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20030665.2
<br />Items for which payment of Funds has been waived by Lender and, if Lender requires, shall famish to Lender receipts
<br />evidencing such payment within such time period as Lender may require. Bunnwer's obligation to make such payments and
<br />to provide receipts shall lot all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as
<br />the phrase `covenant and agreement" is used iu Section 9, If 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 tinder Section 9 and
<br />pay such amount and Borrower shall then be obligated under Section 9 to repay In Lender any such amount. Lender may
<br />revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such
<br />revocation, Burrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient m pennit Leader to apply the Funds at the
<br />time specified under RESPA, and (h) not to exceed the maximum amount a lender can require under RESPA. Lender sltall
<br />cstinmte the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow
<br />foams or otherwise in accordance with Applicable Law.
<br />The Fonds shall he held in an institution whose deposits are insured by a federal agency, inslruntmdality, 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 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 pennits Lender to make such a charge. Unless an agreement is made in
<br />writing or 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 Lender can agree in writing, however, that interest shall be paid ern [Ire Funds.
<br />Lender shall _give to Borrower, without charge, an annual acvouuting 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 excess
<br />funds in accordance with RESPA, If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in
<br />necordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as
<br />defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Leader lire amount
<br />necessary to make up the deficiency in accordance with RESPA, but fn 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, fines, and impositions attributable to the
<br />property which can attain priority over this Security Instrument, leasehold payments or ground rears on the Property, if any,
<br />and Commumhy Aasociatiou Dues, Fees, and Assessntcats, if taI3 lo the extent that these items are Fscmw Ileum, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Burrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower (a) agrees
<br />in 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 agrecmenp (b) cadets the lien fn good truth by, or defends against enforcement of the lien in,
<br />legal proceedings which ern Lender's opinion operate to prevent the enforcement of the licit while those proceedings are
<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 lien to this Security instrnucnt. If Lender deter'nunes that any part of the Property is subject to a
<br />lieu which can attain priority over this Security Instrument, lender may give Borrower a notice identifying the lien. Within
<br />Ill 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
<br />ahcve in this S,mal4.
<br />Lender onto me ro, Borrower to pay a one -time charge for a real cetatc Lax vcrificatmo and /or reporting service used by
<br />Lcndcr in connection with this Loan.
<br />5. Property insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the Icmm "extended coverage," and any other hazards including, but not
<br />limned to, earthquakes and floods, for which Lender requires insurance . This insurance shall he 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 tent, of the Loan. 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. Lender may
<br />require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone determination,
<br />certification and tracking services; or (b) a one -time charge for food zone determination and certification services and
<br />eubaelucut charges each time rcmnppings or similar changes ocaa v,hieh reasonably 1111,111 affect such deteruivariou or
<br />certification. Borrower shall also be responsible for the payment of any tees imposed by the Federal Emergency Management
<br />Agency in connection with the review of any food none determination resulting from an objection by Borrower
<br />NEBRASKA.Siagle Family Fannie Mae/Freddle Mac UNIFORM INSTRUMtttst' Form M0 lair
<br />GFEAturvo
<br />nEM 191514 (WI (P4gtl -0afll payeS) To ONar CO L 1- AWMU49B3rFax 818 791 1131
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