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<br />premiums, if any, or any sums payable by Bonower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordanc� with the provisions of Section 10. These items aze called "Escrow
<br />Items." At origination or at any time during the term of the L,oan, I...ender may require that Community
<br />Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be a�a Escrow Itera. Borrawer shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Sectian. Borrower shall pay I,ender the F'unds for Escrow Items unless Lender waives
<br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be
<br />in writing. Tn the event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Bscrow Items for which payrnent of Funds has been waived by L.ender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period as Lender rnay require.
<br />Borrower's obligation to make such payments and to prnvide receipts sha11 for all purposes be deemed to
<br />be a covenant and agreernent contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Iterns directly, pursuant ta a waiver, and
<br />Borrower fails ta pay the amount due for an Escrow Itern, Lender rnay exercise its rigl�ts under Sectian 9
<br />and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any suc.h
<br />amount. Lender may revoke the waiver as ta any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocatian, Barrower shall pay to L,ender 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 ian an amount (a) sufficient 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 estirnate the arnount of Funds due on the basis of current data 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 by a federal agency,
<br />instrumentality, or entity (including Lender, if I,ender is an institution whase deposits are so insured) or in
<br />any Federal Home l.oan Bank. L.ender shall apply the Funds to pay the Escrow Items no later than the tune
<br />speci�ied under RESPA. L.ender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicable Law permits Lender to make such a charge. Unless an agreernent is rnade in writing
<br />or Applicable Law requires interest to be paid an the Funds, L.ender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and I.,ender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accaunting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, L.Qnder shall ac�ount 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, I.cnder shall notify Borrower as required by RESPA, and Borrower s1�all �ay to
<br />Lender the amount necessary to make up the shartage in accordance with RESPA, but in no more than i2
<br />rnonthly payments. Tf there is a de�ciency of Funds held in escrow, as defined under RESPA, I.ender shall
<br />notify Borrower as required by RESPA, and Borrower sha11 pay to Lender the arnount necessary to xt�ake
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payrnents.
<br />Upon payment in full of all sums secured by this Security Tnstrument, Lender shall prornptly 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 Tnstrument, leasehold payments or
<br />ground rents on the Property, if any, and Cornmunity Associatiozt Dues, Fees, and Assessments, if any. Ta
<br />the extent that these items are Escrow Itetns, Borrower shall pay thern in the manner provided in Se�tion 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-61NE) �osi i� Page 5 of 15 Initiais: � Farm 3028 1/01
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