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<br />premiu.ms, if any, or any sulns payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accorda.nce with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Associa�ion Dues, Fees, and Assessments, if any, be escrowed by Bonower, and such dues, fees and
<br />' assessments shall be an Escrow Item. Bonower shall promptly furnish to Lender all notices of amounts to
<br />; be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />' Borrower's obligation to pay the Funds for any or all Escrow Ttems. Lender may waive Borrower's
<br />! obligation to pay to Lender Funds for any or all Escrow Items at any time. Any suck waiver may only be
<br />', in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amoun.ts
<br />due fox any Escrow Ttems for which payment of Funds has been waived by Lender and, if Lender 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 purposas 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 />Bonower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9
<br />' and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender a.ny 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, Bonower shall 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 maxinnum amount 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 />i The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or eatity (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 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 Lender to make such a charge. Unless an agreement is made in writing
<br />', or Applicabla Law requires interest to be paid on the Funds, I.ender shall not be required to pay Borrower
<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 Borrower, without chazge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Fuads keld in escrow,
<br />as defined under RESPA, Lender sha11 notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary 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, Lender shall
<br />notify Bonower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the deficiency in accorda.nce with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured 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 impositions
<br />attributable to the Properiy 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 Assessments, i£ any. To
<br />the extent that these items aze Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />231108
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) �oa��) Page5 of 15 in�c�eis: �� Form 3028 1107
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