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<br />prerniums, if any, or any surns payable by Boz�rower to Lender in Iieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section. 1Q. T'hese items aze called "Escrow
<br />Items. " At originatian or at any time during the term of the Loan, 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 ltem. Borrower shall promptly furnish to Lender all notices af amounts to
<br />be paid under this Section. Boz�c�ower shall pay I.ender the Funds for Escrow Iterns wiless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender rnay waive Borrower's
<br />abligation to pay to I.ender Funds for any or 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 amounts
<br />due for any Escrow Items for which payment of Funds has been waived by L.ender and, if Lender requires,
<br />shall furnish to T_.�nder receipts evidencing such payrnent within such time period as Lender may require.
<br />Bonower's obligation to make such payments and to provide receipts shall far all purposes be deemed to
<br />be a cavenant and agreement containcad in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. Tf Borrower is obligated to pay Escrow Items direetly, pursuant to a waiver, and
<br />Borrower fails to 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 />amount. Lender may revoke the waiver as to any oar all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to L.ender a11 Funds, and in
<br />such arnounts, that are then required under this Section 3.
<br />Lender rnay, at any time, collect and hold Funds in an amount (a) suf�cient to permit L.ender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA. L.�nder shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estirnates of expenditures of future Escrow Iterns or otherwise in acr,ordance with Applicable
<br />Lavv.
<br />The Funds sha11 be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose depasits are so insured) or in
<br />any Federal Horne Loan Bank. I,ender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. L.ender sha11 not charge Barrower for holding and applying the Fwnds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law pezxx►its T ender ta make such a chazge. 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 or earnings on the Funds. Borrower and J.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 />Punds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RES�A, T.ender shall account to
<br />�orrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as de�ned under RESFA, L.ender shall notify Bonower as required by RESPA, and Borrower 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 payrnents. If there is a de�ciency of F'unds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the arnount necessary to make
<br />up the de�ciency in accordance with RESPA, but in no rnore than 12 monthly payments.
<br />i7pon paynnent in full af all sums secured by this Security Instrurnent, L.ender shall promptly refund
<br />ta Barrower any Funds held by L.ender.
<br />4. Charges; Liens. Borrower sha11 pay all taxes, assessrnents, chaxges, �nes, and impositions
<br />attributable to the Property which can attain priority over this Security Instrurnent, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessmernts, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the rnanner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ��
<br />�-6�NE) 108� il Page 5 of 15 Initials �orm 3028 7/01
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