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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section lU. These items are ca11�d "Escrow
<br />Items." At originativn ar at any tnne during the term of the Laan, Lender may require that Cornmunity
<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 a11 notices of axnounts to
<br />be paid under this Section. Borrower shall pay L�nder the Funds for Escrow ltems unless Lender waives
<br />Borrower's obligation tn 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 fpr any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />sha11 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 contained in chis Security Instxument, as the phrase "covenant and agreement"
<br />is used in Sectian 9. If Borrower is obligated to pay Escrpw 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 5ection 9
<br />and pay such axnount 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, Barrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this 5ection 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) suf�cient tp permit Lender to appiy
<br />the k'unds 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 �unds 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 �'unds 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 insurad) or in
<br />any Federal Home Loan Bank. Lender sha11 apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Punds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless an agreernent 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 Sorrawer, without charge, an annual accounting of the
<br />Funds as reyuired by RESFA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shorta�e of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower 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 there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrrower as required by RESPA, and Borrower sha11 pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payrnents.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Bprrower any Funds held by Lender.
<br />4. Charges; Liens. Barrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instnunent, leasehold payments or
<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 shall pay them in the manner prnvided in Section 3.
<br />� � 5 z3o96i
<br />NEBRASKA - Single Family - Fannie M ae/Freddie M ac UNIFORM INSTRUM ENT
<br />�-B'N�) (0811) Page5 af 15 in�uei5: Form 3028 1107
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