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<br />premiums, if any, ar any swaas payable by Borrower to I.ender in lieu of the payment of Mprtgage
<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 che Loan, Lender may reqnire 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 furnish to Lender a11 notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless I.ender 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 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 Escraw Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such tim� period as Lender may require.
<br />Borrower's obligatian to make such paynnents and to provide receipts shall for all purposes be decmed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay �scrow 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 Section 9
<br />and pay such amount and Borrower sha11 then be obligated under Section 9 to repay to L.ender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 1 S and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that aze then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an arnount (a) sufficient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the ma�cirnucn aznount a lender can
<br />require under RESPA. Lender shall estimate 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 Funds shall 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 deposits are so insured) or in
<br />any Federal Home Loan Banlc. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lend�r shall not charge Bonower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrowcr interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, L,�nder shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Bozrower aud Lender can agree in writing, hawever, that inter�st
<br />shall be pai.d on the Funds. Lender shall give to Borrower, wichouc charge, an annual accounting af the
<br />Funds as required by RESPA.
<br />If there is a surplus of F�uids 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�ined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the aznaunt necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments, If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Bprrower shall pay to Lender the amount necessary to rnake
<br />up the deficiency in accordance with RESPA, but in no rnore 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 Funds held by Lender.
<br />4. Charges; Liens. 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 Property, if any, and Community Association Dues, Fees, and Assessments, 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 />�-B�NE) �oai i� Page 5 oT 15 in�siais: � Form 302$ 1/01
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