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200208516 If Under receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount w pay airy late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Penodic Pa eat is outstanding, Cender may apply any payment received from Borrower to the repayment of the Periodic Pxymen[s it7and to the extent that, each payment can be paid m full. To the extent that any excess exists after the payment is applied to the full payment ofone or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prcpaymem charges and then as described in the Note. Any apphcanon ofpayments ,insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall no[ extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for &vcrow Items. Borrower shall payto lender on the day Periodic Payments are due udder the Note, nniil the Nnle is paid in full, n sum (the "1vnds ") to provide Cur payment of amounts due for: (a) taxes and assessments and other items which can attain ppriority over this Secunty Instrument as a lien or encumbrance on the Property; (b) leasehold payments nr ground rents on theProperry, if any,-(.) premmms fur any and all insurance required by fender under Section 5; and (d) Mortgage Insurance premiums, dany, or any sums payable by Borrower to Lender in lieu ofihe paymentofMortgage insurance premiumsin accordance with the provisions ofSecnnn 10. These items are called 'Escrow Items.' Atongmamm oratanytimeduringihetermofthe Loan, Lender may require that Community Association Dues, Fees, and Assessments,if any, be escrowed by Borrower, and such dues, fees and asscsvmears shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices ofamountc to be paid under this Section. Borrower shall pay Leader lheFunds for Escrow Items unless lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender my waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at anytime. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow lhems for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation m make such payments and to provide receipts shall for all purposes be deemeol to 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 £ails to pay the amount due fir, an Escrow Item, Lender may exercise its nghis unit., Section 9 and pay such amount and Bonower shall then be obligated unite[ Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow items at any time by x notice given in accordance with Section 15 and, upon such revocation, Bonower shall pay to Icnder all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates ofexpendiLures of future Escrow 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, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Bonower 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 Lender to 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 to pay➢orrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds 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. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Burrower as required by RESPA, and Borrower shall pay to Lead. the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptlyrefundto B rmlwer any Funds held by lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. Tothe extent that these items ancEscowltems, Borrowcr shall pay them in the manner provided in Section 3. Burrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable In Lender, but only so long as Borrower is performing such agreement; (b) contests the lien In good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings areconcluded; or (c) secures from the holder of the lien an agreement sadsfactoryro Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, tender may give Borrower a notice identifying the lien. Within 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 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 Lender in connection with this Loan. 5. Properly Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property Iagainst loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Under requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Under requires pursuant to the preceding sentences can change during the term in the Iran. 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 pay, in connection with this Loan, either. (a) a one -time charge for flood cone determination, certification and tracking services; or (b) a one -time charge for flood zone determination and certification services and subsequent charges each time remappings or similar change 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 Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's optron and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Under, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of maw once coverage soobtamed might sil;mficaad exceed the cost of insurance that Burrower could have obtained. Any amounts disbursed by lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal ccrtifrcaws. If Lender require, Borrower Shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance NEBRASKA - Single Family- -Fannie Mac /Freddie Mac LNIFORM INSTILLMENT Form 3025 I /01 (page3 le pager) 914CV(IM) Gr601 GOTO(aW2820)