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200214193
<br />If Lender receives a payment from Borrower 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 ofthe Periodic
<br />Payments if, and to the extent that, each payment can be paid in ftdl. 'I 'o the extent that any excess exists after the paymeu is
<br />applied to the Cull payment ofone or more Periodic Payments, such excess may be applied to any latecharges due. Voluntary
<br />prepayments shall be applied first to any prepayment charges and then as described in the Note.
<br />Any application ofpaymems, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, ofthe Periodic Payments.
<br />3. Funds for Escrow It ems. Borrower shall payto Lender on the day Pei iodic Payments are due underthe Note,
<br />until the Note is paid in full, a sum (the "Funds ") to provide for payment ofamounts due for: (a) taxes and assessments and
<br />other iteuls 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, ifany; (c) prenhiams for any and all insurance required by Lender under Section 5,
<br />and (d) Mortgage Insurance premiums, it any, or any sums payable by Burrower to Lender in lieu ofthe payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are called °Eacrow Items." Al origination
<br />or at anytime during the teen ofthe Lour, Lender mayrequire that Community Association Dues, Fees, and Assessments. if
<br />any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall pronpty
<br />m onsh to lznder all notices ofanhaunts to be paid under this Section. Borrower shall pay Lendertlhe Funds for Escrow Items
<br />mhless Lender waives Borrower'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 or all Escrow Items at any time. Any such waiver may only be in writing. In the
<br />event ofsuch waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items fm which
<br />payment of Funds has burn waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such
<br />ment
<br />pay within such time period as lznder may require. Borrower's obligation to make such payments and io provide
<br />receipts shall for all purposes be deenhed 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 fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such
<br />amountsndBon'owei shall then be obligated under Section 9 torepay to Lender any such amount Izndermayrcvukethe
<br />waiver as to any or all 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 required 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 ofexpendi ares offlrmre Escrow
<br />Items or dinn,ise in accordance with Applicable Luw.
<br />'f he Funds shall be held in an insulation whose deposits are insured by a federal agency, instrumentality, or crony
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall
<br />applythe funds to pay the Escrow Itenhs 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 Leader
<br />pays Borrower interest on the Funds and Applicable Law permits Lender to make such u charge. Unless all agreement is
<br />made in writing or Applicable Law requires interest to be paid on the Funds. Lender shall not be required to pay Burrower
<br />anyinterestoreamings 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 accounfing Of the Funds as required by RESPA.
<br />Ifthere 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 ROSPA. If there is a shortage of Funds held in escrow, as defined kinder RESPA, Lender
<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 nn 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 Bon'ower shall payto lznder 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 PmntPty refund to Borrmver any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall payall taxes, assessments, charges, fines, and impositions attributable to tlhe
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Dues, Fuss, and Assessments, ifany. TO the extent that these items am 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 But (a)
<br />agrees in writing to the payment of the obligation secured by the lice 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 ofthe lien 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 am concluded; or (e) secures from the holder ofthe lien an agreement satisfactory to
<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 Scwunty lnstrunhett, Lender ma � give Borrower a notice identifying the lien. Within
<br />10 days office date on which that notice is given, Borrower shall satiny the lien or take one or more ofthe actions set firth
<br />above in this Section 4.
<br />Lcndcr may require Borrower to pay a one -time charge for areal estate tax verification and/or reporting sery ice
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing m hereafter erected on the Proper,
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards, including, but nut
<br />limited to, earthquakes and Roods, 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 lean of the Loan_ the insurance carrier providing the insurance shall be chosen by
<br />Borrower subject to Lender's right to disapprove Bu tower's choice, which right shall not he exercised unaan,ikmly.
<br />Lender may require Borrower to pay, in connection with this Iran, either: (a) a one -time charge for flood zone
<br />detenuinotiov, certification and tracking services; or (b) a one -time charge for flood zone determination and certification
<br />services and subsequent charges each time rentappings or similar changes occur which reasonably might affect such
<br />determination w certificatimh_ Borrower shall also be asponsible Poe the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review ofany 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. I herefore, 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 lessor coverage
<br />than was previcuslyin effect. Borrower acknowledges that the cost ofthe insurance coverage so obtained mightsignificantly
<br />exceed the cost of tentrance that Borrower could have obtained. AnyanhounudisburseAby 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 payah le, with such interest, upon notice fiam Lender to Borrower requesting
<br />payment.
<br />All insurance p, shall required by Lender and renewals e, such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include t standard mortgage clause, and shall name Lender fI mortgagee and/or [u an
<br />additional loss payee Lender shall have the right to hold thepolicies and renewal certificates bLcndcrrequires,Bunowe
<br />shall promptly give to Louder all receipts of paid premiums and renewal notices. 1 f Burrower obtains any form of insurance
<br />NEBRASKA siigle Forrily— Fannie Nae /Freddie Macl,NIFURM INS'FRGNENT Fo nn3028 I /01 (➢age3g18,agerl
<br />9754Cw(I0 -) IILGi
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