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<br />premiums, if any, or any sums payable by Borrower ta �.ender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions af Section 10. These items are called "Escrow
<br />Items. " At origination or at any tirne during the term of the Loaz►, Lender nnay require that Cornrnunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, az►d such dues, fe�s and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts ta
<br />be paid under this Section. Borrower shall pay L,ender the Punds for Escrow Iterns unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive $orrawer's
<br />obligation to pay to L.ender 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 amounts
<br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if �nder requires,
<br />shall furnish to Lender receipts evidencing such payment within such tirne period as Lender may require.
<br />Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to
<br />be a covenant and agreement contained in this Security Instzlux►ent, as the phrase "covenant and agr�t"
<br />is used in Section 9. If Barrower is obligated to pay Escrow Iterns directly, pursuant to a waiver, and
<br />Borrower fails to pay the aznount due for an Escrow Item, �.ender rnay exerci.qe its rights u�der Secxian 9
<br />and pay such amount and Borrower shall then be obligated under Sectian'9 to re�pay to L.erxi�r any st�
<br />amount. L.ender may revoke the waiver as to any or all Escrow Items at any time by a notioe given in
<br />accordance with Section 1 S and, upon such revocation, Borrower shall pay ta L.ender all Funds, a� in
<br />such arnounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit T ender to apply
<br />rhe Funds at the tirne specified under RESPA, and (b) nat to exceed the maximurn amount a lender can
<br />require under RESPA. L,�nder shall estimate the amount of Funds due on the basis of current data and
<br />reasanable estimates of expenditures of future Escraw 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 />instzu�mentality, ar entity (including L.ender, if I..ender is an institution whose deposits are so insuxed) 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 RESI'A. Lender shall not charge Borrower far holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unl�ss Lender pays Borrower interest on the
<br />Funds and Applicable Law pernuts Lender to make such a charge. Unless an agreement is made in writing
<br />ar Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Banower
<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, 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 shail acc�ourn to
<br />Borrower for the excess funds in accorda:nce with RESPA. If there is a shortage vf Funds held in escinw,
<br />as defined under RESPA, L.cnder shall notify Borrower as required by RESPA, and Borrowe�r sha11 pay to
<br />Lender the amaunt necessary ta make up the shortage in accordance wich RESPA, but in no nnore i� 12
<br />monthly paymeants. If there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender s�a11
<br />notify Borrower as required by RESFA, and Borrower shall pay to Lender the amount necessary to rnake
<br />up the de�ciency in accordance witl� RESPA, but in no rnore than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender sha11 promptly refund
<br />to Borrower any �unds held by L.ender.
<br />4. Charges; Liens. $orrower shall pay all taxes, assessrnents, charges, �nes, and impositions
<br />attributabl� ta the Property which can attain priority over this Security Tnstrument, leasehold payrnents or
<br />ground rents on the Property, if any, and Comrnunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Itexns, Borrower shall pay them in the maruier provided in Sect'ton 3.
<br />NEBRASKA - Single �amily - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />--61NE) ioai i� Page 5 of 15 i�h�ais: � Form 3028 1/01
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