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<br />premiums, if any, or any swns payable by Borrower to Lender in lieu of the payrnent of Mortgage
<br />Tnsurance premiums in accordance with thc prc�visians of Section 10. These iterns are called "Escrow
<br />Items." At origination or at any time during the texm of the Loan, Lender may r�uire that Community
<br />Association Dues, �'ees, and Assessments, if any, be escrowed by Borrowex, and such dues, fces and
<br />assessments shall be an Escrow ite�m. Horrower shall promptly furnish to Lender all notices of amounta to
<br />be paid under this Section. Borrower shall pay Lendex the Funds for Escrow Items unless Lender waives
<br />Borrower' s obligation to pay the Funds for any oar all Escrow Items. Lender xnay waive Borrow�r' s
<br />obligation to pay to Lender Funds for any or a1l Escrow Items at any tim�. Any such waiver rnay only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />duc for any Escruw Itenas for which payment of Funds has been waived by Lender and, if Lender rer�uires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower' s obligation ta makc such payments and to provide receipts shall for all putposea be dee�ned to
<br />be a cnvenant and agreement contained i;n this Security Instrument, as the phrase "covenant and agreement"
<br />is used in 5ection 9. If Borrower is obligated to pay Escirow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such �nount and Borrower shall then be obligate� under Section 9 to repay to Lender any such
<br />amount. Lender rnay revake the waiver as to any or all Escrow Iterns at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Horrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an arnoutrt (a) sufF'icient to permit Lender to apply
<br />the Funds at the time speci�ied under RESPA, and (b) not to exceecl the ma,ximum amount a lender can
<br />require under R�?SPA. Lender shall estimate the amount of Funds due on the basis of curren,t data and
<br />reasonable estimates of expenditures of future Escrow Items ar otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agea�cy,
<br />instrumentality, or entity (including Lend�r, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Sank. Lender shall apply th� Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall nat charge Sonower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Ttems, 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 Barrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that intcrest
<br />shall be paid on the Funds. L�nder shall give ta Borrower, without chazge, an annual accaunting of the
<br />Funds as re�uired by RESPA.
<br />If there is a surplus of Funds held in escrow, as dafined under RESPA, Lender ahall account to
<br />Borrower for the excess �Funds in accordance with RESPA If there is a shartages of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Horrower as required by RESPA, and Horrower shall pay to
<br />Lender the amount necessary to rnake up the shortage in accorciance with RESPA, but in no mare than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as deCtned under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Sorrower shall pay to Lender the amount necessary to make
<br />up the defiiciency in accordance vvith RESPA, but in na more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Insirument, Lender shall promptly refund
<br />to Borrower any Funds held by I,ender.
<br />4. Charges; Lfens. Borrower shall pay all taxes, assessments, charges, fines, and irnpositions
<br />attributable to the Property which ca�n attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Cornrnunity Associatian Dues, Fces, and Assessments, if a�y. To
<br />the extent that these ite7ms are Escrow Items, Sorrawer shall pay them in the manner provided in ,Saction 3.
<br />2200076996 n VfiANE
<br />NEBRASKA - Single Family - Fannle Mae/Freddie Mac UNIFORM INSTRUMFJdT WITH ERS
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