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<br />premiums, if any, or any sums payable by Boarrower to Lender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisions of Seccion 10. These items are called "Escrow
<br />Iterns. " At origination or at any time during the term of the Loan, I.,ender may require that Community
<br />Assaciation Dues, Fees, and Assessments, if any, 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 arnounts to
<br />be paid under tYus Section. Borrower shall pay Lender the �nds for Escrow Items unless I.ender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Itenns. I.ender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. In tt�e event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment af Funds has been waived by Lender and, if Lender 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 payments and to provide receipts shall for all purposes be deemed to
<br />be a cpvenant and agreement contained in this Security Instnun�ent, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligate� to pay Escrow Items dire�tly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due far an Escrow Item, I.ender may exercise its rights under Se�tion 9
<br />and pay such amount and Bonower shall then be obligated under Section 9 to repay to I.ender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Sectian 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 F�nds at the time spe�ified under RESPA, and (b) nat to exceed the rnaximum amount a lender can
<br />require under RESPA. r.ender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estirnates of expenuiitures of future Escrow Items or atherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held 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 Federal Home Loan Bank. L.e�nder shall apply the Funds to pay the Escrow Iterns no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escmw account, or verifying the �scrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law perrnits 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. Barrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. T ender shall give ta Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ined under RESPA, Lender shall account to
<br />Borrower far the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RFSPA, Lender shall notify Barrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />montlaly payxnents. If there is a de�iciency 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 monthly payments.
<br />Upon paynnent in full of all sums secured by this Security Instrument, I..ender shall pramptly refund
<br />to Barrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taaces, assessments, charges, fines, and irnpositions
<br />attributable to the Froperty which can attain priority over khis Security Instrument, leasehold payments or
<br />grpund rents an the Property, if any, and Community Association Dues, F�s, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borcower shall pay them in tt�e manner provided in Seetion 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENt n , ,\-
<br />�-6(NE) 1oe1t� Page 6 of 76 in�t+ais: �'V�c Form 3028 7/07
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