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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />lnsurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Pees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all natices of amounts to
<br />be paid under this Section. Borrower shall pay Lender tl�e Funds for Fscrow Items unless I.ender waives
<br />Barrower's obligation to pay the Funds for any or all Eserow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow ltems 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 far which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish tp Lender recerpts 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 cavenant and a�'eernent contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waivar, and
<br />Borrower fails ta pay the arnount due for an Escrow Item, Lender may exercisc its rights under Section 9
<br />and pay such arnount and Borrower shall then be obligated under Section 9 ta repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all Escrow Item,s at any time by a natice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amaunts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) suf6cient to permit Lender to apply
<br />the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a l�nder can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expendrtures of fuiure Escrow Items or othervvise in accordance with Applicablc
<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 I.ender is an instiiution whose deposits are so insured) or in
<br />an. y Federal Home 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 Bonower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Sorrower interest on the
<br />Funds and Applicable Law pernvts Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requrres interest to ba paid on 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. 1.ender shall give to Borrower, without ch.arge, 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, Lender shall account to
<br />Bar'rower for the excess funds in accordance with RESPA, rf there is a sl�ortage of Punds held in escrow,
<br />as defined under RESPA, Lender shall notify Bortower as required by RESPA, and Borrower 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�crency of Funds held in escrow, as defined under RESPA, Lender shall
<br />n�tify Horrower as required by RESPA, and Borrower shall pay to Lender the arnount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more t�ian ] 2 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrurnent, Lender sha11 promptly refund
<br />ta Borrower any Funds beld by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold pa�nnents or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. Tn
<br />the extent that these items are �,scrow Items, Borrower shall pay them in the manner provrded in Section 3.
<br />22p0094632 D V6,ANE
<br />NEBRASKA - Single Family - Fannle Mae/Freddie Mac UNIFORM INSTRUMETIT WIT �
<br />�-6A�N� loeiol Paee 5 uf 15 Initlel Form 3028 1/01
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