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<br />prerniwns, if any, or any sums payable by Borrower to Lender in lieu of the payxnent 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 term of the L.oan, L.ender may require that Community
<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 furlaish to I.ender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Bonower's obligation to pay the Funds for any or all Escrow Itenns. L.ender may waive Borrower's
<br />obligation ta pay to Lender Funds for any ar all Escrow Items 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 arnounts
<br />due for any Escraw Items for which paym,ent of Punds has been waived by Lender and, if L.ender requires,
<br />shall furnish to I..ender receipts evidencing such payment within such time period as Lender nnay require.
<br />Borrower's obligation to make such payments and to provide receipts shall for a11 purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrurnent, as the phrase "covenant and agreernent"
<br />is used in Section 9. If Borrower is abligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails ta pay the amount due for an Escrow Item, 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 />arnount. I.ender may 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 revacation, Borrower shall pay to Lender all Funds, and in
<br />such arnounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Fwnds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the tim� specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />xequire under RESPA. l.ender shall estimate the arnount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits aze insured by a federal agency,
<br />instrumenCality, or entity (including Lender, if L�nder is an institution whose deposits are so insured) or in
<br />any Federal Home L.oan Bank. Lender shall apply the Funds to pay the �scrow Iterns no later than tl�e tizne
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, aruivally
<br />analyzing the escrow account, or verifying the Escrow Iterns, unless L.ender pays Barrower interest on the
<br />�unds and Applicable Law pernuts Lender to make such a chazge. Utiless 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 or eamings 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 accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ne� under RESPA, Lender shall account to
<br />Borrower for the excess funds in accoardance with RESPA. Tf there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Bozxower as required by RFSPA, and Borrower shall pay to
<br />Lender the amGount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payznents. 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 I,�nder the amount necessary to rnake
<br />up the de�iciency in accordance with RESPA, but in no tnoxe than 12 manthly payments.
<br />Upon payarr�ent in full of all sums secured by this Security Instzvment, I.ender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessnnents, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Secu�ity Instrument, leasehold payrnents or
<br />ground rents on the Property, if any, and Commw�ity Associatian Dues, Fees, and Assessrnents, if azay. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-61NE) losi �1 Page 5 of 15 mit�ais� Form 3028 7/07
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