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<br />premiums, if any, ar any sums payable by Borrower to I.ender in lieu of the payment of Martgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At originati�n or at any time durin� the term of the Loan, Lender may require that Comrnunity
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shal] b� an Escrow Item. Borrower shall promptly furnish to I,ender all notices of amountti to
<br />be paid under thiti Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligatian to pay the �unds f'or any or all Escrc�w Items. Lender may waive Borrow�r's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may anly be
<br />in writing. ln the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment o£ Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to l..ender receipts evidencing such payment within such time period as Lender riaay require.
<br />Borrower' s obligation to make such payments and to provide r�ceipts shall for all purposes be deemed to
<br />be a covenant az�d agreement contained in this 5ecurity Instrument, as the phratie "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow It�ms directly, purauant to a waiver, and
<br />Borrower fails to pay the arnount due for an Escrow Item, Lender may exercise ita rights under Section 9
<br />and pay such amount and Borrower shall then be obligated un.der Section 9 to repay to Lender any such
<br />amount. Lender rnay revoke the waiver as to any or all Escrow Ttems at any tune by a notice given in
<br />accordance with Section I S and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this Section 3.
<br />Lender xnay, 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 maximum amount a lender can
<br />require under RESPA. Lender shal] estirnate the amount of Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow ltems or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held ir� an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including I,ender, if L�nder is an institution whose deposits are so insured) or in
<br />any Federal Home I,oan Sank. Lender shall apply the Funds to pay the Escrow ltems 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 Lerader pays Borrower interest on the
<br />Funds and Applicable Law pezxnits Lender to make such a charge. Unless an agreement is made in writing
<br />or Applicable Law requires interest to be paid on the Fuzads, Lender shall not be required to pay &�rrower
<br />any interest or earnings on the Funds. Borrower and Lendar can agree in writing, however, that interest
<br />shall b� paid on the Funds. I�ender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there ia a surplus of kunds held in escrow, as dei`ined under R�SPA, Lender 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 R.ESPA, Lender shall notify Borrower 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 deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESFA, and Borrawer shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 mpnthly payments.
<br />Upon payment in full of all sums secured by this Security Instrurnent, Lender shall promptly refund
<br />to Borrower any Fund� held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, �nes, and impositions
<br />attxibutable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on Che Property, if any, and Community Association Dues, Fees, and Assessznents, if any. To
<br />the extent that these itezns are Escraw Items, Borrower shall pay thezn in the manner provided in Section 3.
<br />231040
<br />NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT f�
<br />� •B�NE' (0811) Page 5 of 15 iniciai 1� Form 3028 1101
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