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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accardance with the provisions of Section 10. These items are called "Escrow
<br />Iterns." At origination ar at any time during the term of the J.oan, I..ender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Barrower, and such dues, fees and
<br />assessrnents shall be an Escrow Item. Bonower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay I.ender the Funds for Escrow Items unless L.ender waives
<br />Barrowcr'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 arnounts
<br />due for any Escrow Items for which payrnent of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
<br />Borrower's obligation to make such payments and ta pravide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instruxnent, as the phrase "cavenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, puzsuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escraw Ttem, Lender may exerCise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated undex Section 9 to repay to L.ender any such
<br />amaunt. Lender 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 may, at any time, collect and hold Funds in an amount (a) suf�cient to permiC I.�nder to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under R�SPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of exp�nditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />'The �'unds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if L,ender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than 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 �scrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits I.ender 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 sha11 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 $anower, without charge, an annual accounting of the
<br />Funds as required by RESFA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, L,Qnder shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RE$PA, but in no more than 12
<br />monthly payrnents, If there is a deficiency of Funds held in escrow, as de�ned under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrawer sha11 pay to I..ender 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, I.ender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impasitions
<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 Cammunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower sha11 pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie MaelFreddfe Mac UNIFORM INSTRUMENT
<br />�-B�NE) losi i1 Page 5 of 15 in�t�sis, �� Form 3028 1l01
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