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<br />prerniums, if any, or any sums payable by Borrower tc� L�nder in lieu of the payment of Mort�age
<br />Insurance premauzn� in accordance with the provisions of Sectian 10. These it�ms are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may requir� that Community
<br />Association Dues, Fees, and Assessznents, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments 5ha11 he an ESCrow Item. Borrower shall promptly furnish to Lender a11 notices of amounts to
<br />be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unles� Lender waives
<br />Borrower's pbligation to pay the Funds for any or all Escrow Items. Lender rnay waive Borrower's
<br />obligation to pay to Lender Funds for any or al] Escrow Items at any tirne. Any such waiver may only be
<br />in writin�. In the event of such waiver, Borrower shall pay directly, when and where payable, tl�e amounts
<br />due for any Escrow ltems for which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment witk�in 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 cavenant and agreement contained in this Security Instrument, as fhe phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated tc� pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the amount due for an �scraw Item, Lender may e�ercise its right� under Section 9
<br />and pay such amount and Borrower shall then be obli�ated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all l:scrow Iterns at any time by a notice given in
<br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />5uch amounts, that are then required und�r this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) 5ufficient to permit Lender to apply
<br />the Funds at the time specified under R�SPA, and (b) nat to exceed the maximum arnount a lender can
<br />require under RESPA. l.ender shall estimate the amount af Funds due on the basis of current data and
<br />reasonable estimates of expenditures of future Escrow Itenis or othenvise in accordance with Applicable
<br />Law.
<br />The �'unds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal. Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall nat charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower inter�at on the
<br />Funds and Applicable Law permit� Lender to make such a charge. Unless an a�reement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, Lender shall not be required ta pay Borz
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Borrawer, without charge, an annua] accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as de�ined under RESPA, Lender shall account Ca
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escraw,
<br />as defined under RESPA, Lender shal] notify Borrower as required by RESPA, and Borrower shal] pay to
<br />Lender the amount necessary to make up the shortage in accordance with RESPA, but in no rnore than 12
<br />monChly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount n�cessary to make
<br />up the deficiency in accordance wzkh RESFA, but in no rnore than 12 monthly payments.
<br />Upon payxnent in full of all sums secured by this Secr.uicy Instrument, Lender shall promptly refund
<br />to Borrower any Pundti held by Lender.
<br />4. Charges; Liens. Bora shall pay all taxes, assessrnents, charges, fines, and impositions
<br />attributable to the Properiy whrch can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items are Escrow Items, Borrower shall pay thezn in the raaanner provided in 5ection 3.
<br />231043
<br />NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT 1
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