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<br />premiums, if ar>,y, or any sums payable by B[rrmwer to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section I0. These items are called "F~cmw
<br />Items." At origination or at arty time during the term of We Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if arty, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender ttre Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any tirrre. Any such waiver may ody be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender acrd, if Leader requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payrrierrts and m provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security hlstrlrmerrt, a5 the phrase "COVerrant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Itiscrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to I.erxler any such
<br />amount. Lender may revoke the waiver ~ W any or all Isscrow Itemm at any time by a notice given in
<br />acwrdarxe with Section 15 and, upon such revocation, Bon~+nwer shall pay to Lender all Funds, and in
<br />such arrrourrts, that are then required urxk:r this Section 3.
<br />Lerxler may, at any time, collect and hold Funds in an amount (a) sufficient io pennii Lender to apply
<br />the Funds al the time specified artier RHSYA, acrd (b) not to exceed the maximum amount a Ierxlcr can
<br />require under RFSPA. Lender shall estimate the amount of Funds due on the basis of cumenl data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accor+darrce wish Applicable
<br />I.aw.
<br />The Funds shall be held in an insNiution wh[tse deposits are insured by a federal agency,
<br />imtrumentality, or entity (including i.ender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home i.oan Bank. bender shall apply the Funds to pay the E54roW Rents n0 later than the time
<br />specified under RFSPA. Lender shall not charge Borrower [or holding and applying the Funds, annually
<br />analyzing the escrow account, or verifyir~ the Escrow Items, unless [.ender pays Borrower interest on the
<br />Funds and Applicable Law permits Lerxler to make such a charge. iJnless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower acrd Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RFSPA.
<br />If there is a surplus of Funds held in escrow, as defined under RFSPA, Lender shall account to
<br />Borrower for fire excess funds in accordance with RFSPA. Tf there is a shortage of Funds held in escrow,
<br />as defined under RFSPA, Lender shall notify Borrower as required by RFSPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RFSPA, but in no more than 12
<br />monthly payments. U there is a deficiency of Funds held in escrow, as defined under RFSPA, Lender shall
<br />notify Borrower as required by RESYA, and Borrower shall pay to Lender fire amount necessary to make
<br />up the deficiency in accordance with RFSPA, but in no more than 12 monthly payments.
<br />Upon payment in Full of all sum secured by this Security Instrument, Lender shall promptly refund
<br />t[- Borrower any Funds held by I.errder.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable t[r the Pn-perty which can attain priority over this Security Instrument, leasehold paynierrts or
<br />grouts rents on the Property, if any, and Community Association Dues, Fees, an[1 Assessments, if any. '1'0
<br />the extent that these items are l;:scrow Items, Borrower shall pay Wem in the nrruux~r pnrvided in Sectian 3.
<br />!~/~ CiiiMorigage 3.2.23.04 VS
<br />NEBRASKA -Single Family - Fannie Mee/Freddle Mac UNIFORM INSTRUMENT
<br />-6(N~ losir~ ~ s ~r 15 irnws:~~ Form 3828 1/01
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