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<br />fails to pay the amount due for an Escrow ltem, Lender may exerci�e its rights undcr Seclion 9 and pay such am�>tmt and
<br />Borrower shall then be obligated under Section 9 to rep�y lo Lender any such amount. Lender may revoke lhc: w�iver as to any
<br />or all Escrow Items at any time by a notice givcn in �ccordance with Section 15 and, upon such tevcication, $orrower shall pay
<br />to Lender all Funds, and in such amounts, that are then reyuired ��nder thiti Sect.ion 3.
<br />Lender rnay, aC any time, collect and hold Funds in an amciunt. (a) sufficicnt Co permiC Lender to apply ttie Puncls at thc
<br />time specified under RESPA, and (b) not to �xceed the maximum amount a lencler can rcyuire �.�ndcr RESI'A. Lender shall
<br />cstimate the amount of Funds due on the basis of current data and reasonable estirnates of expenclitureti c�t� t�utw•e h'scrow Items
<br />or otherwise in accordance with Applicable Law.
<br />The �'unds shall tx� held in an institution whose depc�sits are insurcd hy a fcdcral agcncy, instrumentality, or entity
<br />(including Lender, if Lender is an institution whc�tic dcpc�tiit� �re so insure�l) or in any I�ederal Fic>me I,c�an F3ank. l.cnder shall
<br />apply the Funds to pay the Escrow Items no later than the timc specified under RESI'A. Lender shall not charge T3orrower for
<br />holding and applying th� Funds, annually analyzing the escrc�w account, or verifying the F�crc�w itcros, unless Lender pays
<br />Borrower interest on ihe Funds and APplicable Law permits Lender to make such a charge. iJnless an agreement iti made in
<br />writing or Applicable I,aw requires interest to he paid c�n thc Funds, Lender shall not be reyuired t<� pay Borrower any interest
<br />or earnin�s on the Funds. 13orrower and Lender can agree in writing, however, that interest shall he paic] on the Fu►�dti. l.,e�ader
<br />shall giv� to $orrower, without charge, an annual accounting of the Ptm�s as required hy RF;SPn.
<br />If there is a sur�luti ot Ptmds hcld in escrow, as dcfii�ed under RESPA, I.ender shall �cccn�nt to Borrower f��r the excess
<br />funds in accordance with RESPn. If therc is a shortagc c�f Fundti held in e�crow, �s defined �mder It�;Sf'A, I�ender shall notify
<br />13orrower as required by RrSPA, and iiorrower shall pay tc� i,cndcr thc amount neccss�ry to make i�p thc tihorla�c in
<br />accordance with RESPA, but in no more tlian 12 monthly payments. If there is a deYiciency uP runds held in escrc�w, a�
<br />defined under RESPA, Lender shall notify Borrc>wcr as rcqi.�ired hy IZ�;51'A, �►id Bc>��rciwer �h�ll pay t.o Lender the amouiit
<br />necessary to make up the deficiency in accordance with Ri;SVn, hul in no mcire than 12 m<�nthly payrnentti.
<br />Upon payment in fi�ll of all sums secured by this Security Instrurnent, Lender shall promptly refund to 13orrower any
<br />Funds he:ld by Lender.
<br />4. Charges; I.aieats. F3orrower shall pay all taxe�, atitic�snacnts, chargcti, fines, ancl imposidons attributablc to thc
<br />Yroperty which can attain priority over this Security Instrument, leasehc�lcl payments or ground rent5 on the Property, if any,
<br />and Community Association Dues, Nees, and Assessments, if any. To the extent that these items ar� Escrow ITE:1175, 13orrower
<br />shall pxy thcm in the manner prc7vided in Section 3.
<br />Borrower shall promptly discharge �ny laen which ha� pric�rity civer this Sec�urity Instrument unless Iiorrower: (a) agrees
<br />in writing to the payment of the obligation securecl by the lien in a rnanner acceptable to Lender, but c»�ly so long as �3orrower
<br />is performing such agreement; (b) contests the lien in good faitti by, c�r def�nds ag�inst cnfc�rccmcnt. of Ihc lic❑ in, Icgal
<br />proceedings which in Lender's opinion operate to prevent tl�e ci�force►nent of the lien while thc��e procee�lings are pencling, but
<br />only until such proceedings arc^ concluded; or (c) secures from the hc�lcler of the lien an agreement satisfactory to Lender
<br />sutx�rdinating the lien to this Security Instniment. If Lender determines tl��t <�ny Pact c>f the Property is sut�ject tc� a lien which
<br />can attain priority over this Security lnstrumcnt, I,encler may give i3c�rrc�wer a nutice identifying tlie lien. Witt�in 10 cl�ys of
<br />the date on which that noti4e rs given, Borrower shall satisfy the lien or take one or morc cif the acticros set fr�rth abc�ve in thi�
<br />Section 4.
<br />Lender may require $orrowcr to pay a onc-time charge for a real estate tax verification �nd/or rcPocting scrvicc uticd by
<br />Lender in conncctic>n with this Loan.
<br />5. Property Insuranee. i3orrower shall keep the improvemenls nc�w existing c�r hereai'ter erected on the }'roperty
<br />insured against loss by fire, hazards included within thc term "extencled coverage," and �ny otl�cr I�ar.ardti incl�iding, but nc�t
<br />lirnited to, earthquakes and f]oods, for which Lender requirc� ins�irance. This msurance shall b� mainl�incd in th� am<�unts
<br />(including deduetible levels) and for the periods tl�at i.en�ler reyuires. What Lender reyuia�eti pursuant tc� the prececJing
<br />s�:ntenccs can change during the term of the Loan. The insurance carrier provicling the insurance tihall hc chc�sen hy T3orrnwer
<br />5uk�ject to Lender's right to disapprove Borrc>wer'ti chc�ice, which right shall not bc exerci�ed unreasonaEily. Lender may
<br />require Borrower to pay, in connection with this Loan, either: (a) a one-timE chargc fcir 17c�od zone determinatic�n, certific�tion
<br />and tracking services; or (h) a one-time charge for t7ood ronc dctcrmination an�l certification serviccti and tiubtieyuenc charges
<br />each time r�mappings or similar changes occur whicla rcasc>nahly rnight af'fect such determination <>r certification. Bc�rrower
<br />shall also be responsible for the payment c�f any fees imposed by the Fedcral l;mergency Management Agcncy in connecdon
<br />with the review of any tlood zone cletermination resulting frc�m an oh�ecCion hy Rc>rre�wer.
<br />lf 13orrower fails to maintain any of the cover�ges clescribecl atx�ve, Lender may c�htain insurance ec�verage, at Lender's
<br />opti�n and T3orrower's expense. Lendcr is uncler no obligatic�n to purcl�atie any partieular type or a�nc�unt of coverage.
<br />Thcreforc, such coverage shall cover Lend�r, but znight or might not protect Bcirrc�wer, T3orrower's equity in ihe Pr<�perty, or
<br />the contents of the Property, against any ri�k, hazard or liability �nd mi�*ht provide gce�tcr nr les�er coverage than was
<br />previously in effect. I3orrower acknowledges that the cost of the insurance covcrage so obtained migl�t tiignificantly exceed the
<br />east of insurance that Borrower eould have obtained. Any ��mouniti dishursed by Lendcr uncler this Section 5 shall bccome
<br />additional debt of Borrower securcd by this Security Instrum�nt. '1'lac�e amounts shall bcar intcrest at the Note r�jte trc>m thc
<br />date of disbursement and shall be payable, with such inlcrctit, upc�n ncitice from Lendcr tc� T3cirrc�wer recl�.iesting p�ryment.
<br />All insurance policics required by Lender and renew�ls of such policie5 �h�ll be subject to Lendcr's right tc� clisapprove
<br />such policier, shall include a standard mcirtgage clause, �nd s}aall n�me I.encler as mortg�gec ancl/c�r as an additio�aal lotiti payee.
<br />Lender shall have the right to hold the policies and rEnewal certificates. If' I.,ender a�cyu►res, I3orrc�wer �liall pre�mptly give tc�
<br />Lender all receipts of paid premiums and renewal notices. If F3��rrower ohtains any fnrm of insurance coverage, not otherwitic
<br />reyuircd by Lender, for damagc to, c�x clestruction of, thc I'rciPcrty, such policy shall include a stand�rd mort�;age clause and
<br />shall name Lender as mortgager; and/c>r a� an ad�litional lotis paycc.
<br />in the event of loss, Borrower shall give Prc>mpt ne�t�ce to the in��.�rance carrier and Lender. I,encler may m�ke prc�c�f ��f
<br />loss if not tnade promptly by Borrower. iJnless Lcnder an�l Tiorrower othcrwise agree in writing, any insurance Prc�ccecls,
<br />whether or not the underlying insurance was requirecl by Lender, tihall he applied to cestc�ration or repair <>f the Property, if tl�e
<br />restnration or repair is economically feasible ancl I,en�ler's securit.y i� not lessened. During such re�ai►� ancl restoration period,
<br />Lender shall have the right to hold such insuranc� Proceecls unNl Lender hati hacl an o�pcirtunity tn lI1C��C[ tiuch Prc�perty to
<br />ensure the work has been completed to I,ender's satiafactic�n, provided lhat such inspccticro shall be undcrtakeri promptly.
<br />Lender may disburse prnceeds for the repairs and restor�tion ii� a single paymcnt c�r in a sericti <�f prc>gress �i1y1114'17Lti �is ihe
<br />work is cc�mpleted. lJnless an agreement is ma�le in writi�ag cir Applicable Law rcyuires interetit to he paid on such in�urance
<br />proceeds, Lender shall noC be reyuircd tc� pay Borrowcr any mterest or earnings on such prcicee�ls. F�ees tcir p�ihHc a�ljusters, or
<br />othcr third parties, retaincd hy 13orrower shall not be paid cnrt nf the in5�.►rance proc�:cd� and shall be the tic�le c�hligation of
<br />Borrower. If the restoration or repair is not cccmcirnically featii.blc or Lender's Security wcn�ld lx� lessened, the �n�urance
<br />proceeds shall be applicd to the sums sccurecl by this Securiry Instrument, whether or uc>t then clue, wil.h the excess, if any,
<br />paid to Borrower. 5uch insurance proceeds shall be applied in the c�rder providccl fc�r in Secticin 2.
<br />If $orrow�r abandons the Prc�perty, Lender may file, negoliate ancl settle any available insurance claim and relate�l
<br />matters. It Borrower does not respond within 30 day5 to a nntice 1'rom Lcnder that the in5urance carricr has offered to �ctqe a
<br />claim, then Lender may ne�otiate and settle thc claim. The 30-day pericul will hegin when t.he z�crtice is given. In either event,
<br />��r if I,ender acquires the Properly under Section 22 or otherwise, F3orrc�wer herehy assigns to Lcn�er (a) Borrower's rights to
<br />any insurance proceeds in an amount not to exceecl the a�nounts unpaicl uncicr the Note or this Security InScrurr�ent, ancl (h. ) any
<br />other of $orrower's rights (other than the right to any refun�l nf unearned Premiums paid hy Tiorrower) under all insurance
<br />policies covering the Property, insofar as such rightti are applicahlc to ttie cover<<ge of the 1'roperty Leiader may use the
<br />insurance proceeds either to repair or r�store the I'roperty cir to pay anu�unts unpaid �m�ler the Nolc �ir this Security Instrument,
<br />whether or not then due.
<br />6. Occupancy. F3orrowcr shall occupy, ctit �1hI15I1, a��d t.�tic the Properly �is 13orrnwcr's principal residence within �0 clays
<br />after the execution of this Security Instrument and shal) continue to occupy the 1'roperty as Borcower's principal residenc� fnr
<br />at least one year aftet the date of OCCLl��I1Cy unless Lender c�therwise �grees in writing, which ccinsent shall nnt be
<br />unreasonably withheld, or unless extenuating c�rcumstances exist which are beyond i3orrower'� control.
<br />Form 3028 1/01
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFQRM INSTRUM�N7 �
<br />8ankers Systems, Inc., ST. Cloud, MN Form Mn•1-NE 8/17J20U0 (pnKr •� Q� 7/�nRrs) .,_.,._� �_..,,...
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