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<br />premiums, if any, or any swrr►s payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accardanca 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, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an �scrow Item. Borrower shall promptly fiunish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Bortower'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 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 />shall fiunish ta Lender reccipts evidencing such pay�ment 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 covenant and agreement contained in this Secuzity Instivment, 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 />Sorrovver fails to pay the amount due for an Eacrow Item, Lender may exercise ita rights under Section 9
<br />and pay such arnount and Borrower shall then bc obligated under Section 9 to repay to Lender 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 Section 15 and, upon such revocation, Borrower shall pay to Lende�t all Funds, and in
<br />sueh 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 permit Lender to apply
<br />the Funds at the time specificd under RESPA, and (b) not to exceed the maxirnum amount a lender can
<br />require under RESPA. Leander shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of cxpenditures of future Escrow Items or otherwise in accardance with Applicable
<br />Law.
<br />The Funds shatl be held in an institution whose deposits are insured by a federal agency,
<br />instnunentality, or entity (including Lender, if Lender is an institution whose deposits are so insuted) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no late�r than the time
<br />specified under RE5PA. Lender shall not charge Sorrawer for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Bortower interest on the
<br />�'unds and Applieable 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, hawever, that interest
<br />shall be paid on the Funds. Lender shall give to Sorrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funda held in escrow, as de�ned under R:FSPA, Lender shall account to
<br />Borrower fur the excess funda in accordance with ILE�PA. If there is a shortage af Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Barrawer as required by RESPA, and Sorrower shall 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 thcre is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Bortower as required by RESPA, az�d Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no mare than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Iust�ument, Lender ahall promptly refuud
<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 attain priority over this Security Instrument, leasehold paymants or
<br />ground rents on the Property, if any, and Community Assaciation Dues, F'ecs, and Assessments, if any. Ta
<br />the extent that these iterns are I:scraw Items, Borrowex shall pay them in the maz�ner provided in 5ection 3.
<br />NEBRASKA- Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMEN7 l
<br />�-6(NE) �oa��� Page 5 of15 Initials: "� FAI'1n 3028 1/01
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