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200304601
<br />Items for which payment of Funds has been waived by Lender and, if Lender requires, shall famish to Leader receipts
<br />evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and
<br />to provide receipts shall for all famposes be deemed to be a arvemat and agreement contained in this Security Instrument, as
<br />the phrase. "covenant and agreement" is used in Section 9. B Borrower is obligated to pay Escrow Items directly, pursuant to
<br />a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and
<br />pay such armunt and Borrower shall then he obligated undo Section 9 to repay to Lender my such amowit. Lender may
<br />revoke the waiver as to my or all Escrow Items at any time by a notice given in acconlanee with Section 15 sod, upon such
<br />revocation, Bdmower shall pay to Leader all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect mid hold Funds in mn amount (a) sufficient to permit Lender to apply the Funds at the
<br />time specified under RESPA, and (b) not to exceed the maximmn amount a leerier can require wider RESPA. Lender shall
<br />estimate the amomit of Funds due on the basis of cuff cut data and reasonable estimates of expenditures of future 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, insmrmentality, or entity
<br />(including Lendcq if Leader is an institution whose deposits ere so insured) or in my Federal Home Loan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items no later than the time specified wider RESPA. Lender shall not charge Borrower for
<br />holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
<br />Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in
<br />writing of Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest
<br />or earnings on the Funds. Borrower and Leader can agree in writing, however, that interest shall be paid on the Funds.
<br />Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined wider RESPA, Leader shall account to Borrower for the excess
<br />folds in accordance with RESPA. If there is a shortage of Funds held in escrow, at defined under RESPA, Lender shall
<br />notify Borrower air required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in
<br />accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as
<br />defined wider RESPA, Leader shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount
<br />necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in fall of all mans secured by this Security Instrument, Lender shall promptly refund to Borrower my
<br />Fonds held by Lunde'.
<br />4. Charges, Liens. Burrower 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, if any,
<br />and Community Association Does, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower,
<br />shall pay them in the [Wanner provided in Section 3.
<br />Borrower shall promptly discharge my hen which has priority over this Security Inalromera unless Borrower: (a) agrces
<br />in writing to the payment of the obligation secured by the lien in a mamner acceptable to Lender, but only m long as
<br />Burrower is perforrning such agreement; (b) contests the lien in good with by, or defends against enforcement of the lien in,
<br />legal proceedings which ii Lender's opinion operate to prevent the enforcement of the lien while those pros, mlings arc
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to
<br />Lender subordinating the ben to this Security hnsimment. If fender determines that my part of the Property is subject to a
<br />lien which cat attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within
<br />111 days of the date on which that notice is given, Borrower shall satisfy the lien or take one of more of the actions set forth
<br />above in this Section 4.
<br />Leader may require Borrower to pay a one -time charge for a real came tax verification mid/or reporting service used by
<br />Lender in oemmetiom with this Low.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter crected on the Property
<br />insured against loss by fire, hazards included within the term "exlcnderl coverage," and any other hazards including, but not
<br />limited lo, earthquakes mid floods, for which Lendr 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 terra of the Loin. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Leader may
<br />require Borrower to pay, in connection with this Loan, either: (a) a one -time change for flood zone determination,
<br />certification and tracking services; or (b) a one -tine charge for flood zone determination and certification services and
<br />subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or
<br />certification. Bnmower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management
<br />Agency in connection with the review of any flood zone determination resulting from an objectiou by Borrower.
<br />NEBRASKA— Single. Family — Famle Mar/Treddie Mae UNIFORM INSTRUMENT Norm MN 1101
<br />GaEAruNm.
<br />ITEM 1915L 1W111 (Page 9.111 pngrlJ r00NmCLI:1- 0005009090 C re: 61001101
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