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<br />premiums, if any, or any surns payable by Borrower to Lender in lieu o£ the payment of Mort�abe
<br />Insurance premiums in accordance with fhe provisions of Section 10. These items are called "Fscrow
<br />Items." At origination or at any time during the terxn of the Loan, Lender rnay require that. Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. 13orrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower' s obligation to pay the �^ unds £or any or all Escrow Items. Lender may waive Borrower' a
<br />obligatioz� to pay to I,ender Funds for any or all �scrow Items at any time. Any such waiver may only be
<br />in writing. Tn the event of +uch waiver, Borrovver sha11 pay direct1y, when and where payable, the axnounts
<br />due for any Fscrow Items 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 time period as Lender may require.
<br />13orrower' s obligatian to make such payments arid to provide receipts shall for a11 purposes be deemed to
<br />be a covenant and a�reernent contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in 5ection 9. If Sorrower is nbligated t�� pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due f'or an Escrow Item, Lender may exercise its rights under Section 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay tn Lender any such
<br />amount. Lender may revoke che waiver as to any or all Escrow Items at any time by a notice �iven in
<br />accordance with Section 1 S and, upoz� such revocation, Borrower shall pay to Lender all Funds, and in
<br />�uch amounts, that are fhen required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
<br />the Funds at the time speci�ed under RESPA, and (b) not to exceed the maximurn amount a lender can
<br />require under RESPA. Lender ahall estimate the amount af Funds due on the basis of current data and
<br />reasonable estimates of expendatureti of future Escrow ltems or otherwise in accordance with Applicable
<br />La��.
<br />Tl�e Funds shall be held i�� an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (includin� L,endcr, if Lender ia an institution whose deposits are so insured) or in
<br />any Federal Home Loan Banl:. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />tipecified under RESFA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzin� the escrow account, ar verifying the Escrow �tems, unless Lender pays Borrowex interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless an agre�meni is made in writing
<br />or Applicable Law requires interest to be paid an the Funds, Lender sha11 not be required to pay Borrower
<br />any interest or earnings on the Funds. Borxower and Lender can agree in writing, however, tkxat interest.
<br />sha11 be paid on the Funds. Lender shall give ta Borrower, without charge, an annual accounting of the
<br />Funds as required by RESFA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender sha11 account to
<br />Borrower for the excess funds in accordance with KESPA. If there is a shortage of Funds held in escrow,
<br />as defined under KESPA, Lender shall nptiFy Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in accordance wiCh RESPA, but in na rnore than 12
<br />monthly payments. If there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower a5 required by RESPA, and Borrower sha11 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 payznent in full of a11 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, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />�;round rents on the Property, if any, and Comrnunity Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower sha11 pay them in the manner provided in 5ection 3.
<br />231030
<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM IN5TRUMENT �
<br />� -6�NE) �osii� page5 of 15 Initial 4�1� Form 3028 1/01
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