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200301162
<br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br />to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one
<br />Periodic Payment is out standing, Lender may apply any payment received from Borrower to the repayment ofthe Periodic
<br />Payments if, and to the extent that, each payment can be paid in full. Tothe extent that any excess exists after the payment is
<br />applied to the lull payment ofone or more Periodic Payments, such excess maybe applied to any laze charges due. Voluntary
<br />prepayments shall be applied first to any prepayment charges and then as dnerlbed in the Note.
<br />Any applecatfon ofpayments, insurance proceeds, or Miscellaneous Proceeds to principal due under theyete
<br />shall not extend or postpone the due date, or change I e amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Wilder on the day Periodic Payments are due wider the Note,
<br />until the Note is paid in full, a sum (the "Funds ") to provide for payment ofamounts due for: (a) taxes and assessments and
<br />other items which can attain priority over this Security Instrument ris alien or encumbrance on the Property; (b) leasehold
<br />or at anytime during the term ofthe Loan, Lender truly require that Community Association Dues, Fees, cord Assessments, if
<br />any, be escrowed byy Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />furnish to Lender allnotices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Punds for any, or all Lscrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for wry or all Escrow Items at any lime. Any such waiver may only be in writing. In the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br />payment of Funds has been waived y Lender and, if Lender requires, shall furnish to lender receipts evidencing such
<br />payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide
<br />receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, traffic phrase
<br />"covenant and agreement" is used in Section 9. If Borrower is obliggated to pay Escrow Items directly, pursuant to a waiver,
<br />and Borrower fails to pay the wnount due for an Escrow Item, Lander may exercise its rights under Section 9 and pay such
<br />amount and Borrower shall then be obligated under Section 9 to repay to Lender any suA amount. Lender may revoke the
<br />waiver as to arry or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation,
<br />Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at anytime, col leg[ and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at
<br />the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender
<br />shall estimate the amount of Funds due on the basis ofcurrent data and reasonable estimates of expenditures of future Escrow
<br />Items or otherwise in accordance with Applicable Lew.
<br />The Funds shall be held in an institution whose deposits are insured by federal a ency, instrumentality, or entity
<br />(including Lander, if Lender is an institution whose deposits are so insured) or in any Federal Home Wan Bank. Lender shall
<br />apply the Funds le pay the Escrow Items no later than the time specified under RESPA, lender shall not charge Borrower
<br />for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless lender
<br />pays Borrower interest on the Funds and Applicable Lew permits lender to make such a charge. Unless an agreement is
<br />made in writing or 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 shall be paid on the
<br />Funds. Lender shall give to Borrower, 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, lender
<br />shall notify Borrower as required by RESPA, and Borrower shall pav to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in
<br />escrow, as defined under RESPA, I ender shal I notify Borrower as required by RESPA, and Borrower shall payto Lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in PoII ofall sums secured by this Security Instrument, Lender shall promptlyrefund to Borrower any
<br />Fonds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, lines, and impositions attributable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Dues, fees, and Assessments, it-any. To the extent that these items are Escraw Items, Borrower
<br />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. (a)
<br />agrees in writing to the payment of the obligation seeurcd by the lien in a manner acceptable to Lender, but only so long as
<br />Borrower is performing such agreement; (b) contests the lien in good thin by, or defends against enforcement of the licit in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement ofthe Tien while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien air agrucmcnt satismartoryto
<br />Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a
<br />lien which can attain priority over this Security Instrument, lender may give Borrower a notice identifying the lien. Within
<br />10 days of the dale on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth
<br />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 />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 to, earthquakes and floods, for which Lender requires insurance. I his insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods that lender requires. What lender requires pursuant to the preceding
<br />sentences can change during the term of the I oan The insurance carrier providing the insurance shall be chosen by
<br />Borrower subject to fender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />I order may require Borrower to pay, in connection with this Loan, either' (a) a one -time charge for flood zone
<br />determination , certification and tracking services; or (b) a one -time charge for flood zone determination and certification
<br />services and subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shut] also be responsible for the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review ofany flood zone determination resulting from an objection
<br />by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. lender is under no obligation to purchase any particular type or amount of
<br />coverage- Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the
<br />Property, or the contents ofthe Properly, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was prevellSlyin effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly
<br />exceed Weeostofinsurnleelhat BorrowercouWhaveobtained. Any amounts disbursed by l ender under this Section 5 shall
<br />become additional debt of Borrower secured bythis Security Instrument. These amounts shall bear interest at the Note rate
<br />from the date of disbursement and shall be payable, with such interest, upon notice from lender to Borrower requesting
<br />payment.
<br />All insurance policies required by lender and renewals of such policies shall he subject to lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and /or as an
<br />additional loss payee. lender shall have lire right to hold the policies and renewal "F ifrcams. I Hander requires, Borrower
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance
<br />N'2BRASKA Single Family — Fannie Mae /Freddie Mae U'N'IFORM INSTRUM ENT Form3028 1/01 (pnge3of8pagu)
<br />9I54.CV,1 102) 1641802
<br />GOTOMOa
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