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200206375 If Lender receives a payment from Borrower for a delinquent Periodic Paymcat which includes a sufptcientamount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic 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 applied to the full payment ofune or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment chat ges and then as described m the Note. Any application of payments, insurance proceed¢, nr Misecllnnmus Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds far Escrowltems. Borrowershallpayto Lenderonihe day Periodic Paymcm, are due under the Vole, until the Note is paid in full, o sum (the "funds ") to provide (or payment ofamounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Properly; (b) leasehold payments or ground rert[s on tlhe Property, ifany; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, ifany, or anysums payable by Borrower to Lender in lieu ofthe payment oCMortgage Insurance premiums' in accordace with the provisions of Section I O.Thcsc items are called "Escrow Items" At cognomen orat any time during the term ofthe Lnan, Lender may rW erne that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, mid such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly famish to Lender all notices nfamounls to be paid under this Section. Borrower shall pay leaderthe Funds for Escrow [tents unless Trader waives Borrower's obligation to pay the Funds for tiny ur all Escrow Items. Lender may waive Borrower's obligation to pay to I ender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event ofmch waiver, Borrower shall gay 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 fimmsh 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 for all purposes be deemed in be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9, If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due form Escrow Item, Lender may exercise its rights tinder Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at 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. Leader may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time spermed under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount offends due na the basis of current data and reasonable estimates ofexpeni itures offuture F.acrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by federal agency, instrumentality, or entity (including Lender, i f Lender is an institution whose deposits are so insured) or m any Federal Home Loan Batik. Leader shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lenderto make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required t i pay Borrower any interest or earrings on the lands. Borrower and Lcndcr can agree in writing, however, that interest shall be paid on the I unds. Lender shall give to Borrower, without charge, an annual accounting ofthc 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 fiends in accordance with RESPA. Ifthere is a shortageofl'unds held in escrow, as defined under RESPA, Lender 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 payments_ Ifthere is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall payto lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in fidl ofall sums secured by this Security Instrument, Lender shall promptlyrefimd to Borrower any Funds held by Lender. 4. Charges;Liens. Borrower shall pay all taxes, assessments, charges, fares, and impositions atinbutable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, irony, and Community Association Dues, Fees, and Assessments, ifany. To the extent tliat these it im ae Escrow l=is, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment ofthc obligation secured by the lien in a manner acceptable to Lender, but only m long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement ofthe lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement ofthe lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agtesnrentsntisfacioryto Lender subordinating the lien to this Security Instrument. If Leader determines that any part ofthe Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days ofthe date on which that net ca is given, Borrower shall sari sty the lien or take one or more ofthe actions set forth above in this Section 4. Lender may require Borrower to pay a one -time charge for a real estate tax verification and /or reporting service used by Lrnder in connection with this Loan_ 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "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 amounts (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. Lender may require Borrower to (gay, in connection with this Loan, either: (a) a one -time charge for flood zone determination, certification and trucking services; Or (b) a one -time charge for flood zone determination and certification eerviccs and subsequent charges each time re Tappings 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 of any flood zone determination resulting from an objection by Borrower_ . If But owe, tails 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. Therefore, such coverage shat l cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents ofthe Property, against any risk, hazard or liability and might provide greater or hisser coverage than was previously in effect. Borrower acknowledges that the cost ofthe insurance coverage so oblairiedmightsignifrcantly exceed the cost of insurance that Ciorrnwer could have obtained Anyamountsdisbursedby Lmderund,this Section5shalI become additional debt of Borrower secured by this Security Instrument. Theseamouduis allbear interest at the Note rate front the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by standard and renewals e, and hall policies shall be subject to Lender's right to disapprove such policies, shrill include a standard mortgage cause, and shall naive Lender as mortgagee and/or as an er .shall comply payee. Lender shoeeipts of right premiums the and rind rtices. fBortowet IfLenderr form shall promptly give to Lender all receipts ofpaid premiums and renewal notices. lCBon'ower obtains any form ofinsurance NEBRASKA - Single Family -Fannie M.&Fre44ie Mac UNIFORM INSTRUMENT Form3028 1101 Qrnge3oJ8pagegl ...i Cv (lrtr') I,Ni48 GOTOI.a'- -JRev)