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2� 17� 1775
<br /> provide receipts shall for aII purposes be deemed to be a covenant and agreement contained in this Security
<br /> Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrovver is obligated to pay
<br /> Es crovv Items d i rectl y, pursuant to a vv ai ver, and B orrovver fai I s to p ay the amount due for an Es crovv �tem,
<br /> Lender may exercise its rights under Section 9 and pay such amount and Borrovver shall then be obligated
<br /> under Section 9 to repay to Lender any such amount. Lender may revoke the vvaiver as to any or aII Escrovv
<br /> Items at any time by a notice given in accordance vvith Section 15 and, upon such revocation, Borrovver shall
<br /> pay to Lender aII Funds,and in such amounts,that are then required under this Section 3.
<br /> Lender may, at any time, collect and hold Funds xn an amount �a} suffxcient to permit Lender to apply the
<br /> Funds at the time specified under RESPA, and �b} not ta exceed the maximum amount a lender can requxre
<br /> under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable
<br /> estimates of expendxtures of future Escrovv Items or otherwise in ac�ordan�e vvith Applxcable Law.
<br /> The Funds shall be held in an institution vvhose deposits are insured by a federal agen�y, instrumentality,
<br /> o� entity �including Lender, if Lender is an institution vvhose deposits a�e so insured} or in any Federal Home
<br /> Loan Bank. Lende� shall apply the Funds to pay the Escrovv Items no Iater than the time spe�if�ed under
<br /> RESPA. Lender shal� not charge Borrovver for holding and app�ying the Funds, annua��y analyzing the escrovv
<br /> account, or verifying the Escrovv Items, unless Lender pays Borrovver interest on the Funds and App�icable
<br /> Lavv permxts Lender to make such a charge. Iln�ess an agreement is made in vvriting or Applicable Lavv
<br /> requires interest to be paid on the Funds, Lender sha�� not be required to pay Borrovver any interest or
<br /> earnings on the Funds. Borrovver and Lender can agree in vvriting, hovvever, that interest sha�l be paid on the
<br /> Funds. Lender shall give to Bo��ovver, vvithout charge, an annua� a��ountxng of the Funds as required by
<br /> RESPA.
<br /> �f there is a surp�us of Funds held xn escrovv, as defined under RE5 PA, Lender shal� account to B orrov�er
<br /> for the excess funds in ac�ordance vvxth RESPA. If there xs a shortage of Funds held xn escrovv, as def�ned
<br /> under RESPA, Lender shall notify Borrovver as required by RESPA, and Borrovver shall pay to Lender the
<br /> amount necessary to make up the shortage in accordance vvith RESPA, but in no more than �2 month�y
<br /> payments. If there is a def��ien�y of Funds held in escrovv, as def�ned under RESPA, Lender sha�� notify
<br /> Borrovver as requxred by RESPA, and Borrovver sha�� pay to Lender the amount necessary to make up the
<br /> deficien�y xn acco�dance vvith RESPA,but in no more than 1�month�y payments.
<br /> Upon payment in fu�I of aII sums secured by this Security Znstrument, Lender shall prompt�y refund to
<br /> Bo��ovve�any Funds held by Lender.
<br /> 4. Charges; Liens. Borrovver sha�� pay a�� taxes, assessments, chargesy f�nes, and impositxons attributable
<br /> to the Property vvhich can attain priority over this Security Instrument, �easehold payments or bround rents on
<br /> the Proper�y, if any, and �ommunity Association ]�ues, Fees, and Assessments, if any. To the extent that
<br /> these xtems are Escrovv Ztems,Borrovver shal�pay them xn the manner provided in Section 3.
<br /> Borrovver shall promptly discharge any �ien vvhxch has priority over this Security Instrument unless
<br /> Borrower: �a} agrees xn vvrxtxng to the payment of the ob�igation secured by the Iien in a manner acceptable to
<br /> Lender, but only so long as Borrovver is performing such agreement; �b} contests the lien in good faith by, or
<br /> defends against enfor�ement of the lien in, �ega� proceedinbs vvhich in Lender's opinion operate to prevent the
<br /> enforcement of the lien vvhile those proceedings are pending, but only until such proceedings are concluded; or
<br /> ��} secures from the holder of the lxen an agreement satxsfactory to Lender subordinating the �xen to this
<br /> Security Znstrument. Zf Lender determines �hat any part of the Property is subject to a lien vvhich can attain
<br /> priority over this Security Instrument, Lender may give Borrovver a notice identifying the �ien. Wi�hin 1�
<br /> days of the date on vvhich that notice is given, Borrovver shall satisfy the lien or take one or more of the
<br /> actions se�forth above in this Sec�ion 4.
<br /> Lender may require Borrovver to pay a one-time charge for a rea� estate tax verif�cation andlor �eporting
<br /> service used by Lende�in connection vvith this Loan.
<br /> 5. Property Insuran�e. Borrovver shall keep the improvements novv existing or hereafter erec�ed on �he
<br /> Proper�y insured against loss by fire, hazards included v�ithin the term "ex�ended coverage," and any o�her
<br /> hazards IriC�LIC�Irig, but not limited to, earthquakes and floods, for vvhich Lender requires insurance. This
<br /> insurance shall be maintained in the amounts �including deductible Ievels} and for �he periods �ha� Lender
<br /> r�quir�s. 'L�Vhat L�nd�r r�quir�s pursuant ta th� pr�c�ding s�nt�nc�s can chang� during th� t�rm af the Loan.
<br /> The insu�ance car�ie� p�oviding the insuran�e sha�� be chosen by Borrovve� subject to L�nd��'s �ight �o
<br /> disapprove Borrovver's choice, vvhich �ight shall not be exe�cised unreasonably. Lender may require Sorrovver
<br /> to pay, in connection vvith this Loan, either: �a} a one-time charge for flood zone de�ermina�ion, certif�cation
<br /> and tracking services; or �b} a one-time charge for flood zone determina�ion and certifica�ion services and
<br /> NEBRASKA-Single Family -FannieMaelFreddieMac UNiF�RM iNSTRUMENT
<br /> Farm 3�28'�I�'� ,
<br /> Laser Fvrms]nc.(8��}446-3555
<br /> LFI#FNMA3�28 91�� �'�ge�n.f 1-� lnlflalS:' �
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