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2'00300009
<br />fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br />Borrower shall [hen he obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any
<br />or all Escrow Items at soy time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay
<br />to Lender WI Funds, and 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 the Funds at the
<br />time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall
<br />estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items
<br />or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lender' if Lender is an mantmion whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for
<br />holding and applying the Funds, ammfB analyzing the escrow account, or verifying the Escrow Items, unless Leader pays
<br />Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in
<br />win ag or Applicable Law requaes interest to be paid tun the Funds, Lender shall not be required m pay Borrower any interest
<br />or earnings on the Funds. Boriower and Lender can agree is writing, however, that interest shall be paid on the Funds. Lender
<br />shall give to Borrower, withom charge, an a Osd accounting of the Funds as required by RESPA.
<br />If there is a angles of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess
<br />funds i¢ accordance with RESPA. If [here is a shortage of Funds held in escrow, as defined udder RESPA, Under shall notify
<br />Borrower as required by of ISA, and Borrower shall pay to Leader the amount necessary to make up the shortage in
<br />as i rdarce with RESPA, but in no more than 12 all payments. If there is a deficiency of Funds held in escrow, as
<br />defined under- RESPA, lie mdse - shell *dotify Bormwer-as =regWred; by, RFSPA,. and Borrower shall pay to Lender the amount
<br />necessary to make up the deficiency in accordance with RESPA, but in an more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />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 rem on the Property, if any,
<br />and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower
<br />shall pay them in the =meet provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower. (a) agrees
<br />in writing m the payment of the obligation secured by the lien in a manner acceptable [o Lender, but onty so long as Borrower
<br />is performing such agreemem; fl, contests the lien in good faith by, or defends against enforcement of the lien in, legal
<br />proceedings which in Lender's opinion operate to prevent the enmcement of the lien whtle [hose proceedings are pending, but
<br />oWy until such proceedings are concluded; or (c) secures from the holder of the lien an agreement sazfsfacmry m Lender
<br />subordinating the lien to this Security Instrument. If Lender determines that any par of the Property is subject [o a lien which
<br />can auxin priority over this Security ]nsttumenl, Lender may give Harrower a act._ identifying the lien. Within 10 days of
<br />the date oa which that notice is given, Borrower shall satisfy the lien or take one or more of the aetions set forth above in this
<br />Section 4.
<br />Lender may require Borrower to pay a one -time charge for a real estate tax verification and /or reporting service used by
<br />Lender in connection with this Loan.
<br />S. 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 including, but not
<br />limited m, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods that Leader requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject m Lender's right [o disapprove Borrower's choice, which right shall not be exercised uareasonably. Lender may
<br />require Borrower to pay, in connection with [his Loan, either: (a) a one -time charge for flood zone determination, certification
<br />and [racking services;: of (b) a one -time charge for Hood zoce d^.[errnemtioa and certification services and subsequent charges
<br />each [m1a remappiogs or similar changes occur which reasonably might affect such determination or certification. Borrower
<br />shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection
<br />with the review w any flood zone determina[io¢ resulting from an objection by Borrower.
<br />If Borrower fails [o maintain any of the coverages described above, Leader may obtain insurance coverage, at Lender's
<br />option and Borrower's expense. Leader is under no obligaioa to purchase any particular type or amount of coverage.
<br />Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or
<br />the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was
<br />previously in effect Borrower acknowledges [hat the cost of the insurance coverage so obtained might significantly exceed the
<br />cos[ of insurance that Borrower could have obtained. Any amounts disbursed by Leader under this Section 5 shall become
<br />adduional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note raze from the
<br />date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />All insurance policies required by Leader and renewals of such policies shall be subject to Lender's right to disapprove
<br />Such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and /or as an additional loss payee.
<br />Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to
<br />Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise
<br />required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and
<br />shall name Lender as mortgagee and/or as an additional loss payee.
<br />In the even[ of loss, Borrower shall give prompt notice in the insurance carrier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Leader and Borrower otherwise agree in writing, any insurance proceeds,
<br />whether or no[ th e underlying insurance was required by Lender, shall be applied to es ration or repair of the Property , B the
<br />res[omtion or repair is economically feasible and Lender's security is oo[ lessened. During such repair and restoration period,
<br />Lender shall have the right [o hold such insurance proceeds until Lender has had an opportunity to inspect such Property [o
<br />ensure the work has been completed m Lender's sazisfac[ion, provided that such inspection shall be undettakea promptly.
<br />Lender may disburse proceeds for th e repairs and restoration in a single payment or in a series of progress payments as the
<br />work is completed. Unless an agreement rs made io writing or Applicable Law requires interest to be paid on such insurance
<br />procceds, Lender shall not be required [o pay Borrower any interest or earnngs on such proceeds. Fees for public adjusters, or
<br />other thirdpanies, retained. by Borrower shag -mot be paid 0m of the insurance pn;ceds and sball tie the sole obligaion of
<br />Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance
<br />pro a shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Borrower. Such tnsumoce proceeds shall be applied is the order provided for in Section 2.
<br />If Borrower abandons the Property, Leader may fdc, negotiate sad settle any available insurance claim and related
<br />matters. If Borrower does not respond within 30 days [o a notice from Lender [hat the insurance carrier has offered to settle a
<br />claim, [hen Lender ma negotiate and settle the claim. The 30.day ppeeriod will be gin when the w[ice is givenln either even[,
<br />or if Lender acquires the Property under Sectiou 22 or otherwise, H0 OWf[ hereby assigns [o Lender (a) Borrower's rights [o
<br />any insurance proceeds in an amount not m exceed the amounts unpaid under the Note or this Security Instrument, and (b) soy
<br />other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance
<br />Policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the
<br />insurance proceeds either to repair or feature the Property or in pay amounts unpaid under the Note or this Security Instrument,
<br />whether or not [hen due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days
<br />after the execution of this Security Instrument and shalt continue to occupy the Property as Borrower's principal residence for
<br />at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be
<br />unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />. NEBRASKA— Single Family —FanNe MaelFredd, Mac UNIFORM INSTRUMENT /�// ���n (( �'Form 3028 1101
<br />B-n — byeleme, Irc., h Clwd, MN Fmm MO -1 NE 8 /172000 _ 4 s,,, 3 of7paul �
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