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RE- RECORnFn
<br />200208615
<br />If Lender receives a payment from Borrower for a deli
<br />to pay any late charge due, the payment may be a ?plied to the
<br />Periodic Payment is outstanding, lender may app y any payme;
<br />Payments if, and to the extent that, each payment can be paid in
<br />applied 0 the full payment of one or more Periodic Payments, si
<br />prepayments shall be applied first in any prepayment charges i
<br />shall not extend or postpone the due
<br />3. Funds for Escrow lte
<br />until the Note is paid in full, a sum (t
<br />other Imms' which can attain priority
<br />payments or ground rents on the Prnl
<br />and (d) Mortgage Insurance premiun
<br />Insurance premiums in accordance x
<br />or at any time during the term of the I
<br />any, be escrowed by Borrower, and
<br />furnish to Lender all notices of arrow
<br />unless Lender waives Borrower', of
<br />obligation to pay to Lender Funds to
<br />over
<br />I any, or any sums
<br />the provisions of!
<br />200208363
<br />uent Periodic Payment which includes a sufficient amount
<br />:linquent payment and the late charge. If more than one
<br />received from Borrower to the repayment of the Periodic
<br />1. To the extent that any excess exists after the payment is
<br />i excess may be applied to any lam charges due. Voluntary
<br />I then as described in the Note.
<br />r Miscellaneous Proceeds to principal due under the Nom
<br />of the Periodic Payments.
<br />miler on the day Periodic Payments arch= under the Now,
<br />a lien or encumbrance
<br />,and all insurance regr
<br />F assessments shall be an Bt
<br />this Section. Borrower shat:
<br />Funds for any or all Escrow
<br />Items at any lime. Any such
<br />d "Escrow Items." At(
<br />I Dues, Fees, and Asse
<br />Item. Borrower shall
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow loans 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 m make such payments and to provide
<br />receipts shall for all purposes be deemed to be a covenant and agrem
<br />eent 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 an 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 to any or all 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 />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. Lender
<br />shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures offfiture Escrow
<br />Items or otherwise in accordance with Applicable haw.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or emity
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal h sw
<br />home In Bank. Lender shall
<br />apply the Funds to pay the Escrow Imms no later than the 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 firms, 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 earnings on the Funds. Borrower and Lender 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 hinds in accordance with RESPA. if there is a shortage of Funds held in escrow, as defined under RESPA, Lender
<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 in 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 fill of all sums secured by this Security Instrument, Lender shall pmmptlyrefu to Borrowerany
<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 Imms, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />But 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 ped4orming such agreement; (b) contcats the lien In good faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the hen while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures fiom the holder of the lien ana eement satiafaoh..ym
<br />Lender subordinating the lien m this Security Instrument. If Lender determines that any part of the ($Fogerty is subject to a
<br />lien which can attain the over this Security Instrument, Lender ma yy give Borrower a notice identiTng the lien. Within
<br />10 days of the date on which that notice is given, Borrower shall satisry the lien or take one or more oPP the 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 and/or reporting service
<br />used by Lender in connection with this Iran.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erectedon the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />mailed to, earthquakes and floods, for which lender requires insurance. 'Phis 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 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 -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 shnilai 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 />coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrowers equity in the
<br />Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained off ght sipficantly
<br />exceed the cost of insurance that Burrower could have obtained. Any amounts disbursed by Lender under 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 />from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />All insurance policies , sl required standard Lender and renewals e, such policies shall be gas mo to Lender's right to
<br />additional (eve such policies, shall include have a standard mortgage clause, and shall name Lender as mortgagee and/or as er
<br />shalltonalloss giver. Lender all a eipts of paid pr miums and renewal and renewal fBorro certificates. any of Borrower
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any fiorm of insurance
<br />NEBRASKA - Single family-- F'amdeMa âś“Freddie Mae UNIFORM INSTRUMENT F'urm3028 1/01 (pnxe3 IRpngra/
<br />9756PV(1,02) G11687
<br />corormozxxila
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