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<br />provide receipts shall for all purposes be deemed to be a covenant aad agreement contained in this Security
<br />Inslrument, as the phrase °covenant and agreement" is used in Section 9. If Borrower is obligated to pay
<br />Escrova+ Ttems directly, pursuant to a waiver, and Borrawer fails to pay the amount due for an Lscrow Item,
<br />T ender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated
<br />under Section 9 to repay to Lender any such. amount. Lender may revoke the waiver as to any or all Escrow
<br />Items at any time by a notice given in accordance with Section 15 and, upon such revacation, Borrower sha11 .
<br />pay to Lender alI Funds, and in such amounts, tkat are tken required. under this Secrion 3.
<br />Lender may, at �y time, collect and hold Funds m an amount (a) sufficient ta permit Lender to apply the
<br />Funds at the time specified under RESPA, and (b) not to exceeci the maximum amount a lender can require
<br />under RESPA. Lender shall estimate the amount of Funds due on the basis of cturent data and reasonable
<br />estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a fedexal agency, instrumentiality,
<br />or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any F.ederal Home
<br />Loan Bank. Lender shall apply the Funds to pay the Eserow Items no later than the time sgecified under
<br />RESPA. Lender shall not charge Borrower for halding and applying the Funds, annually analyzing the escrow
<br />account, or verifying tlie Escrow Items, unless Lender pays Boxrower interest on the Funds and Applicable
<br />Lativ permits Lender to make such a charge. Unless an agreenne�t is made in wrifing or Applicable La.w
<br />requires interest to be paid on the Funds, Lender shall not be required to. pay Barrower any interest or
<br />earnings on tfie Funds. Borrower aud Lender c�ri �gree itt writing, however, that interest sha11 be paid on the
<br />Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by
<br />RESPA.
<br />If there is a surplus of �unds held in esarow, as de�ned under RES�'A, Lender shall account to Borrower
<br />for tfie excess funds in accordance with RESPA. Tf there is a shortage of Funds held in escrow, as defined
<br />uttcier RESPA, Lender shall notify Borrower as required by RFSPA, and Bo�nrower shall pay to Lender the
<br />amount necessary to make up the shortage in accordance with RESPA, but in no more ihan 12 montlily
<br />�payments. If there is a defciency af Funds held in escrow, .as.defned under RESPA, Lender shall notify
<br />Borrower as iequired by RESPA, and Borrower shall pay to Lendez the amotmt necessary ta make up the
<br />defieiency in accordance with RESPA, but in no more than 12 manthly payments.
<br />Upon payment in fiill of a11 sums secured by this Security Instzument, Lender shall promptly refund tv
<br />Borrower aay Funds held by Lender.
<br />4. Charges; Liens. Borrower sliall pay all taxes, assessmients, charges, fines, an.d im.positions attxibutable
<br />to the Properiy which can attain priority over this Security Instrument, le,asehold payments or ground rents on
<br />the Properiy, i£ any, and Community Associati.on Dues, Fees, and Assessments, if any. To the extent that
<br />these items are Esarow Items, $orrower shall pay fihem in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Inst�vment unless
<br />Borrowex: (a) agrees in writing to the payment of the obligaxion secured by the lien in a manner acceptable to
<br />Lender, but only so long as Borrower is performing such agreement; (b) contes�s the lien in good faith by, or
<br />defends against enforcement of the Iien in, legal proceedings which in Lender's opinion operate to pravent the
<br />enforcement of the lien while those proceedi.ngs are pending, but only until such proceedings are concluded; or
<br />(c} secures from the holder of the lien an agreement satisfactory to Lender subordinating the Iien to this
<br />Security Instrumen� If Lender determines that any part of the Froperiy is subject to a lien which can attain
<br />priority over this Security Instrumettt, Lender may give Borrower a notice identifying the lien. Wi�thin 10
<br />days of the date on wluch that notice is gi.ven, Borrower shall sal:isfy the lien or take one or more of the
<br />actions set forth above in this Section 4.
<br />Lender ma.y require Borrower to pay a one-time charge for a real estate tax verification andlor reporting
<br />service used by Lender in conttectzon wi.th this I.oan.
<br />5. Property Insurance. Borrower shall keep the improvements naw existing or hereafter erected on Yhe
<br />Property insured against loss by fire, hazards includ� within the term °extended coverage," and any other
<br />flazards including, but not limited to, earthquakes aud floods, for which Lender requires insurance. This
<br />insurance shall be maintained in the amounts (including deduch'ble levels} and for the periods that Lender
<br />requires. What Lender requires pursuanf to the preceding sentemces can change during the term. of the Loan.
<br />The insurance carrier providing the insurance shatl be chosen by Borrower subject to Lender's rigkt to
<br />disapprove Borrower's choice, wlrich right shall not be exercised tmreasonably. Lender ma.y require Borrower
<br />to pay, in conneetion with this Loan, either: (a) a one-time charge for flood zone determination, certification
<br />and tracking services; or (b) a one-time charge for flood zone determination and certification services and
<br />NEBRASKA- Singte Family - FannieMas/FreddieMac UNIFORlIAA INSTRUMENT
<br />Form 30281/01 �,,� /
<br />�aser Fom,s inc. {SOO� aas.3555 � ,(�/ �
<br />tF'I#F'Nnna3o2s aroz Page5 oP 13 Inidals: _1_2 "_1_L._'�
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