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<br />premiums, if any, or any surns payable by Barrower to Lender in lieu of the payrnent of Mortgage
<br />Insurance prerniurns in accordance with the provisions of 5ection lp. These items are called "�scrow
<br />Iterns." At origination or at any tirne during the term of the �,oan, I.ender may require that Community
<br />Association Dues, Fees, and Assessrnents, if any, be escrowed by Borrawer, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish ta Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds far Escrow Iterns unless Lender 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 xnay only be
<br />in writing. In the event of such waiver, Borrower sha11 pay directly, when and where payable, the amounts
<br />due for any Escrow Ttexns for which payment 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 />Borrower's obligation to make such payments and to provide receipts shall for a.11 purposes be deemed to
<br />be a cavenant and agreernent contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Sectian 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails ta pay the amount due for an Escrow Item, I.ender may exercise its rights uan.der Section 9
<br />and pay such amount and Borrawer shall then be obligated under Section 9 to repay to Lender any such
<br />amount. L.ender may revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender rnay, at any tirne, collect and hold Funds in an amount (a) sufficient to permit L.cnder ta 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 Iterns 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 />instrurnentality, or entity (including Lender, if Lender is an institution whose deposits are sa insured) or in
<br />any Pederal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tinae
<br />specified under RESPA. T.ender sha11 not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow accaunt, or verifying the Escrow Items, unless L,Qnder pays Borrower 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, 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, withaut charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ned under RESI'A, Lender shall accaunt to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage af Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Bonawer sha11 pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. Tf there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Bonower 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 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 Lendcr.
<br />4. Charges; Liens. Borrawer sha11 pay a11 taxes, assessznents, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Inscrument, 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 Iterns, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRA$KA - Single Family - Fannie MaelFreddie Mac IIMIFORM INSTRUMENT /'';�,��
<br />�-BINE) 108� 11 Page 5 of 15 inieiais: � �-a `U��" Form 3028 1101
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