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Borrower for a A be applied to prepayments shall be applied first to any prepayment ch Any application ofpayments, insurance pr shall not extend or postpone the due dale, or change the 3. Funds for Escrow Items. Borrower shall until the Note is paid in full, a sum (the "Funds ") to prov other item which can attain priority over this Security I 200304989 Gent which includes a sufficientamount and the laze charge. If more than one sower to the repayment of the Periodic or Miscellaneous Proceeds to principal due under the Note , of the Periodic Payments. ender on the day Periodic Pay!ents are due under the Note, laymen ofamounts due this (a) taxes and assessments and nt as a lien or encumbrance on the Pronertv; (b) leasehold or at any time during the term of the Loan, Lender may require but Community Association Dues, Fees, and Assessments, if any, he escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices ofamountstobe paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless lender 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 writingg. In the event ofsuch waiver, Borrower shall pay directly, when and where payable; the amounts due for any Escrow Items fir which payment of Funds has been waived y Under and, if Lender requires, shall furnish 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 be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Item directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow item, Lender may exercise its rights order Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. I ender may revoke the waiver as to any or all Escrow items at anytime 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 rzired under this Section 3. Under may, at anytime, collect and hold Funds in an amount (a) sufficient to permit Leader to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Under 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 Lender is an institution whose deposits are so insured) or in any Federal Home Ivan Bank. Lender shall apply the Funds to pay the Lscrow 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, Under shall not be required to ppay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, bat interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. 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 gay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthlypayments. 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 paym Under the 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 promptlyrefund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all laces, 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 any, and Community Association Dues, Fees, and Assessments, ifmy. 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 ofthe obliggation secured bythe lien in a manner acceptable m Lender, but only so long as Borrower is performing such ¢greemen[; (b) conus's the lien in good faith by, or defends against enforcement ofthe lien ir4 legal proceednga which in Lender's uptmon operate to prevent the enforcement of the hen while th oec proceedings are pending, but orally until such proceedings are concluded; or (c) secures from the holder ofthe lien an agreementsatisfactorylo Lender subordinating the lien to this Security Instrument. If Lender determines [hn[ any pat of the Property is subject to a Iicn which can attain priority over this Secuny inshumew Lender may give Borrower an.". identifying belam Within I U days ofthe_date on which that notice is given, Borrower shall satisfy the Iicn pr take one or more of the actions set forth Lender may require Borrower to pay a one -tune charge for a real estate tax verification and /or reporting service used by Lender in connection with this Ivan. S. 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 Lender requires pursuant to the preceding sentences can change during the term of the 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 zone determination and certification 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, at 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 Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents ofthe Property, against any risk, hazard or liability and might provide greater or lesser coveragge than was previously in effect. Borrower acknowledges that the cost ofthe insurance coverage so obtained mi2hUu nificam,V become add normal debt of Hwrower secured by this Security Instrument. 'These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from [ender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right hold the policies and renewal certificates. Iflender requires, Borrower shall promptly give to Lender all receipts ofpaid premiums and renewal notices. IfBorower obtains any form of insurance NEBRASKA Single Family— Fannie MaeFreddie Mac UNIFORM INSTRUMENT Form302R 1 /01 (panel nfR pagrss) 9754.CV(1/02) 1686658 GOTO(0004aee4)