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<br />fails to pay the amount due for au Escrow Item, Lender may exercise its rights uader Section 9 and pay such amount and
<br />Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any
<br />or all Escrow Items at any tnne by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay
<br />to Lender 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 tn permit Lender to apply the Funds at the
<br />[ime specified undex RESPA, and (b) not ta exceed the maximum amount a lender can require under RESPA. Lender shall
<br />estimate the amnunt of Funds due ou the basis of current data and reasonable estimates of expenditures of future Escrow Itezns
<br />or oWerwise in accordance with A�plrcable Law.
<br />The Funds shail be held xn an institution whose deposits are insured by a federal agency, instrumentality, or eatity
<br />(including Lender, if T_,ender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items no later than the tune specified under RESPA. Lender shall not charge Borrower for
<br />holding and apply'rng the �unds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
<br />Horrower interest on the Fun;ds and Applicable Law permits Lender to make such a charge. Unless an agreement is made m
<br />writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrawer any interest
<br />or earnings on the �ands. Horrower and Leuder can agree in writing, however, that interest shall be paid on the Funds. Lender
<br />shall give to Borrower, without charge, an anuual accouuting of the Punds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined ander RESPA, Lender shall account to Borrower for the excess
<br />funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defin�d under RESPA, Lender shali notify
<br />Borrower as required by RESPA, and Borrower shall pay to Lender the amouut necessary to make up the shoctage in
<br />accordance with RESPA, but in uo more than 12 monthly payments. Tf there is a deficiency of Fuuds held in escrow, as
<br />defiued under RESPA, Lender shall notify Borrower as required by RESPA, and Horrower shall pay to Lender the amouut
<br />necessary to make up the deficieucy in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all surns secured by this Security Instniment, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all ta�ces, assessments, charges, fines, and impositions attributable to t4e
<br />Property which can attain priority over this 5ecurity Instrument, leasehold payments or ground rents on the Property, if any,
<br />and Connmunity Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrnw Items, Borrower
<br />shall pay them in t�e manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has prioriry 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 arily so long as Borrawer
<br />is performi�ug such agreem�nt; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal
<br />proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedin�s are pending, but
<br />only until sucb 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 Property is subject to a lien which
<br />can attaiu priority over this Security Instrument, Lender may give Borrower a notice identifying the heu. Within 10 days of
<br />tl�e date an which iha� notice is given, Borrower shall satisfy the lien or take one or more of tl�e actions set focth above in this
<br />Section 4.
<br />Lender may require Borrower 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 />S. Property 7nsurance. Sorrower skialt keep the improvements now existing or hereafter erected on the Prnperty
<br />insured against loss 6y fire, haiards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maiutained in the amounts
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can cl�ange during the term of tbe Loan. The insurance carner providing the insurance shall be chosen by Barrower
<br />subject to Lender's right to disapprave Borrower's choice, which right shall not be exercised anreasouably. I.ender may
<br />requtre Borrower ta pay, in connection witt� this Loan, either: (a) a one-t'rme charge for flood zone determination, certificatian
<br />and tracking services; or (b) a ou.e-t'rme eharge for flood zone det�rmination and certification services and subsequent charges
<br />each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower
<br />sha11 also be responsible for the payment of any fees imposed by the Pederal Emergency Management Agency in connection
<br />with the review of any floocl zone determination resulting from an objection by Borrower.
<br />If Bocrower fails to maintain any of the coverages described above, Lender may nbtain insurance coverage, at Lender's
<br />option and Borrower's expense. Lender is under no obligation to purchase any paRicular ty�e or amount of coverage.
<br />Therefore, sucti coverage shall cover Lender, hut might or might not protect Borrawer, Borrower s eqairy iu the Property, or
<br />the contents of the Property, against any risk, haz.ard or liability and might provide greater or lesser coverage than was
<br />prev'rously in effect. Borrower acknowledges that the cost of the insurance caverage so ahtained might significantly exceed the
<br />cost of insurance that Borrower cnuld have obtained. 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 payable, wit1� such interest, apon notice from Lender to Borrower requestiug payment.
<br />All insurance policies required by Leader and renewals of such policies shall be subject to Lender's right to disapprove
<br />sucb policies, shail include a standard mort�a�e clause, and sba11 name Lender as mortga�ee and/or as an additional loss payee.
<br />Lender shall have the right to hald the policies and renewat certificates. If Lender requ�xes, Borrawer shalt promptly g►ve to
<br />Lender all r�ceipts of patd premiums and renewal notices. If Borrower o6tains auy form of insurance coverage, nat othecwise
<br />cequired by Lender, for damage ta, or destruction of, the Property, such policy shal( include a standard moRgage clause and
<br />shall name Lender as mortgagee and/or as an additional lnss payee.
<br />Tn the ev�nt of loss, Borrower shall give prompt notice to the insurance carrier aud Lender. Lender may make proof of
<br />loss if not rnade promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insuraace proceeds,
<br />whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the
<br />restoration or repair is economically feasi6le and Lender's security is not lessened. During such repair and restorat�on period,
<br />Lender shall t�ave the right to hold such insurance proceeds until Lender has had an opportunity to inspect such PrapeRy to
<br />ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken proznptly.
<br />Lender may dishurse proceeds for the repairs and restoratian in a single payment or in a series of progress payments as the
<br />work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance
<br />proceeds, Lender shatl not be required to pay Borrower any 'rnterest or earnings on such proceeds. �'ees for public adjusters, or
<br />other third parties, retained by Barrower shall not be paid out of the insurance proceeds and shall be the sole obligation of
<br />Borrowec. If the restoration or repair is not economically feasi6le or Leuder's security would be lessened, the insurance
<br />proceeds sha11 be applied to the sums secured by [his Seeurity Instrumeut, whether or not then due, with the excess, if any,
<br />paid to Borrawer. Such insurance proceeds shall be applied in the arder provided for in Section 2.
<br />If Borrower abandons the Property, Lendec may file, negotiate and settle auy available insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier (�as offered to settle a
<br />�laim, then Lender may negotiate and settle the claim. The 3adaype riod will begin when the notice is given. In either evenC,
<br />ar if Lender acquires the Praperty under Section 22 or otberwise, Borrower hereby assigns to Leuder (a) Borrower's rights to
<br />any insurance proceeds in an amount nnt to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any
<br />other of Borrower's rights (other than the rigtit to any refund of unearned premiums paid by Borrower) under all insurance
<br />�olicies covering the Property, insofar as such rights are applicable to the coverage of the Property Lender rnay use the
<br />xnsurance proceeds either to repair or restore the Property or to pay amaunts unpaid under the Note or this Security Instrument,
<br />whether or uot then due.
<br />b. Occupancy. Borrower shall occupy, estab,lish, and use the Propefty as Borrower's principal resideuce wiihin 60 days
<br />after the execution of this Security Instrumeut and shatl coutinue to occu�y the Properry as Borrower's principal residence For
<br />at least one year after the date of oceupancy, unless Lender otherwise agrees m writing, which canseut shall not be
<br />unreasonably w�thheld, ar unless extenuating circumstances exist which are beyond Borrower's control.
<br />NEBRASKA-5ingle Family—Fannie Mae/Fraddie Mae UNIFORM INSTRUMENT �m 30�
<br />8ankara Syneme, Inc., 5t. Cloud, MN Fa�m MD• 1-NE B/17l2000 (pa8e 3 of 7 page.c)
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