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<br />premiurns, if any, or any sums payable by Borrawer to Lender in lieu of the 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, L,Qnder may require that Community
<br />Assaciation Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments sha11 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 Escrow Items unless L,Qnder waives
<br />Bo�ower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to I,ender Funds for any or all Escrow Iterns 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 amaunts
<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 I.ender may require,
<br />Borrower's obligation to rnake such payments and ta provide receipts shall far all purposes bc deemed to
<br />be a covenant and agreernent contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Barrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Bonowcr fails to pay the amount due for an. �scrow Item, Lender rnay exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Iterns at any tirne 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 />L,�nder may, at any tirne, collect and hold Funds in an amount (a) sufficient ta permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximum amaunt 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 �scrow 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 Bank. Lender shall apply the Funds to pay the �scrow Items no later than the time
<br />specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, ar verifying the �scrow Items, unless L.ender pays Barrower interest on the
<br />Funds and Applicable Law permits I,ender tp make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interast to be paid on the Funds, L.ender 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. I,ender shall give ta Borrower, without charge, an annual accounting of the
<br />Punds as required by R�SPA.
<br />lf there is a surplus of Funds held in escrow, as defined under RESPA, �..,ender 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 deffned under RESPA, I.ender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />I.ender the amount necessary to make up the shortage in accordance with RESPA, but in no rnore than 12
<br />monthly payments. If tliere is a deficiency of Funds held in escrow, as de�ned under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender 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 Instrurnent, Lender shall promptly refund
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority aver this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assessrnents, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannia Mse/Freddie Mac UNIFQRM INSTRUM�NT �
<br />�-BINE) los> > 1 Paee 5 of � 5 iniciais: Form 3028 9/01
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