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200210479
<br />receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br />rge due, the payment may be applied to the delinquent payment and the late charge. If more than one
<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 to any 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 to principal due under the Now
<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 ") to provide for payment of mounts 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) leasehold
<br />payments or Bound rents on the Property, if any, (c) premiums for any and all insurance required byy Lender under Section 5;
<br />and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu ofthe paymentofModgage
<br />Insurance premums in accordance with the pmvision' of Section 10. These items are called "Escrow Items.' At origination
<br />or at any tlmeduring the term oft he Loa n, Lender mayrequire 'hat Community Association Dues, Foes, and Assessments,if
<br />any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />f�mishblender all notices of amounts to be paid underthis Section. Borrower shall payLenderthe Funds 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 In pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrowltems for which
<br />payment of Funds has been waived y 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 It to he 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 pay Escrow Items directly, pursuant to a waiver,
<br />and Borrower Earls to pay the amount due for an in
<br />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 reqquired 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 ofexoenditures offimm Escrow
<br />1 he Funds shall be held in an, institution whose deposits are insured by a federal agency, instrumentality, or entryy
<br />(including Lender, if Lender is an institution whosedeposits are so insured) or in any Fedual HomeInen Bartt. Lender slwll
<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 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 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 Borrower shall pay m 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 an Leader the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Union navmcm in full ofall sums seemed by this Security Instrument. Lender shall monmadvrefund to Borrower anv
<br />Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable in the
<br />tyover this Security Instrument, leasehold payments or ground rents on the Property, if any,
<br />es, Fees, and Assessments, if any. To the extent that these items are EscrowImms, Borrower
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in unitingg to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as
<br />Borrower is perfarming such ageemenq (b) contests the lien in good faith by, or defends againstenforcement of the lien m,
<br />legal proweit s which in Cender's opinion operate m prevent the enforcement of [he hen while those proceedings are
<br />pending, but only until such proceedings arewncluded; or (c) secures from the holder oFthe lien an agoement satisfacroryto
<br />lender subordinating the lien m tl»s Security Instrument. If Lender determines [ha[ any part of the Property is subject m a
<br />lien which can attain priority over this Secunty Instrument, Lender mayy give Borrower st notice identifying the lien. Within
<br />10 days of the date oa which that notice is given, Borrower shall satisty the lien or take one or more of the action set forth
<br />above m 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 />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 dorm? the term of the Iran. The insurance carrier providing the insurance shall be chosen by
<br />Borrower subject to Lender s right m disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with this Iran, either: (a) a one -fime 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 />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 was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained mighlsignificantly
<br />exceed the cost of insurance that Borrower could have obtained. Any mounts 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 required by Lender and renewals of such policies shall be 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 loss payee. lender shall have the right to 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 Family -- Fannie Mae/Frediie Mac UNIFORM INSTRUMENT Farm3029 1/01 (yaye3rf8pages)
<br />9754 CV nA2) 011967
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