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200213660
<br />If Lender receives a payment from Burrower for a delinquent Periodic Payment which includes a sufficient amount
<br />to pay any late charge due, the payment may be applied to the delinquent payment and the late charge It more than one
<br />Periodic Payment is outstanding, lender may app y any payment received from Borrower to the repayment of die Periodic
<br />Paymentsif, and to the extent that, each payment can be paid in full. Tothe 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 ufamounts due for: (a) taxes and assessments and
<br />other, item; which can attain priority over this Security Irish Lucent as a lien or encumbrance on the Property; (b) leasehold
<br />payments or ground rents on the Property, if any, (c) premiums an any and all insurance required by Lender under Section 5;
<br />and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu ulthe paymentofMortgage
<br />Insurance premiums in accordance with the provisions of Section 10. Till items are called "Escrow Items." Atorigination
<br />or at any time during the term of the Lorm lender may require that Community Association Dues, Fees, and Assessments, if
<br />any, be escrowed by Burrower, and such dues, tees and assessments shall be an Escrow Item. Borrower shall promptly
<br />famish to lender all not ices ofamounn ut be paid under this Section, Borrower shall pay Under the Funds Nr Esciowlte ix
<br />unless Lender waive, Bunnwer'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 oral) Escrow Items at anytime Any such waiver may onlybe in writing. In the
<br />event of such waiver, Burrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which
<br />payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Bander 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 In all purposes redeemed robe a covenant and agreement contained mthis Security that, commit, 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 fails 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 tx: 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 anytime by a notice given fn accordance with Section IS 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 />Ural reay, at anytime, collect and hold Funds in an amount (a) sufficient to permitlendei to apply the Funds at
<br />lire 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 hasis of current data and reasonable estimates ofexpenditures oftrrart Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an nosho lion whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lender, it Lender is an institution whose deposits are se insured) or in any Federal Ilomeloan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items nu later than the time specified under RE SPA. Lendershallmacharge 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 oil the Funds. Borrower and Lender can agree In writing, huwrrveq that interest shall be paid on the
<br />Funds. Lender shall give no Burrower. without charge, an annual accounting of the Funds as required by RESPA.
<br />If there is it surplus of Funds held in cwrow, 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 Burrower as required by RESPA, and Borrower shall ray to lender the amount necessary to make up the
<br />shortage fit accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in
<br />escrow, as dallied ender RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments .
<br />l spun payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Bomower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Bortower shall pay all taxes, assessments, charges, ftnes, and'umpositions attributable to the
<br />Property which can attain priority over this Security Instru ment, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Dues. Fees, and Assessments, if any. To the extent that these items me Escrow Items, 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 writing to the payment of the obligation secured bythe lien in a manner acceptable to lender, but only so long as
<br />Bonower is performing such agreement; (b) contests die Iien in good Perth by, or defends against enforcement of the Iien in,
<br />legal proceedings which in lender's opinion operate to prevent the enforcement of the lien while those proceedings are
<br />pending but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to
<br />Under subordinating the lien to this Security Instrument If [ender 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 idenfiTrig the lien. Within
<br />10 days of the date on which that notice is given, Borrower shall satisfy the lien or coke one or more oPP 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 wfth 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 [oral"extended coverage;' and any other hazards including, but not
<br />limited to, vmthquakee 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 of the Loan. The insurance carrier providing the insuranw shall be chosen by
<br />Borrower subject to 1 ender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with this loam either: (a) a one -time charge for flood zone
<br />determin initiation, certification told trucking services; or (h) 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 certificatium Borrower shall also be responsible for the payment of any fees imposed by the Federal
<br />Emergency Managemen[ Agency in amnection with the review of any flood zone determination resulting Irom an objection
<br />by Bonower
<br />If Burrower 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 mightor 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 ineffol Borrowerack now [edges that the cost of the I man ance coverage so obtained might significantly
<br />cxcced the cost of, neuraLove that Borrower cou ld have obtained. Any amounts 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 Now rate
<br />from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borr ower requesting
<br />payment.
<br />NI insurance policies required standard Lender and renewals e, such itall' nax shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortoa p clause, ands roll name Lender as mortgagee and/or as as
<br />additional loss payees Gander shall have the right to hold [�ie policies and renewal certificates. If lender requires, Bunnwer
<br />shall promptly give in Lender all receipts of paid premiums and renewal notices. It Borrower chief ns any form of insurance
<br />NEBRASKA Slagle Family— Tannic Moon la osill Mac L'NIMEM INSTUNIRNT ForniAral 1/01 (pageJofloPo &en
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