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��14�539� 1�3714�124 �ii� a monthly chaxge instead of a mortgage insurance premium if this Secunty Inslxument is he�d by the Secre�ary,in a reasanable amount to be detennxned by the Se�retary.Except for�he mon�hly �harge by�h.e Secretary,these i�ems axe cal�ed"Escrow�tems"and the sum�paid to Lender are �alled"Escrow Funds." Lender may, at any txme, �o��ect and hald amoun�s �or Escrow�tems �n an aggre�a�e amoun�not to exceed the maxxmum am.oun.t that may be required for Borro�ver's escrow accoun.t under the Real Estate Sett�exnent Procedures A�t of�974, I.2 U.S.C. Sec.2��I e�seq.and implementing rebu�a��ans, �.��.F.R. Part ��24, as they may be amended from�irne to ��me �RESPA�, excep�that the cushion or reserve permit�ed by RESPA for unan�YCYpated disbursements or d�sburseznen�s�a�fore�he Borr�wer's payments are availab�e rn the account may no�be based on amoun�s due for the mortgage insurance prem�um. Zf the amounts held by Lender far Escro�Items exceed the amounts p�rmitted to be he�d by RESPA, Lender shall deal�vi.th�he excess funds as required by RESPA.Zf the amounts of funds held by Lender a� any�ime are not suff��ent to pay the Escrow Items�when due, Lender may notify the Borrower and require Barrower to make up the shortage as permit�ed by RESPA. The Escrow Fu.nds are pledged as add�tional securi�y for a�l sums secured by�h�s Securi�r Ins�rumen�.If Borrower�enders to Lender�he fu�I payment of a�l such sums,Sorrativers accouxzt shall be credxted wxth �he balance remaining for al�insta�Iment z�ems �a�, �b}, and�c} and any mortgage insu.rance prem�um xnstallmen��ha�Lender has not become ob�igated�o pay to�he Secretary, and Lender shal�pr�mptly refund any exces� funds to Borrower. Zmmediately prior to a forec�osure sa�e of the Proper�y or its acquisit�on by Lender, Borrower's accflunt sha�� b� cr�d�ted �v�rith any baXance remaining for a�� �nstal�ments for items �a}, �b�, and �c�. 3. Appli�at�an�f Payments A11 payments under Paragraphs I and 2 shall be applied�ay Lender as foll�ws: • First,to the mor�gage Ynsurance premium ta be paYd by Lender to�he Secretary or ta the monthly charg�by�he Seeretary instead af�h.e man�hly mortgag�xnsurance prem.�um; • Second,�o any taxes, special assessmen�s, �easehald payments or ground rents,and f r�, flood and other hazard insuran�e premiums, as required; • Thard,�o in�erest due under the Note; • F�ur�h,ta amortiza�ion of�he pri.ncxpal of the Note;and o Fi�th,to�a�e charges due under the Nate. 4. Fire,F�oad,and ather Hazard Insur�nce Barrower shall insure aII zmprovements on the Property, whether now in exis�ence or subsequent�y erec�ed, against any hazards, casua��ies, and con�ingencies, including fire, �or�rh�ch Lender requxres �nsurance. This insurance shal�be maintained in the amounts and for the periads that Lender requires. Borrovver shal�a�sa insure a�I improvements on�he Propex�ty,vvhether now i.n exxstence or subsequently erec�ed,agaznst�oss by floods to the exten�required by the Secretary.A��insurance shall be carried wxth compan�es approved by Lender. The�nsurance pol�c�es and any renewals shal�be he�d by Lender and shall include loss payab�e clauses in favor of, and zn a form acceptab�e ta, Lender. In the ev�n��f Iflss,Borrow�r sha��gxve Lender immed�ate noti�e by mai1. Lender may make proof af Iass if not made promp�ly by Borrawer. Each insurance company concerned is h�re�y authan.zed and direc�ed to make payment for such Ioss directly to Lender,instead of to Borra�ver and�o Lender jo�nt�y. A�I or any part af�he znsurance pro�eeds may be applred by Lender,a�i�s opt�an,e��her F�HA�ebraska Deed of Trust-I2113 � �91.3 I Page 3 of 1�