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<br />200706393
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<br />Loan No: 070711007
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<br />Data ID: 271
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<br />3. Funds till' Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due
<br />under the Note, until the Note is paid in fuIl, a sum (the "Funds") to provide for payment of ,lillounts
<br />due for: (a) taxes and assessments and other items which can attain priority over this Security
<br />Instrument as a lien Or encumbrance on the Property; (b) leasehold payments or ground rents on the
<br />Property, if any; (c) premiums for any and aU insurance required by Lender under Section 5; and
<br />(d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the
<br />payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items
<br />are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may
<br />require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and
<br />such dues, fees aod assessments shaH be an Eserow Item. Borrower shall promptly furnish to Lender
<br />all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow
<br />Hems unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Itcms.
<br />Lender may wllive Borrower's obligation to pay to Lender Funds for any or aH Escrow Items at any
<br />time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly,
<br />when lInd where pllyable, the amounts doc for any Escrow Items for which payment of Fonds has been
<br />waived by Lender lind, if Lender re<juires, shaIl furnish to Lender receipts evidencing soeh payment
<br />within such time period as Lender may require. Borrower's obligation to make such payments and to
<br />provide receipts sllllll for aH purposes be dccmed to be a covenant and agreement contained in this
<br />Security Instrument, liS the phrase "covenant and agreement" is used in Section 9. If Borrower is
<br />obligatcd to pay Escrow Items directly, pursuant to a waiver, ,lild Borrower fails to pay the amount due
<br />for lIn Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower
<br />shall then be obligated under Section" to repay to Lender any such lImount. Lender may revoke the
<br />waiver as to any or all Escrow !tems at any time by a notice given in accordance with Section 15 and,
<br />upon such revocation, Borrower shllH pay to Lender all Funds, and in such amounts, that arc then
<br />required under this Section 3.
<br />Lender may, at any time, collect lInd hold Funds in an amount (a) sufficient to permit Lender
<br />to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount
<br />a lender can re<juire under RESP A. Lender shaH estimate thc amount of Funds due on the basis of
<br />current data lInd rCllsonable estimates of expenditures of future Escrow Items or otherwise in
<br />accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agenL)',
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits arc so insured)
<br />or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later
<br />than the time specified under RESP A. Lcnder shall not charge Borrower for holding and applying the
<br />Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
<br />Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless
<br />an agreement is mllde in writing or Applicahle Law requires interest to be paid on the Funds, Lcnder
<br />shaH not be re<juired to pay Borrower lIny interest or earnings on the Fund~. Borrower and Lender
<br />can agree in writing, however, that interest shall be p,lid on the Funds. Lender shall give to Borrower,
<br />without charge, an annual accounting of the Funds as re<juired by RESPA.
<br />If there is II surplus of Funds held in escrow, as detined under RESP A, Lender shall account to
<br />Borrower for the excess funds in accordance with RESP A. If there is a shortage of Funds held in
<br />escrow, as defined under RESPA, Lender shllll notify Borrower as re<juired by RESPA, and Borrower
<br />shall PllY to Lender the amount necessary to make up the shortage in accordance with RESP A, but in
<br />no more than 12 monthly payments. If there is a defieienL)' of Funds held in escrow, as defined under
<br />RESPA, Lender shall notify Borrower as re<juired by RESPA, and Borrower shall pay to Lendcr the
<br />amount neccssary to make up the deficienL)' in accordance with R ESP A, but in no more than 12
<br />monthly paymcnts.
<br />Upon payment in full of all sums secured by this Sccurity Instrument, Lender shall promptly
<br />rcfund to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property whieh can atlain priority ovcr this Security Instrument, leasehold payments
<br />or ground renls on the Propcrty, if any, and Community Association Dues, Fees, and A~sessments, if
<br />any. To the extenl lhat these items are Escrow Items, Borrower shall pay them in the manner provided
<br />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
<br />acceptable to Lendcr, but only so long as Borrower is performing such agreement; (b) contests thc lien
<br />in good faith by, or defends against enforcement of the lien in, legal proccedings which in Lender's
<br />opinion operate to prevent thc enforcement of the lien while lhose proceedings arc pending, but only
<br />unlil such proceedings me concluded; or (c) secures from the holder of the lien an agreement
<br />satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines lhat any
<br />part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender
<br />may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is
<br />given, Borrower shall satisfy the lien or take One or more of the actions sct forth above in this
<br />Section 4.
<br />Lender may require: Borrower to pay a one-time charge for a real estate t,ll{ verification and/or
<br />reporling scrviee used by Lender in connection with this Loan.
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<br />NEBRASKA. Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
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<br />P+0070711 007+9407+04+11 +NECNVADT
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