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20U2'ffifflo. 200213223
<br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficiemamount
<br />to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one
<br />Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic
<br />Payments if, and to the extent that, each payment can be paid in fill. 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 maybe applied to any late charges due. Voluntary
<br />prepayments shall be applied firstto any prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, of Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower s hal l pay to Lender on the day Periodic Payments are due under the New,
<br />until the Note is paid in Jul], a sum (the 'Funds ") to provide for payment ofamounts 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 ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5;
<br />and (d) Mortgage Insurance premiums, if any, or any sums payable by But to Lender in lieu ofthe paymentofMongage
<br />Insurance premiums in accordance with the provisions of Section 10.'1'hese items are called "Escrow terms." Ate, libation
<br />or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments,if
<br />any, be escrowed by Borrower, and such dues, fees and assessments shall bean Escrow Item- Burrower shall promptly
<br />furnish to Lender all notices of amounts to be paid tinder this Section. Borrower shall pay Lender the Funds for Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Under 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 writing. In the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow hone to which
<br />payment of Funds has been waived by Lender and, if tondo 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 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 pay Escrow items directly, pursuant to a waiver,
<br />and Borrower farts 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. evoke 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 />[tinder 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 RFSPA, and (h) 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 ofexpenditures offutmorEscrow
<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 entity
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Ifome lean 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 Lew 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 he required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and under 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 m 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 w 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 ofFunds held in
<br />escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall paytolender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security instrument, Lender shall promptly refundw Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall payall taxes, assessments, charges, fines, and impositions autibutableto the
<br />Property which can attain priority over this Security Insnvment, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Dues, Pees, and Assessments, if any. To the extent that these items are Escrow Irene. Borrower
<br />shall pay them in the manner provided in Section 3.
<br />But L ower shat) 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 performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to In the enforcement of the lien while those proceedings are
<br />pending, but on] y until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfectoryto
<br />Lender subordinating the lien to this Security Instrument. If Lender determi ties that any part of the Property is subject to
<br />Tien which can at Win priority over this Security Instrument, Lender may Dive Borrower a notice identi fying the lien. Within
<br />10 days of the date on which that notice is given, Borrower shall satisfy the lien of take one or 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 Iran.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by foe, 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 insulnnceshall 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 Lean. 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 />[ender may require Borrower to pay, in connection with this Fran, either: (a) a one -time charge for rood 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 ofany flood Lune determination i esultingfrom an objection
<br />by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender nlay 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. Theref ore, 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 costof the insurance coverage so obtained might significantly
<br />exceed the cost ofinsurance that Burrower could have obtained. Any amounts disbursed b Lenderundertus Secnnn5eha11
<br />become additional debt of Borrower secured by this Security Instrument. These anlounts slall 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 standard lender and renewals such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage chess, e, and shall name Lender as mortgagee and/or ro an
<br />oddlpiti loss payee. Under shall have the right to hold the policies and renewal certifica tes.Lfrender tormcfinsurance
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borower obtains any form of insurance
<br />NEBRASKA Single Family-- FannieMinstridaie Mw' UNIFORM INSTRUMENT Forn130211 1/01 (page3o)'Spager)
<br />975 .Cl IM2) 1615913
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