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<br />premiums, if any, or aziy sums payable by Borrower to Lender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisions oF Section 10. 1'hese items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Cornrnunity
<br />Association Dues, Pees, and Assessrnents, if any, be escrowed by Borrower, and such duss, fees and
<br />assessments shall be an Escraw Itam. 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 �scrow Items unless Lender waives
<br />Borrower'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 amounts
<br />due for any Escrow Iterns for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such tirne period as L.ender may require.
<br />Borrower's abligation to make such payrnents and to provide receipts shall for all purposes be deer►�ed to
<br />be a covenant and agreernent contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. Tf Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an Escrow Item, I,ender may 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. L,�nder may revoke tlie waiver as to any or all Escrow Items at any time by a natice given in
<br />accordance with Section 15 and, upon such revocation, Borrowex shall pay to Lendar all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />L,ender may, at any time, collect and hold Funds in an amount (a) suf�cient to permit Lendex to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the rnaxirnum amount a lender can
<br />require under RESPA. Lender shall estimate ths amount of Funds due on the basis of current data and
<br />reasonable estimates of expendiCures of future Escrow Ttems 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 Horne Loan Bank. Lender shall apply the Funds to pay the Escrow 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, or verifying the Escrow Items, unless Lender pays Boarrower interest an the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless an agreernent is made in writing
<br />ar Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrawer and L.ender can agrce in writing, however, that interest
<br />shall be paid on the Punds. L.ender 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 de�ned under RESPA, I.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 de�ned under RESPA, Lender shall notify Borrower as required by RESFA, and Borrower sha11 pay ta
<br />Lender the arnount necessary to make up the shortage in accordance with RESPA, but in na mare than 12
<br />monthly payments. 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 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 Instrument, L.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 prioxity over Chis Security Instrument, leasehald payments or
<br />ground rents on the Property, if any, and Cornrnunity Association Dues, Fees, and Assessments, 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 - Singie Family - Fannie Mae/Freddie Mac UNIFORM IN5TRUMENT ��/
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