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from
<br />to pay any late charge due, the payment t
<br />Periodic Payment is outstanding, Lender 1
<br />Payments if, and to the extent that, each In
<br />applied m the full payment ofone or more
<br />prepayments shall be applied first to any
<br />Any application ofpayment
<br />shall not extend or postpone the due date..
<br />3. Funds for Escrow Items.
<br />until the Note is paid in full, a sum (the "I
<br />other items which can attain priority over
<br />200214481
<br />be paid in full. To the extent
<br />ayments, such excess may be
<br />1 a sufTicientamount
<br />:. If more than one
<br />tent ofthe Periodic
<br />after the payment is
<br />ages due. Voluntary
<br />due under the Now
<br />and (d) Mortgage Insurance premiums, if any, or my payable by Borrower to Lender in lieu ofthe payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items are cal led "Escrow Items." At origination
<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 be an Escrow Item. Borrower shall promptly
<br />furnish to Lender all notices of mounts to be paid under 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. Lender may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items many time. Any such waiver may only be in writing. In the
<br />event of such waiver, Borrower shall paydirectly, when and where payable, the amounts due for any Escrow Items for which
<br />payment of Funds has been waived y Lender and, if 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 />"covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver,
<br />and Borrower fads to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such
<br />mount and Borrower shall then be 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 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 />otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by federal agency, instrumentality, or entity
<br />g Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall
<br />Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower
<br />ag and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender
<br />rower 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 ray 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 ofthe 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 RESPA. Ifthere 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 to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no more than 12 monthly payments. Ifthere is a deficiency of Funds held in
<br />escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall payto Lerederthe
<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 ofall sums secured by this Security Instrument, Lender shall promptlyrefund to Borrower any
<br />Funds 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, Wary. To the extent that these items are 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 ofthe obliggation secured by the lien in a manner acceptable m 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 1n,
<br />legal proceedmgs which in Lender's opinion operate to prevent the enforcement ofthe lien while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder ofthe lien an agreement s disfactoryto
<br />or more of the actions set
<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 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 term "estended coverage," and any other hazards including, but not
<br />limited to, earthquakes 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 oP the Loan. 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 this Loan, either (a) a one -time charge for flood 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 of any 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. Therefore, such coverage shall cover lender, but might or might not protect Borrower, Borrower's equity in the
<br />from the date of disbursement and shall be
<br />payment.
<br />All insurance policies required b'
<br />disapprove such policies, shall include a s
<br />additional loss payee. Lender shall have the
<br />shall promptly give to Lender al I receipts of
<br />ecurity Instrument These amounts shall bear interest at the Note rate
<br />with such interest, upon notice from Lender to Borrower requesting
<br />Lender and renewals
<br />shall be subject to Lender's right to
<br />e Lender as mortgagee and/or as an
<br />ificates. If Lender requires, Borrower
<br />xrower obtains any form of insurance
<br />NEBRASKA -- Single Family— Fennie Mee/Freddie M. UNIFORM INSTRUMENT Form 3029 INI (page 3 ofSpag )
<br />9754.CV (1 /02) 1630946
<br />
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