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<br />pr�zzziums, if any, or any sums payable by Borrower to L.ender in lieu of the payment of Mortgage
<br />Tnsurance premiums in accordance with the provisions af Section 10. Tfiese items ar� called "Escrow
<br />Ilems." At origination ar at any time during the term of the L.oan, T.end�r may requir� that Community
<br />Association Dues, Fe�s, and Assessm�nts, if any, be escrawed by Borrower, and such aues, fees and
<br />assessments shall be an Escrow Item. Barrower shall promptly furnish to I.ender all notices af amounts to
<br />b� paid under this Section. Borrower shall pay Lender th� Funds for Escrow Items unless I.�nder waives
<br />Borrower's obligation to pay the Funds for any or all Escraw Ttems. Lender inay waiv� Barrower's
<br />obligation to pay to L.ender �'unds Par any or all Escrow Items at any time. Any such waiver may anly be
<br />in writing. Tn the event of such waiv�r, Borrower shall pay directly, when and where payable, the amaunts
<br />due for any Escrnw Items for whic:h payment of Funds has been waived by I.,ezxder and, if Lend�r requires,
<br />shall furnish W Lender receipts evidencing such payment within such time period as T,ender may require.
<br />Borrower's obligation to make such payments and ta provide receipts shall for all purposcs be deemed to
<br />be a covenant and agreemcnt contained in this Sccurity Instrument, as Ch� phrase "covenant and agreement"
<br />is used in Ssction 9. If Borrpwer is obligated ta pay Escrow Items directly, pursuant fa a waiver, and
<br />Borrow�r fails to pay fhe arnaunt due for an F.,scrow Item, I,ender may exercise its rights under Section 9
<br />and pay such amount and Barrower shall lh�n be obligated under Section 9 to repay ta Lender any such
<br />amount. Lender may revake the waiver as ta any or all Escrow Items at any time by a notice �iven in
<br />accardance with Section 15 and, upUn such revocation, Borrawer shall pay t� I.,�nder all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender may, at any time, coll�ct and hold �unds in an arnount (a) suffici�nt to perinit T.ender tU apply
<br />thc Funds at the time specified under R�SPA, and (b) not to sxceed the maximum amount a lender can
<br />require under RESPA. Lender shall eskimate the amount oF Funds due on the basis of current data and
<br />r�aspnable estimates af expenditures of Puture Escrow Ttems or atherwise in accordance with Applicable
<br />Law.
<br />The Punds shall be held in an institution whose d�pnsits are insured by a federal agency,
<br />inskrumentality, or entity (including Lender, if L.ender is an institutiUn whose deposits are sa insured) or in
<br />any Federal Home Loan Bank. T,ender shall apply the Funds tn pay the Escrow Items na later than the time
<br />specified under R�SPA. L.ender shall nat charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrnw account, or v�rifying the Escrow Items, r�nless Lender pays Barrower interest on the
<br />Funds and Applicable Law permils L.ender to make such a charge. Unless an agresment is made in writing
<br />or Applicable Law requires interest ta be paid on the Funds, I.,ender shall not bc required ta pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, hawever, that interest
<br />shall be paid on th� Funds. Lend�r shall give to Bonower, withaut charge, an annual accounting of the
<br />Funds as r�quired by R�SPA.
<br />Tf th�r� is a surplus of Funds held in escrow, as d�fined under RESPA, I,ender shall account to
<br />Borrower far the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, L.�nder shall notify SU�rrower as required by ItESPA, and Borrower shall pay lo
<br />Lender the amount necessary to make up the shc�rtage in accordance wilh R�SPA, but in no more than 12
<br />mnnthly payments. Tf there is a deficiency of Funds held in escrow, as dcfined under RESPA, I.�nder shall
<br />notify Barrower as required by RESPA, and Barrower shall pay to Lender the amount necessary fo 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 secured by this Security Instrumc:nC, L.ender shall promptly r�fund
<br />ta Borrower any Funds held by Lend�r.
<br />4. Char�es; Liens. 13orrow�r shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable ta the Property which can attain priority over this Security Instrument, leasehald paynients or
<br />ground r�nts pn the Property, if any, and Community AssocialiUn Du�s, Fees, and Assessmcnts, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay lhem in the manner provided in S�:etian 3.
<br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFQRM INSTRUMENT
<br />�-B(NE► �o8ii� Page 6 of 16 initiais�'� Fvrm 3Q28 1/09
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