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200200975
<br />It Lender recdves a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br />to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one
<br />Periodic Payment is outstanding. Lender may apply any payment received Gum Borrower to the repayment olthe Periodic
<br />Payments if, and to the extent that, each payment can be paid rant To the extent that any excess exists ataer the payment o
<br />applied to the full payment of one or more Periodic Payments, suchexocss may be applied toany late chat fes due. Ventrally
<br />prepayments shall he applied first to any prepayment charges and then in described in die Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to pruner pal due under the Note
<br />shall not extend or postpone the duo date, or change the amount, of the Pei rude, Payments.
<br />3. Funds for Escrow It ems. Bonower shall pay to Lender on the day Per iodic Paymeutsi tedueunder the Note,
<br />until the Note is paid in hill, a sum (the 'Funds ") to provide for payment of normally 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, Uo leasehold
<br />payments or ground rents oil the Property, if any, (e) premiums for any Lind at I insurance lectured by Lender under Section 5;
<br />and orb Mortgage lnsurancepmmiums, it any ,or' anysums payable by Borrower to Lender in lieu otthepaymemof Mortgage
<br />Insurance premiums in accordance with the pmvislons of Section 10. These items are called "Escrow Items:' At origination
<br />or at anytime during the term ofthe Loan, lender may require that Community Association Dues, Fees, and Asxessments,if
<br />any be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />furnish to Lender all notices of amounts to be paid under this Section- Borrower shall pay lender the Fm)ds for Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds for anyor all Escrow Items. Lender may waive Borrower's
<br />obligation 10 pay to Lender Funds fur any or all Escrow Items at any time. Any such waiver mayonly be in writing. In the
<br />event of such waiver, Borrower shall ray directly, when and where payable, the structures due for any escrow Ilems for which
<br />payment of Ponds has been waived by Lender and, if lender textures, shall furnish to Lander receipts evidencing such
<br />payment within such time period as Lander early require. Borrower's obligation to make such payments and to provide
<br />receipts shall total] purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase
<br />"covenant and act cement" is used in Section 9. If Bon ower is obligated to pay Escrow Items directly, put uaR to a waiver,
<br />and Burrower fails to pay the amount due for an Escrow Item, Lender may cxercrse its rights under Section 9 and pay such
<br />amount and Borrower shall then be obligated under Section 9 w repay to Lender any such amount Lender may revoke the
<br />waiver M to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation,
<br />Borrower shall pay in 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 to per Lender to a ply the Funds at
<br />g
<br />the time specified under RESPA, and (b) not to exceed the maximum amount a lender can mahre under RESPA. Lender
<br />onto, .,,. ,MFnndxdue on the basis ofcurrent data and reasonable estimates edexpenditures offuNre Escrow
<br />Items or otherwise in accordance wnh Applicable Ilrw. _
<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) calif) any Fedual Home Iyaa Bank. lender shall
<br />apply the Funds m pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge But
<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 Fundy and Appl lcable Law permits lender to make such "is change. Unless an agreement is
<br />made in writing er Applicable Law requires Feel cut to be paid on the Fund;, I -under stud) not be required to pay But
<br />any interest or earn nFigs on the Funds. Borrower and Under can agree in writing, however, that interest shall l e mill on the
<br />Funds. Lender shall give to Hot rower, without charge, an annual accounting of the Funds as required by RESPA.
<br />If there is is surplus of Funds held in escrow, as defined under RESPA, Lender shall account in Bonower for the
<br />excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Pander
<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 payments. If there is a deficiency of funds held in
<br />escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Under the
<br />amount nerosary to make up the deficiency in accordance with It N.SPA, but or no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Seoul fly Irish 'current, tender shall promptly refund to Borrower any
<br />Fund, held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, chat ges, floes, and impositions amibtnablc 10 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, Pees, and Assessments, if any. To the extent that these items areescrow trams, Bonower
<br />shall pay them in the manner provided in Section 3
<br />Borrower shall promptly disable ly, any lien which has prior] ry over this Secnnty Instrument anless Bonower (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, butonly so long as
<br />Borrower is performing such agreement, (b) contests the lien in good faith by, or defends against enforcement of the lien al,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the hen while those ph'oeeel ings are
<br />Ubut only until such proceedings are concluded: or (c) secures from the holder of the lien an agreement s-atisfaaony to
<br />Lender subordinating the lien to this Security Instrument If Lender determines that any part of the Property is subject to a
<br />Gen which can attain priority over this Security Lou ument, lender limy give Borrower a notice identifying the lien. Within
<br />10 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 />above in this Section 4.
<br />Lender may require Borrower to pay a one -time charge for a real estate tax verification 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 on the Property
<br />insured against Toss by fire, hazards included within the let M 'extended covcmge,' and tiny other hazards are but not
<br />Ins to. air Ill Faso, and floods, for which Lender acquires insurance- This insurance shall be maintained in the amount,
<br />(Fuel ad, ag deductible levels) and for the periods that lender reg oil as. What Lender mgtures pursuant to the preceding
<br />sentences can change during the term of the Loan The insurance carrier providing the insurance shall be chosen by
<br />Borrower sobbed Ili Lenders right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with this Lawn, either (a)ti one -time charge for flood one
<br />determination, certification and stacking services: or do a one -time, charge for flood zone detcnnmation and cei oflcation
<br />services and subsequent charges each time rcmuppings or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall rise be responsible for the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review litany Flood zone determination resulting from an objection
<br />by Be, ewer.
<br />If cover fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's op Tenn and Borrower's expense. Pander 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, Bon rower's equity in the
<br />Property, or 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 cover age so obtained might sigmfrcaudy
<br />exceed the cost ofinsurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall
<br />hecomc additional debt of➢on'ower secured by this Security Insuvment. These amounts shall bear interest at the Note rate
<br />from the date of disbursement and shall repayable, with such interest, upon notice from Lender m Borrower reyuesting
<br />payment
<br />NI insurance policies , sal recurred standard Lender and renewals e, such aoGaes shall be subject to Lentle s right to
<br />disapprove such policies, shall include h saghtto mortgage clause, and stall name fates as mortgagee eSor es an
<br />additional loss payee. Lender shell have the right to hold the policies and renewal certificates- I l l ondo requires, Bonower
<br />shell promptly give to lender all receipts oY paitl premiums end renewal notices. [IBOr]oweu obtains any form ofinsurance
<br />NEBRASKA - Singlltrelay -Far F, Mao /Fnddte Nina UNIFORM INSIRUNIRNT Furnr]as 1 /01 fvusea �J'a ynye,r
<br />9954(71(^ -ail) GrT3
<br />Gorou lilfiWGi
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