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201103790 xiii�s�9s9 Insuranee premium.s in aCCOrdanee with the provisions of Section 1D. These item�s are called "Eserow Items." At origination or at any time during the term of the �oan, Zendes anay sequire that Commnnity Association Dues, Fees, and Assessments, if any, be escrowed by �onrovaer, a,nd such dues, fees a.nd assessment� sha11 be an Eserow Item. Borrower shall �rompfly fumish to Lender all notices of amonnts to be pai.fl under this Sectian. Borrower shall pay Len�ler the Fwnds for Escrow Items �aless Lender wai'ves Borrower's obligafion to pay the Funds for any or all Escraw Items. Len.der ma.y waive Borrower's obligation to pa� to Lender Flmds for any or all Escrow Items at 3� tir�e. Any such wa.iver may only be in writing. In the event o�'such waiver, Borrower shall pay directly, when az�fl where payable, rhe amonnts due for �ny Escrow Ttems �or whiah paymeat of F�nds has been waived by Lender an�, if �,ender requires, sha31 �urnish to T..emder reeai,pts evidencin� such payment within snch time period as Lendet inay require. $orrower's obligation to make such payments and to pro�ide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Znstrument, as the phrase "covenaut anfl agreement" is used in Section 9. �f Borrbwer is o�ligated to pay �scrow items directly, piirsuaut to a waiver, aad Borrower fails to pay the amounx due for an Escrow Item, Lender ma.y eXezcise its rights under Section 9 and pay snc$ a�aowut and Borrqwer shall then be obli.gated under Se.�tiqz� 9 to repay to T eAdet any snch amoun� Lender may revo$e the wazvar as to any or all Escruw Items a't any ti�,e by a notice giv�n in accordanee with Section 15 and, upon sacb xevoca�ion, Boaoiver shall pay to Lender all �unds, and 'm such amow�.ts, ihat are then requitred under this Section 3_ Lender m&y, ax any time, cvllect and hold F1mds in an amount (a) suffcierit to permit Lender to apply the Funds at the Yime specified under RESPA, and (bj not to exceed the maarim`am amount a kender cati require �under R�SPA. Lender 5ha11 estim�.te the a3nount of Flixads due on the basis of cnrrent da�a. and reasonable estimates of expendit�res of futuxe Escrow Items or otheravise in accordance with Applicable Law. The Funds s�a11 be heTd in an iastitution whose deposits are insuted bq �a fedexal agency, instrv.meatality, or entity (mcluding Lender, if LendeF is asl institution whose depo5its are �o insaredj or in any Federal Home Lo�n Bank Zendez shall apply the Funds to pay the Escrov� Items no later tha� the time speci�ied under RESPA. Lender shall �ot cl�rge Bprro�o►ver for holrling and appt}>ing the Fnnds, annualTy analyzing the escrow account, or verifying the Escrow Items, naless Lender pays Borrowez inEerest on the �t�ds apd Agplicable Law permits Len�ier to make such a charge. Unl�ss aa agreement is made in writfng or Applicable La.w requires interest to be paad on the Punds, Lender shall not be required to pay Brnrrower any interest or earnings on the Funds_ Borrower and Lender can agree in'writing, however, thax interes'i shall be paid on fhe Fands. Lender shall give to Boa�awcr, vaithput char�e, an a�nual acsovmting of the Funds as reqnired by �iESPA. If there is a surplus of Funds field in escrow, as defined und�r RESPA, Lender shall account tb Boirower for the excess fitnds in accarda�ace with RESPA. If there is a shortage of Fbnds held in escrow, as defined under RESPA, Lender shall noti�y Borto�er as zequized by RESPA, and �orrowez shall pay to Lender the amo�n.t necessary to mak� np the shortage in accordaace vr�th RE��'�, but in no ruore than 12 monthlq payments. If there is a de�ciency bf Fun41s held in escrow, as defined undez RESPA, Lender shall notify Borrower as required by RESPA., and Borrower shall pay to Lender the amount necessar� to make up the deficiency in accordance wit$ RESRA, buk in no zaore than I2 mnnthly payments. Ugon paymeat in �iz11 of ail sums sect�aed by this �ecnrity Instr�ment Lender shall proxnptl� refund to Borzower any Fnnds held by I.ender. 4. Charges; L3ens: Borrower sflall pay alI i�es, assess�ents, charges, fines, and impositions attn�uta.ble to the Property wl�ch cap attai.n pziority over t�is Security In�trument, le�sehold payments or grotmfl rents on the Property, if any, and Community Associatio� Dues, Fees, aud Assessments, if aay. To the extent that these items are Es�row Items, Sosrower sha11 pay tham in khe mamner prouided 'm Section 3. Boxrower si�l proxnptly discharge any ken which has pxiority� over this 3ecurity Instxumeirt unless Borrower: (a) agrees in writing to the payment of the obligation sec�red by the lien in a inanner accept�lile to Lenfler, but only so long as Boaower is perfomiing such agreement; (b) contests the lien in good �aith by, oz defends against enforcement of the Iien in, 1ega1 proceedings which in Lender's opinion operate tp prevent fihe enforcement o� the lien whilE those proce�dings are pend,ing, bux only u�til such proceedings are conclr�ded; oz (c) secures from t�e holder of the lien au agreement satisfa�tory to T,ea�ier subordinafmg the lien to ti�is Security Instrument. If Lender determines that any psrt of the Pxoperty is subject to a lien yvhieh eau �ttain priority over this Secux'ity Instxument, Lender zGay gnre Borrower a aotice identif�ing the lien. Within 10 days of the date on which that not�ce is given, Borromer shall satisfy 13�e lien br talee one dr more of the actions set forth above in this Section 4. Lender may require Bo�ower ta pay a one-time c�zge foz a real estate tax verification and/or reporting service used by Lend�er in eonneetion with t�is Loa:n. 5. Property Insni'ance. Barrower shall keep the improveme,nts now existin,g or hereai�er erected on thB Property NEBRA,SKA—S�glaFe�y-FawuO Mae/Freddia Macl'JNIF'OIiM TNSTRUMIIVT +� 3383 Page 4 of 12 .► 1 � .._ ..... . , - ,;� . .,....— __ ._ - - -- . . .. Form 30281/01 _ ,.� . _ _ ..._._._.� __-- �_._ ___....---�-- - .. .