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<br />prerniurns, if any, or any sums payable by Borrawer to L,ender in lieu of the payment of Mortgage
<br />Insurance premiums in accardance with the pravisions of Sectian lp, These iterns are called "Escrow
<br />Items." At origination or at any tirne during the terrn of the Loan, Lender rnay require that Community
<br />Assaciation Dues, Fees, and Assessments, if any, be escrawed by Borrower, and such dues, fees and
<br />assessrnents shall be an Escrow Itern. Borrower shall prpmptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borraw8r shall pay Lender the F'unds for Escrow Items unless Lender waives
<br />Borrower's obligation ta pay the Funds for any or all Escrow Items. L.ender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Item.s ac 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 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 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 rnay exercise its rights under Section 9
<br />and pay such amount and Borrovver shall then be obligated under Section 9 to repay to Lender any such
<br />arnount. Lender may revoke the waiver as to any or all Escraw Items at any time by a notice given in
<br />accordance wich Section 15 and, upon such revocation, Borrower shall pay to Lender 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 arnount (a) suf�cient to permit Lender to apply
<br />the Funds at the tirne specified under RESPA, and (b) not to exceed the rnaximum 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 estimates of expenditures of future Escrow Iterns or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whase deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if I.ender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply Che Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying tkae Funds, annually
<br />analyzing the escrow account, or verifying the Escrovv Items, unless Lender pays Borrower 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 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 of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrawer for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, I.ender shall notify Banrower as required by RESPA, and Barrawer shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESFA, but in no more than 12
<br />monthly payments. If there is a de�iciency of Funds held in escrow, as defined under RESPA, I,ender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the aznount necessary to make
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payrnent in full of all sums secured by this Security Instrument, Lender sha11 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 attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these iterns are Escrow Items, Borrower shall pay thern in the maiuier provided in Section 3,
<br />NEBRASKA - Singia Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT {�,�
<br />� -B�NE) �osit� Page 5 of 15 Initials:�` �l/I� Form 3028 1/09
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