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If Lender receives a payment from Borrower for a deli to pay any late charge due, the pa ent may he applied w the Periodic Payment is outstanding, Lender may apply any paymei Payments it, and to the extent that, each pa cnt can be paid in applied to the full payment of one or more Periodic Payments, s prepayments shall be applied first to any prepayment charges r Any application of payments, Insurance proceeds shall not extend or postpone the due date, or change the amour 3. Funds far Escrow Items. Borrower shallpayto until the Now is paid in full, a sum (the "Funds') to provide for other itemU which can attain priority over this Security Instrmn payments or ground rents on the Property, if any; (c) premiums and (d) Mortgage Insurance premiums, If any, or any sums pays Insurance premiums in accordance with die provisions ofSectF or at anytime during the term of the Loan, Iender may require d env, be escrowed by Borrower, and such dues, fees and asses, 200304987 all. To the extent that any excess exists met the payment Is chexcess may be applied to any late charges due. Voluntary rd then as described in the Note. or Miscellaneous Proceeds to principal due under the Note ofthe Periodic Payments. -ender on the day Periodic Pavments are due underthe Note. unless Iender 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. lathe event of such waiver, Borrower shall pay directly, when and where payable; the amounts due for any Bennie Items for which payment of Funds has been waived y Lender and, if Under requires, shall famish 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 he a covenant and agneement contained in this Security Instrumem, as die phrase "covenant and agreement" is used in Section 9. IfBorrower 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 be obligated under Section 9 to repay to Lender any such mount. Lender may revoke the waiver as 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 amounts, that are then required under this Section 3. Lender may, at anytime, collect and hold Funds in an amount (a) so dent to permit Iender to apply the Funds at the time specified under RESPA, and (b) not to exceed due 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 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 lzndor s an msmutiun whose deposits are so insured) or in any Federal Home Loan Sank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Len Or shall not charge Borrower for holding and applying the Funds, annually analyzing die 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 ref ay Borrower any interest or earnings on die Funds. Borrower and Lender can agree in writing, however, that interest shall aid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESA. 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 Lender 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 required by RESPA, and Borrower shall payto 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 bythis Security Instrument, Lender shall promptlyrefund 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, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obliggation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests die lien in good faith by, or defends against enforcement otthe lien m, legal proceedings which in Lender's opinion operate to prevent the enforcement of the hen while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactoryto Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Proper% is subject to a lien which can attain primit over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 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 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 Tender requires pursuant to the preceding sentences can change during the term of die Loan. 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 nine determination and ecrllfication 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 y the Federal Emergency Management Agency in connection with the review ofany 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 Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Theref ore, such coverage shall cover Under, 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 dime was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost ofmsurmicethat Borrower could have obtained. Anyamountsdisbursedby lenderunderthis Section5shall become additional debt of Borrower secured by this Security instrument These amounts shhall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Leader to Borrower requesting payment. All insurance policies me oiled by Lender and renewals e, such policies shall be subject to Lender's right r, disapprove such policies, shall include a standard mortggage clause, and shall name Lender as mortgagee and/or o er, shallromptsspayet. Lender shoe receipts ofpaid premiums th and renewal and renewal fBorr IfLender mrequires, Borrower shall promptlygiveto Lender all receipts ofpaid premiums and renewal notices. [f Borrower obtainsanyform of insurance NEBRASKA Single Family— Fanale Mar/Freddie Mac UN ]FORM INSTRUMENT Fnrm3029 1/01 (pag,3cf8pages) 9754CV(1 /02) 1686683 OOTO(00W&ffi)