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<br />premiums, if any, or any sums payable hy Borrower to Lender in lieu of 1hc payrnent of Mortgage
<br />Tnsurance premiums in accordance with lhe provisions of Scc;tion 10. 'Ifiese itcros are called '"Fscraw
<br />Ttems." At origination Ur at any time during the term of ths I.,oan, Lender may require that Community
<br />Asac�ciation llues, �'ees, and Assessments, if any, be escrc�wed by Borrowor, and such dues, fecs and
<br />assessrnents shall bc an Escrow Tten�. Borrower shall promptly furnish to Lendc:r all notices of amc�unts ta
<br />bc paid under this Section. Borrowcr shall pay Lender the F'unds for �;scrow I[�:ms unless Y.ender waives
<br />Borrower's obligatian to pay the Funds for any or all I:scrow Items. Lender rnay waive Borrowcr'S
<br />obligation to pay to I�ender �unds fc�r any or all Escrow ItemS at any time. Any such waiver inay only be
<br />in writing. In thc event of such waiver, Borrower shall pay directly, when and where payable, the amounts
<br />due for any �scrow Items f�r which payment of Funds has been waived by I.cnder and, if T.ender requires,
<br />shall furnish to L.endec receipts evidencin� such payment within such time period as I.,ender may require.
<br />Borrpwer's obligation to rnake such paymcnts and to provide rcceipts shall for all purpases be deemed to
<br />be a cavenant and agre�rnent contained in [his Security Instrument, as the phrase '"covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Itcros directly, pursuant tp a waiver, and
<br />Sorrower fails to pay thc amount due for an Escraw Item, Lender may cxercise its rights undcr Section 9
<br />and pay such amount and Bnrrower shall then bc c�bligated under Section 9 to repay to T.ender any such
<br />amount. Lender may revoke the waiver as to any c�r all Escrow Ttems at any time by a notice given in
<br />accordance with Sectiean 15 and, upon such revncation, Borrower shall pay to Lender all I'unds, and in
<br />such amounts, that are then required under this Section 3.
<br />L.ender may, al any time, collecf and hold Funds in an amaunt (a) sufficient to pernnik Lender to apply
<br />the Funds at the time specified undcr RESPA, and (b) not to exceed the inaximum amount a lender can
<br />require under RTSPA. L.ender shall estirnate the amounl of Funds due on the basis of current data and
<br />reasonable estinnaies of expenditures uf future Escrow Ttems ar otherwise in accordance with Applicable
<br />I,aw.
<br />The Funds shall be held in an institution whose dcpasits are insured by a federal agency,
<br />instrumentality, or cntity (including Lender, if L.ender is an institutian whose deposits are sa insured) or in
<br />any Federal Home I,aan Bank. T.endcr shall apply the Nunds to pay tlxe Escrow Ttems no later than the time
<br />specified under RF,SPA. Lender shall nat charge Borrower for he�lding and applying the Punds, annually
<br />analyzing the cscraw account, or verifying the Escrow Ttems, ur►]css I.ender pays Borrower interest on the
<br />Funds and Applicable Law permils Lender to make such a charge:. Unless an agreement is made in writing
<br />or Applic;able Law requires interest to be paid on the Funds, �,�.nder shall not be requircd to pay Borrower
<br />any interest ar earnings on thc Punds. Borrower and Lender c;an agree in writing, howuver, that interest
<br />shall be paid c�n the Funds. Lc:nder shall give to Borrower, wikhout charge, an annual accounting of the
<br />Funds as rcquired by K�SPA.
<br />Tf thcrr. is a surplus of Funds held in escrow, as defined under R�:SPA, Lendcr shall account to
<br />Borrower fc�r the excess funds in accordance with RESPA. If th�re is a shortage of Funds held in escrow,
<br />as defined under RESYA, T.endcr shall notify Borrower as reyuired by RE5PA, and Borrawer shall pay to
<br />T.ender th� amount necessary tC� make up the shortage in accardance with K�SPA, but i❑ no more than 12
<br />m�nthly payments. lf thcrc is a deficiency of Funds hcld in escrow, as defined undc:r RESPA, Lender shall
<br />nc�tify Borrower as required by RESPA, and Borrower tihall pay to L.ender thc amount necessary to make
<br />up lhe: deficiency in accc�rdance with R�ST'A, but in no mare than 12 monthly payments.
<br />iJpon payment in full ��f all sums secured by this Scc:urity Instrument, I.ender shall promptly refund
<br />to I3arrawer any Funds hcld by L.ender.
<br />4. Charges; Li�ns. Barrower shall pay all taxes, assessments, charges, fines, and impositions
<br />aftribulable to the Property wh'rch can attain priority over this 3ecurity Instrument, lcasehold payments or
<br />gr�und rents on the Prc�perty, if any, and Community A�SOCiation Dues, �ees, and Assessments, if any. '1'0
<br />the extent that thesc items are Escrow Ttems, Borr�wer shall pay them in the rnanner provided in Section 3.
<br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFORM INSTRUM�N7
<br />�-6�NE) �oa7 i 1 Paga 6 of 16 ��itia s: �orm 3028 1I01
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