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<br />premiums, if any, or any sums payable by Borrower to L.ender in lieu of th� payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. Thc�� it�ms are called "Escrov�+
<br />Items." At origination c�r at any timc during the term af the L,oan, L,ender may require that Cammunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such duc:s, fccs and
<br />assessments shall be an F,scrow Itcm. Borrow�r shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Sectian. Borrawer shall pay L.ender the Funds for Escrow Items uriless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Barrower's
<br />obligation to pay t� L.ender Funds for any or all Escrow Items at any time. Any such waiv�r may anly be
<br />in writing. In the event of such waiver, Borrower shall pay directly, wh�n and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has becn waived by L.ender and, if Lender requires,
<br />shall f'urnish to T.end�r receipts evidencing such payment within such time period as Lendc.r may r�quire.
<br />Borrower's obligation ta make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agr��ament cantained in this Security Instrument, as the phrase "'covenant and agreement"
<br />is used in Section 9. If Borrow�r is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay thc amc�unt due for an �scraw Itsm, Lender may exercise its rights under Section 9
<br />and pay such amount and BarrUwer shall then be abligated under Section 9 to repay to Lender any such
<br />amount. I.ender may revoke the waivcr a� ta any ar all �s�raw Iterns at any time by a notice given in
<br />accordance with Sectic�n 15 and, upUn such ravacatian, Barrawsr shall pay to Lender all Nunds, and in
<br />such amounts, that ar� then reqnired under this Section 3,
<br />Lendc:r nnay, at any time, collect and hold Funds in an amount (a) sufficient to permit T.,ender to apply
<br />the Punds at the tirne specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />reqixirc under RESPA. L.ender shall estimate the amount of Funds due on the basis of current data and
<br />areasanable estimates of expenditures of future Escrow Items or otherwise in accnrdanc� with Applicablc
<br />Law.
<br />The Nunds shall be held in an institution whose depnsits are insured by a federal agency,
<br />instrumentality, or entity (including I.ender, if I,cndGr is an insliluCion whas� deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items na latez' than thr: fime
<br />specified under R�SPA. I_ender shall not charg� Barrawer for hulding and applying the Punds, annually
<br />analyzing the escrow account, or verifying the F,scrc�w Items, unless I.ender pays Barraw�r int�resC an Chc
<br />Funds and Applicable Law perxriits I,ender ta atnake such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires intcrest tc� be paid an th� Funds, Lend�r shall not be rc:quired to pay Borrpw�r
<br />any interest or earnings on th� Funds. Borrow�r and L�ndar can agree in writing, however, that inter�st
<br />shall be paid on the Punds. I,end�r shall giv� tn �Urrnw�r, without charge, an annual accounting of the
<br />Funds as required by R�SPA.
<br />IF ther� is a surplus af Funds held in escrow, as defined under R$SPA, Lender shall account to
<br />Borrower f�r the exc�s� funds in accprdanc� with RESPA. If th�re is a shortage of Funds held in escrpw,
<br />as defined under R�SPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lend�r the amount necessary to make up the shortage in accordance with RE5PA, but in no more than 12
<br />manthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, L.ender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to 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 Instrument, Lender shall promptly refund
<br />to Borrower any �unds held by Lender.
<br />a. (;har�es; I.,iens. Borrower shall pay all taxes, assessm�nts, charges, fin�s, and impasitic�ns
<br />attributablG to the Property which can atWin priarity avear lhis S�curity Instrum�nl, l�as�hold paymc:nts ar
<br />graund rents an the Property, if any, and Community Association Dues, Fees, and Assessinents, if any. Ta
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �
<br />�-8(��) (0811) Paga 6 ot 1 B Initials� � Form 3028 ����
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