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<br />premiums, if any, or any sums payab1e by Borrov��er to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "�scrow
<br />Items," At origination or at any tizne during tlie term of the Loan, Lender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and suoh dues, fees and
<br />assessnnents sk�all be an Escrow Item. Barrower shall prornptly furnisl� to Lender all natices of amounts to
<br />be paid under this Section. Borrower shall pay Lendcr the Funds for Escrow Iterns unless L�nder waives
<br />Sorrower's obligation to pay the Funds for any or a11 Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrc�w Items at any time. Any such waiver may only be
<br />in writing. In the evenC of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payinent nf` Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to I.ender receipts evidencing such payment within such time period as Leandar rnay require.
<br />Borrower' s obligation to make such payments and to provide receipts sha11 £or 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 Barrower is obli�ated to pay Escro�� Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due f'or ari Escrow Itena, T�ender may exercise itti ri�hts under Section 9
<br />and pay such amount and Borrower shall then be obli�;ated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to an}� or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to L�ender 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) �uf�cient to permit Lender to appl}
<br />the Funds at the time specified under kESPA, and (b) not to exc�ed the maJ:imuzn amount a lender can
<br />require under KESPA. Lender shall estimate the amount of Funds due on the basis of curr�nt ciata 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 are insured bv a federal agency,
<br />instrumentality, or entity (includinc Lender, if Lender is an institutian whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow lterx�s no later than the time
<br />specified under RESPA. Lender shall not char�e Borrower for holding and applying the Funds, annually
<br />analyzina the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law perrnits Lender to make such a charge. Unless an agreement is made in writin�
<br />or Applicable Law requires interest to be paid on the Funds, Lender ahall not be required to pay Borrower
<br />any interest or earnings on the Funds. Barrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without char�e, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus nf Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accardance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender sha11 notify Sorrower as required by RESPA, and Sorrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a de�ciency of Funds held in escr4w, as defined under RESFA, Lender shall
<br />notify Borrower as required by RESFA, and �orrower shall pay to Lender the arnount necessary to xnake
<br />up the deficiency in accordance with RESFA, but in no znore than 12 monthly 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 Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, char�es, fines, and impositions
<br />attributable to the Property which can attain priority over tkxis Security Instrux�aent, leasehold payments or
<br />ground renta on the Property, if any, and Cornmunity Association Dues, Fees, and Assessrnents, if any. To
<br />the extent that these itenas are �.scrow Items, Borrower shall pay them in the mar�ner provided in 5ection 3.
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<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT jJ � ]
<br />�-6�NE) �ostt� Page5 of 15 Initials: �•!"� Form 3028 1/01
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