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<br />premiums, if any, or any sums payable by Bonower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the tez7m of the Loan, I.ender may require that Cornrnunity
<br />Association Dues, Fees, and Assessrnents, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Bonower shall prom,ptly fixrnish to L.�nder all notices of amounts to
<br />be paid under this Section. Borrower shall pay I.ender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Ttems. I.ender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Iterns 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 for any Escrow Itezns 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 rnake such payrnents and to provide receipts shall for all purposes be deerned to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in $ection 9. If Borrower is obligated to pay Escrow Itettas directly, pursuant ta a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, Lender rnay exercise its rights under Sectian 9
<br />and pay such amaunt and Borrower shall then be obligated under Section 9 ta repay to I.ender any such
<br />amount. Lender rnay 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 amounts, that are then required under this Section 3.
<br />Lender rnay, at any time, collect and hold �'unds in an amount (a) sufficient to pernut Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amaunt a lender can
<br />require under RESPA. Lender shall estirnate the amount of Funds due on the basis af current data and
<br />reasonable estimates of expenditures of future Escrow Iterns or otherwise in accordance with Applicable
<br />Law.
<br />The Funds sha11 be held in an institution whose deposits are insured by a federal agency,
<br />instrurnentality, or entiry (including Lender, if I.ender is an institution whose deposits are so insured) 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 far holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Barrower interest on the
<br />Funds atad Applicable Law pernuts Lender to make such a charge. Unless an agreennent is made in writing
<br />ar Applicable Law requiz�es interest to be paid an the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and I,ender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual acr.ounting of the
<br />Punds as required by RESPA.
<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 shortage of Funds held in escrow,
<br />as defined under RESPA, I..ender shall notify Borrower as required by R�SPA, and Borrower shall pay to
<br />I.ender the amount neces,sary 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 deflned under RESPA, Lender shall
<br />notify Borrower as reyuired by RESPA, and Borrower shall pay to Lender tk�e amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums se�ured by this Security Instrurnent, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />�3. Charges; Liens. Borrower shall pay all taxes, assessrnents, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instnunent, leasehold payments ar
<br />ground rents on the Property, if any, and Cornrnunity Association Dues, Fces, and Assessments, if any. To
<br />the extent that these items are Escrow Iterns, Borrower shall pay them in the mamier provided in Section 3.
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) los�il Page 5 of 15 �nitia�s: Form 3028 7/01
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