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<br />premiums, if any, or any sums payable by Bonower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance 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 />Association Dues, Fces, and Assessments, if any, be escrowed by Bonower, and such dues, fees and
<br />assessments sha11 be an Fscrow 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 Items. I.ender may waive Bonower'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, Bonower sb.all pay directly, when and where payable, the unounts
<br />due for any Escrow Items for wluch payment of Fuuds has b�n 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 />Bonower's obligation to make such payments and to provide receipts sha11 for all purposes be deemed to
<br />be a covenant and agre�ment 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 direr.tly, pursuant to a waiver, and
<br />Bonower fails to pay the amount due for an Escrow Item, L�nder may exercis� its rights under Se�tion 9
<br />and pay such amount and Bonower shall then be obligated under S�rion 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 Seetion 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
<br />such amounts, that are then required under this S�tion 3.
<br />Lender may, at any time, colle.ct and hold Funds in an amount (a) sufficient to pernut Lender to apply
<br />the Funds at the time specified under RESPA, and (b) ttot to exceed the maximum amount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current da.ta and
<br />reasonable estimates of expenditures of future Eserow 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 tbe Escrow Items no later than the time
<br />sgecified under RESPA. Lender shall not charge $orrower 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 Applicable Law requires interest to be paid on the Funds, Lender sha11 not be required to pay Bonower
<br />any interest or earnings on the Funds. Bonower and Lender can agree in writing, however, that interes�
<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, I.ender shall account to
<br />Bonower for the excess funds in accordance with RFSPA. If there is a shortage of Funds held in escrow,
<br />as defin�ed under RESPA, Le�nder shall notify Borrower as required by RESPA, and Borrower s�all pay io
<br />i�nder the amount uee�.ssary to make up the shortage in accordance with RE.SPA, but in no more than 12
<br />naonthly payments. If there is a deficiency of Funds held in escrow, as defined under RFSPA, Lender shall
<br />notify Bonower as required by RFSPA, and Bonower shall pay to Lender the amount necessary to make
<br />up the deficiency in accordancs with RESPA, but in no more than 12 monthly payments.
<br />Ugon payment in full of all sums securerl 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 Progerty which can attain priority over ttris Se,curiry 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 Fserow Items, Bortower shall pay them in the mamier provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6lNE) rosa i) Page 5 of 16 i�nreis:
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<br />Form 3028 1/01
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