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<br />prerniums, if any, or any sums payable by Borrower to Lender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At nrigination or at any time during the term of the Loan, Lender 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 fumish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such vvaiver rnay only be
<br />in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, tl�e amounts
<br />due for any Escrow Items for which payment af Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to I.ender reccipts evidencing such payment within such time period as Lender may require.
<br />Barrawer's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />bc a covenant and agreement contained in this Security Instrurnent, 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 che 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 I.cnder any such
<br />amount. Lender may revoke the waiver as to any or all �scrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender a11 Funds, and in
<br />such amounts, that are then required uuder this Seccion 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) suf�cient to permit Lender to apply
<br />the Funds at the time speci�ied under RESPA, and (b) npt to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amaunt of Funds due on the basis of current data and
<br />reasonable estunates 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 are insured by a federal agency,
<br />instnunentality, or entity (including Lender, if Lender is an inscitution whose deposits are so insured) or in
<br />any Federal Home Laan Bank, I.ender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under R�SPA. I.ender 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 />�unds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law reguires interest to be paid an the Funds, I,ender shall not be required to pay Borrower
<br />any interest ar earnings an the Fw�,ds. Boz�rower 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 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 de�ned under RESPA, Lender shall notify Borrower as required by RESPA, and Bonower shall pay to
<br />Lender the amount necessary ta make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency of �nnds held in escrow, as defined under RESFA, Lender shall
<br />natify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with R�SPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instnunent, I.ender shall promptly refund
<br />to Barrower any Funds held by I..ender.
<br />4. Charges; L➢ens. 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 Pruperty, if any, and Caznn�unity Association Dnes, Fees, and Assessments, if any. To
<br />the axtent that these items are Escraw Items, Bonower sha11 pay them in the manner provided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Mec UNIFORM INSTRUMENT �� l�.,O
<br />�-61NE1 lasi � � Page 5 of 15 Initials: U Form 3028 1/07
<br />.x ;! � M� 81 �" � �.� r�"
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