�wer any inter�st�r earnixags on the Funds. �onower and Lender Gan agree
<br /> in writing, hflwever, that interest shall he paid on the Funds. Lender shall gi�e to Borrower, without charge, an
<br /> annual accauntin�of the Funds a�required by RESPA.
<br /> If there is a surplus❑f Funds held in escraw, as defined under RE SPA, Lender shall account ta Bonower far
<br /> the excess funds in a�cardance with T�t.ESPA. If there is a shortage of Funds held in escrow,as defined under RESPA,
<br /> Lender sha11 not�fy Borrower a,�requ.i.�'ed hy RESPA, and Barrawer sha11 pay to Lender th�amount necessary to make
<br /> up the shortage in a�Cordanc�w�th RESPA, but in no more than �2 manthly gaymen#s. If there is a def ciency of
<br /> Funds held in escrow,as defined under RESPA, Lender sha11 nutify Bonower as required by RESPA, �nd Borrower
<br /> sh�,ll pay ta Lender�.he arnount necessary to make up the deficiency in a�cordan�e with RESPA, but in no rnare than
<br /> 12 monthly paym�nts.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Barrower
<br /> any Funds held by Lender.
<br /> 4. Charge�;Liens. Borrower�hall pay all taxes,assessments,charges,fines, and impnsitiar�s attr�buta�le to
<br /> the Pr��rty which can attai.n priority a�er this Se�urity Instrument, leasehold payrnents vr grou�d rents on the
<br /> Property, if any, and�ammunity Association Dues, Fees, and Assessments, if any. To the extent th,at these items
<br /> are Escrow Items, Borrvwer shall pay them in the manner provided in 5ection 3.
<br /> Barrower shall promp#�y d.ischarge any iien which has prior�ty aver this Security Ins�rument unless Barrower:
<br /> �a�agrees�in writ�ing ta the gayment of the abligation secured hy th�lien in a manner acceptab�e ta Lender,but anly
<br /> so la�ng as Borr�wer is perfarming such agreement; (b} coatests the lien in goad faith by, or d�f�nds agai.nst
<br /> �nfarcement�f the lien in,legal procee:dings whiGh in Lender's opinian operate tv preve�.t the enforc�m�nt of the lien
<br /> while thase prac�dings are pendin�, but only until such proceedings are concluded; or(c}secures from the halder
<br /> of the iien an agreement satisfactory tv Lender su�ord�.aating the lien t4 this Security Instrument. �f Lender
<br /> determines that any part of the Property is subj e�t to a lien which�an attain priarity o�er#1us Security Instrument,
<br /> Lender may gi�e Bon�wer a not�ce�dentifying the lien. �ithi.n 1�days af the date on which that notice is given�
<br /> Borrawer shall satisfy�he l�en or take one vr mare af the activns set fvrth at�ve in this Srection 4.
<br /> Lender may reqwre Borrower to pay a one-time charge far a real estate tax�erif catian andlor reporti.ng ser�ice
<br /> used by Lender�n connection wi�h this Laan.
<br /> 5. Property Insuraace. �rrower shall k�ep the impra�ernents now existing or hereafter erected on the
<br /> Property in�ure�agai.n.st loss hy fire, hazards included within�he t�rm"extended co�erage," and any�ther ha�ards
<br /> ixrclud.ing, but not limited t�, earthquakes and floads, for which Lender requires insurance. This uisurance shall be
<br /> maintained i.n the amount,5 (inc�uding deductib�e le�els} and for the periads that Lender requires. �Vhat Lender
<br /> requires pursuant to th�preceding s�ntences can change during the term of the Loan. The insurance carrier pro�id.ing
<br /> t�ie in�urance shall be chosen by Borrower subj�ct to Lender's right to disappro�e Banvwer's choice,which right sha�l
<br /> NEBRASKAr-Siru�le Family—Fann�e AAa�IFr�eddie Mae UN�F[)F2M INSTRUMENT-MEF�S p�����
<br /> Fomn 30�8 11D� Page 5 of �5 www.docmagir.com
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