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<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br /> entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
<br /> Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA.
<br /> Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account. or
<br /> verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits
<br /> Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be
<br /> paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower
<br /> and Lender can agree in writing, however, that interest shall be paid on the Funds, Lender shall give to Borrower,
<br /> without charge, an annual accounting of the 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 for the
<br /> excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br /> Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to
<br /> make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a
<br /> deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by
<br /> RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with
<br /> RESPA, but in no more than 12 monthly payments.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br /> any Funds held by Lender.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br /> Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the
<br /> Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these
<br /> items are Escrow Items,Borrower shall pay them in the manner provided in Section 3.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: la)
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only
<br /> so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against
<br /> enforcement of the lien in,legal proceedings which in Lender's opinion operate to prevent the enforcement of the
<br /> lien while those proceedings are pending, but only until such proceedings are concluded; or(c)secures from the
<br /> holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If
<br /> Lender determines that any part of the Property is subject to a lien which can attain priority over this Security
<br /> Instrument, Lender may give Borrower a notice identifying the lien, Within 10 days of the date on which that
<br /> notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4.
<br /> Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service
<br /> used by Lender in connection with this Loan.
<br /> 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> insured against loss by fire, hazards included within the term "extended coverage," and any other hazards
<br /> including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall
<br /> be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br /> requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier
<br /> providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice,
<br /> which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this
<br /> Loan, either: (al a one-time charge for flood zone determination, certification and tracking services; or(b)a one-
<br /> time charge for flood zone determination and certification services and subsequent charges each time
<br /> remappings or similar changes occur which reasonably might affect such determination or certification. Borrower
<br /> shall also he responsible for the payment of any fees imposed by the Federal Emergency Management Agency
<br /> in connection with the review of any flood zone determination resulting from an objection by Borrower.
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 302B 1/01
<br /> vMP ® VMPB(NE) (1105100
<br /> Wolters Mower Financial Services Page 5 of 15
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