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<br />premiurns, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accor•dancc with the provisions of Section 10. These items are called "Escrow
<br />hems." At origination or al any Lime: during the term of the Loan, Lender may require that Community
<br />Association Dues, l~ec;s, and Asscssnrenls, if' any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be un Escrow Itanl- Borrower shall promptly furnish to Lender all notices of amounts to
<br />he paid under this Section- Borrower shall pay Lender the Fttnds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay nc~ 1'unc(s fi7t any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds ti~r• any at all Escrow Items at any time. Any such waiver may only be
<br />in writing. In the evanl of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due far any Escrow Items fin• v~hich payralent of Funds has been waived by Lender and, if Lender requires,
<br />shall fiirnish to Lender receipts cvidcncit.lg such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covcnauf: and ugrccra7Cnl contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Saatiur7 ~)- Tf Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay fhe amorml clue for an liserow Item, Lender may exercise its rights under Section 9
<br />and pay such arrun.lnt ..uui T3nrrower shall then he obligated under Section 9 to repay to Lender any such
<br />amount- Lender t:~7t.ry revoka LIIC waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance witlr Section 15 and, r.rpun such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that. ara Lban r-e;quired under this Section 3.
<br />Lender may, ui. any tiLne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Fttnds al. the time: specified under RI;SPA, and (b) not to exceed the maximum amount a lender can
<br />require under IZESPA. Lender shall cstirtrate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall he held in an institution whose deposits are insured by a federal agency,
<br />instrtunentulily, or c;nlity (including Lander, if Lender is an institution whose deposits are so insured) or in
<br />any Federal. I-Ionic Loan Bank- Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under R~Sf'A. Lender shall not charge Borrower for holding and applying the Funds, annual}y
<br />analyzing the escrow account, ur vcr•il~ying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable: Luw permits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to ha paid on the Funds, Lender shall not be requited to pay Borrower
<br />any interest or earnings on fhc~ funds- Borrower and Lender can agree in writing, however, that interest
<br />shall he paid on the funds. I_.c;nder shall give to Borrower, without charge, an annual accounting of the
<br />Funds as rC(.ILIIrCr.l 17y IZESPA.
<br />If there is .~. surplus of f~un<ls held in escrow, as defined under ItESPA, Lender shall account to
<br />Borrower for 1.1Le eXce;NS li.mc.is in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under R1;SPA, Lender shall. notify Borrower as requited by RESPA, and Borrower shall pay to
<br />Lender the amount nccassary to make up the shortage in accordance with RESPA, but in no mote than 12
<br />monthly payments- If there is a dc;liciency of 1"tlirds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required 17y 12T?tiT'A, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance. with RTSPA, but in no more than 12 monthly payments.
<br />iJpon payn7enl in tirll Irf all Burns secured by this Security Instnument, Lender shall promptly refiu~d
<br />to Borrower any Funds held by Lcndcr-
<br />4. (",barges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attrihutahle to Lhe Properly which can ati.ain priority over this SectuYty Instrument, leasehold payments or
<br />ground rents on 1.he Properly, if any, and (:ommunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that. tl ese iLCn.~s are I~scrow Itcrrrs, Harrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA- Single Family Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />-fi(NE)~oFS~~f Page5of15 inwais, Farm 3028 1/07
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