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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the paymenc of Mortgage
<br />Insurance premiums in aCCOrdance with the provisions af SeCtion lp. These items are called "Escrow
<br />Items." At origination or at any time during the term of tbe I.oan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrawer, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to I.ender all notices of amaunts 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 far any or all Escrow Items. Lender 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 the event of 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 Lender and, if Lender requires,
<br />shatl furnish to I,ender receipts evidencing such paym�nt within such time periad 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 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 for an Escrow Item, Lender may exercise its rights under Section 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 to any or all Escrow Iterns at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to L,�nder 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 amaunt (a) sufficient to permit 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. I.ender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of 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 />instrurnentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home L.oan Bank. I.ender shall apply the Funds to pay the Escraw Items na later than the tirne
<br />speci�ed under RESPA. Lender shall not charge Bonower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrvwer 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 ar 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 Bonower, 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 account to
<br />Borrower fpr the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under R�SPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />I.ender the amount necessary to make up the shortage in accordance with R�SPA, but in no more than 12
<br />monthly payments. If there is a de�ciency of Fnnds held in escrow, as defined under RESPA, Lender shall
<br />notify Bonower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the de�ciency in accordance with RESPA, but in no more than 12 montk�ly payments.
<br />Upon payment in full of all sums secured by this Security Instrwment, 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 Property which can attaan priority over this Security Instrument, leasehald payments ar
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessrnents, if any. To
<br />the extent that these items are Escrow Items, Borrower sha11 pay them in the manner provided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UIVIFORM INSTRUMEN7
<br />�-6(NE) loet t1 Page 5 of 1B iniciais: Form 3028 7/01
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