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<br />fails to pay the: amount due for an Escrow item, Lender may exercise ifs rights under Sectian 9 and pay such amount and
<br />Borrower shall,thea be; obligated under Section 9 to repay la Lender any such amount. Lender may revoke the waiver as to any
<br />or all Escrow Items at any tmre by a notice given in accordance with Sectian 15 and, upon such revacation, Borrower shall pay
<br />to Lendor 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 the
<br />time specified under RESPA, and (b) net to exceed the maximum amount a lender can require under RESPA. Lender shall
<br />estimate the amount of I~"ends due on the basis of current data and rcasvnahle estimates of expenditures of future Escrow Items
<br />or otherwise in accordance with Applicable I..,aw.
<br />The rends shall he held in an institution whale deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lender is an institution whose deposits arc so insured) or in any Federal Homo Lvan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Leader shall not charge Borrower far
<br />holding and applying the rends, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
<br />Borrawer interest vn the rends and Applicable Law porrnits I.,ender to make such a charge. Unless an agreement is made in
<br />writing or Applicable Law requires interest iv he paid on the Funds, Lender shall not be required to pay Borrower any interest
<br />or oarntngs an the Funds. Borrower and Lender can agree in writing, however, that interest shall he paid on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in cscraw, as defined under RESPA, Lender shall account to Borrawer for the excess
<br />funds in accordance with RESPA. If there is a shartage of Funds held in escrow, as defined under RESPA, Lender shall notify
<br />Borrower as required by RESPA, and Harrower shall pay to Lender the amount necessary to make up the shartage in
<br />accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as
<br />defined under RESPA, Lender shall notify Borrawer as required by RESPA, and Burrower shall pay to Lender the amount
<br />necessary to make up the deficiency in accordan~.c with Rl3SPA, but in no rnorc than 12 monthly payments.
<br />[Jpon payment in full of all sums secured by this Security Instrument., Lendor shall promptly refund tv Burrower any
<br />Funds held by bender,
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and unpositivas attributable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments yr ground tools on the Property, if any,
<br />and Community Association ])ues, tees, and Assessnronts, if any. To the extent. that these items are Escrow Items, Borrower
<br />shall pay them in the manner provided in Section 3,
<br />Harrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees
<br />in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only sv tang as Borrower
<br />is performtng such agreement; (b) contests the lieu in good faith by, ar defends against enforcement of the lien in, legal
<br />proceedings which is bender's opinion operate tv prevent the enforcement of the lien while those proceedings are pending, but
<br />only until such proceedings are. concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender
<br />subordinating the lieu to this Security Instrument. If Lender determines that any part of the Praperty is subject to a lion which
<br />can attain prtortly over this Security Instrument, Louder may give I~orrower a notice identifying the lien. Within 10 days of
<br />the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this
<br />Soct.ion 4.
<br />Lender tnay require Borrower to pay a one-tune charge for a real estate tax verification and/or reporting service used by
<br />Lender in connection with this Loan,
<br />5. Property Insurance. Borrower shall keep the improvetrtonts now existing ar hereafter erected on the Praperty
<br />insured against loss by fire, hazards included within the term "Extended coverage," and any other hazards including, but net
<br />limited ta, earthquakes and tlvods, far which Lender requires insurance. 't'his insurance shall he maintained in the amounts
<br />(including deductible levels) and for t.hc periods that lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the i,,oan. The insurance carrier providing the insurance shall bo chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not bo exercised unreasonably. Lender may
<br />requtre Borrower t.o pay, in connection with this Lvan, either; (a) a one-tune charge for tload zone determination, certification
<br />and tracking services; or (h) a one-time charge for t7ood zone detcrtnination and certification services and subsequent charges
<br />each time remappings or sirrailar c•hauges occur which reasnuably might all'cct such determination or certification. Borrower
<br />shall also he respousible for the payment of any tees unposed by the t~ederal Emergency Management Agency in connection
<br />with the review of any tlovd zone determination resulting from an ohlcction by Borrower.
<br />If Borrower fails to maintain any of the coveragcr• described above, Lender may attain insurance coverage, at Lender's
<br />opption and Borrower's expense. Lender is under no obligation to purchase any particular typo or amount of coverage.
<br />Thorofare, such coverage shall cover bender, but might or might oat protect Borrower, Borrower's equity in the Property, or
<br />the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was
<br />previously in cflecl. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the
<br />cost of insurance Thal Borrawer could have obtained. Any amounts disbursed by bender under this Section 5 shall became
<br />additional debt of Iorrower secured by this Security Instrument. 'These amounts shall bear interest at the Note rate from the
<br />date of disburseineut and shall he payable, with such interest, upon. notice from Lender t.v Borrower requesting payment.
<br />All insurance policies required by Lender a.nd renewals a1' such policies shall bo subject to Lender's right to disapprove
<br />such policies, shall include a standard inorigagc clause, and shall name: bender as mortgagee and/or as an additional loss payee.
<br />Lender shall have the: right to hold the polictes and renewal certificates. if Lender requires, Barrowor shall promptly gtve to
<br />Lendor all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise
<br />required by Lender, I'or darrtage t.o, ur destruction of, the Property, such policy shall include a standard mortgage clause and
<br />shall name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the iusuranco carrier and Lender. Lender may make proof of
<br />lass if not made promptly by borrower. Unless L,cnder and borrower otherwise agree in writing, nay insurance proceeds,
<br />whether ar oat the underlying insw~ance was required by bender, shall he applied to restoration ar repair of the Property, if the
<br />restoration or repair is economically feasible and l.,ender's security is not lessened. During such repair and restoration ported,
<br />Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to
<br />ensure the work has been completed to bender's satisfaction, provided shat such inspection shall bo undertaken promptly.
<br />Lender may disburse proceeds (or the repairs and restoration in a single. payment or in a series of progress payments as the
<br />work is completed. UWess an agreement is rn~rde in writing yr Applicable taw requires interest to be paid on such insurance
<br />proceeds, Lender shall not he required to pay borrower any interest nr eariiings on such proceeds. Fees t'or public adjusters, or
<br />other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of
<br />Borrower. If the restoration or repair is not economically feasible yr Lender's security would be lessened, the insurance
<br />proceeds shall be applied to the swirl secured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Borrower ahandans the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from bender that the insuraneo carrier has offered to settle a
<br />claim, then Lender may negotiate and settle the claim. `1'he 30-day period will begin when the notice is given. In either event,
<br />or if Lender acquires the I'ruperty under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to
<br />any insurance proceeds iu an arnvuut not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any
<br />other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrawer) under all insurance
<br />~olicics covering the Property, insofar as such rights arc applicable to thr coverage of the Property. Lender may use the
<br />insurance proceeds either to repair ar restore the Property or to pay arnouuts unpaid under the Note or this Security Instrument,
<br />whether or not then due.
<br />6. Occupancy. I~orrower shall occupy, establish, and use the Property as borrower's principal residence within 60 days
<br />after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence far
<br />at least one year after the dale of oceupa,ncy, unless Lender otherwise agrees in writing, which consent shall not be
<br />unreasonably withheld, or unless extenuating circumstances exist which arc beyond Borrower's control.
<br />NE6RASKA--Single Family-Fannie MaelFreddie Mao UNIFORM INSTRUMENT Form 302$ 1101
<br />6ankars sySCams, ins., sc. cic,,,a, nnN roan ono i ~NE' ar ~ ~~aooo (I~aRe .i of 7 pages) ~~
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