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= � : .. ��15�4�45 � io3�i4o1a4 �ii� a manthly charge instead�f a mor�gage insurance premium if�h.�s Security Ins�rumen�is he�d by �the Secre�ary,xn a reasana�le arnount�o be de�ermined by the Se�re�ary.Except for�he monthl� charge by�he Secre�ary,these�tems are cal�ed"Escrow�tems"and the sums pazd�a Lender are caXled"Escrow Funds." Lender may, at any time, collect and ho�d amounts for Escrow�tems �n an a�grega�e amaunt not�a exc�ed�he maximum amoun��ha�may be required for Borrower's escrow account under the Rea�Estat� Sett�emen�Procedures Ac�of�974, �2 U.S.C. Sec.2��I e�seq.and im.p�ementxna regu�a�ions, �2 C.F.R. Part ��.4, as they may be amended froxn time to time �RESPA�, excep��ha�the cush�on ar reserve perm��ted�y RESPA far unantiGi�at�d disbursements or d�sbursements before the Borroweris payments are availab�e in the accoun�xxzay not be based on amoun�s due far the mortgage znsurance premrum. If the amou.nts held by Lender for Escraw Items exceed�he amaunts permitted�a be held by RESPA, Lender shal�deal uri�h the excess fiunds as required by RESPA.�f the amounts of fund�he�d by Lender at any�zme are not suffcient ta pa�the Escrour Items when due, Lender rnay notify th� Borrovver and requ�re Borrower to make up �he shor�age as perm�tted by RESPA. The Escra,w Funds are pledged as addi��anal securnty for a��sums secured by�his Se�uri�y�nstrumen�.Zf Borrower�enders to Lender�he ful�payment of a�i such sums,Borrowers account shal�be credited with the ba�ance remaining for a��ins�a�Iment items �a�, �b�, and�c} and any mor�gage insurance premxum instalimen��hat Lender has not�ecome ab�igated�o pay to �he Secretary, and Lender shall prompt�y refund any exeess funds �o Borrawer. �xnmedia�e�y pr�or�o a foreclosure sale af the Property or its acquisition by Lender, Barrow�rTs account sha�I be credxted w�th any ba�ance rem.a�ning for a�I ins�al�ments for items �a}, �b}, and �c}. 3. Appli�at�on�f Paym�nts A�1 paymen�s under Paxagraphs I and 2 sha��ae app��ed by Lender as fo�Iows: • Firs�, to the martga�e insuran�e premium�o be pai.d�y Lender to the Se�retary or to the month�y charge by the SeCretary instead of�he mon�h�y mor�aage Ynsurance prem�um; • Second,to any taxes, special assessments, �easeho�d payments or graund ren�s, and fire, flotid and �ther ha2ard xnsurance prem�ums, as required; • Th�rd,�a interes�due under the 1Vote; � Fourth,to amortization of the princ�pa�of the Note;and ■ F�fth,ta Iate charges due under the Note. 4. F�re,F�ood,and�ther�Iazard Imsurance B orrower sha�� nsure aII improvements on the Prop erty, whe�her now�n existenc e or sub s equent�y erec�ed, aga�nst any hazards, �asua��ies, and con�ingencies, includin�fzre, for whxch Lender requxres insurance. Th�s xnsurance shal�be m.ainta�ned�n the amounts and for the periads that Lender requ�res. Borrower sha�l also xnsure a�l impravem.ents on�he Properry,whether now in existence or subs�quently erected,agains�Ioss by floods to the ext�n�required by�he Secretary.All insuranc�shal�be carrmed wi�h companzes approved by Lender. The insurance po�ic�es and any renewals shall be held by Lender and sha��include Iass payab�e clauses in favor of, and in a farm acceptable�o, Lender. �n the event af loss,Borrawer sha�l give Lend�r xmmediate notice by max�. Lender may make proof af �oss if not made pramp��y by Barrower. Each insurance company cancerned is h�r�by au�hariz�d and d�rected�a make paymen�for such�oss direc�l�t�Lender,instead of�o Borrou�er and�a Lender�oin�Iy. AI�or any part of�he�nsurance pr�ceeds may be app�xed by Lender,a��ts op��on,either FHA Nebraska Deed of Trust-IZII3 � 39I.3� Page 3 of 1� � �