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20�008340
<br />premiums, if any, ar any sums payable by Borrower to L.ender in lieu of the payment of Mortgage
<br />Insurance premiuxns in accordance witl� the provisions of Section 1Q. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, I..ender may require that Cammunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borirower, 111� SUCtl �UES fses and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of ar�►ounts 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 L,�nder 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, Barrower shall pay directly, when and where payable, the amounts
<br />due for any �scrow 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 Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purpases be deemed to
<br />be a covenant and agreement cnntained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items direcCly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow ICem, 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 Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such arnounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amaunt (a) suf�cient 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. Lender shall estimate the amount of Punds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or othearwise 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 �'ederal Home Loan Bank. Lender shall apply the Funds to pay the Escraw ltems no later than the time
<br />specified under RESPA. Lender shall not chazge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless L.�nder pays Borrower interest on tb.�
<br />Funds and Applicable Law permits Lender to rnake such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the F�nds, 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 intearest
<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 of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Barrower for 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 requircd by RESPA, and Borrower shall pay to
<br />I.ender 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 RE5PA, Lender shall
<br />notify Borrower as required by R�SPA, and Borrower sha,il pay to L.ender the amaunt necessary to rnake
<br />up the de�ciency in accordance with R�SPA, but in no mare than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />tp Barrawer any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and irnpositions
<br />attributable to the Praperiy which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Praperty, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are �scrow Itenris, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie MoalPreddie Mac UNIFORM INS7RUMEN7
<br />�-6(N�) (0811) Pape 5 of 15 Initials: � Form 3028 1lO1
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