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200200623
<br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br />to pay any late charge dim, the payment may be applied to the delinquent payment and the late charge If more than ore
<br />Periodic Pa nt is outstanding, lender may apply any payment rcuerved from Borrower to the repayment of the Periodic
<br />Payments it, and to the extent that, cock pa [nano can be paid m full. To the extent that any excess exists after the payment is
<br />applied In the full paymem of one nr more Periodic Yayments, such excess maybe applied to any late charges due. Voluntary
<br />prepayments shall be applied first to any prepayrtrent charges and then as described in the Note.
<br />Any application uCpa}snents, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note,
<br />until the Note is paid in full, a sum (Ike "Funds ") to provide fur payment ofamounts due for: (a) taxes and assessments and
<br />other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold
<br />payments orground rents on the Property, ifany;(c)premiumsfor any and all insurance required lay Underunder Section5;
<br />and (d) Mortgage Insurance premums, rf any, or any snms payableby Borrower to fender In lieu ofdre payment of Mortgage
<br />Insurance premums in accordance with the provisions of Section 10. These items are called "FSCrow Iu:rtts." Atoriginafion
<br />or at anyt ime during the term of the Loan, Lender may, equire that Community Association Dues, Pees, and Assessntents,if
<br />any, he escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />tornish to lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items
<br />unless Lender waives Borrower's obligation he pay the Funds for any or all Escrow Items. Lender may waive Burrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items of any time. Any such waiver may only be in writing. In the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br />Payment of Funds has been waived by ]ender and, if Lender requires, shall furnish to Lender receipts evidencing such
<br />payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide
<br />receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument as thephraze
<br />"caveman[ and agreement" is used in Section 9. If Burrower is obligated to pay Escrow Items directly, pursuant to a waiver,
<br />and Borrower fads to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such
<br />amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. fender may revoke the
<br />waiver as to any or all EPCrow Items at anytime by. notice given in accordance with Section 15 and, upon such revocation,
<br />Borrower shall pay to Lender all Funds, and in such amounts, that ate then required under this Section 3.
<br />Lender may, at any t ime, collect and hold Funds in an amount(a) sufficient to permit Lender to apply the Funds at
<br />file time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under ROSPA. ]ender
<br />shall estimate the amount of Funds due on the basis of current data and reasonable estimates ofexpenditures off dare Escrow
<br />Items nr otherwise in accordance with Applicable law.
<br />The Funds shall be held in an institution whose deposits are insured bya federal agency, instrumentality, or entity
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in anyFcderal Horne 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 top ay Borrower
<br />any interest or earnings on the Funds. Borrower and lendcr can agree in writing, however, that inte rest shall bepaidoothe
<br />Funds. lendcr shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
<br />It there is a surplus of Funds held in cscmw, as defined under RESPA, ]ender shall account to Borrower for the
<br />excess funds in accordance with RESPA. It there is a shortage of Funds held in escrow, as defined under RESPA, Under
<br />shall notify Bra lower as required by RESPA, and Borrower shall Fay to Leader the amount necessary to make up the
<br />shortage is accordance with RESPA, but in no more than 12 month y payments. If there is a deficiency of Funds held in
<br />escrow, as defined under RESPA, Lender shall notify Burrower as required by RESPA, and Bun ever 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;Lrens. Borrower shall pay all taxes, assessments, chat ges, 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 Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priorityover this Security Instrument unless Borrower (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only se long as
<br />Borrower is performing such agreement; (h) 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 />pending. but only omit such proceedings arewmduded; or (c) secures from the holder of the lien an agreement satisfactory to
<br />lender subordinating Ilia lien to this Sccwiry Instrument If Lender determines that any part of the Property is subject to a
<br />Tien which can attain priority over this Securityfnstrumem, Lender may give Borrower a notice identifying the lien Within
<br />10 days of the date on which that notice is given, Borrower shall salisly the lien or take one or more of the actions set forth
<br />above in this Section 4.
<br />Lender may require Borrower to pay a ono-dmc charge for areal estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan. _
<br />5. Properly Luurnnce. Borrower shall keepthe improvements now existing nr other ha erectedlu including, but insured against loss by fie, hazards included within the term "extended coverage," and any other hazards ed in the abut not
<br />lirttifrd m, carlhquakes and Floods, for which[coder requires insurance. 'Phis insurance shapes pursuant in the
<br />(including deductihlc levels) and for the perioAS that [coder requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term o the Loan The Borrower's choice, carrier providing the insurance shall he chosen by
<br />Bn der subject to Burro s right m disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower m pay, in connection with this Loan, either (a) a one-time charge for Flood zone
<br />determination, subsequent c and hocking services; or ing a one-time charge for flood zone determination and certification
<br />services and subsequent charges each time t[ also be r or similar changes occur which reasonably might affect such
<br />determination or Management Agency Borrower shall also he responsible for the payment in any fees imposed by the Federal
<br />Emergency Management Agency in connector with the review of any Bood zone dean initiation resulting [roman objection
<br />by Borrower.
<br />11 Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borruwer's expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the
<br />Property, nr the contents of the 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 of the insurance coverage so obtained mightsignificandy
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by lender under this Section 5 shall
<br />become addminnal debt of Borrower secured by this Security firmament. 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 Leader and renewals e, such policies Shull be subject to Lender's right to
<br />disapprove such policies, shall shall have a standard mortgage clause, and shall name lender as mortgagee and/or ro er
<br />shall promptly payee fender all therightto
<br />prernad the pd renewal and renewal fBorruwer obtains any form Burrower
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. If Bunower obtains any form of insurance
<br />NFmrASKA Single Finnic, Fannie MadFrcddie Mac UNIFORM INSTRUMENT Form3028 1 /01 (page.? af8pages)
<br />111`v(2Np GI1092
<br />(:VIU(W015c80
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