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If Lender receives a payment ffom Borrow,
<br />to pay any late charge due, the payment may be app
<br />Penodtc Payment is outstanding, Lender may apply;
<br />Payments if, and to the extent that, each payment can
<br />applied to the full payment ofone or more Periodic P
<br />prepayments shall be applied first to any prepaymen
<br />Any application ofpayments, neurone
<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 t
<br />other itetas which can attain priority over this Securi
<br />paylneltts or ground rents on the Property, ifany; (c) I
<br />and (d) Mortgage Insurance premiums, 1fany, or any
<br />Insurance premiums in accordance with the provisiol
<br />or at anytime during the term ofthe Loan, Lender ma
<br />200304365
<br />A. To the extent that any excess exists alter the payment is
<br />ch excess may be applied to any late charges due. Voluntary
<br />rd than as described in me Note.
<br />or Miscellaneous Proceeds to principal due under the Now
<br />ofthe Periodic Payments.
<br />ender on the day Periodic Payments are dueundertheblote,
<br />Iavment ofamounts due for: (a) nixes and assessments and
<br />any, be escrowed by Borrower, and such dues, tees and assessments shall be an Escrow, loam. Borrower shall promptly
<br />banish to Lender all notices aformula to be paid under this Section. Borrower shall pay Lender the Foods for Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only a in writing. In the
<br />event ofsuch 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 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, tender 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 an or all 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 anyy time, 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 ofcurrcm data and reasonable estimates ofexpenditures offnture Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />apply the Funds to pay the ESerow, Items no later man the time specified under KEBI'A. 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 pay Borrower
<br />any interest or earnings on the Funds. Borrower and lender can agree in writing, however, that interest shall a paid on the
<br />Funds. lender shall give to Borrower, without charge, an annual accounting ofthe 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. Ifthere 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 month ly payments. Ifthere 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 Underthe
<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 ofall sums secured by this Security Instrument Lender shall promptlyrefoodto Borrower any
<br />Funds held by Lender.
<br />4. Charces: Liens. Borrower shall oavall taxes. assessments, charges, tines, and impositions attributable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Dues, Fees, and Assessments, if any. To 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 of the obliggation 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 ut
<br />legal proceedin gs 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 agreementsatisfactoryto
<br />10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set torth
<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 on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other humards including, but not
<br />limited to, earthquakes and floods, fir which Lender requires insurance. This insurance shall be maintained in the mounts
<br />(including deductible levels) and for the periods that tender 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 />Under 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 y 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. 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 ofthe insurance coverage so obtained might significand
<br />exceed the cost ofinsurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall
<br />become additional debt ofBarrower secured by this Security Instrument. Theseamountsshall bear interest atthe 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 policies shall be subject to lender's right to
<br />disapprove such policies, shall include a srightto mortggage clause, and shall name Lender as mortgagee and/or Borrower er
<br />adall pro ptly payee. Lender shall id pre sums ndrees and mnces. If orro ter. btain mrform finsu
<br />shall promptly give to lender all receipts ofpald premiums and renewal notices. If Borrower obtains any form ofinsurance
<br />NEBRASKA - Single Factly- Fannie Mee /irvikir Mao UNIFORM INSTRUMENT Form3020 1/01 (page3oj8pag,$)
<br />9764.CV(1/02) 1681014
<br />corao004<468)
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