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<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 m¢y be applied to the delinquent Payment and the late charge. If more than one
<br />Penodlc Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic
<br />Payments it, and [o the extent that, each payment can be yard in
<br />If To the extent that any excess exists after the payment is
<br />appliedto the full p¢ymen[ofone or more Parodic Payments, such excess maybe applied to any late charges due. Voluntary
<br />prepapnen[s shall be applied first u, any prepayment charges and then as described in the Note.
<br />Any application ofpayments, insurance pproceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall no[ extend or postpone the due don:, or change [he arnoun[, of the Periodic Payments.
<br />3. Funds fur Escrow Items. Borrower shall yay[o Lender on the day Periodic Payments are due under tlleNOte,
<br />until the Note is paid in full, a sum (the "Panda ") In provide for payment ofamounts due for. (a) taxes and assessments and
<br />other items which can attain pnonty over [his Security Instrument as a lien or encumbrance on the Property; (b) leasehold
<br />payments or ground rents on the Property, ifany; (c) premiums
<br />or any and all insurance required by Lender under Section 5;
<br />and (d) Mortgapa Insurance premiums, (fang or any sums payable by Borrower to Lender In lieu ofthe payment ofMortgage
<br />Insurance premums in accordance with theprovisions nfSechon 10. These items are called "Escrow Items." At origination
<br />orat any time during the term ofthe Loan,Lendermayrequire that Community Association Dues, Fees, acrd Assessments,if
<br />any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />in ish to Lender all notices 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 ay the Funds for any or all Escrow Items. Lender my waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writingg In the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items frrwhich
<br />payment of Funds has been waived y Under 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. IfBorrower 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 pay such
<br />amount and Borrower shall then be obligated under Section 9 to repay to Ixnder any such amount. Lender may revoke the
<br />waiver as to any or al I Escrow Items at anytime 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, collect and hold Funds in an amount (a) sufficient to permit Lender to oppplythe 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 ofeurrent data and reasonable estimates ofexpenditrnes offidure 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, iflender lsan institution whose deposits are so insure or roan Federal HomeLoarI 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 />ter 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 Izw permits Lender to make such a charge. Unless an agreement is
<br />made in writing or Applicable law requires interest io be paid on the Funds, Lender shall not bere uired to ppay Borrower
<br />any interest ur earnings on the Funds. Borrower and Lender can ayne: i i 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 />Ifthere 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 ere 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 die meant 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 payto Lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but In no more than 12 monthly payments.
<br />I 1pnn payment in fir 11 ofall sums secured by this Security Instrument, Lender shall promptly refund 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, ifany,
<br />and Community Association Dues, Fees, and Assessments, ifany. I o the extent that 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 ofthe obhgganon secured by the lien in a manner acceptable to Lender but only so lotlg as
<br />Borrower is performing such agreement (b) contests the lien in good faith by, or defends against enforcement ofthe lien m,
<br />Icgat proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agrwincri satisfactoryto
<br />Lender subordinating the lien to this Security Instrument. IfL:nder determines that an y plot ofthe Property is subject a
<br />lien which can attain priority over this Security lnstrument,L.eoter 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. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected onthe 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. This 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 tern of the loan. 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 onetime 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 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. Theref ore, such coverage shall cover lender, but might or might not protect Borrower, Borrower's equity in the
<br />Property, or the contents ofthe 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 ofthe insurance coverageso obtained might significantly
<br />m
<br />exceed the cost ofsurance 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 standard Lender and renewals e, such v 11 nos shall be subject to gee maker right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or o er
<br />shall pro ptly payee. Lender shall eeipts oeraid premiums th and renewal andrtices. IfLender ofinortowu
<br />shall promptly give to Lender all receipts ufpald premiums and renewal notices. IfBorrower obtains any form ofinsurance
<br />NEBRASKA -- Single Family —Fanni a MaeFoWdia M., UNIFORM INSTRUMENT Foon3028 II01 (page3of8Pn9r1)
<br />1754CV (1102) 166]2]6
<br />GOTQW046a12)
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