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IfLender to pay any late chi Periodic Payment shall not extend w postpone the due date, or 3. Fun for Escrow Items. Bogy until the Note is paid in full, a sum (the "Fun other items which can attain priority over thi payments or ground rents on the Property, if and (d) Mortgage Insurance premiums, d an) or ar any ume uunug die ox in w we w,w, r.c . any, be escrowed by Borrower, and such du furnish to Lender all notices of mounts to be unless Lender waives Borrower's obligation obligation to pay to Lender Funds for any or event of'such waiver, Borrower shall ppay dirt payment of Funds has been waived by Lem payment within such time period as Lender receipts shall for all purposes be deemed to b 200304471 it a delinquent Periodic Payment which includes a sufficientamount I to the delinquent payment and the late charge. If more than one payment received from Borrower to the repayment of the Periodic paid in full. To the extent that any excess exists after the payment is imas, such excess may be applied to any late charges due. Voluntary undertheNote leasehold Section 5; my-sums payable by Borrower to Lender in lieu ofthi isions of Section 10. These items are called "Escrow may require that Community Association Dues, Fie fees and assessments shall be an Escrow Item. Bor 1 under this Section. Borrower shall pay Lender the F iav the Funds for any or all Escrow Items. Lender in ush to Lender receipts evidencing such to make such payments and to provide in this Security Instrument, wthe phrase row Items directly, pursuant to a waiver. and Borrower fails 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 be obligated under Section 9 to repay to Lender any such amount Lender mayrevoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at anytime, collect mid hold Funds in an amount (a) sufficient to permit Lender to appply the 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 Funds due on the basis of current data and reasonable estimates ofexpendinires of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured bya federal agency, instrumentality , or enti (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender she I apply the Funds to pay the 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 ppay 8orrmwcr anv interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Fundy Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by KEM-A. ffthere is a surplus of Funds hold in escrow, as defined wider RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. Ifthere is a shortage ofF'unds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall ppay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthlypaymenta If there is a deficiency of Funds held in escrow, as defined under RESPA, Ur der shall notify Borrower as required by RESPA, and Borrower shall payto Lenderthe amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full ofall sums secured by this Security Instrument, Lender shall promptlyrefundue Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, lines, and impositions attributablemthe Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, ifany, and Community Association Dues, Fees, and Assessments, ifany. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discharvae any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment ofthe obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is pertorming such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedngs which in Lender's opinion operate to prevent the enforcement ofthe hen while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agreement satisfactory to Under subordinating the lien to this Security Instrument. If Lender determines that any part ofthe Property is subject to a lien which can attain priority over this Security Instrument, fznderin give Borrower a notice identifying the lien. Within 10 days ofthe dale on which [hat notice is given, Borrower shall satisN the lien or take one or more ofthe 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 pperiods that Lender requires. What lender requires pursuant to the preceding sentences can change during the term ofthe Ivan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender s right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, 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 migl I affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed y the Federal Emergency Management Agency in connection with the review ofany flood zone determination resulting front an objection by Borrower. If Borrower fails to maintain any ofthe coverages described above, Lender may obtain insurance coverage, a Lender'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 coments ofthe Property, against any risk, hazard or liability and might provide greater or lesser coverage [lino was previously in eftect. Borrower acknowledges that the cost ofthe insurance coverage so obtained might significamly exceed the cost ofi ... owcc that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall) become additional debt ofBorrower secured by this Security Instrument. These amouns 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 fender's right to disapprove such policies, shall include a standard old tye c clause, and shell none Lender as mortgagee and/or o er shallp promptly payee. Lender shoe receipts oeright premiums [h and and renewal fBorr wes. obtains shall promp[Iygive to Lender all receipts ofpaid premiums and renewal notices. IfBorrower obtains any form ofinsurance NEBRASKA - Single Family— Feaate Nhi Freddle Mac UNIFORM INSTRUMENT Fnrm303a 1101 (page3of8pages) 980 Cv pN21 109887 G0T0(0004bb70)