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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payrnent of Mortgage
<br />Insurance prerniums in accordance with the provisions of Se�tion 10. These itezns are called "�scrow
<br />Items. " At origination or at any tirne during the term af the Loan, Lender rnay require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrawed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. $orrower shall promptly furnish to L.ender all notices of amounts to
<br />be paid under this Section. Barrower shall pay Lender the Funds for Escraw Ttems unless I.ender waives
<br />Borrower's obligation to pay the Funds far any or all �scrow Items. Lexider may waiv� Borrower's
<br />obligatian to pay to Lender Funds far any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Barrawer shall pay directly, when and where payable, the amounts
<br />due for any �scrow Items for which payment of Funds has been waived by X.ender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payrnent within such time period as I_,ender znay require.
<br />Borrower's obligation to rnake such payrnents and to provide receipts shall for all purposes be dee�d to
<br />be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agre�rt�ent"
<br />is used in Section 9. If Borrower is abligated ta pay Escz'ow Items directly, pursuant to a waiver, ai�d
<br />Borrower fails to pay the amount due for an Escrow Item, Lender may ez�rase its rights wad�r Se�taoan 9
<br />az�d pay such arnount and Borrower shall then be obligate�i under Section 9 to re.pay to L�nder ax�y s�
<br />arnount. Lender rnay revoke the waiver as to any or all Escrow Iterns at any rirne by a notice given rn
<br />accorda�ace with Section l5 and, upon such revocation, Borrower shall pay to T..ender all Fwnds, 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) sufficient to pernut Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum arnount a lender can
<br />require under RESPA. Lender shall estirnate the amaunt af Funds due on the basis of eurrent data and
<br />reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable
<br />Law.
<br />1fie 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 aze so insured) or in
<br />any Federal Hame Loan Bank. Lender shall apply the Funds to pay the Escrow Iterns 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, or verifying the Escrow Items, unless Lender pays Borrower interest an the
<br />Funds and Applicable Law pemuts Lender to make such a chazge. Unless an agreement is made in writing
<br />ar Applicable �.aw requires interest to be paid on the Punds, I..ender shall not be required ta pay Barrower
<br />any interest or ear�nings on the Funds. Borrower and I.endear 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 held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess fiuids in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall nntify Barrower as required by RESPA, and Borrawer shail �ay t�o
<br />Lender the aznount necessary to rnake up the shortage in accordance with RESPA, but in no more i� i�
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defm� under RESPA, L,ender shall
<br />notify Borraw�r as require� by RESPA, and $onower sha11 pay to Lender the amount necessary to maakce
<br />up the deficiency in accordance with RESPA, but in na more than 12 monthly payrnents.
<br />Upon payment in full of all sums secured by this Securiry Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by I.ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain prioriry over this $ecurity 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 aze Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6�N�) �os�i1 Page 5 of 15 i�rc�ais: Form 3028 1/01
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