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�01�097�5
<br />premiums, if any, or any sums payable by Borrower 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 tirne during the term of the Loan, Lender may require that Community
<br />Assaciation Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Bonower shall prornptly furnish to Lender all notices of amounts to
<br />be paid under this 5ection. Borrower shall pay I.,ender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds fpr any or all Escrow Items. Lender rnay waive Borrower's
<br />obligation 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, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of �'unds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time 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 Instrurnent, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated ta pay Escrow Ttems directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due far an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such arnount 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 a11 Escrow Items at any tirne by a notice given in
<br />accordance with Section 15 and, upan such revocation, Borrower shall pay to Lender all Funds, and 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 L,ender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
<br />require under RESPA, T_.ender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Items ar atherwise 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. L,ender 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 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 to be paid an the Funds, Lender 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. Lender shall give to Bonower, 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, L.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 defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrawer shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, buC in no more than 12
<br />nnonthly payments. If there is a deffciency af Funds held in escrow, as defined under RESPA, I.ender shall
<br />notify Borrower as required by R�SPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RE5PA, but in np more than 12 rnonthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds held by L,ender,
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, �nes, and impositions
<br />attributable to the Froperty which can attain priority over this Security Instnunent, leasehold payments or
<br />ground rents on the Praperty, if any, and Camrnunity 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 - 5ingle Family - Fannie Mae/Freddie Mec UNIFORM INSTRUM�NT
<br />�-6�NE) loet tl Paae 5 or i5 in�t�ais: le�� Form 3028 1/Q1
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