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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of th� payrnenC of Martga�e
<br />Insuarance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />It�ms." At origination or at any time during the term of the Loan, Lender may require that Cornrnunity
<br />Assaciation Dues, �'ees, 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 I.�nd�r all notices of arnounts to
<br />bs paid under this Section. Borrower shall pay Lender the Funds Por �scrow It�ms unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. I�c;nd�r may waive BUrrower's
<br />Ubligation to pay to Lender Nunds for any or all �scrow Ttems at any time. Any such waiver may c�nly be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payabl�, thc amounts
<br />due for any Escrow Itenls for which payment of Funds has been waived by IJender and, if I.endcr requires,
<br />shall fumish to T.ender receipts evid�ncing such paym�nt within such time periad as Lsnder may require.
<br />Bonower's obligation ta mak� snch paym�nts and Ca pravide r�c�ipCs shall far all purposes be deem�d to
<br />be a covenant and agrc�mt;nt eontained in this Security Instrument, as the phrase "covenant and agreennent"
<br />is used in Section 9. If Ba�rz�awcr is abligated ta pay �scarow Iterus directly, pursuant to a waiver, and
<br />Bonower fails to pay the amaunt due for an �scraw Item, Lendear may �xercise its rights under Sectian 9
<br />and pay such amount and Barraw�r shall th�n b� abligated undcr Section 9 ta repay ta I,ender any such
<br />amount. Lender may revc�ke thc waiver as ta any or all �scrnw Items at any time by a natic� given in
<br />accordance with Sectic�n 15 and, upon such r�vocation, Borrawer shall pay to Lender all Funds, and in
<br />such amounts, that are then rc;quired under this 5ection 3.
<br />Lander may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />tht; Funds at th� time specified under RE5PA, and (b) not to exceed the maximum amount a lender can
<br />reyuir� under RESFA. L.ender shall estimate the amount of Punds due on the basis of current data and
<br />reaspnable estimates of expenditures of future �,scrow Items or otherwise in accordance with Applicable
<br />Lar�v.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instnxmentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. T.ender shall apply the Funds to pay the Escrow Ttems no later than the time
<br />specified under RESPA. T.ender shall not charge Sorrower for holding and applyin,g the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable I.aw permits U:nder to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires intcrest tn b� paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or eamings on lhe 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 R�SPA.
<br />If there is a surplus of �unds held in escrow, as defined under RESPA, L.ender shall accarrnt ta
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under REST'A, Y.ender shall notify Borrower as required by RESPA, and Borrower shall pay lc�
<br />l,ender the amount necessary to make up the shortage in accordance with RESYA, but in no more than 12
<br />monthly payments. If there is a defici�ncy of Funds held in escrow, as def"ined under RESPA, I.ender shall
<br />natify Barraw�r as required by RESPA, and Barrower shall pay to Lender the amount necessary to make
<br />up th� deficiency in accordance with RESPA, but 'rn no mpre than 12 mantkily payments.
<br />Upon payment in full of all sums secured by this Sscurity Insttvm�nt, Lender shall prom�tly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. $onower shall pay all taxes, assessments, charges, fines, and impositic�ns
<br />attributable to the Property which can attain priority aver this Security Instrumenk, leasehald payments or
<br />ground rents on the Property, if any, and Catnmunity Assc�ciation Dues, Fees, and Assessments, if any. "1'0
<br />the extent that these items are Escrow Items, Borraw�r shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-BINE) �oei i � page 5 of 1 5 Initials:
<br />Fvrm 3028 1I01
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