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200707305 4500029552 where payable, the amounts due for any Est;row Items for whieh paYlllent of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment Wllhin sut;h time period as Lender may require. Borrower's obligation to make such payments and to provide reecipts shall for :i1l purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agrt;L'lnent" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, ,lIld Ilorrower filils to pay llw amount due for an Escrow Itcm, Lender may exercise its rights under Section 9 and pay such amount ,lIld Borrower shall then he obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to i1ny or a II Escrow Itcms ~iI any timc by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any timc, collcct and hold Funds in an alnount (a) sufficient to permit Lender to apply the Funds at the timc specified undcr RESPA, ami (b) not to ext;eed the maximum amount a lendcr can rcquire under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable eslllnates or expenditures of future Escrow Items or otherwise in accordance with Applicablc Law. The Funds shall be held in an institution whose deposits we insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whosc deposits are so illsured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Est;row Items no later than the time specilied undcr RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow aCt;ount, or veri rying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applieabk Law permits Lcnder to nwkc such a chargc. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender sh:r11 not be requ ired to pay Borrower any interest or earnings on the Funds. Borrower and Lcnder can agree in writing, however, th:11 interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of thc Funds as required by RESPA. If there is a surplus of Funds held in eSl;rOW, as defined umkr RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortagc of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender till' ,Imount neecssary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a delieicncy of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RI'SPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no morc than 12 monthly 1',lyments, Upon payment in full of all sums scellred by this Security Ildrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all [;Ixes, assessments. ,:harges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, Icaschold payml'l\ts or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, i r any. To the extent that these items arc I.':st;row Hems, Borrower shall pay them in the manner providcd in Section 3. Borrower shall promptly discharge any lien which has prioril\ over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation securcd by thc licn in a mallllcr acccptablc to Lcnder, but only so long as Borrower is performing such agreement; (b) contests the lien in good lllith by, or (kknds against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the cnforeemcnt or the lil'll while those proceedings are pending, but only until such proceedings are concluded; or (c) secures frolll the holder or the lien all :Igreement satisJlldory to Lender subordinating the lien to this Security Instrument. If Lcndcr detcrmincs that any part of thc hOI,erty is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notit;e identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or Inore of the actions ,wt rorth above ill this Section 4. Lender may require Borrower to pay a (lI1e-time charge flll" a l"l:,d estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep thc ilnprovemenh now existing or hereafter erected on the Property insured against loss by fire, hazards included within thc tcrm "cxtcndcd covCl',lge," and any other hazards including, but not limited to, earthquakes and Hoods, for which Lender requires insurance. This insurancc shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires, What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance t;IIITier providing the insurancc shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably, Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge flll" flood zonc dctcrminlllion, certification and tracking services; or (b) a one-time charge for Hood zone determination and cert ification scrviccs and sub:iequcnt chargcs cach time remappings or similar changes occur which reasonably might affect such determination or certification I~orrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management ^gent;y in eO!;lleetion with thc revicw of any flood zone determination NEBRASKA-- Single family --Fannie Mae/Freddie Mae lINIFonM INSTRUMENT '<?-'" 338.25 l'agc '/I!/ll Form 3028 1/01 dlJ uJ~,