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20�10569� <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 are callerl "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 Borrower, and such dues, f�s and <br />assessments shall be an Escrow Item. Borrower shall pronnptly fiunish to Lender all notices of amounts to <br />be paid under this S�tion. Bonower shatl pay Lender the Funds for Escrow Items unless Lender waives <br />Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower'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 d'uectly, when and where payable, the amounts <br />due for any Escrow Items for which payment of Funds has been waived by Lender and, if I.ender requires, <br />shall fiunish to Lender receipts evidencing such payment within such time period as Lender may require. <br />Bonower's obligarion to make such payments and to provide receipts shall for all purposes be deemed to <br />be a covenant and agreement containerl 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 />Borrower fails to pay the amount due for an Escrow Item, L,ender may exercise its rights under 5e�tion 9 <br />and pay such amount and Borrower shall then be obligated under Seetion 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 norice given in <br />accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in <br />such amounts, that are then required under this Section 3. <br />Lender may, at any tinne, collect and hold Funds in an amount (a) sufficient to pemrit Lender to apply <br />the Funds at the time sp�ified 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 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 deposiCs are so insured) or in <br />azry 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 Bonower for holding and applying the Funds, annually <br />analyzirng the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the <br />Funds and Applicable Law permits I.�nder 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 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 ba paid on the Funds. Lender shall give to Borcower, without charge, 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 />Bortower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, <br />as define� under RFSPA, Lender shall notify Borrower as required by RfiSPA, and Bonower shall pay to <br />Le�der the amourn 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 eserow, as defined under RESPA, Lender shall <br />notify Bortower as required by RESPA, and Bonowar 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 a11 sums secured by this Se�urity Instrument, Lender shall promptly refund <br />to Sorrower any Funds held by Lender. <br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions <br />amibutable to the Property which can attain priority over this 5ecuriry Instrument, leasehold payments or <br />ground rents on the Properry, if any, and Community Association Dues, Fces, and Assessments, if any. To <br />the extent that these items are Es�row Items, Barrower shall pay them in the manner provided in Section 3. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6(NE) (0811} Page 6 ot 15 in�ta�s: Form 3028 7/01 <br />� � <br />