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Iflznder receives a payment from Borrower for a deli
<br />to pay any late charge due, the payment may be applied to the
<br />Periodic Par
<br />prent is outstanding, Lender may apply any payme
<br />Payments if, and to the extent that, each payment can be paid in
<br />applied to the full payment ofone or more Periodic Payments, s
<br />prepayments shall be applied first to any prepayment charges:
<br />Any application ofpayments, msurance proceeds
<br />shall not extend or postpone the due date, or change the amom
<br />3. Funds far Escrow Items. Borrower shallpayto
<br />until the Note is paid in full, a sum (the `Funds ") to provide for
<br />other items which can attain priority over this Security Instrun
<br />payments or ground rents on the Property, ifany; (c) premiums
<br />or at
<br />200303177
<br />vent Periodic Payment which includes a sufficient amount
<br />;linquent ppayment and the late charge. If more than one
<br />received fiom Borrower to the repayment of the Periodic
<br />II. To the extent that any excess exists after the payment is
<br />h excess may be app lied to any laze charges due. Voluntary
<br />I than as described in the Nate.
<br />r Miscellaneous Proceeds to principal due under the Note
<br />of the Periodic Payments.
<br />mder on the day Periodic Payymrents are due undertheflote,
<br />ryment ofamounts due for: (a) taxes and assessments and
<br />it as a lien or encumbrance on the Property; (b) leasehold
<br />any and all insurance required by Lender under Section 5;
<br />obligation to pay to 1. ender Funds for any oral] Escrow Items at anytime. Any such waiver may only be in writingg In the
<br />event ofsuch waiver, Borrower shall pay directly, when and where payable, the amounts due for anyEscrow, Items fir 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 ap{eement contained in this Security Instrument, as the phrase
<br />"covenant and agreement" is used in Section 9. IfBorrower is obligated to pay Escrow Items directly, pursuant a waiver,
<br />and Borrower fails to pay the amount due form Escrow Item, Lender may exercise its rigIns under Section 9 and pay such
<br />amount and Borrower shall then be obligated under Section 9 to repay m Lender any such amount. Under 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 rzired under this Section 3.
<br />Lender may, at anytime, collect 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 of current data and reasonable estimates ofexpenditures offumre Escrow
<br />Items or otherwise in accordance with Applicable law.
<br />The Funds shall be held in an institution whose deposits we insured by a federal agency, instrumentality, or entityry
<br />(including Iznder, if Under is m institution whose deposits are so insured) or in any Federal Home lean 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 Foods, 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 App licahle Law requires interest to be paid on the Funds, lender shall not be required to gay 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. Under shall give to Borrower, without charge, an annual accounting ofthe 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 unds held in escrow, as defined under RESPA, Lender
<br />shall notify Borrower as required by RESPA, and Borrower shall Fay to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no more than 12 monthlypayments. 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 payto lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<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 rents on the Property, if my,
<br />and Common ityAasoelation Dues, Fees, and Assessments, if my. To the extent t hat these items are Escrow 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 secured by the lien in a manner acceptable to Lender, but only so long as
<br />Borrower is permrming such agreemenq (b) contests the lien in good faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are
<br />Ebut only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactolyw
<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 priori ty over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within
<br />10 days of the date on which that notice is given, Borrower shall satisfy the lien 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. Properly Insurance. Burrower shall keep the improvements now existing or hereafter erected on the Properly
<br />(including deductible levels) and for the pperiods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term nfthe Ivan. The insurance carrier providing the insurance shall be chosen by
<br />Borrower subject to Lender's right to 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 />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 shall also be responsible for the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review of any 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 oreviouslvin effect. Borrower acknowledees that the cost of the insurance coverage so obtained miehtsignificantly
<br />payment.
<br />All insurance politics 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. Iznder 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. If Borrower obtains any form of insurance
<br />NEBRASKA - Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fwns3028 1/01 tvage.rof8paws)
<br />9954 CV (1 /02) 1665936
<br />GOTO(MO4690a)
<br />
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