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2Q1009561 <br />premiums, if any, or any suzns payable by Borrower to L.ender in lieu of the payment of Mortgage <br />Insurance premiurns in accordance with the provisions of Section 10. lfiese items are called "Escrow <br />Items." At origination or at any time during the term of the Lnan, Lender may require that Cornrnunity <br />Associatian Dues, Fees, and Assessments, if any, be escrowed by Barrawer, and such dues, fees and <br />assessments shall be an Escraw Item. Barrower 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 Lender waives <br />Barrower's obligation to pay the Funds far any ar all Escrow Items. Lender may waive Borrower's <br />obligation to pay to L.ender Funds for any or all Escrow Ttems 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 payment of Punds has been waived by L.ender and, if Lender requires, <br />shall furnish to Lender receipts evidencing such payrnent within such tirne period as T�ender may require. <br />Borrower's abligation to rnake such payrnents 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 "covenant and agre�rt�ecrt" <br />is used in Section 9. If Borrower is obligated ta pay Escrow Items diredly, pursuant to a waiver, and <br />Borrower fails to pay the amount due for an Escrow Item, I..ender may e�rcis�; its rights under .5erxion 9 <br />and pay such amount and Borrower shall then be obligated under Section 9 w nepay to i.ender any such <br />amount. Lender rnay revoke the waiver as ta any or all Escrow Items at any �i� by a natice given in <br />acrardance with Section 15 and, upon such revocation, Borrower shall pay ta Lender all Funds, and in <br />such amounts, that are then required under this Section 3. <br />I.ender may, at any tirne, collect and hold Funds in an arnount (a) suf�cient to pexnnit Lender to apply <br />the Funds at the time specified under RESPA, and (b) not to excced 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 axe insured by a fe�eral agency, <br />instrumentality, or entity (including L.ender, if L.ender is an institution whose deposits are so insured) or in <br />any Federal Home Loan Bank. I.endex sha�l apply the Funds to pay the Escraw Items no later than the time <br />specified under RESPA. Lender shall not charge Borrower for holding and applying thc �'unds, annually <br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower intexest 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 ta be paid on the Funds, Lender shall not be required to pay Borrower <br />any interest or earnings on the Funds. Borrower and I..,endear can agree in writing, however, that interest <br />shall be paid on the Funds. L.ender shall give to Borrower, without charge, an annual accaunting of che <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 funds in accordance with RESPA. If there is a shortage of Funds held i.n escarow, <br />as defined under RESPA, I.ender sha�l notify Borrower as required by RESPA, and Borrower shall p�ay to <br />Lender the amount necessary to make up the shortage in accordamce with RESPA, but in no rnone t3�an 1� <br />monthly payrnents. If there is a deficiency of Fwnds held in escrow, as defined under RESPA, T.e��der shall <br />notify Borrower as required by RESPA, arxd Borrower shall pay to Lender the amount necessary to rnake <br />up the deficiency in accordance with RESPA, but in no rnore than 12 rnonthly paymenCs. <br />Upon payrnent in full of all surns secured by this Security Instrurnent, Lender shall promptly refund <br />to Sorrower any Funds held by Lender. <br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, �nes, and impositions <br />attributable ta the Property which can attain priority aver this Security Instrument, leasehold payrnents or <br />graund rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assessments, if any. To <br />the extent that these items are Escrow Items, Bonrower shall pay them in the nnanner provided in Section 3. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�^6�N�) (0811) Page 5 of 15 Initials: � Fbrm 3Q28 va� <br />� <br />� r ? �! :� �� `t � 7 <br />. 1 <br />