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If ender receives a payment from B
<br />to pay any late charge due, the payment may
<br />Periodic Payment is outstanding, Lender may
<br />Payments it, and to the extent that, each payml
<br />prepayments shall be applied first to any prepayment
<br />Any application ofpayments, msuranc
<br />shall not extend or postpone the due date, or change
<br />3. Funds for Escrow Items. Borrowers
<br />until the Note is paid in full, a sum (the °Funds ") to I
<br />other items which can attain priority over this Secur
<br />payments or ground rents on the Property, if any; (c)
<br />and (d) Mortgage Insurance premiums, If any, or any
<br />Insurance memmms in accordance with the provisim
<br />200303697
<br />inquent Periodic Payment which includes a sufficient amount
<br />delinquent payment and the late charge. If more than one
<br />Int received from Borrower to the repayment of the Periodic
<br />full. To the extent that any excess exists after the payment is
<br />inch excess maybe applied to anylate charges due. Voluntary
<br />aid then as described in the Note.
<br />5, or Miscellaneous Proceeds to principal due under the Note
<br />m, of the Periodic Payments.
<br />) Lender on the day Periodic Payments are due undertheNote,
<br />r payment of amounts due for (a) taxes and assessments and
<br />tent as a lien or encumbrance on the Property; (b) leasehold
<br />for any and all insurance required byy Lender under Section 5;
<br />able by ___rower to Lender m lieu I' he payment ofMor gage
<br />on 10. These items are called "Escrow Items." Atoriaination
<br />any, be escrowed by Borrower, and such dues, fees and assessments shall bean Escrow Item. Borrower shall promptly
<br />famish to lender allnotices 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 pay the Funds for any or all Escrow Items. Under ma yy waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at anytime. Any such waiver may only be in writing. in the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br />payment of Funds has been waived y Lender and, if Lender requires, shall famish to Lender receipts evidencing such
<br />payment within such time period as Lender may require. Borrower's obligation to make such payments mid 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 fads to pay the amount due for an Escrow kern, Lender may exercise its rights under Section 9 and pay such
<br />amount and Binmwcr shall then be obligated under Section 9 to repay m Lender any such amount. Lender may revoke the
<br />waiver as to any oral] 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 apply the Foods 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 ofNare Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured bya federal agency, instrumentality, or entity
<br />(including Lender ifUnder is an institution whose deposits are so insured) or in an y Fedem1l lomeLoan Bank [ender eha l
<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 Ilia Funds, annually analyzing the escrow account, or verifying the Escrow items, unless Lender
<br />pays Borrower interest on the Funds and Applicable law permits Gander 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 ppay 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 ere is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the
<br />excess fihads 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 pay W Lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />m
<br />Upon payment in full ofall sus secured bythis Security Instrument, Lender shall promptlyrefund w Borrower any
<br />Funds held by Lenc
<br />4. Char
<br />Property which can
<br />and Community As,
<br />shall pay them in IF
<br />assessments, charges, fines, and impositions attributable to the
<br />at, leasehold payments or ground rents on the Property, ifany,
<br />My. 'fo the extent that these items are Escrow Items, Borrower
<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 obib1tioa secured by the lien in a manner acceptable to Lender, but only so long as
<br />Borrower is performing such agreement; 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 hen while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory in
<br />Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the roper[y Is subject to
<br />lien which can attain prix i%over this Security hhstrunlent, Lender may give Borrower a notice identifvmg the lien*
<br />10 days of the date on whichh that notice is given, Borrower shall satisN the lien or take one or more ofithe actions set forth
<br />above in this Section 4.
<br />Lender may require Borrower to pay a one -time charge for a real estate nix verification and/or reporting service
<br />used by Lender in connection with this Wan.
<br />5. Property Insurance. Borr ower 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, 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 pj1eriods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Wan. 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 Road 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 die coverages described above, Lender may obtain insurance coverage, a
<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 coversa
<br />than was previously in cilbet. Borrower acknowledges that the cost of the insurance coverage so obtained mhghtsignifican5y
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lencierunderthis Secbon5shall
<br />become additional debt ofBmrowcr 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 included standard Lender and renewals e, such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortggage clause, and shall name (ender as mortgagee es, or o er
<br />additional pro ptlypayee. Lender shall eeipts of paid premiums th and renewal and renewal fBorr certificates. If Lender any form Borrower
<br />shall promptly give to lender all receipts of paid premiums and renewal notices. If Borrower obtains any form ofinsuranw
<br />NEBRASKA — Single Family— Feaoir MeelFreddie Mac UNIFORM INSTRUMENT Form3038 llm (page3oj8p,es)
<br />9754.CV(I a2) 16]05]9
<br />(301Ix001149ulu)
<br />
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