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200200982
<br />If I.ender receives 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 from Borrower to the repayment ofthe Periodic
<br />Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is
<br />applied tothe full payment ofone or more Periodic Payments, such excess maybe applied to any la techargesdue. Voluntary
<br />prepayments shall be applied first to any prepayment charges and then as described in the Note.
<br />Any application ofpayments, Insurance proceeds, or Miscellaneous Proceeds to principal due under the Nole
<br />shall not extend or postpone the due date, or change the amount, ofthe Periodic Payments.
<br />3. Funds for Escrow It ems. Borrower shall pay to Lender on the day Pei odlc Payments are due under the Note,
<br />until the Note is paid in full, a sum (the "Funds ") to In tar 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 Properly; (b) leasehold
<br />payments or ground rents on the Property, ifany; (c) premiums for any and all insurance required by Lender wider Section 5;
<br />and (d) Mortgage Insurance Inemi ums, ifany, or any sums payable by Ron rower to Lender in lieu ofthe payment ofMorigage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items" At origination
<br />or at any time during the term oft he Loan, Lender may require that Community Association Dues, Fees, and Assessments, if
<br />any, be escrowed by Bon ower, and such dues, fees and assessments shall be at Escrow Item- Borrower shall promptly
<br />furnish to Lender all notices ofamounts 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 may waive Borrower's
<br />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
<br />event ofsuch waiver, Borrower shall gay directly, when and where payable, the amounts due for any P.serow Items for which
<br />payment of Funds has been waived by Lender and, if Lender requires, shall Finnish to lender receipts evidencing such
<br />payment within salt time period as Lender may require. Borrower's obligation to make such payments and to provide
<br />receipts shall for all purposes he Jcemed to be a covenant and agreement contained in this Security Instrument, asthe phrase
<br />"covenant and agreement "is used in Secion 9. ]f Borrower is obligated to pay Escrow Items directly, pursuantto awarver,
<br />and Borrower fails to pay the amount due for an Escrow Kenn, Lender may exercise its rights under Section 9 and pay such
<br />amount and Borrower shall then he obligated under Section 910 repay to Lender any such amount Lender may revoke the
<br />waiver as to any or all Escrow hems ar any time by a notice given in accordance with Section 15 and, upon such revocation,
<br />Burrower shill pay to Lender all Funds, and in such amounts, that ae then required nnder this Section 3.
<br />Lendennay al any time, wllccl and hold Funds in an amount(s)su orient to permit Lender to apply the Funds at
<br />the lime specified under RESPA, and (b) not to exceed the mzximum amount a lender can requite under RESPA. Lender
<br />shall estimate the amount ofFlndv due on the basis ofcurrenl data and reasonable estimates ofexpendinues offuture Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />The Funds shell Ie held in an institution whose deposits are insured in a federk agency, instrumental ity,slershty
<br />(including Lender, i I Lender is nn 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 ilia 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 oa the Foods and Applicable Law permits Lender to make such a chage. Unless an agreement is
<br />made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to gay Borrower
<br />anyinterestorearningsonthe Funds. Borrower and Lender can agree in writing however, that interest shall bepaidonthe
<br />Funds. Lender shall give to Borrower, wilhont charge, an annual accounting of the Funds as required by RESPA.
<br />Iflhere is a surplus off unds held in escrow, as defined tinder RESPA, Lender shall account to Borrower for the
<br />excess funds in accordance with IIFSPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender
<br />shall notify Borrower as requited by RESPA, and Borrower shall pay no Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no more than 12 monthly payments. Iflhere is a deficiency of Funds held in
<br />excow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall poyto 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 ofall sums secured by this Security Instrument, Lender shall prompthyrefimd to Borrower any
<br />Funds held by Lender.
<br />4. Charges;Liens. Borrower shall pay all taxes, assessments, charges, fines, and imposiliunsattribulablelothe
<br />Propery which can attain priority over this Security Instrument, leasehold payments m ground rents on the Properly, ifany.
<br />and Community Association Dues, Fees, and Assessments, ifany. To the extent that these items are Escrow Items, Borrower
<br />shall pay them in the aanner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment ofthe obligation secured by the lien in a mender acceptable to Lender, but only so long as
<br />Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enfreement offhe hen In,
<br />legal proceedings which in I ender's opinion operate to prevent the enforcement of the lien while anise proceedings are
<br />pending but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agreement satisfactory to
<br />Lender subordinating the lien to this Security Instrument. If Lender determines that any pmt ofthe Property is subject to a
<br />lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within
<br />10 days ofthe dale on which that notice is given, Borrower shall satisfy the lien or lake one or more ofthe 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 anePor reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep doe improvements now existing or hereafter erected on ate Property
<br />insured against loss by tire, hazards included within the term "extended coverage;' and any other hazards including, but not
<br />limited to, earthquakes and foods, for which lender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the veriods that Lender requires. What Lender requires 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 subject to Lender's right to disapprove Harrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower 10 pay, in connection with this Loan, enter. (a) a one -time clmrge for Flood zone
<br />determination, certification and hacking services; or (b) a one -time charge for Rood zone determination and certification
<br />services and subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review ofany Rood zone determination resulting fiom an objeetlnn
<br />by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is tinder no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover L ender, but might or might not protect Borrower, Borrower' s equity in the
<br />Property, or the contents of the Property, against sty risk, hazard or liabdny and might provide grease' or lesser coverage
<br />than was previously in effect. Borrower acknowledges that ate cost ofthe insurance coverage so obtained might significand
<br />exceed the cost ofinsurance that Borrowercould have obtained. Any amounts disbursed by Lender alder this Section 5 shall
<br />become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate
<br />front the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />All such policies, policies required standard Lender and renewals e, suds policies shall be subject to Leader's
<br />and/ right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as a.
<br />ei
<br />shall prom promptly payee. Lender all a eipts the
<br />ofpaid remiuihepolreies and ounces. lfB certificates. rOW If Lender
<br />any for of insurance,
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. IfBormwer obtains any form of insurance
<br />NEBIWSKA— Single Fmnily— Faanle Mae /FrNdie Mee UNIFORM INSIIIIfllt r Vans 3028 1/01 (page 3 of8 pogo,)
<br />9754 CV (2m 1) Glllm
<br />G11rO(ae01 ..v)
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