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200700411 Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESP A, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in .t;l0 more than 12 monthly payments. If there is a deticiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, tines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the mamler provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of tI1e obligation secured by tI1e lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests tI1e lien in good faitl1 by, or defends against enforcement of tI1e lien in, legal proceedings which in Lender's opinion operate to prevent tI1e enforcement of tI1e lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of tI1e lien an agreement satisfactory to Lender subordinating tI1e lien to this Security Instrument. If Lender d~termines that any part of the Property is subject to a lien which can attain priority over tI1is Security Instrument, Lender may give Borrower a notice identifying the lien. Witl1in 10 days of the date on which that notice is given, Borrower shall satisfy tI1e lien or take one or more of the actions set fortl1 above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in COilllection with this Loan. 5. Property Insurance. Borrower shall keep ilie improvements now existing or hereafter erected on tI1e Property insured against loss by fire, hazards included within the term "extended coverage," and any oilier hazards including, but not limited to, eariliquakes and NEBRASKA -- Single Family -- Fonl1ie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3023 ~ ~ GMACM - CMS.02li3.NE (0001) (Page 6 of 19) Initials: