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200302581
<br />If Lander receives a payment float Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br />to pay any late charge due, the palancnt may be applied to the delinquent payment and the late charge. If more than one
<br />Pei odic Payment is outstanding, Lender may apply any paymen received fi am Borrower to the repayment ofthe Periodic
<br />Puymans Jr, i and Lo the extent that, each payment can be paid in full_ To the extent that any excess exists after the payment is
<br />applied to the full payment of "tic "r more Periodic Payments, such excess may be app[ ied to any late charges due. Volunlary
<br />prepayments shall be applied first to any prepayment charges and then as described In the Note_
<br />Any application ofpnylnents, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, ofthe Periodic Payments.
<br />3. Funds for Escrow Items. deli ower shall pay to fonder on the day Per iodic Payments are due under the Note,
<br />until the Note is paid in fill[, a sum (the ' funds') to provide for payment ofzmounts due for: (a) taxes and assessments and
<br />other items which can attain priority over this Security Lnstruntent as a lien or encumbrance on the Property; (b) leinithold
<br />payments or ground rents on the Property, ifany; (c) premiums for any and all insurance required by Lenderunder Section 5;
<br />and (d) Mortgage Insuratce prenliunls, fans, or any sums payable by But to Leader m lieu offhe payment ofMorlgege
<br />Insurance premiums in accordance with the prov is tans of Section 10_'1'hese items are called "Escrow Items " At origination
<br />or at any l into for i ng the term "Rhc Loan, Lender stay req are that Commonly Assoc iatiorh D Lies. Feu, and Asscasntents, if
<br />any, be escrowed 1w Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />fianish to Lender .If notices ofamaun[s to be paid under this Section. Borrower shall pay I under the Funds for Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender nlay waive Bortowet'a
<br />ch ligation to pay to Lender funds for any or all Escrow Items at anytime. Any such waiver may only be in writing. In the
<br />wool of such waiver, Borrow ershalI pay tiredly, when and where payub It, .[tic amounts due for any Escrow Items for which
<br />payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such
<br />payment within such [into period as Lender may require. Burrower's obligation to make such payments and to provide
<br />receipts shall for all purposes be deemed to ben covenant and agreement contained in this Security Instrument, as the pluase
<br />'covenant end agreement' is used m Section 9. IBurrower is obligated to pay Escrow Items directly, pursuant to a waiver,
<br />and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and poysuch
<br />amount and Borrower shal I then he obligated under Section 9 to repay to I under any such amount Lender may revoke the
<br />waiver as to env 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 any time, collect and hold Funds in an amount (a) sull'n:icnt to permit Lender to apply the Funds at
<br />the Rine specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender
<br />shat I estimate the amount of Funds due on the basis ofcurrent data and reasonable estimates ofcxpendilares of ftnure Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />The Ponds ,toll be held in an institution whose deposits are insured by a federal agency, ins[rnnenlolity, or entity
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home loan Bank Lender shall
<br />apply itte Funds to 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 Burrower interest on the Fund, and Applicable Law 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 pry Borrower
<br />any in[ac,t nr canlings nn the Funds. Burrower and Lcudcr can agree in writing, however, that interest shall Ke paid on the
<br />Funds lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
<br />Iftlmre is a surplus of Funds held in escrow, as defined under RF,SPA, Lender shall account to Borrower for the
<br />canes, fiords in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender
<br />,hull lobby Burrower as required by RESPA, and Burrower shall pay to Lender the amount necessary to make up the
<br />shortage is accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in
<br />cscrew, as defined under RESPA Lauder shall uotify Burrower as required by RESPA, and Borrowershall payto under Me
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon pa 'nu'a in full "fall sums secured by [his Security Instrmnenl, (under shall promptly re Rind to Borrower any
<br />Funds held by Lander.
<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 rents on the Property, if any,
<br />and Cant non ity Association Dues, Fees, and Assessments, ifany. In the extent that these ilems are Escrow Items- Borrower
<br />shall pay them in the manner provided in Section 3.
<br />But rrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower (a)
<br />agrees in cantina to the payment ofthe obligation secured by the lien in a manner acceptable to Lender, but only so Tong a,
<br />Borrower is perglorming such agreement; (b)) contests the lien in good faith try, or defends against enforcement ofthe Tien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the hen while [hose proceedings are
<br />pending but Lin y writ such pn¢culn gs arc concluded; or (c) Nccures from the holder offhe Tien an agreement satisfactory to
<br />Lender subordinating the lien to this Security Instrument, If Lender determines that any part ofthe Property is subject lea
<br />lien which eau attain priority over this Security lionanheul, Lcndennsrygive Borrower a notice identifying the lien Within
<br />10 days ofthe date on which that notice is given, Borrower shall satisfy the Tien or lake one of more ofthe actions set forth
<br />ub"ve in this Section 4.
<br />Lender may require Borrower to pay a one -lime charge for a real estate tax verification and/or reporting service
<br />used by Lzndcr in cmnue lion with phis Loan.
<br />5. Property Lnsnrance. 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, hint tint
<br />limited to, earthquakes and floods, for which Iznder requires Ilnmri m,, 'Chic insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods that Lender requires. Wltal 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
<br />Borrower subject to Lenders right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with this Icar, either: (a) a one -time charge for Flood zone
<br />determination, cer[if cation end tracking services; or (b) a one -time charge for flood zone determination and certificati "n
<br />services and subsequent charges each Lime remappings or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall also be Iest sin f payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review nfany flood zone determination resu hung front an objection
<br />by Burruwcr.
<br />If Borrower fails to maintain any of the coverages described above, Iznder may obtain insurance coverage, at
<br />Iznder', option ant Burruwcr', expense. Leader is under no obligation to purchase any panic Ilor type or amount of
<br />coverage Therefore, such coverage shall cover Lender, but might or might not protecBurrower, Borrower's equity in the
<br />I'r"perly, or I he contents ofthe Property, against any risk, hazard or liability and might provide grreLCr or lesser coverage
<br />thanwaspreviouslyinetfect. Borrower acknowl edges that the cost ofthe insurance coverage so obtained,, fight sign ificantly
<br />exceed the cost ofinsurance that Borrower could have chrmed. Any;mimmisdisbursedlu Ianderunrlerlhis Section 5 shall
<br />bcannc aJJiliwlal Jebt uBmrower secured by this Security lnslmmen[. These amounts s ta116eor interest at the Note m e
<br />from the date of disbursement and shall be payable, with such interest, upon notice from I ender to Borrower requesting
<br />p lymenL.
<br />All insurance policies required by Iznder and renewals ofsuch 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 / "r as an
<br />additional loss payee_ Lender shall have the rightto hold the policies and renewal certificates. If ender requires, Borrower
<br />shall promptly give to Iznder all receipts of paid premiums and renewal notice,. If Borrower obtains any Corn of insurance
<br />NFIIRASKA Single l'emily- -0vanit7dieArld,fie Nlae IN IFORM INS I'RUNIEN'I Form3028 1/01 /P ^Seto / &pnyr�)
<br />91511VIIi02) 1618511
<br />GO'I O O"' I"',
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