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<br />fails to pay the amount due for an Escrow Item, Lender may exercise its rights under 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 time by a notice ,given in accordance with Section 15 and, upon such revocation, Borrower shall pay
<br />to I ender all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at any tinne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the
<br />time specified under RFSPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall
<br />estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items
<br />or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentaliry, or entiry
<br />(including Lender, if Lender is an institution whose degosits 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 time specified under RFSPA. Lender shall not charge Bonower for
<br />holding and applying the Funds, annually .analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
<br />Borrower interest on the Funds and Applicable L,aw permits Lender to make such a charge. Unless an agreement is made in
<br />writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest
<br />or earnings on the Funds. Bonower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender
<br />shall give to Bonower, without chazge, an aunual accounting of the Funds as required by RESPA.
<br />If there is a sur�lus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess
<br />funds in accorda.nce with RFSPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender sha11 notify
<br />Bonower as required by RESPA, and Bonower shall pay to Lender the aznount necessary to make up the shortage in
<br />accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Futtds held in escrow, as
<br />defined under RESPA, L.ender shall notify Bonower as required by RESPA, and Bortower shall pay to Lender the amount
<br />necessary to ma.ke up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Bonower any
<br />Funds held by Lender.
<br />4. Charges; Lfens. Borrower shall pay all taxes, assessments, charges, finas, and impositions attributable to the
<br />Property wluch can attain priority over this Securiry Instrument, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Bonower shall promptly discharge any Iien which has priority over this Securiry Instrument unless Bonower: (a) agrees
<br />in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Bonower
<br />is performing such agreement; (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 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 lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which
<br />can attain pnority over tlus Security Instrument, Lender may give Bonower a not�ce 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 />Section 4.
<br />Lender may require Bonower to pay a one-time charge for a real estate tax verification and/or reporting service used by
<br />Lender in connection with tYus Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now e�usring or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender requires insurauce. This insurance sha11 be maintained in the amounts
<br />(includzng deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Loan. The insurance camer providing the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Bonower's choice, wIuch right shall not be exercised unreasona.bly. Lender ma.y
<br />require Bonower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification
<br />and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges
<br />ea.ch 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 Federal Emergency Management Agency in connection
<br />with the review of any flood zone determination resulting from an ob�ection by Bonower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's
<br />option and Bonower's expense. Lender is under no obligation to purchase any particular type or amount of coverage.
<br />Therefore, such coverage shall cover Lender, but might or might not protect Bonower, Borrower's equity in the Property, or
<br />the contents of tlie Property, against any risk, hazard or liability and might provide greater or lesser coverage tha.n was
<br />previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the
<br />cost of insurance that Bonower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become
<br />additional debt of Bonower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the
<br />date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />AlI insurance palicies required by I.ender and renewals of such policies shall be subject to Lender's right to disapprove
<br />such palicies, shall include a standard mortga�e clause, and shall name Lender as mortgagee and/or as an additional loss payee.
<br />Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Bonower shall promptly give to
<br />Lender alI receipts of paid premiums and renewal notices. If Bonower obtains any form of insurance coverage, not otherwise
<br />required by Lender, for damage to, or 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, Bonower shall give prompt norice to the insurance carrier and Lender. Lender may make proof of
<br />loss if not made promptly by Bonower. Unless Lender and Bonower otherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lender, shall Ue applied to restoration or 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 period,
<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 Lender's satisfaction, provided that such inspection sha11 be undertaken promptly.
<br />Lender may disburse proceeds for the repairs and restora.rion in a singIe 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 shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or
<br />other third parties, retained by Bonower shall not be paid out of the insurance proceeds and shall be the sole obligation of
<br />Bonower. If the restoration or repair iS not economically feasible or Lender's security would be lessened, the insurance
<br />proceeds shall be applied ta the sums 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 />Tf Borrower abandons 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 norice from Lender that the insurance carrier has offered to settle a
<br />claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. Tn either event,
<br />or if Lender acquires the Property under Section 22 or otherwise, Bonower hereby assigns to Lender (a) Borrower's rights to
<br />any insurance proceerls in an amonnt not to exceed the amoun�s 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 Bonower) under all insurance
<br />policies covering the Property, insofaz as such rights are applicable to the coverage of the Property. Lender may use the
<br />uisurance proceeds either to repaar or restore the Properly or to pay amount� unpaid under the Note or this Security Instrument,
<br />whether or not then due.
<br />6. Occupancy. Bonower shall oceupy, establish, and use tlie Property as Borrower's principal residence within 60 days
<br />after the execution of this Security Instivment and shall continue to occupy the Property as Bonower's principal residence for
<br />at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be
<br />unreasonably withheld, oz unless extenuating circumstances exist which are beyond Bonower's control.
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7 Form 3028 1/01
<br />Bankars Systams, Inc., St. Cloud, MN Form MD-1-NE B/17/2000 (page 3 of 7pnges)
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