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200303802 If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received our Borrower to the repayment of the Periodic Payments if, nerd to the extent that, each pa ent can be paid in full. To the extent that any excess exists after the pa ent is applied to the full payment ofone or more Periodic Payments, such excess maybe applied in any laecharges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Anv annficahon oft avinents. Insurance proceeds, or Miscellaneous Proceeds to principal due under cite Note shall not extend or postpone the due date, or change the 3. Funds for Escrow Items. Borrower shall until the Note is paid in full, a sum (the "Funds ") to prow other items which can attain priority over this Security I payments or ground rents on the Property, if my; (c) prer mid (d) Mortgage Insurance premiums, if any, or any sun leasehold or at any time during the term of the Loan, lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed byy Borrower, and such dues, fees and assessments shall bean Escrow Item. Borrower shall promptly furnish to Lender allnotices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing In the event of such waiver, Borrower shall gay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fads to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then he obligated under Section 9 to repay to Lender any sue Lender may revoke the waiver us to any or all Escrow Items at anytime by a notice given in accordance with Section IS and, upon such revocation, Borrower shall pay to Lender all Funds, and in such aniounts, that are then re tired under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) suiZient to permit Lender to applythe Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Fonds due on the basis of current data and reasonable estimates ofexpenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Lean➢ank. [coder shall apply the Funds to paythe Escrow Items no later than the time specified under RESPA. lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall a paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Iender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as relyi ed by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall pmmptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if my, and Community Association Dues, Fees, and Assessments, ifarty. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shat l promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien 1n, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfictory in Iender subordinating the lien to this Security Instrument. If Lender determines that any pmt of the Property is subject to a lien Mich can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days off dare on which that notice is iven, Borrower shall satin the lien or take one or more o the actions set forth above in this Section 4. Lender may require Borrower to pay a one -time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Burrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to ay, in connection with this Loan, either: (a) a one -time charge for flood zone determination, certification and tracking services; or (b) a one -time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed Ty the Federal Emergency Management Agency in connection with the review of my flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, a Iorder's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of die insurance coverage soolmined mightsignificand exceed the cost of insurance that Borrower could have obtained. Any mounts disbursed by Lander under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by standard Lender and renewals e, such policies shall be subject to Lender's right to disapprove such policies, shall Include a srandard mortggage clause, and shall name Lender as mortgagee and/or o er additional promptly payee. Under shall a eipts of paid premiums th and renewal and renewal fBorr Borrower obtains shall promptly give to Linder all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance NEBRASKA -Single Family- Fennle Mae /Freddie Mae UNIFORM INSTRUMENT Form3028 1 /01 (psge3of8pegea) 9754.CV(1/02) 1613037 GOTO(0¢a4989d)