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<br />premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items aze called "Fscrow
<br />Items." At origination or at any time during the term of the Loan, Lender may requitre that Community
<br />Association 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 furnish to Lender all norices of aznounts to
<br />be paid under this Section, Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Bonower's obligarion to pay the Funds for any or all Escrow Items. Lender may waive Bonower's
<br />obligarion to pay to Lender Funds for any or all Fscrow Items at any time. Any such waiver may only be
<br />in writing. In the event of such waiver, Bonower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items for which payment of Funds has b�n waived by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing suc� payment within such time period as Lender may rec�uire.
<br />Bonower's obligarion to make such payments and to provide receipts shall for all purposes be d�med to
<br />be a covenant and agreement containefl 'vn this S�urity Instrument, as the phrase "covenant and agr�ment"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items dire,ctly, pursuant to a waiver, and
<br />Bonower fails to pay the amount due for an Escrow Item, Ixnder may exercise its rights under Se�tion 9
<br />and pay such amount and Borrower shall then be obligated under S�tion 9 to repay to I,ender any such
<br />amount. Lender may 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 shall pay to Lender all Funds, and in
<br />such amounts, that aze then required under this Seetion 3.
<br />I.ender 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 RFSPA, and (b) not to excee� the maximum aznount a lender can
<br />require under RESPA. Lender 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 aze 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 Eserow Items no later than the time
<br />specified under RESPA, Lender shall not charge Bonower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Bonower interest on tfie
<br />Punds and Applicable Law permits Lender to make such a charge. Unless an agre,ement is made in writing
<br />or Applicable Law requires interest to be paid on the Funds, I.euder shall not be r�uired to pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that inteiest
<br />shall be paid on the Funds. Lender shall give to Bortower, without charge, an annual accounting of the
<br />Funds as required by RFSPA.
<br />If there is a sutplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Bonower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RFS�A, Lender shall norify Bonower as r�uired by RESPA, and Bonower shall pay to
<br />Lender the amount uecessary to make up the shortage in accordance with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, I.ender shall
<br />nori:fy Borrower as required by RESPA, and Bonower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, L,ender shall promptly refund
<br />to Bonower any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay aIl taxes, assessments, chazges, fines, and imFasitions
<br />attributable to the Properiy which can attain priority over this Security Instrument, leasehold pa.yments 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 aze Escrow Items, Bonower shall pay them in the manner provided in Secrion 3.
<br />NEBRASKA - Single Famity - Pannie Mae/Freddie Mac UNIFORM IIYSTRUMENT
<br />�-6(NE) tos� t) Page 5 of 15 inKtais: Form 3028 1/01
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