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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insuxance premiums in accordance with the provisioans of Section 10. These items are called "Escrow
<br />Items." At origination oar at any time during the term of the T...oan, �.,ender 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 L,�nder all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the �nds for Escrow Itern,s unless I.ender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Iterns. 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. Tn the cvent of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any �scrow Items for which payment af Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipcs evidencing such payment within such time period as Lender rnay require.
<br />Borrower's obligation to make such payments and to provide receipCs sha11 for all purposes be deemed ta
<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 Itern, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. I.ender may revoke the waiver as ta any ar all �scrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower sha11 pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any tirne, collect and hold Funds in an arnount (a) suf�cient to permit Lender to apply
<br />the Fands at the time specified under RESPA, and (b) not to exceed the rnaxirnum arnount 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 af future Escrow Items or othcrwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in arA institution whose deposits arc insured by a federal agency,
<br />instrumentality, or entity (including I,ender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. L.ender shall apply tl�e Funds to pay the Escrow Ttems np later than the tune
<br />speci�ed under RESFA. Lender shall not charge Borrower for holding and applying the Funds, 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 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 ar earnings pn the Funds. Borrower and L.ender can agree in writing, however, that interest
<br />shall be paid on the Funds. I.ender shall give ta Borrower, withaut charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ined undex RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Punds held in escrow,
<br />as de�ined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower sha11 pay to
<br />Lender the amount necessary to rnake up the shortage in accordance with RESPA, but in no nnore tl�an 12
<br />rnonthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, I.ender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, �nes, 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 Community Association Dues, Fees, and Assessments, if any, To
<br />the extent that these items are Escrow Iterns, Borrower shall pay thern in the manner provided in Sectian 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7
<br />�-6(NE) (osttl Page 6 of 16 Initial Fprm 302$ 1/09
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