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<br />prerniums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<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, �ees, and Assessnnents, if any, be escrowed by Borrower, and such dues, fees and
<br />assessrnents shall be an Escrow Item. Borrower shall promptly fumish to Lender all noCices of amounts to
<br />be paid under this Sectian. Borrower shall pay L.ender the Funds for Escrow Items unless I,ender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. I..end�r may waive Borrower's
<br />obligation to pay to Lender Funds for any or atl Escrow Iterns at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due far any Escrow Itexns for which payment of �unds has been waived by Lender and, if Lender requires,
<br />shail furnish to Lender receipts evidencing such payment within such time period as Len�der may r�quire.
<br />Borrower's obligation to malce such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenanc and agreement contained in this Se�urity Instrument, as the phrase "covenant and agreernent"
<br />is used in Section 9. If Borrower is obligate� to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fai.ls to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligatecl under Section 9 to repay to I.ender any such
<br />amount. J..ender may revoke the waiver as to any or all Escrow Items at any time by a natice given in
<br />accordance with Section 15 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 />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to pernut Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. Lender shal.l estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise ian accardance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whase deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institutian whose deposits are so insured) ar in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Iterns no later than the time
<br />sp�cified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless L.ender pays Borrower interest on the
<br />Funds and Applicable Law pernuts Lender to make such a charge. Unless an agreernent is made in writing
<br />or Applicable Law requires interest to be paid on the F�nds, L,ender 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 Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus af Funds held in escrow, as defined under RESPA, Lender shall accaunt to
<br />Banrower for the excess funds in accordance with RESPA. If there is a shortage of �nds held in escrow,
<br />as defined under RE5PA, I,ender shall notify Borrower as require� by RESPA, and Borrower shall pay to
<br />�.ender the amount necessary to malce 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 de�ined under RESPA, Lender shall
<br />notify Borrower as require� by RESPA, and Borcower st�all pay ta Lender the arnount necessary to make
<br />up the deficiency in accordance with R�SPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all ta�res, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrunnent, leasehold payrnents or
<br />ground rexAts on the Property, if any, and Cornrnunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shatl pay them in the inanner provided in Section 3.
<br />NEBRASKA - Single Family - Fannia MaelFreddie Mac UNIFORM INSTRUMEMT
<br />�-6(NE) lost t1 Pege 6 of 16 mnisis:��' Form 3028 1/07
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