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200206677
<br />If Lender receives a payment from Borrower far a delinquentPeriodic Payment which includes a sufficient amount
<br />to pay any late charge due, die pa. at may be afplied to the delinquent payment and the late charge. If more than one
<br />) N
<br />Periodic Payment is outstanding, =er may app y amy payment received from Borrower to the repayment of the Periodic
<br />a exists after the payment is
<br />late charges due. Voluntary
<br />rincipal due under the Note
<br />is are due under the Note,
<br />taxes and assessments and
<br />the Property; (b) leasehold
<br />by Lender under Section 5;
<br />of the payment ofMortgage
<br />Insurance prermums m a or cewi theprovisio of 10. These items are called "Escrow Items." At origination
<br />or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, 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 Funds for Escrow Items
<br />unless Leader waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may wai . vellorrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may 0n1W be in writing. In the
<br />event of such waiver, Borrower shall pay directly, when and where payable; the amounts due for any scrow Items 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 p"
<br />"covenant and a*.reement" 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 an Escrow Item, Lender may exercise its ri is under Section 9 and pay such
<br />amount and Borrower shall then be obligated under Section 9 to repa3 - — famount. Lender may revoke the
<br />waiver as to any or all Escrow Items at any time by a notice given in accordance wid�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 any time, 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 maximum amount a lender can require under RESPA. Leader
<br />shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures offinure 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 enti
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in anyFederal Home Loan Bank. Lender SM
<br />apply the Funds to pay the Escrow Items no later than the firne 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 Leader
<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 earnings on the Funds. Borrower and Leader can agree in writing, however, that interest shall be paid on the
<br />Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
<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 accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Leader
<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 Lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly ayments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly =Ywpo Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, 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 Assessments, if any. To the extent that these items are Escrow Items, Borrower
<br />shall pay them in the manner 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 of the obligation secured by the lien in a manner 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 enforcement of the lien in,
<br />e a n h chin nde ini n e en e e at o e ien wh e th
<br />sat's
<br />IS11 su
<br />Le dorce th I i' o'e pr7
<br />um" ar ecur d`7 I ofthe Jen an a7 neat
<br />fl the Propertyh
<br />g I pruc� gs h w ' th r' s op 0 op pr v t tfny :tdi'coe den n en
<br />end n b Wy such n e c 'or(c' a es om ho
<br />' to i S gs on c I n manes fla�
<br />de s
<br />gt
<br />r more f the actions
<br />n su rd1na n e Is
<br />Jen h h can attam nori ove Is n n nd r 4 ve Bo er a n
<br />ys Ic th dare p S �l , ow s I s s 11 r 0 e 0
<br />w
<br />10 � I of is e on whIc that notice Is gl en Bo er h e en e n
<br />aW e n th 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 loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods 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 Leader s right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Leader may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone
<br />determination, certification and tracking services; or (b) 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. Borrower shall also be responsible for the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection
<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 under no obligation to purchase any particular type or amount of
<br />co era e The e e h e a e hal e n but bra tectB ower B
<br />to �t orr de
<br />ton Van ' im provi
<br />t r core s is th v r U n &r. d 'or g " ot
<br />v for , uc cov g a 'co
<br />c e n n 0 e pe a n a nk h ab
<br />a
<br />co th morance erage 0 ob
<br />a ws
<br />y L " . b b Le
<br />Prop w 0 10 y f 0 st 0
<br />than re "I in effect. B 0 r ac owledges t e tof e I
<br />exceed th P cost of Insurance that Borrower could have obw W y fooms di rider
<br />become additional debt of Borrower secured by dils Swurl V Ins �nt. These iiats s I bear
<br />from th W of Is urs in t s all p ya I , with uc W st, upo rice from Len&r
<br />e da d b e en and h be a be h n re n or
<br />payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />dis�pprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold e policies and renewal certificates. If Leader requires, Borrower
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance
<br />NEBRASKA—Single Farrily—Fannie Mae/Freddle Mw UNIFORM INSTRUMENT Form 3028 1/01 (page 3 of 8 pages)
<br />9754.CV (1/02) G11665 I
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<br />GOTO(00023cf5)
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