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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of tlie payment of Mortgage
<br />Insurance premiums in accardance with the provisions of Section 1 �. These items are called "Escrow
<br />Ttems." At origination pr at any time during the term of the Loan, Lender zn.ay 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 Escrow Item. Borrower shall promptly furnish to Lender all notices of arnounts 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 may waive Borrower' s
<br />obligation to pay to Lender Funds for any or all Escrow ltems at any time. Any such waiver may only be
<br />in writing. ln the evex►t of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Iterns for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as �ender may require.
<br />Borrower' s obligation to rnake such payments and to provide receipts shall for all purpases 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 Itert�s 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 Itenns at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay ta Lender all Funds, and in
<br />such amounts, that are then required under this SecCion 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient ta permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximurn amount a lender can
<br />reyuire under RESPA. Lender shal] estinnate the amount of Funds due on the basis of current data and
<br />reasonable estiznates of expenditures of future Escrow Ttems or otherwise in accordance with Applicable
<br />Law.
<br />The Punds 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) vr in
<br />any Federal Home I.oan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tizne
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, ar verifying the Escrow Items, unles5 Lender pays Borrower interast an 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 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 account ta
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escraw,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shail pay to
<br />Lender the amount necessary to make 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 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 payxnent in full of a11 sums secured by this Security Instrument, Lender shall promptly refund
<br />to Sorrower any Funds held by Lender.
<br />4. Charges; Liens. Barrawer shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. '�'o
<br />the extent that these items are Escrow Items, Borrower shall pay thexn in the manner provided in Section 3.
<br />230948
<br />NE6RASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-B�NE) �osii� Page5 of 15 mitia�s: Form 3028 1/07
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