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If Lender receives a payment from I ion'owcr has Inch to pay any late charge due, the payment may be applied to the Periodic Payment is outstanding Lender may apply anypayme' Payments if, and to the extent that, each payment 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 x Any application ofpayments, insurance proceeds shall not extend or postpone the due dale, or change the amour 3. Funds for Escrow Items. Borrower shall payto until the Note is paid in full, a suns (the "Funds ") to provide for other items which can attain pnority over this Security Instrum payments or ground rents on the Property, ifany; (c) premiums and (d) Mortgage Insurance premiums, Ifany, In any sums pays or at any hme during me term or Tile roan, I-enmcr ,nz any, be escrowed by Borrower, and such dues, fees h I d II tices ofnmouits lobe paid tin 200200738 uent Periodic Payment which includes a sufficient amount :linquent ppayment and file late charge. Ifmore than one received fiom Borrower to the repayment ofthe Periodic L To the extent that any excess exists after the payment is n excess may be applied to any late charges due. Voluntary I then es described in the Note. r Miscellaneous Proceeds to principal due under the Note of the Periodic Payments. coder on the day Periodic Payments are due under the Nate, rynient of amounts due for: (a) taxes and assessments and I as a lien or encumbrance on the Property; (b) leasehold any and all insurance rcq Tired by Lender under Section 5; e by Borrower to Lender in lieu of the payment of Mortgage 10. These items are called "Escrow Gems." At origination Community Association Dues, Fees, and Assessments, it Tarts shall be an Escrow Item. Bm-m.r shall promptly fu in s to zn at a no - -- - unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow hems. 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. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender 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 total] purposes be deemed lobe a covenant and agreement contained in this Security lnsunment as the phrase "covenant and agreement" is Teed in Section 9. 11 Bon'own is obligated to pay Escl ow Items directly, pursuant to a waiver, and Borrower fads to pay the amount due fur 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 unmunt. Lender may revoke the wai vet as to any or all Escrow Items d 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 required under this Section 3. Lender may, at uny time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time spec ifled under RESPA, and (b) not to exceed lire maximunt anroud a lender can require under RES PA. Lender shall estimate the amount of Funds due on the basis ofcurrent data and reasonable estimates ofexpendai res off tha e Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by federal agency, had materiality or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Rome Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge B07OWCT for holding and applying the Funds, annnally analyzing the escrow account, or verifying the Escrow Gems, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an ag,'cement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower anyinlcreslor eahningson the Punds. Borrower and lender can agree in writing, however} that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting ofthe Funds as required by RESPA. Ifthere is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess Ponds in accordance with RESPA. Ifthere is a shortage ofFl nds held in escrow, as defined under RESPA, Sender 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 puynhents If there is a deficiency of Funds held in escrow, as dctined under RESPA, lznder shall notify Borrower as required by RESPA, and Borrower shall pay to Lenderthe 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 stuns secured by this Security Instrument, Lender shall promptly refund to Burrower oily Funds held by Lender. 4. Charges; Liens. Borrowershall pay all taxes, assessments, charges, fines, and imposhoasomibutabletothe Property which can attain priority over this Security Instrument, Icasehuld payments or ground rents on the Property, ifany, and Common ity Association Does, Fees, and Assess Toots, if any Tfthe extent that these items are Elan ow Items, Borrower shall pay them in lire manner provided in Section 3. Borrower shall promptly discharge any lien which has priority aver this Security lnstrunent unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement ofthe hen in, legal proceedings which in Lender's opinion operate to prevent the enforcement ofthe lien while flmse proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agrearcurl satisfgnecyto Lender subordinating the lien to this Security Inetnunent. If Lender determines that any part ofthe Property is subject to a lien which can attain priority over this Sccunty Instrument, Lender maygive Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Burrower 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 one -time charge for a real estate lax verification and/or reporting service used by Lender in connection with this Lean. 5. Property Insurance. Borrower shall keep the improvement s now existing orheieafter erected onthel'roplin insured against loss by fire, hazards included within the Tenn "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 amotmrs (including deductible levels) and for the periods that Lender requires- What Lender requires pursuant to the preceding sentences can change during the term ofthe 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. tender 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 (h) 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 by the Federal Emergency Management Agency in connection with the review ,fany flood zone deteminalmn resulting fiom an abjection 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. 'I'Iherefm'e, such coverage shall cover Lendeq but might or might not protect Bon 'ower, Borrower's eq oily in the Property, or the contents of the Property, ugainst any risk, hazard or liability and might provide greater or lesser coverage Than was previously in effect Ban rower acknowledges that the cost ofthe insurance cover age so obtained might significantlyy exceed lire cost ofinsuranec that Borrower could have ohtainai. Anyalnountsdisbursedb� Lenderunclathis Secuou5sleZ, become additional debt of Bon'ower secured by tit is Security Instrument These amounts s tall bear interest at llhe Nate rate from the date of disbursement and fall be payable, with such interest, upon notice Rom Lender to Borrower requesting payment. All uch poke policies required st Lender and renewals e, such hall name shall be subject to Lender's right all disapprove such policies, shall include t standard mortgage clause, and shall name Lender as mortgagee and/or rO rah shall ITT or lass payee. Lender shall have the right to hold the policies sad renewal certificates- If Lender forma, Borrower shill promptly give ro Lender all receipts ofpaid premiums and renewal notices. If Borrower obtains any Fonn ofinsuranec NEBRASKA - Single Family - Fannie Mae /Freddie Ma[IINIFORMINSTROMM;NT Fnrm1038 1 /01 (paSe'3uf8poges) ,1,I V,2,0,) G i17% GOTO(000150a)