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�0110609�
<br />premiums, if any, or any swns 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, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fe�s and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. Bonower 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. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver ma.y 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 been waived by Lender and, if Lender requires,
<br />shall furnish to I.ender r�eipts 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 purposes be deemed to
<br />be a covenant and agr�ment contain� in this Security Instivment, as the phrase "covenant and agreement"
<br />is use� in S�tion 9. If Bonower is obligat� to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower 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 obligate� under Secrion 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 Secrion 15 and, upon such revocarion, Bonower shall pay to Lender all Funds, and in
<br />such amounts, that aze 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 maximum amount a lender can
<br />require under RFSPA. Lender shall estimate the amount of Funds due on the basis of current data and
<br />reasonable estima,tes of expenditures of future Eserow Items or otherwise in accordance with Applicable
<br />I.aw.
<br />The Funds shall be held in an institurion whose deposits are insurefl by a ferleral agency,
<br />instivmentality, or entity (including Lender, if Lender is an insritution 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 />sp�ified under RESPA. Lender shall not chazge Borrower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Bonower 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 shall not be required to pay Bonower
<br />any interest or earnings on the Funds. Bonower and Lender can agree in writing, however, that interest
<br />shall be paid on the Funds. Lender shall give to Bonower, 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 RF.SPA, Lender shall account to
<br />Borrower for the exc,ess funds in accordance with RESPA. If there is a shortage of Funds held in escrow,
<br />as de� under RESPA, Lender shall norify Bonower as required by RESPA, and Bonower shall pay to
<br />L,ender the amount n�essary to make up the shortage in accordanc� with RESPA, but in no more than 12
<br />monthly payments. If there is a deficiency of Funds held in escrow, as defined under RFSPA, Lender shall
<br />notify Borrower as required by RESPA, and Bonower sha11 pay to Lender the amount ne�;essary to make
<br />up the deficiency in ac�ordance with RESPA, �ut in no more than 12 monthly payments.
<br />Upon payment in full of all sums s�ured by this Secusity Instrument, Lender shall promptly refund
<br />to Bonower any Funds held by Lender.
<br />4. Charges; Liens. Bonower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Associarion Dues, F�s, and Assessments, if any. To
<br />the extent that these items are Fscrow Items, Bonower shall pay them in the manner provided in Section 3.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UPIIFORM INSTRUMENT
<br />�-6(NE) toei i� Page 5 of 15 intctais: Form 3028 7/01
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