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If Lender receives a payment from
<br />to pay any late charge due, the payment not
<br />Periodic Pa ent is outstanding Lender ml
<br />Payments if and to the extent that, each pays
<br />applied to the full payment of one or more P
<br />prepayments shot applied first to any pr
<br />Any application of payments,
<br />shall not extend or postpone the due date, c
<br />until the Note is paid i
<br />other items which can
<br />payments or ground re
<br />and (d) Mortgage Iran
<br />Insurance premiums it
<br />or at anytime during fl
<br />over
<br />200302866
<br />for a delinquent Periodic Payment which includes a sufficient amount
<br />ed to the delinquent ppayment and the late charge. If more than one
<br />iy payment received from Borrower to the repayment of the Periodic
<br />e paid in full. To the extent that any excess exists after the payment is
<br />intents, such excess may be applied to any late charges due. Voluntary
<br />charges and then as described In the Note.
<br />proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />to amount, of the Periodic Payments.
<br />all pay to Lender on the day Periodic Payments are due under the Note,
<br />ovide for payment of amounts due for: (a) taxes and assessments and
<br />y instrument as a lien or encumbrance on the Property; (b) leasehold
<br />term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments,if
<br />mower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />ces of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items
<br />[-rower's obligation to pay the Funds for any or all Escrow items. Lender may waive Borrower's
<br />let Funds for any or all Escrow Items at any time. Any such waiver my only be in writing In the
<br />rrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br />payment of Ponds 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, as the phrase
<br />"covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver,
<br />and Borrower falls to pay the amount due for an Escrow Item, Lender 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 such amount. Lender may revoke the
<br />waiver as to any 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 reqquired under this Section 3.
<br />Lender may, at anytime, collect and hold Funds in an amount (a) soffscient 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 of current data and reasonable estimates ofexpendflures offuture Escrow
<br />Items 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 institution 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
<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 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 ray 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 pay 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, Lender shall notify Borrower as required by RESPA, and Borrower shall paym 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 full of all sums secured bythis Security Instrument, Lender shall promptlyrefund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all Wes, 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 my,
<br />and Community Association Dues, Fees, and Assessments, if any. To the extent hat these items are Escrow Items, Borrower
<br />she] I 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 ofthe 0 '1g non secured bythe lien in a manner acceptable to Lender, but only so long as
<br />Borrower is pe rming such agreement; (b) contests the lien in good faith by, o- defends against enforcement ofthe lien Iq
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the Ilen while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agreement sansfactoryt0
<br />Lender subordinating the lien to this Security Instrument lfLenit determines that any part ofthe Pr operty is subject toa
<br />Tien which can attain priority over this Secu h Instrument, Len der maygne Borrower a notice identifying [he lien. Within
<br />10 days ofthe date on which that notice is given, Borrower shall satisfy the lie. or take one or more ofthe 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 />5. Property Insura.ce. Borrower shall keep the improvements now existing or he 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, far which Lender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods [hat Lender 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
<br />Borrower subject to Lender's right m disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone
<br />determinatio n 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 certficatipn. Borrower shall also be responsible for the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with [he 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 of the Property, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significanny
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall
<br />become additional debt of Borrower secured by this 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 be 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 the right to hold the policies and renewal certificates. If Lender requires, Borrower
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. ifBmm)ver obtains any form of insurance
<br />NEBRASKA W,eFamly— Fannie Mae/Freddie Mae UNIFORM INSTRUMENT Form3028 1 101 (page3of8pag¢)
<br />9754.CV(1/02) 1663319
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