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<br />prerniums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the pravisions of Scctian lp. These items are called "Escrow
<br />Items." At origination or at any time during ihe ten�n of the Loan, Lender m,ay require that Community
<br />Association Dues, Fecs, and Assessments, if any, be escrawed by Borrower, and such dues, fees and
<br />assessmenCs shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay I.ender the F�nds for Fscrow Ttems unless Lender waives
<br />Borrawer's obligation to pay the Punds far any or a11 Escrow Items. Lender may waive Borrower's
<br />obligation to pay to I,ender 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 dire�tly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has besn waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such paym�nt within such time period as L�;nder may require.
<br />Borrower's obiigation to make such paynnents and to provide receipts shall for all purposes be deemed to
<br />be a covena�nt atad agreement contaia�ed in this Security Tnstrument, as the phrase "covenant and agreement"
<br />is used in Seckion 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 Item, Lender may exercise its rights under Se�ction 9
<br />and pay such axnount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amaunt. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accardance 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 may, at any time, collect and hold Funds in an amount (a) sufficient ta permit L,e�ader to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maacimum arr�ount a lender can
<br />require undar RESPA. I,ender shall �stitnate the amount 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 l�unds sk�all be held in an institution whose deposits are insured by a federal agency,
<br />instrumeatality, or entity (including Le�der, if Lender is an institution whase deposits are so insured) or in
<br />a1ry Pederal Home I.oan $anlc. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESI'A. Lender sha11 not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escraw Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits L,ender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to t� paid on the Punds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the �nds. Bornower and I,ender can agree in writing, however, that interest
<br />shall be paid on the Funds. L,ender shall give to Borrawer, without charge, an annual accounting af the
<br />Funds as required by RFSPA.
<br />If there is a surplus of F�nds held in escrow, as defined under RESPA, I.ender shall accownt to
<br />Borrower for the excess funds in accordauce with RESPA. If there is a shortag� of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Barrower as required by RESPA, and Sorrower shall pay to
<br />Lender the amount necessary to make up the shartage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a de�iciency of Funds held in escmw, as defined under RESPA, L.ender shall
<br />notify Borrower as required by RESPA, and $orrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RFSPA, but in na more tban 12 monthly payments.
<br />Upan payment in full of all sums se�cured by tbus Security Instrurnent, Lender shall promptly refund
<br />to $orrawer any Funds held by L�nder.
<br />4. Charges; Liens. Borrnwer sha,Il pay all taxes, assessments, charges, fines, and imposirions
<br />attributable to the Properiy which can attain priority over this Security Instrument, leasehald payments ar
<br />ground rents on the Property, if any, and Community Assaciation Dues, Fees, and Assessments, if any, To
<br />the extent that these items are Escrow It.em�s, Borrower shall pay them in the manner provided in Section 3.
<br />N�BRASKA - Single Family - Fwnnie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-8fNE) �osi i► Papa 5 ot 76 Inkial • ' Form 3028 7l07
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