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<br />fails to pay the amonnt due far an Escrow Item, Lender ma.y exercise its rights uuder Section 9 and pay such amount and
<br />Borrower shall then be ohli�ated under 5ection 9 to repay to Lender any such amount. Lender may revoke the waiver as to any
<br />or all Escraw Items at aay tune by a notice g'rven in accordance with Section 15 and, upan such revoca[ion, Borrower shall pay
<br />to Lender all Funds, and in such amounts, that are thea required under this Section 3.
<br />Lender may, at auy time, collect and hold Funds iu an amount (a) sufficient to permit Lender to apply the Funds at ttie
<br />time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lendec shall
<br />estimate the amaunt of Funds due on the basis of current data aud reasonable estirnates of expenditures of future Escrow Items
<br />or otherwise in accordaace with Applicable Law.
<br />The Funds shall be held rn an institution whase deposits are insured by a federal agency, instrurneutality, or entitq
<br />(including Lender, if C,eader is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall
<br />apply the Funds to pay the Bscrow Items no Later than the time specified under RESFA. Lender shall not charge Borrower for
<br />holding and applying the Funds, annually analyzing the escrow account, or verifying the Escraw Items, unless Lender pays
<br />Borrower 'rnterest ou the Punds and Applicable Law permits Leader to make such a charge. Unless an agreemeat is made in
<br />writing or Applicable Law requires iuterest to be paid on the Funds, Lender shall not be required to pay Borrower auy interest
<br />or earnings on the Fuuds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Fuads. Lender
<br />shall give to Borrower, without charge, an annual account�ng of the Funds as required by RESPA.
<br />If there is a sur�lus of Funds held in escrow, as defined under RESPA, Lender sha11 account to Borrower far the excess
<br />funds in accardance with RESPA. If there is a shortage of Funds held in escrow, as defined uuder RESPA, Lender shall notify
<br />Barrower as requ'rred by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in
<br />accordance with RESPA, but in no mare than 12 monthly payments. If there is a deficieucy of Funds held in escrow, as
<br />defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount
<br />necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all surns secured by this Secur'rty Instrument, Lender shall promptly refund to $orrower any
<br />Fuads heid by Leuder.
<br />4. Charges; Liens. Borrower shall pay aii taxes, assessments, charges, fines, and impasitiops attributable to the
<br />Fcaperty which can attain priority over this Security Iustrumeut, leasehold payments or ground ren[s on the Property, if aay,
<br />and Communitq Associarion Dues, Fees, and Assessments, if any. Ta the exten[ that these it�ms are Escrow Items, Borrower
<br />sball pay them 'rn the manner provided in Section 3.
<br />Borrawer shall promptly discharge any lien which has priority over th'rs Securiry Iastrument unless Borrawer: (a) a�rees
<br />in writing to the payment of the obligation secured by the lien in a rnanner acceptable tn Lender, but only so lang as Borrower
<br />is performing such agreemeut; (b) contests the lien i❑ good faith by, or defends against enforcement of the lien in, legal
<br />proceedings which in Leuder's opiniou operate to revent the enforcement of the lien while those proceedings are pending, but
<br />only until such proceedings are coacluded; or (c� secures from the holder of the lien an agreement satisfactory to Lender
<br />subordinating the lien to this Security Instrurnent. If Lender determines that any part of the Property is subject to a lien which
<br />can attain priority over this Security Tnstrurnent, Lender may give Borrower a natice identifying the lien. Within 10 days of
<br />the date an wh'rch that notice is given, Borrower shall satisfy the L'ren or take one or more of the actiaps set fonh above in this
<br />Sectian 4.
<br />Lender may require Barrower to pay a one-time charge for a real estate tax verification and/or reporting service used by
<br />Lender in connection with this Loan.
<br />5. Property �nsurance. Borrower s�a11 keep the irnprovemeats now existing or hereafter erected on the Property
<br />iusured against loss by fire, hazards included within the term "exteaded coverage," and aay other haz,ards includia�,' but not
<br />limited to, earthquakes and floods, for which Lender requires insurance. This insurance s�all be maintaiued in the amounts
<br />(including dedactible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />senteuces can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Barrower
<br />subject ta Lender's right to disapprove Borrower's chaice, which right shall not be exercised unreasonably. Lender may
<br />reqnire Borrower to pay, in connect�on with this Loan, either; (a) a one-trrne charge for flaod zone determination, certification
<br />and tracking s.ervices; c►x (b) ��ne-tittte cha['ge fnc...fl�od wne determination aud certificatian...servi�es and subsequent c�rges
<br />each time remappiags or similar changes occur which reasonably might affect such determination or certificatian. Borrower
<br />stiall also be respansible for the payment of any fees unposed bq the Federal Emergency Management Agency in connectian
<br />with the review of any flood zone determm�►tion resulting from an ob�ection by Borrower.
<br />If Borrower fa'rls ta maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's
<br />aprion and Borrower's expense. Lender is under no ohligatian ta purchase any particular rype or amouat of coverage.
<br />Therefore, such coverage shall cover Lender, but might or mrght not protect Borrower, Borrower's equiry in the Property, or
<br />the contents of the Property, agains� any risk, hazard or liability and rnight provide greater or lesser coverage than was
<br />previously in effect. Barrower acknowledges that the cost af the insurance coverage so obtamed might significantly exceed the
<br />cost of 'rnsnrance that Borrower could have abtaiaed. Any amounts disbursed by Lender under this Section 5 shall become
<br />additional debt of Borrower secured by this Securiry Instrument. These amounts shall bear interest at the Note rate from the
<br />date of disbursement and shall be paya6le, with such interest, upou uotice from Lender to Borrower requestiug payment.
<br />All insuraace policies required by Lender and renewals af such policies shall be subjec[ to Lender's r�ght to disapprove
<br />such policies, shall include a standard mortga�e clause, and shall name Leuder as mortgagee and/or as an additional loss payee.
<br />I,ender shall have the right to hold the policies and renewal certificates. If Leader requires, Borrawer shall promptly give to
<br />Lender all receipts of paid prerniurns and renewal uotices. If Borrower obtains any form af insurance coverage, not otherwise
<br />required by Leuder, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and
<br />shall name Leader as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Leuder. Lender may make proof of
<br />loss if not made promptly by Barrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds,
<br />whether ar not the underlying insurance was required by Lender, shall be applied to restoration or repair oP the Property, if the
<br />restoration or repair is economically feasible and Leuder's security is not lessened. During snch repair and restoration period,
<br />Lender shall have the right to hold such insurance proceeds until I,ender has had an oppartunity to inspect Such Property to
<br />ensure the work has been completed to Lender's satisfaction, provided that snch inspection shall be undertaken promptly.
<br />Lender may disburse proceeds for the repairs aud restoration in a single payrnent or in a series vf progress payments as the
<br />work 'rs completed. i7nless an agreement is made ia writing or Applicable Law requires interest to be paid ou such insnrance
<br />proceeds, Lender shall nat be required to pay Barrawer any interest or earnings an such proceeds. Fees for public adjusters, or
<br />o[her third parties, retained by Borrower stia11 not he paid out of the insurance proceeds and shall be the sole obligation of
<br />Borrovvec. If the restoration r�r repair is not ecnnomically feasible ar Lender's securiry would be lessep�ed, the insurance
<br />proceeds shall be applied to the sums secured by this Securiry Instrument, whether or not then due, with the excess, if any,
<br />paid to $orrower. Such iusurance proceerls shall be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle auy available insurance claixn and related
<br />matters. If Borrower does not respand withtn 30 days to a notice from Lender that the tnsurance carrier has offered ta settle a
<br />claim, then Lender may aegatiate and settle the claim. The 3aday period will begin when the notice is given. In either event,
<br />or if Lender acquires the Froperty under Section 22 or otherwise, Borrower hereby assigns to Leuder (a) Borrower's rights tn
<br />any insurance praeeeds rn an amount not to exceed the amounts unpaid uuder the Note or this Secnriry Instrurnent, and (b) any
<br />other of Borrawer's rights (other [han the right to any refund of unearued premiums paid by Borrower) under all insurance
<br />�olicies coverrpg the Properry, rnsofar as such rights are applicable to the coverage of the Property Lender may use the
<br />msurance proceeds either to repair or restore the Property or to pay amannts unpaid under the Note or Wis Securiry Instrument,
<br />whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the �'roperty as Borrower's principal resideuce within 60 days
<br />after the executiou af thrs Securiry Instnunent and shall continue to occupy the Property as Borrower's priucipaL resideuce for
<br />at least ane year after the da�e of occupancy, unless Lender otherwise agrees in writing, which consent shalt not be
<br />unreasonably withheld, or unless extenuating circumstances exist which are beyond Barrower's coatrol.
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />8ankars Systams, Inc., St. Cloud, MN Form Mp-1•NE 8/1N2000
<br />Form 3028 1I01
<br />fn�x� 3 �l �n�)�
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