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20100914�
<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mart�age
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Itexrns." At origination or at any time during the term of the Loan, I,ender may require that Cornmunity
<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 all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escraw Items unless Lender waives
<br />Borrower' s obligation to pay the Funds f'or any or all Escrow ltems, Lender may waive Snrrawer' s
<br />obligatian to pay to Lender Funds for any pr a11 �scrow Items at any time. Any such waiver rz�ay 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 Escrnw Items for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payzx�ent within such time period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covexaant and agreernent"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrow�r 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 abligated under Section 9 ta repay to Lender any such
<br />amount. Lender rnay revoke the waiver a,s to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revacation, Borrower shall pay to Lender all Funds, and in
<br />such arnounts, that are then required under this 5ection 3.
<br />I.,ender nnay, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender 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. 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 Hoxne Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />speci�ed 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 permits Lender to mal�e such a charge. Unless an agreernent 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 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 required by RESPA.
<br />If there is a surplus of Funds neld in escrow, as defined under RESPA, Lender shall accaunt to
<br />Sprrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly paynr�erxts. If there is a deficiency of Funds h�ld in escrow, as de�ned under RESPA, Lender shall
<br />notify Barrower as required by RESPA, and Borrower sha11 pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in nn mare than 12 monthly payxnents.
<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, fnes, and impositians
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payrnents or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessrnents, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the max�ner provided in Section 3.
<br />230988
<br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFpRM INSTRUMENT
<br />�-B�NE) �oe��� Paqe5 a115 Initials:� Form 3028 '���'�
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