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200214063
<br />If I ender receives a payment If our But 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. 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 full. To the extent that any excess exists after the payment is
<br />applied to the full payment ufone or more Periodic Payments, such excess maybe 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 Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds, fire Escrow Items. Borrower shall payto Lender on the day Periodic Phonates aredue under the Note,
<br />until the Nate is paid in full, a sum (the Funds s') to provide for payment ofameunts due for: (a) taxes and assessments and
<br />other items which can attain priority over this Security lnstrumentas u 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 loader under Section 5;
<br />and (d) Mortgage Insurance premiwns, if any, or any sums payable by Borrower to Lender in lieu of the payment ofMortgage
<br />Insurance premums in accordance with the provisions of Section 10 These items are called "Escrow Items." Atorigination
<br />or at anytime during the term oohs Loan, Lender may require that Community Association Dues. Fees, and Assessitscro,if
<br />any, be escrowed by Borrower, and such dues, fees and assessments shall bean Escrow Item_ Borrower shall promptly
<br />turn; sh to Lender al l notices of amounts to be paid under this Section. Borrower shut l pay Lender the Funds for Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. I coder 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. Indic
<br />cvenrof such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrowliems for which
<br />payment of Funds has been waived by lender and, ff 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 deemed to be a covenant and agreement contained in this Security Instrument, as the phrase
<br />"cuvetant and agreement" is used in Section 9 It Borrower is obligated in pay Escrow Items directly, pursuant to a waiver,
<br />and Borrower fails to pay the amount due for art Escrow Item, Lender may exercise its rights under Section 9 and pay such
<br />amount and Borrower shall then be obligated under Section 9 m repay to Lender any such amount. Icndor mayrevoke the
<br />waiver as to any or al I Escrow Items at anytime 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 rec ufred under this Section 3.
<br />Lendermay, atanyytime, collect and hold Funds in an amount(a)so elent to per nut 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. Lander
<br />shall estimate the amount of Fonds due on the basis of current data and reasonable estimates ofexpendiu res of future Escrow
<br />Items nr otherwise in accordance with Applicable Law_
<br />The Funds shall be held in an institution whose deposits are insured bya federal agency, instrumentality, or entity
<br />(including Leader, it Lender is an institution whose deposits are so insured) or in any Federal IfomeThan Rank. Iender shall
<br />apply the Funds to pay the Escrow Items no later than the lime specified under RESPA. Lender shall not charge Borrower
<br />Lot holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Iorder
<br />pays Borrower interest on the Funds and Applicable taw permits Lender to make such a charge. Unless an agreement is
<br />made in writing or Applicable Law requires interest to he paid on the Funds, Iender shall not he 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 fn escrow, as defined under RESPA, Lender shall account to Borrower for the
<br />,xeess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Iamder
<br />shall notify Borrower as required by RESPA, and Borrower shall pay to 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 it deficiency of Funds held in
<br />escrow, as defined under RESPA, f ender 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 />Upon payment in full of al I sums secured by this Security l st,amen4 lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxcs, asscssmcn es, charges, fities, and impositions attributable to the
<br />Property which can auaf n priority over fit s Security Instrument, leasehold payments or ground rents on the Property, it any,
<br />and Community Association Dues. Pees, and Assessments, if any. To the extent that these items are Escrow Items. Borrower
<br />shall pay them in the manner provided io Section 3.
<br />Borrower shall promptly discharge any lien which has pr lot it) over this Security Instrument unless Borrower (a)
<br />agrws in wilting to the payment of the obligation secured by the lien in a manner acceptabla to Iendcq but only so lung as
<br />Borrower is performing such agreement; (h) contests the lien fn good faith by, or defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings arc
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satistacttoryto
<br />Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property, is subject to a
<br />lien which can attain priority over this Securitylnstrument, Lender maygive 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 one or more of the actions set forth
<br />above in this Section 4.
<br />Lender may require Burrower to pay 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 byfire, 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 shun be maintained in the amounts
<br />(including deductible levels) and for the periods that I ender requires. What Lander requires pursuant to the preceding
<br />sentences can change during the term of the Loan. The insurance carrier providing the insurance shall he chosen by
<br />But subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with flits Loan, either: Let a one -time charge for flood zone
<br />determination, certification and tracking services; or (b) a one -rime charge for Ilued Lune determination and certification
<br />services and subsequent charges each time n:mappings or similar changes occur which reasonably might affect such
<br />deurminatun or certification. Borrower shall also be responsible for the payment of any fens imposed by the Federal
<br />Emergency Management Agency in exa m;etiun with the review of any flood zone determination resulting from an objection
<br />by Borrower.
<br />It 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 shallcover 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 grourcror lesser coverage
<br />than waspreviouslyin effect. Borrower acknowledges that the costof the insurance coverage soobrained might significantly
<br />exceed the cost of insurance that Borrower Could have obtained. Any amounts disbursed by Lender under this Scorch 5 shall
<br />become additional debt oBorrower secured by this Security Instrument. These amounts shall bear interest at the Nate rate
<br />four are date of disbursement and shall be payable, with arch imerev, upon node, from Lender to Buz ower requesting
<br />payment.
<br />All insurance policies required by standard Lender and renewals e, such policies shall be subject ro lender's right to
<br />disapprove such payee. shall include n night to mortgage clause, and shall name Lender as mortgagee anther ro er
<br />shall promptly payee Lendershae receipts right to hold
<br />mers the
<br />and policies sr,al notices lcB(frro tell It Lender
<br />nytc)requires, BOnnwer
<br />shall promptlygive m Lender all rceeipts of pod premiums and renewal notices- If Borrower obtains. any form of insurance
<br />NEBRASKA Smglc Family —Fantle Mae /Freddie Mac UNIFORM INSTRUMENT Form302tl 1 /01 ?.1 SFlORev
<br />9951 CV (Ii)?, IR31NSe
<br />GOI OW"u'llex,
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