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200301786 If Lender receives a payment from Borrower for a delinquent Periodic Paymcnt which includes a sufficient amount to pay any late charge due, the payment may, be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received om Borrower to the repayment ofthe Periodic Payments if, and to the extent that, each payment cal be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may he applied to any late charges due. Voluntary prepayments shall he applied first to any prepayment charges and then as described in the Note. Any application of payments, Insurance proceeds, or Ml see Ihown s Proceeds to principal due under the Note shall not extend or postpone the due date, or change the aniount, ofthe Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in fill, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, ifany; (c) premiums for any and all insurance required by Lender wider Sections; and (d) Mortgage Insurance premiums, it any, or any sums payable by Borrower to Lender m ben oRhe payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination oratanytime during the term of die Loan, Lender may require that Community Association Dues, Fees, and Assessmena f any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly Furnish to l ender all notices ofanounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Under Funds for any or all Escrow Items at anytime. Any such waiver may only be in writing. In the event of such waiver, Borrower shall ray directly, when and where payable, the amounts due for any Escrow Items for which as payment of Funds h been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower falls to pay the amount due form Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Iender any such amount. Lendcr may reOlethc waiver as to any oral] Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an arnount (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Under shall estimate the amount of Funds due on the basis ofcurrent data and reasonable estimates of expenditures oftumre Escrow Items ur otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by federal agency, instrumentality, or entity (including Lender, ifLender is an institution whose deposits are so insured) or in an Federal I lome Form Bank. Iender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower fur holding and applying the Funds, annually analyzing the escrow, account, or verifying the Escrow Items, unless Under pays Borrower interest on the Funds and Applicable Low permits Lender to make such a charge, Unless an agreement is made in writing or Applicable Law requires Interest to be paid on the Funds, fender shall not he required to ray Borrower anv interest or earnings on the Funds. Borrower and Lander can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting ofthe Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess Funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RF,SPA, and Borrower shall pay to Lender die amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. Ifthere is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Letnder the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full ofall sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lendcr. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions whibuchh, to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, ifany, and Community Association Dues, Fees, and Assessments, ifany. To the extent that these nuns arc Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Burrower: (a) agrees in writin((,,*to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is perPorning such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lienwhichcanattainprioriry over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days ofthe date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Linder in connection with this Loan. 5. Properfylnsnrance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fare, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which lender requires insurance. This insurance shall be nnaintained in tie amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Leader's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this loan, either: (a) a one -time charge for flood zone determination, certification mid tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Burrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Theref ore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents ofthe Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by l ender under this Section 5 shalll baume additional debt of Borrower secured bythis Security Instrument These amounts shall bear interest at the Note rate from the date of dishursemera and shall be payable, with such interest, upon notice from Under to Borrower requesting payment. All insurance policies , sal required standard Lender and renewals e, such policies shall be subject to Lender's right to disapprove such policies, shall include a standard old morttage clause, and shall name Lender as mortgagee and/or as is shall promptly payee. Lender shoe receipts of right dpremiums and and renewal certificates. any form shall promptly give to Lender all receipts ofpaid premiums and renewal notices. If Borrower obtains any form of insurance NEBRASKA Shigle Family—Fannie Mae/Freddie Mae UNIFORM INSTRUMENT Fnrm3028 1/01 (po8e3 %y VnB 1114 Lv(1,Q) 16514% COT0000419te)