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200205745
<br />If Lender receives a payment prom Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br />to pay any late charge due, the payment maybe applied to the delinquent payment and the late charge- R mum Iran one
<br />Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic
<br />Payments if, and tit the extent that, each paymcnlcan be paid in full. In the extent that any excess exists after the plarmi t is
<br />applied m the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary,
<br />prepayments shall be applied first to any prepayment charges and then as described in the Note
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<br />Any application of payments, insurance pproceeds, 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 l ender on the day Periodic Payments arc due under the Note,
<br />until the Note is paid in full, a sum ( the "Funds' ") to provide for payment of amounts due for: (a) taxes and asses strc as and
<br />other items which can attain priority over this Security Instrument as it lien or encumbrance on the Property; (b) leasehold
<br />payments or ground rents on the Property, if any; (c) prerniums for any and all insurance required by Lender under Section 5;
<br />and (d) Mortgage Insuffa ce premiums, if any, or any sums payable by Bunnwer to Lender in lieu ofthc payment ofMortgage
<br />Inmmanee oremiums in accordance with the provisions of Section 10. These items arc called "Escrow Items.- At origination
<br />or at any tune during the term of the ratan, Lender mayrequirethatt .ommm,ittynssochanonuues,rc:s,aou ,sscssulcu.,Li
<br />any, be escrowed by Burrower, 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 his Section. Borrower shall pay Lenderthe Funds for Esciowlterns
<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 mayonly he in writing. la the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow ltems for which
<br />payment of Funds has been waived by Lender 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 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 Borrower fails to pay the amount due for rot 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 Lender may revoke the
<br />waiver as al any mail Escrow Items at any time by a notice given in accordance with 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 />Tender may, at anytime, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at
<br />the time specified under RESPA, and (b) not to exceed the mnxinmm amount a lender can require under RESPA. Lender
<br />shall estimate the amount of funds due en the basis of current data and bear sonuMc estimates of expenditures of throw Escrow
<br />Items or otherwise in accordance with Applicable Law,
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including lender, if Lender is an institution whose deposits are in insured) or in any Federal HnmcloattBank Leadershall
<br />applythe Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower
<br />fur 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 to pay Borrower
<br />any interest or Linings on the funds. Borrower and Lender can agree in writing, however, that interest shall be aidon the
<br />Funds. Lender shall give to Burrower, without charge, an annual accounting of the Funds as required by RESIQA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, lender shall account to Borrower for the
<br />excess funds in accordanec with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender
<br />shall notify Burrower as required by RESPA, and Borrower shall pay to lender die amount necessary to makeup the
<br />,shortage In accordance with RESPA, but in no more than 12 monthly payments. It there is a deficiency of Funds held in
<br />escrow, as deftned under RESPA, Lender shall notify Borrower as required hyRF.SPA, and Bon rower shall payto Lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than I2 monthly payments.
<br />I Tpon payment in full of all sums secured by this Security Instrument, I ender shall prompdyrefundto Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all t axes, asses sments, charges, 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 Assess menu, if any. To the extent that these items are Escrow Items, Borrower
<br />shall pay then[ in the manner provided in Section 3.
<br />Borrower shall In ouriptly discharge any lien which has prioririty over this Security lnstrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in it manner acceptable to lender, but only so king as
<br />Borrower is performing such agreement: @) contests the lien in good faith by, or defends aFmnst enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the Tien while Nose proceedings am
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agreement satisfactory to
<br />T.cndcr subordinating the lien to this Security Instrument, It Lender dcaammucs that any part of the Proper[y is subject boa
<br />lien which can attain priority over this Security Instrument, Under may give Borrower a notice identifying elien. Within
<br />10 days of the date on which that notice is given. Borrower shall satisfy the lien or lake one or more of the actions set firth
<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 Iran.
<br />5. Property Insurance. Borrower shall keep the Improvements now existi ng or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage' in" and any other hazards includg, but not
<br />limited b, earthquakes and Floods, for which T crewr requires insurance- This insurance shall be maintained in the amounts
<br />(including deductible levels) and fur the periods that Lender requires. What lender requires pursuant to the pre ceding
<br />sentences can change during the term o the Iaoan. The insurance carrier providing the insin'anee shall be chosen by
<br />Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to ppay, in connection with this Loan, either (a) a one -lime charge for flood zone
<br />determination, certification and Trucking services: or (h) a one -time charge for flood 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. Burrower shall also be responsible for the payment of any tees imposed by the Federal
<br />Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection
<br />by Bunnwer.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain Insurance coverage, at
<br />lender's option and Borrowers expense. Lender is under no obligation ho 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, ur the contents of the Property, against any risk, hazard or liability and might provide neater or lesser coverage
<br />than was previously in effee. Borrower acknowledges that the cost oflhe insurance coverage soobtained mightsignifican tly
<br />exceed the cost c f insurance that Borrower ceuld hove obtained- Any amounts disbuncd by Lender under this Section 5 shall
<br />becomeaddit ionaldehtrfBurruwersecinedbythts Secu ntylnsrrunlent. These amounts shall bear interest at the Note rote
<br />from the dale of disbursement and shall he payable, with such interest, upon notice from Linder to Borrower requesting
<br />payment
<br />All insurance policies required by standard Lender and renewals e, such politics shall be subject to Lender's right m
<br />disapprove such payee, L n shall include a standard mortgage clause, and shall name lender as ender requires, and/or o er
<br />shall promptly payee Lender all shall
<br />receipts the paid pr miums and icier and odes ItBorro ea. bLen a nylorofBumlwce
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance
<br />NEIIRASKt Single Family- FVauie Mae/Freddie Mac UNIFORM INSTRUMENT Ponn3028 1/01 3,,l 811,11)
<br />5154(V llro?) milss
<br />GOTOlaa0 -iV,
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