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200200742
<br />if Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a s.thereof amount
<br />to pay any late charge due, the payment may be applied to the delinquent payment and the late charge, Ifmore than one
<br />Periodic Payment is outstanding, Lender may apply any payment received from Borrower to ire repayment of the Periodic
<br />Payments if. uud to the extent that, each payntenl can be paid in full. To the extent that any excess exists afler the payment is
<br />applied to the full payment ofone or more Periodic Payments, such excess maybe applied to any late charges due, Voluntary
<br />prepuyawrin shall be applied first to any prepayment charges and then as described in the Note.
<br />Any application efpayments, insumnee proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, ofihe Piano die Payments.
<br />3. Funds for becruwlt ems. Borrower shall pay to Lender on the day Periodic Paymentsare dueunder dneNule,
<br />until the Note is paid in full, a sum (the "Lards") to provide for payment ofan.ounts due for! (a) taxes and assessments and
<br />Oliver items which can aturin priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold
<br />payments or ground Tents on the Property., if any; (c) premiums for any and all insurance ImJUu ed by I sender under Section 5;
<br />and (d) Murlgapye Insurance Inemmins,'famy or any sums payable by Borrower to Lender a lieu ofthe payment efMurrguge
<br />Insurance pima unvs in accordance with the provisions ofSecten 10. These items are called "Escrow Items." At origination
<br />or at any time during the Tenn ofthe Loan, Lender nay require that Common ty Association U ties, Fcca, aid Assessntents,if
<br />any, be escrowed by Borrower, and such does, fees and assessments shall be an Escrow Ilea. Borrower shall promptly
<br />furnish to Lender all notices ofamwunts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender clay waive Borrower's
<br />obligation to pay to Lender Funds for any .,all Escrow Items at anytime. Any such waiver may only be in writing. In the
<br />event ofsuch waiver, Borrower shall pay directly, when and where payable, the amounts due for any F.scrnw Items for which
<br />Pay of Funds has been waived y Lender and, If Lender requires, shall furnish to Lender receipts evidencing such
<br />payment within such time period as Lender may require. Borrower's obligaiun to make such payments uud w provide
<br />receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instirnnent as the phrase
<br />`covenant and agreement' is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver,
<br />and Bon fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay suds
<br />amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the
<br />waiver as to any or all Escrow Items at any time by a notice given in accordance w ito Section 15 and, upon such revocation,
<br />Borrower shall pay to Lender all Funds, and in Such amounts, That are then required under This Section 3.
<br />Lender may, at anytime, col [act and hold Funds in an amount (a) sit Rmient to permit Lender to upply Rte Funds at
<br />the [line specified under RESPA, and (b) not to exceed the maxirnum amount a tender can require wader RESPA. Lender
<br />shall estimate the amount of] units duo on the has is ofeurrent data and reasonable estimates Ofcxpenditu.'es offumre Escrow
<br />Itemsor therwisc in accordance with Applicable Law,
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumcnhJity, or entity
<br />(including Lender, if Lender is an institution whose deposits are So insured) or in any federal I Ionic Loan Bank lender shall
<br />apply the Funds to pay lire Escrow Items no later Ilan the time specified under RESPA. Lender shall not charge Borrower
<br />for holding and applying the Funds, annually ana l}'zi ng the escrow account, or verifying the Escrow ttemc, unless Lender
<br />pays Borrower interest on the Funds and Applicable Law permits Lender to slake such a charge. unless an agreement is
<br />,trade in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, Thal interest shall be paid on the
<br />Funds, Lendcr shall give to Borrower, without charge, an annual accounting ofthe Funds as required by RESPA.
<br />[fibers is a surplus Offends held in escrow, as def sled under RESPA' Lender shall account to But for the
<br />excess funds if, accordance with RESPA. it there is a shortage of Funds held in escrow, as defined under RESPA, Lender
<br />shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no more than 12 monthly payftacnts. If there is o deficiency of Funds held in
<br />escrow, as defined under R LSPA, Lender shall notify Borrowm as'equ tsi by RESPA, and Borrower slall pay to Lendcr the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than I2 monthly payments.
<br />Upon payment in full ofall sums secured by this Security Instrument, Leader shall promptly refund to Borrower any
<br />Funds held by Lender. . .
<br />4. Charges; Liens. Borrower shall payall taxes, assessments. charges, fiues, and imposwonsatttibttable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property'f ully,
<br />and Clommunily Association Dues, Fees, and Assessments, ifany. To the extent that these items arc Escrow Items, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Burrower shall promptly dischu'fee any lien which has In n n ity over this Security Instrument unless not I owes (a)
<br />agrees in writing to the payntenl of the obligation secs ad by the lien im a manner acceptable to Lendcr, but only so long as
<br />Borrower is per such agreement; (b) contests lire lien ra good tariff by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement ofthe limn while dross Proceedings ore
<br />pending, but only until such proceedings are concluded; or (c) secures him the [folderol tlie lien an agrccmeut salLfectoryto
<br />Lender subordinating the lien to this Security Instrument. If Lender determines that any port ofthe Property is subject to a
<br />lien which can attain priority over this Seourty Insirurnent, Lendertuay give Borrower a nonce idemifyn.gthe lien. Within
<br />10 days ofthe date on which that notice is given, Borrower shall satisfy the lien or take one or more of actions set forlh
<br />above in this Section 4.
<br />Lender may require Borrower to pay a one -time charge for a real estate tax venficanon and /or reporting service
<br />used by Lender in connection with this Loan_
<br />5. Property Insurance. Borrower shall keep the improvements now existing Or hereafter erected cattle Property
<br />insured against loss by fire, hazards included within the terns "extended coverage;' and nay other hazards including, but not
<br />limited to, earthquakes and Bonds, for which Lender requires insurance. This insumnee shall be maintained in the amounts
<br />(including deductible levels) and for the periods that Leader requires. What Lender requires pursuant to the preceding
<br />sentences can change during the tern. of the Lean. The insurance carrier providing the insurance shall be chusen by
<br />Borrower subject to Lender's right In disapprove Borrowers choice, which right shall not be exercised unreasonably'.
<br />Lender may require Borrower to pay, in connection with this Loan, either. cola onetime chm'ge for Rood zone
<br />determination, certification and tracking services; or (b) a one-time charge for food zone determination and centlficotlon
<br />services and Subsequent churges each time remappings or similar changes occur which reasonably night affect such
<br />determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal
<br />Emergency Manugennent Agency in connection with the review ofany flood zone determination resulting f om an objection
<br />by Borrower
<br />If Borrower fails to maintain any of the coverages described above, tender may obtain insurance coverage, Lit Lender's option and Borrower'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 nor protect Borrower, Borrower's equity in the
<br />Property, or the contents ofihe Property, against any risk, hazard or liability and might provide greater of lesser coverage
<br />draft was Previously in efect. Borrower acknow ledges tat the cost ofthe insurance coverage sir ohtmnedrnight sipitieantly
<br />exceed the cost of insurance that Be, rower could have obtained. Any amounts disbursed by Lender ' under this Section 5 shall
<br />become additional debt ofBoro.wcL secured by this Security lnsm'umcnl. These amounts shat) bear interest at the Nore' are
<br />Bun the date of disbursement and shall be payable, with such interest, upon notice fionv Leader to Borrower requesting
<br />payment.
<br />All insurance policies included by Leader and renewals e, such policies shall be sas nia to Lenders right it
<br />disapprove such policies, shall include if standard mortgage clause, and shall manic Lender as Leader r qui es, or o er
<br />additional loss payee. Lender shall have the right to hold the policies' and renewal certificates. If Lender requires, Borrower
<br />shill promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance
<br />NEURASKA— Sanglel'siody— Fannie MaelFreddie MocINiFORMN'SFRUaIFNT Fonn30'E8 far (jmga3oJSpngue)
<br />9756.CVry'01) GI1365
<br />coromom,unsa
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