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<br />premiums, if any, or any sums gayable by Borrower to Lender in lieu of the payment of Mortgage
<br />In.guzance premiums in accordance with the provisions of Section 10. These items are called "Escrow
<br />Items." At origination ar at any time during the term of the Loan, Lender may require that Community
<br />Association Dues, Fees, a.nd Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Bonower sball promptly fiunish 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 f,he Fuads for any or all Escraw Items. Lender may waive Bortower'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, Borrower shall pay directly, when and where payable, the amounts
<br />due for any Escrow Items 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 paytnents and to provide receipta shall for all purposes be deemed to
<br />be a covenant a.nd agreement contained in this Security Instru.ment, 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, aud
<br />Bonower fails to pay the amount due for an Escrow Item, Lender may exercise its rights und� Sectiou 9
<br />and pay such amount and Bortower shall then be obligated under Section 9 to repay to Lender 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 aamounts, that are then required under this Section 3.
<br />Lender may, at any time, collect aud hold Funds in an amount (a) sufficient to petmit Lender to apply
<br />the Fuuds at the time specified under RESPA, and (b) not 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 data and
<br />reasonable estimates of expendihues of future Esorow Items or otherwise in accordance with Applicable
<br />Law.
<br />The Func3s shall be held in an institution whose deposits are insured by a federal agency,
<br />instnunentality, 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 uttder RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escraw Ttems, 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 intetest to be paid on the Funds, Lender shall not be required to pay Bonower
<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 charge, an annual accounti.ng of the
<br />Funds as required by RESFA.
<br />If there is a surplus o£ Funds held 'vn escrow, as defined under RESP.A, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necassary 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 undet RE5PA, Lender shall
<br />notify Bonower as required by RESPA, and Bortower 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 Instnunent, Lender shall promptly refund
<br />to Bonower any Funds held by Lender.
<br />4. Charge�; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
<br />attn`butable to ttie Properly which can attain priority over this Security Instnunent, 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 them in the manner provided in Section 3.
<br />NEBRASKA- Singie Family - Fannie MaelFreddie Mac UNIFORM INSTRUMPNT
<br />�-6(NE) �oaT�� Page5of15 i�id � Form3028 1/01
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