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201008447
<br />premiums, if any, or any stuns payable by Hormwer w L.endcr in li� of the payment of Mortgage
<br />Insuranca prs�miums in accordance with thc provisiona of S�tion 10. These items are calle� "Escraw
<br />Items." At origination ar at any time during the term of the r.oan, I.ender may t�equire that Communiry
<br />Association Dues, �ees, and Asse�sments, if any, 6c e,scmwed by Borrovver, and such dues, fees a�,d
<br />assessments shall be an fiscrow It�n. Borrower shall prom�dy fumish to �er all �otiaes of amounts to
<br />be paid under this Section. Borrower shall pay I.ender the Funds for Escrow Items unless I.ender waives
<br />Horrower's obligation to pay the Funds for any or all Escrow Iterns. L,ender rnay waive Honrow�r's
<br />obligarion to pay ta L.ender Funds for any or all L�scrow Ytems at any time. Any such wai�rer may pnly be
<br />in wriring. In the event of such waiv�r, Borrower shall pay directly, when anci where payable, the amaunts
<br />due for aay E�crow Items for which pay;ment of Funda has been waived by Lender and, if Lender require.s,
<br />ahall fumish to I.ender receipts �videncing suc� pay�t wit�n such time period as I.e�der tt�y require.
<br />Borrower's oblrgarion to malce such payments and to pmvide r�eipts ahall for a11 purposes be deemed to
<br />be a cnveaant arui agreement containe� in this Security Tnstrument, as the phrasc "covenant and agreem�ent"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Xtems directly, pursuant to a wai�ver, and
<br />Borrower fails to pay the arnount due for an Es�row Item, I.ender rnay exerciae its nighta under Sectian 9
<br />and pay such amount and Sorrower shall then be abligate� under S�ction 9 to repay ta I.ender any such
<br />amount. Lextder may revake the waiver as to any or all Escrow Itema at any time by a notice given in
<br />accordance with Section 13 and, upon such revocation, Borrower shall pay W Lender all Funds, an�d iin
<br />such ar�umts, tbat are then requir�d wader this Section 3.
<br />I.e�der may, at any tirne, collect and hold Funds in an amount (a) suf�cient to permit I.eader ta apply
<br />the Funds at the rime specified under RESFA, and (b) not w exoeed the ndax'rmum annount a lendcr can
<br />require under RESPA. L,ender shall e�tinnate the a�nount of l�undg due om the basis of cirnrent daca and
<br />reasanable estimates of expenditures of future F,.acrow Iterns or otherw�ise in a�coordance with Applicable
<br />Law.
<br />The Funds shall be I�ld in an institution whose deposits are insured by a federal agency,
<br />instr�mentality, or entity (incltrding Lst�der, if Lender is an instihuion whose deposits are so insured) or in
<br />any �e�eral Home l.oan Bank. L,ender shall apply the Funds to pay the Escrow Items no later than the ti�e
<br />specified under RE5PA. Lst�der shall nat charge Borrower for holding and applying the �unds, annually
<br />analyzin$ t� escrow accaunt, or verifying tb,e Escrow Items, uciles� I.ender pays �orrovver interest on the
<br />Ftiutds and Applicable Law permits L�r to rnake s�h a charge. Unless an agree�rr�ent is made in writing
<br />or Applicable Law z�equix� inte�rest to be paid ott tt�e Funds, I.ender shall not be required to pay Borrower
<br />any intezest or earnings on t�:e Funds. Horrawer a�d Lender can agree in writing, however, that interest
<br />shall be paid on th� Funds. I.exider shall give to Borrower. �vithout cbarge. an annual accaunting af the
<br />Funds as requi�ed by RESPA.
<br />If th�ne is a siuplus of �unds held in escrow, as defu�ed under RESPA, L.ender shall account W
<br />Sor;rower for the e� funds in accorda�ce with RFSPA. If there is a shortage oF Funds held in escmw,
<br />as defrned under RESPA, Lender shall nntify Borrower as require� by RFSPA, and Horrower shall pay to
<br />�.�eatder the amaunt nec:e�sary to nnak�e up t� stwrtage in accordance wit� RFSPA, but in no more than 12
<br />�nthly payments. If th�ne is a deficiemcy of Fux�da held in e�crow, as defined under RESPA, i.ender shall
<br />�tify Borrower as required by RESPA, and Hornower shall pay to L�ender the sunaunt necessaiy to m�ke
<br />up the deficiency in a�ccordancc with RESPA. but in no �re than 12 monthlY P�Y�ts.
<br />Upcm payment in full of all suins secured by this Security Instrument, L�ender shall promptly refund
<br />to Horrower atiy Funds held by L,e�ider.
<br />4. Cha�ge�; I.i�. Borrow�r shall pay all taxes, ase�a�ts, charges, �, and impositions
<br />attribut�able to thc Prnperty whic7� caa attain priority over thia Security Insmam�ent, leaschold paym�ts nr
<br />ground rents on the Property, if any, and Commwuty Association Dues, Fees, �d Assessu�ents, if any. To
<br />the extent that these iteass are Sscrow ltenss, Barrnwer shall pay tl�n in the manAer provided in Saction 3.
<br />NEBRASICA - Sinpla Family - F� Mes/FnddM M� UNIFOqM IN87RUMENT
<br />�i -6(NE) roa„� r,q. s or �e i�rdsi.: F'orm 3028 1/01
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