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<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only
<br />be in writing. In the event of such waiver, Bonower shall pay directly, when and where payable, the
<br />amounts due for any Escrow Items for wtrich payment of Funds has been waived by Lender and, if Lender
<br />requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender
<br />may require. Borrower's obligation to make such payments and to provide receipts sha11 for all purposes
<br />be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant
<br />and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to
<br />a waiver, and Borrower fails to pay the aznount due for an Escrow Item, Lender may exercise its right�
<br />under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to
<br />Lender any such a.mount. Lender may revoke the waiver as to any or all Escrow Items at a.ny time by a
<br />notice given in accordance with Section 15 and, upon such revocation, Bortower shall pay to Lender all
<br />Funds, a.nd in such amounts, that are 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 a,mount a lender can
<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data, and
<br />reasonable estima.tes 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 are insured by a federal agency, instrumentality,
<br />or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal
<br />Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified
<br />under RESPA. Lender sha11 not charge Borrower for holding and applying the Funds, annually a.nalyzing
<br />the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds
<br />and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or
<br />Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<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 Bonower, without charge, an annual a.ccounting 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 Borrower
<br />for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined
<br />under RE5PA, Lender sha.11 notify Borrower as required by RESPA, and Bonower sha11 pay to Lender
<br />the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly
<br />payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify
<br />Bonower as required by RESPA, and Borrower sha11 pay to Lender the amount necessary to make up
<br />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 5ecurity Instrument, Lender shall promptly refund to
<br />Borrower any Funds held by Lender.
<br />4. Charges; Liens. Borrower sha11 pay all taxes, assessments, charges, fines, and impositions attributable
<br />to the Property which can attain priority over this Security Insirument, leasehold payments or ground
<br />rents on the Property, if any, and Community Association Dues, Fees, and Assessmenis, if any. To the
<br />extent tha,t these items are Escrow Items, Borrower sha11 pay them in the manner provided in Section 3.
<br />HCFG00359
<br />NEBRASKA�Single Family-Fannie MaelFreddie Mec UNIFORM INSTRUMENT
<br />VMP�
<br />Wolte�s Kluwer Fina�fal Services 207110124.0.0.0.4002-J20110525Y
<br />Fortn 30281/01
<br />03/11
<br />Page 5 of 17
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