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200210529 If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount te pay any late charge due, ' 0 P2 ym on' maybe applied to the delinquent payment and the late charge. If more than one Penodic payment is outstanding, lender may apply any payment received from Romlwcr to the repayment of the Periodic Payments if and to theextent that, each payment can be paid n Cull. To the extent that any excess exrsts after the paymentis applied tothefull�ayment of one or more Periodic Payments, such excess may he applied to anylale charges due. Voluntary prepayments shat be applied firs[ to any prepayment charges and then as described in the No[e. Anyapphcat nnfPayments,moomecp uceeols, ur Miscellaneous Proceedswprincipal due under the Nule shall not extend or postpone the due date, or change the amount, of the Periodic payments. other items which can attain priority over this Security ins payments or ground rents on the Property, if any; (e) premi and (d) Mortgage Insurance premiums, if any, or any sums Insurance premiums in accordance with the provisions of! or at any time during the term ofthe Loan, Lender may regl any, be escrowed by Borrower, and such dues, fees and i furnish to Lender all notices of amounts to be paid under th ider on the day Periodic Payments arc due under the Nate, mien of amounts due for: (a) taxes and assessments and as a lien or encumbrance on the Property; (b) Ieaschold my and all insurance rea Hired by Lender under Section 5: unless lender waives Borrower's obligation to pay the Ponds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. 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 Items for which payment of Funds has been waived by Lender and, if Lender requires, shall famish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to snake such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. ICBorrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due tot an Escrow Item, Lender may exercise its dghis under Section 9 and pay such amount and Borrower shall then he obligated under 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 a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender 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) sumcient to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum mount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis ofcurrent data and reasonable estimates ofexpenditures offutureEscrow Items or otherwise in accordance with Applicable law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or emit I (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Hume Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower 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 restores interest to be paid on the Funds, Lender shall not be required to pay Borrower 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 Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. ITpon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrowcrshall pay all taxes, assessments, charges, fines, and impositions attribumblelothe 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, ifany. To the extent that these items are Escrowltem5, Borrower shall pay them in the manner provided in Section 3. Borrower 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 to Lender, but only so long as Bonower is performing such agreement; (b) contests the lien in good faifli by, or defends against enforcement of the lien m, 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 are concluded; or (c) secures from the holder of the lien an agreement sadsfactoryto Lender subordinating the lien to this Security Instrument If Lender determines that any part of the Propert is subject m a lien which can attain priority over this Security Instrument, Lender 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 Bran. S. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What lender requires pursuant to the preceding sentences can change during the term o9 the Loan. 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 he exercised unreasonably. Under may require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone 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 changes 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 option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Theref ore, such coverage shall ewer Lender, 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 the insurance coverage so obtained ought signific r y over secured by this Securitylnstrument. These amounts shall bear interest at the Now rate and shall be payable, with such interest, upon notice from lender to Borrower requesting payment. All insurance policies required by standard Lender and renewals e, such policies shall be subject to lender's right to disapprove such payee. shall include a standard mortgage clause, and shall name Lender as mortgagee and/or o er additional loss give et. Lender shall have the right to hold the policies and renewal certificates. If lender requires, Borrower shill promptly give m Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance NEBRASKA — Single Faintly Fannie MasTreddie Mae RMFORM INSTRRMENT Fnrm3029 1 /01 (page]nj'Apage.e) 9754.W ofie) mlxxfi GO I0(gx21A471