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200208637
<br />If lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient meant
<br />to pay any lase charge due, the payment may be applied to the delinquent payment and the late charge. If more than one
<br />Penodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic
<br />Payments if, and in the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is
<br />applied to the full payment of one or more Periodic Payments, such excess may be applied many late charges due. Voluntary
<br />prepayments shall be applied first to any prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds m principal due under theNow
<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 Lender on the day Periodic Payments are due under the Note,
<br />until the Note is paid in full, a sum (the "Funds') m provide for payment of amounts due for: (a) taxes and assessments and
<br />other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) lumchold
<br />payments or ground rents on the Property, if any; (c) premiums for any and all insurance required bylsnder under Section 5;
<br />and (d) Mortgage Insurance premiums, if any, or any sums payable byBolrower m Lender in lieu of the paymentof Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items" Atoriginanon
<br />or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, ard Assessments, if
<br />any, be escrowed byy Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />far nish to Lender allnotices of amounts to be paid under this Section. Borrower shall pay Lender the Furls for Escrow Items
<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 may only be in wilting. In the
<br />payment of Ponds has been waived by Lender and, it Lender requires, shall tarnish 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 payEsaow Items directly, pursuant to a waiver,
<br />and Borrower fads 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 appply 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 end reasonable estimates ofuranditures offumreEscrow,
<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 ennry,
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items 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 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 taw 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 he 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 m Borrower for the
<br />excess funds 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 Burrower 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 payto Lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />I Ipon payment in full of all sums secured by this Security instrument, Lender shall promptlynefund to 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, Fee%, and Assessments, ifany. To the extent that these items are Esaowltems, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Bomowcr shall promptly discharge any lien which has priority over this Security Instrument unless Borrower; (a)
<br />legal proceedings which In Lender's opinion operate to prevent the enforcement of the hen while Nose proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactorym
<br />Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject in a
<br />lien which can attain priority overthis Security Instrument, Lender mayygive Borrower a notice identifying the lien. Within
<br />10 days of the date on which that entice is given, Borrower shall satisty the lien or take one or more of the actions set had,
<br />above in this Section 4.
<br />Lender may require Borrower to pay a one -time charge for a real estate taz 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 concretion 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 o 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 />Under may require Borrower to pay, in connection with this Luau, 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 imposedby the Federal
<br />Emergency Management Agency in connection with the review orally Fled zone determination resulting from an objection
<br />by Ban
<br />If Borrower fails m maintain any of the coverages described above, Tender 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, Borrower's 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 wasprcviouslyin effect. Burrower acknowledges that the cost ofthe insurance coverage so obtained might signaficanUy
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall
<br />become additional dcbtofBurrowcrsccural 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 requesti ng
<br />payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard moilgage clause, and shall name lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the riphtto hold the policies and renewal certificates. If Lender 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 Fainny— Fannie Ma reddie Mac IMFORM INSTRUMENT Forin3028 1 /01 (page3 f8 pages)
<br />9754 CV (lA2) 611925
<br />GOTO(00028605)
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