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If lender receives a payment from
<br />to pay any late charge due, the payment no
<br />Periodic Pa ant is outstanding, Under m
<br />, aPayneats ind .
<br />to the extent that each pay
<br />applied to the fun l payment of one or more P
<br />prepayments shall be applied first to any Jul
<br />shall not extend or postpone the due date, c
<br />3. Funds for Escrow Items. B.
<br />until the Note Js paid in full, a sum (the "Fu
<br />other items which can attain priority over it
<br />200304985
<br />r for a delinquent Periodic Payment which includes a sufticientamount
<br />lied to the delinquent payment and the late charge. Ifmore than one
<br />my payment received from Borrower to the repayment ofthe Periodic
<br />be paid in fill. To the extent that any excess exists after the payment is
<br />Hint s, such excess may be applied to any late charges due. Voluntary
<br />payments or ground rents on the Property, ifany, (c) premiums
<br />and (d) Mortgage Insurance premiums, dany, or any sums pays
<br />Insurance premiums in accordance with the provisions ofSecti
<br />or at any time during the term of the Loan, Lender may require t
<br />any, be escrowed by Borrower, and such dues, fees and asses
<br />famish to Lender all notices of amounts to be paid under this Se
<br />unless lender waives Borrower's obligation to pay the Funds
<br />obligation to pay to lender Funds for any or all Escrow Items i
<br />event of such waiver, Borrower shall pay directly, when and wt
<br />payment of Funds has been waived y Lander and, if Lender
<br />payment within such time period as Lender may require. Bol
<br />receipts shall for all purposes be deemed to be a covenant and a
<br />"covenant and agreement" is used in Section 9. If Borrower is 1
<br />and Borrower fads to pay the amount due for an Escrow Item, I
<br />amount and Bormwe, shall then be obligated under Section 91
<br />waiver as to any or all Escrow Items at anytime by a notice givt
<br />Borrower shall pay to lender all Funds, and in such amounts,
<br />Lender may, at any time, collect and hold Funds in an
<br />the time specified under RESPA. and Fit not to exceed the ma
<br />undertheNote
<br />Jay Periodic Payments are due wider theNote,
<br />counts due for: (a) taxes and assessments and
<br />encumbrance on the Property; (b) leasehold
<br />nsurance required by Lender under Section 5;
<br />;r to Lender w lieu ofythe paymentofMortgage
<br />ms are called "Escrow Items" At origination
<br />fish to lender receipts evidencing such
<br />to make such payments and to provide
<br />in this Security Instrument as the phrase
<br />and reasonable estimates of expenditures offuture Escrow
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including lender, if Lender is an institution whose deposits are so insured) or in any Federal Home loan Bank. Lender shall
<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 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 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 there 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. 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 month Pypayments. 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 to Lender the
<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 of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, lines, and impositions attributable in the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, ifany,
<br />and Community Association Dues, Fees, and Assessments, ifany. To the extent that these items arc 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 m writing to the payment of the obligation 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 lien while those proceedings are
<br />Borrower shall satisfy the lien or take one or more ofthe actions set forth
<br />above in this Section 4.
<br />1 ender 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 lue uri nee. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term 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 />Lender 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 afrect 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 ofany flood zone determination resulting from an objection
<br />by Borrower.
<br />If Borrower fails to maintain any ofthe coverages described above, Lender may obtain insurance coverage, at
<br />Iender'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 Under, but might or might not protect Borrower, Borrower's equity in the
<br />Property, or the contents ofthe 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 significard
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 sht,
<br />become additional debt of Borrower 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 required by st lender and renewals e, such policies shall be subject to lender's right to
<br />disapprove such policies, shall include a standard old 6age clause, and shall name Lender as mortgagee and/or o er
<br />shallpomptlypayee. Lender shall eeipts the
<br />ofpaid to th and policies and otices.If Lender
<br />shall promptly give to Lender all receipts ofpaid premiums and renewal notices. If Borrower obtains any form ofinsurance
<br />NEBRASKA - Single Family- Fannie MaeFreddte Mac UNIFORM INSTRUMENT Furm3028 1101 (page3of8pnges)
<br />9154.CV(1/02) 1686625
<br />6011 )(W0Wd ;.d9t
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