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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mo�tgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Itern. Borrower shall prornptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the �'unds for Escrow Items unless Lender waives
<br />$orrower's obligation to pay the Funds for any or all �scrow Items. I.ender may waive $orrower's
<br />obligation to pay to Lender Funds for any or all Escraw Items at any time. Any such waiver may only be
<br />in writing, In the event af 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 I,end�r and, if I.ender requires,
<br />shall furnish to L.ender receipts evidencing such payment within such time period as L.ender may require.
<br />Boxrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreeznent"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Iterns directly, pursuant to a waiver, and
<br />Borrower fails to pay the arnount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower sha11 then be obligated under Section 9 to arepay to Lender any such
<br />amount. I.,ender may arevoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 1S and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />L,ender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximurn amount a lender can
<br />require under RESPA. L,Qnder shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estirnates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />I'he Funds shall be hcld in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any F�d�ral Hozne I,oan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tirne
<br />specified under RESFA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless 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 and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Barrower, without charge, an annual accaunting of the
<br />Funds as required by RESPA.
<br />If there is a surplus af Funds held in escrow, as de�ned under RESPA, I,ender shall account to
<br />Borrower for the excess funds in accordance with RESFA. If there is a shortage of Funds held in escrow,
<br />as deflned under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />I.ender the a�nount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 rnonthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Bo�rrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and irnpositions
<br />attr�butable to the Property which can attain priority over this Security Instrurnent, leasehold payments or
<br />ground rents on tk►e Property, if any, and Community Association Dues, Pees, and Assessments, if any. To
<br />the extent that tb,ese items az�e Escrow Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />NEBRpSKA - Single F�mily - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-B�NE) 1o8i i I Page 5 of 15 Initlals Form 3028 9/01
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