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201605441
<br /> "covenant and agreemenY' is used in Section 9. If Bottower 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 Bonower 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 witt�Section
<br /> 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that aze 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 maacimum amourt 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 chazge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br /> the Escrow Items, unless Lender pays Sorrower 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 interes[or eaznings on the Funds. Borzower 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 montlily payments. If there is a deficiency of
<br /> Funds held in escrow,as defined under RESPA, Lender shall notify Borrower as reqwred 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 secuted by this Security Instrument,Lender shall prompfly refund to Borrower
<br /> any Funds held by Lender.
<br /> 4. Charges;Liens. Borrower shall pay all taYes, assessments,charges,fines, and impositions attributable to
<br /> the Property which can attain prioriry over this Security Instrument, leasehold payments or gound rents on the
<br /> Properry, if any, and Community Association Dues, Fees, and Assessments, if any. To the eaRent that these i[ems
<br /> aze Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br /> Borrower shall promptly dischazge any lien which has priority over this Securiry Insuument unless Borrower:
<br /> (a)agrees in writing to the paymert of the obligation secured by the lien in a manner acceptable to Lender,but only
<br /> so long as Borcower 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 aze concluded; or(c)secures from the holder
<br /> of the lien an ageement satisfactory to Lender subordinating the lien to this Security Inshument. If Lender
<br /> determines that any pazt of ihe Property is subject to a lien which can attain priority over[his Security Instrument,
<br /> Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that norice 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 requ've Borrower to pay a one-time charge for a real estate tar verification and/or reporting service
<br /> used by Lender in connection with this Loan.
<br /> 5. Property Insurauce. Botrower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured against loss by fire, hazards included within the term"e�ctended coverage," and any other hazards
<br /> including but not IimiteA to, ear[hquakes 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 requ'ves. What Lender
<br /> requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing
<br /> the insurance shatl be chosen by Borrower subject to Lender's right to disapprove Borrower's choice,which right shatl
<br /> NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMFNT- MERS p���pppp�g
<br /> Form 3�28 1/Oi Page 5 of 75 www.docmagic.mm
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