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<br />premiums, if any, or any sums payable by Barrower to Lender in lieu of the payment of Martgage
<br />Insurance premiums in accordance with the provisions af 5ection 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Laan, 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 �scrow Item. Borrower shall proanptly furnish to Lendez' a11 natices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower' s obligation to pay the Funds for any or all Escrow Items. Lender rnay waive Borrower' s
<br />obligation to pay to Lender Funds for any or a11 Escrow Icems at any tixne. 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 for any Escrow Items far which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payament within such tune peariod as Lender may require.
<br />Borrower' s obligacion to make such payments and to provide r�ceipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covenant 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 £or an Escrow Item, Lender zn,ay exercise its rights uzader Sectipn 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as ta any or all Escrow items at any time by a notice �iven in
<br />accordaance 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 Sectian 3.
<br />Lender 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 maximutn amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable astimates of expenditures af future Escrow Items or otherwise 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 whase deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than tl�e time
<br />speci�ed under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Iterns, unless Lender pays Barrower interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless ar� 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. I.,ender shall give to Borrower, withnut charge, an annual accountin� of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall accaunt to
<br />Borrower for the excess funds in accordancs with RESPA. If there is a slaortage of Funds held in escrow,
<br />as de�ned under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shartage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency af �unds held in escrow, as defined undar KESPA, 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 payrnents.
<br />Upon payment in fu11 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 taxes, assessments, charges, fines, and impositions
<br />attributable to the Properiy which can actain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Associatian Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />230929
<br />NEBRASKA - Single Family - Fannie M aelFreddie M ac IINIFpRM INSTRUM EN1" �
<br />�-s�N�) (0811) PagaS of 15 Initia : � Form 3028 1101
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