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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payrnent of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination ar at any time during the term of the Loan, L,Qnder may require that Community
<br />Associatian Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly fumish to Lender all notices of amounts to
<br />be paid under this Section. Borrower sha11 pay Lender the Funds for Escrow Items unless Lender waives
<br />Barrower's obligation to pay the Funds for any ar 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. In the event of such waiver, Bort'ower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payrnent of Funds has been waived by L.ender and, if L.ender requires,
<br />shall furnish to Lender receipts 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 covenant and agreement 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 waiver, and
<br />Borrower fails to pay the amount due for an �scrow Item, Lender may exercise its rights under Section 9
<br />and pay such atnount and Barrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender rnay revoke the waiver as to any or all Escrow Items at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower sha11 pay to Lender all Funds, and in
<br />such amounts, that are then 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 specified under RESPA, and (b) not to exceed the rna�cirnum amount a lender can
<br />require under RESFA. L.ender shall estimate the amount 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, ar entity (including Lender, if Lender is an institution whose deposits are sa insured) or in
<br />any Federal Home Loan Bank. I.ender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under R�SPA. Lender 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 I..ender to znake such a charge. Unless an agreernent is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lend�r shall nat be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and L,�nder can agree in writing, however, that interest
<br />shall be paid on the Funds. L,ender shall give to Borrower, without charge, an annual accounting of the
<br />Funds as required by R�SPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, L,ender shall account to
<br />Borrower for the excess funds in accardance with R�SPA. if there is a shortage of Funds held in escrow,
<br />as defined under RESPA, L.ender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the arnount necessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />rnonthly payrnents. If there is a de�ciency of Funds held in escrow, as defined under RESPA, Lender sha11
<br />natify Borrower as required by RESPA, and Borrower shall pay to Lender the arnount necessary to make
<br />up the de�ciency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secuxed 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 irnpositions
<br />attributable to the Froperty which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessrnents, if any. To
<br />the extent that these iterns are Escrow Iterns, Borrower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single �amily - Fsnnie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-61NE) �oai � i Pege 5 of 15 iniciais: Form 3028 9/09
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