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200214302
<br />If Lender receives a paymenr from Borrower for a delinquent Periodic Payment which includes a sufficientamount
<br />to pay any Tate charge due, the payment may he applied to the delinquent payment and the late charge. If more than one
<br />Periodic Payment is outstanding, Lender may apply mpg payment received from Borrower to the repayment of the Periodic
<br />Payments if and to the extent that, each payment call be paid in full. To the extent (hat any excess exists after the payment is
<br />applied to the toll payment of one or more Periodic Payments, such excess may be app( red to any law 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 procesds, or Miscellancous 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 ESemwItems. Borrower shat l 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 puymcnt of amounts due for (a) taxes and assessments and
<br />other items which can attain priority over this Security lost nment as a lien or encumbrance on the Property (b) leasehold
<br />payments or ground rents on the Property, if any: (q premiums fir any and all insurance required by Lender under Section-);
<br />and (d) Mortgage Insurance In entrants. it any, or any sums payable by Borrower no Lender in lieu ofthe payment of Mortgage
<br />From ance premiums in accordance with the provisions ofSection 10. These items are called'Psai ow Items:' Ator ginatiul,
<br />or at any time during the term of the torn, Lender may i cellar 'e that Community Association Dues, Fees. and Assessments. it
<br />any, be escrowed by Bon'ower, and Such dues, fees and assessments shall be an Escrow Item- Borrower shall promptly
<br />furnish to Lender all notices ofamounts to be paid under this Section. Borrower shall pay Lender the Funds tot Escrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Leader may waive Borrower's
<br />obligation to pay to Linder Funds tot any or all Escrow Items at any time. Any such waiver may only be in wriung . In the
<br />event of such waiver, Borrower 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 famish 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 m be a covenant and agreement contained in this Security Instrument as the phrase
<br />'covenant and agreement' is used in Section 9.IfBorrmvcr is ablIgatcd to pay Escrow Items tided,, pursuant to a waiver,
<br />and Borrower falls to pay the amount due for an Escrow lie in, Lender may exercise its tights under Section 9 and pay such
<br />amount and B orrower shal l then be ob l i eared under S renal, 9 to re pay to Lender any s ac amou m. Lender may revoke the
<br />waiver as to any or all Escrow Items at any time by o notice given in accordance with Section U and, upon such revocation,
<br />Borrow atshalI pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />Izndel' may, at any time, called and hold Funds is an amount (a) sufFcient to permit Lender to apply the Foods at
<br />the tune specified under RESPA, and (b) not to exceed (he maximum amount a lender can require under RESPA. Lender
<br />shall estimate the amount of Funds one on the basis ofcurte[it data and reasonable estimates of expenditures of future Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are i its urel by a federal agency, ins V time rtaltry, or entity
<br />(including Lender, if Lender is an instiwtion whore deposits areso insured) or in any Federal Home loan Bank- Iundershall
<br />apply the Funds to pay the Escrow Items no later than (he lime specified under RESPA. Lender shall not charge But
<br />for holding and applying the Funds, annually anallzil,r the escrow account, or vorfl'y rg the Escrow Items, unless Lender
<br />pays Borrower interest on the Funds and Applicable Law permits Lander to make such a charge. Unless- an agreement is
<br />made in writing or Applicable Lena requires interest to be paid oil tire Funds. Lento shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can atn ee in writing, however, that interest shall be paid on the
<br />Funds. Lender shall give to Borrower, without charge, tin annual accounting orthe Funds as recurred by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, lumber' 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 Borrower as required by RESPA, and Borrower shall pity to Lender the amount recessar'y to make all the
<br />shortage in accordance with RESPA, but in no more than L monthly payments. E there is a deficiency of Funds held in
<br />escrow, as defined under RESPA, Iender shall notify Bar rower as required byRESPA, and Borrower shall pay to Lenderthc
<br />amount necessary to makeup the deficiency in accordance with RESPA, but in no more than Ll monthly payments.
<br />Upon payment in full of all sums seemed by this Security Instrument, Lender shall promptly retired ro Borrower any
<br />lands held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which can attain priority over this Security Instrument leasehold payments or ground rents on the Property, ifany,
<br />and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Unals, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly dischmge any lien which has pi orityover this Security Instrument unless Borrower. (a)
<br />agrees in writing to the payment of the ohligation See ai ad by the lien in a manner acceptable to Lender, but only so long as
<br />Borrower is performing such agreement; (b) contests the Ile.. in good is th fiy, or defends against enforcement of the lien iit.
<br />legal proceedings which in lender's opinion opt, ate to prevent the enforcement of the lien while Nose in are
<br />pending but only until such proceedings are concluded; or (c) secures tram the holder of the I ien an agreement satisfactory to
<br />Lender subordinating the lien to this Security Instrument ItUndei determines that any partofthe Propertyis subject to
<br />lien which can site inpriorityovei this S ecurity Ins [rumcnt l ender maygive Borrower a notice identifyingthe lien. Within
<br />10 days of the date on which that notice is given, Borrower shall satisfy the lien or lake one or more of the actions set Roth
<br />above in this Section 4.
<br />Lender may require Burrower to pay a one -time charge for it real estate cox vindication and/or reporting service
<br />used by Lender fn connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on theProperty
<br />insured again,( loss by fire, hazards included within the tcnn 'extended coverage - -" and my other hazards including, but not
<br />limited to. earthquakes and Floods, for which Lender r'equhes insurance 'I -his nsurnnceshall be maintained in the amounts
<br />(including deductible levels) and for the per that Under requires- What Lender requires putsuam to the preceding
<br />sentences can change during the term of the Iran. 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 />Lender may require Borrower to pay, in connection with (his Loan, either: (u) a one -time charge for flood zone
<br />determination, cent fi,ation and tracking services; or (h) a one_t, I charge for tlou(1 zone determination and certification
<br />services and subsequent charges each fire rentappings 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 of any hood zone detenninufion resulting kom an objudon
<br />by Borrower.
<br />If Borrower falls to maintain any of the coverages described above, Lender may obtain insurance covet age, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverao, Therefore, such coverage shall covcr, Under, but mfghtor might not protect Borrower. Borrower's equityin the
<br />Property, or the contents of the Property, agents( any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in effect Borrower acknowledges that the cost ofthe insurance coverage so obtained mightsignificandy
<br />exceed the cost of insurance that But could have ohm'mal. Anyamoums dishursed by lender underthis Setion5 shall
<br />become additional debt of Borrower scoured by this Security Instrument 'These amounts shall bear interest at the Note rote
<br />from the date of did h... anent and shall be pa)able, w'nh such interest upon notice from Under to Borrower requesting
<br />payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include it standard mortgage clause, and shall name sunder as mortgagee and/or as an
<br />additional Toss payee. Lender shall have therightto hold the policies and renewal cerufica(es. tf Lender requires, Borrower
<br />shall promptly give to Under all receipts of paid premiums and renewal notices. If per obtains any for of insurance
<br />NEBRASKA — SIngk,Eanly— Fannie tdae/Freddle NI at UNIFORM INS 'I RU.xIENT Irorm3028 1101 ?./8,x o,,)
<br />,,51(,(1,) 1131753
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