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receives
<br />rge due,
<br />of oneor r
<br />ed first to
<br />shall not en
<br />3.
<br />until the N(
<br />other items
<br />or at any time during the term of the Loan,
<br />any, be escrowed by Borrower, and such
<br />furnish to Lender all notices of amounts to
<br />unless lender waives Borrower's obligati
<br />obligation to pay to Lender Funds for any
<br />event of such waiver, Borrower shall gay c
<br />payment of Funds has been waived by L
<br />200210432
<br />n Borrower for a delinquent Periodic Payment which includes a sutficientamount
<br />ray be applied to the delinquent payment and the late charge. If more than one
<br />any apply any payment received from Borrower to the repayment of the Periodic
<br />ymentcan be paid in full. To the extent that any excess exists after the paymentis
<br />Periodic Payments, such excess may be applied to any late charges due. Voluntary
<br />)repayment charges and then as described in the Note.
<br />insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />or change the amount, of the Periodic Payments.
<br />lorrower shall pay to lender on the day Periodic Payments are due under the Note,
<br />r may require that Community Association Dues, Fees, and Asse
<br />fees and assessments shall be an Escrow Item. Borrower shall
<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 oblige led to pay Escrow Items direct) y, 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 in 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 ofcurrent data end rcaeonxble estimates of expendiums offunrm Farrow
<br />Items or otherwise in accordance with Applicable raw.
<br />The Funds shall be held in an institution whose deposits are insured by federal agency, instrumentality, or entity
<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 hl pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Burrower
<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 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 Lander can agree in writing, however, that interest %hal I he paid on the
<br />Funds. Under 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, Ixndcr 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, Lender
<br />shall notify Borrower as refit tried by RESPA, and Borrower shall pay to render 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 [Ender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />L1 on payment in fill of all sums secured by this Security Instrument, Iander shall promptly refund b 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, ifany. To the extent that these items me Ewpowlagns, 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 wrttin g m the payment of the obligation secured by the lien in a manner acceptable to Under, but only so Tong as
<br />Borrower is pe rating such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Ignder's opinion operate to prevent the enforcement of the lien while those proceedings arc
<br />pending, but on�y until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to
<br />Lender subordinating the lien to this Security Instrument. If Lander determines that any part of the Property is subject to a
<br />lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within
<br />10 days of the date on which that notice is given, Borrower shall satisfy the lien or take oneor more of 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 Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />Borrower subject to Lenders right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender my require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone
<br />determination, certification and tacking 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. Boffowcr 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 Boffower tails 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, Boffowei s equity in the
<br />Property, or the contents of the Pinperly, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in effect. Borrower acknowledges that he cost of the insurance coverage so obtained might significantly
<br />exceed the cost of insurance that Borrower could have obtained Any amounts disbursed by Ixndcr 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 Under to Borrower requesting
<br />payment.
<br />All insurance policies required by Lander and renewals of .such policies shall he subject to lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional Inns payee. Iender shill have the right to hold the policies and renewal certificates. IfUnder 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 Family —FanNe Mae/Freddie Mac UNIFORM INSTRUMENT Form3028 1/01 (page 3 of8pagee)
<br />9754 CV (Iro3) C11565
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