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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of tlae payment of Mortgage
<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 the Loan, Lender may require that Comrnunity
<br />Association Dues, Fees, and Assessments, if any, be escrawed by $arrower, and such dues, fees and
<br />assessments shall be an Escraw Jtem. Borrower shall promptly furnish to L.ender all natices of amounts to
<br />be paid under this Section. Borrower shall pay I.ender the Punds for Escrow Items unless Lender waives
<br />Borrower's obligatian to pay the Funds for any or all Escrow Ttexans. Lender may waive Borrower's
<br />obligation to pay to I..ender Funds for any or all Escrow Items at any tirne. 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 Iterns for which payrnent of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payrnent within such time period as Lender rnay require.
<br />Bort'ower's obligatian to make such payments and ta provide receipts shall for all purpases be deemed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "ravenant and agreement"
<br />is used in Section 9. If $orrower 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 Seciio� 9
<br />and pay such amount and Borrower sha11 then be obligated under Sectian 9 w repay to Lender any sach
<br />amount. L.ender may revoke the waiver as to any or all Escrow Itenns at any tiane by a notice given in
<br />accordance with Section 1 S and, upon such revocation, Borrower shall pay to L.ender all Funds, and in
<br />such arnounts, that are then required wnder this Section 3.
<br />Lender rnay, at any time, collect and hold Funds in an amount (a) sufficient to pernut Lender to apply
<br />th� Punds at the time specified under RESPA, and (b) not to exceed the maxirnum amount a lender can
<br />requiz'e 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 insuxed by a federal agency,
<br />instrumentality, or entity (including I_.ender, if T.x:nder is an institution whose deposits are so insured) or in
<br />any Federal Honne Laan Bank. Lender shall apply the Funds to pay the Escrow Itexr�s no later tlaan the tirne
<br />specified under RESPA. Lender 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 />Funds and Applicable Law pernuts Lender to make such a charge. Unless an agreernent is rnade in writing
<br />or Applicable Law requires interest ta be paid on the Funds, Lender sha11 not be required to pay Borrower
<br />any interest or earnings on the �'unds. Barrawer 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 xequired 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 accordazice with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, I,ender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the arnount necessary to m�alce up the shortage in accordance with RFSPA, but in no more than 12
<br />monthly payrnents. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to rnake
<br />up the deficiency in accordance with RESPA, but in no more than 12 rnonthly payrnents.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall prornptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositians
<br />attributable to the Property which can attain priority over this Security Instrurnent, leasehold payrnents or
<br />ground rents on the Property, if any, and Cornrnunity Association Dues, Fees, and Assessrnents, 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 MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-B(NE) �ost �1 Page 5 of 15 inn�ais: �� �' � Form 3028 1/01
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