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20�1092��
<br />ghail for all puiposes be d�med to be a covenant and agreement cornained in this Security In. �*Y+�*, as the pbzase
<br />"covenant and agreement" is used in Seation 9. If Borrower is obligated to pay Escrow Items directly, pursuant to
<br />a waivez, and Bozrower fails to pay the aznouut dua for an Fascrow Item, Lender may exercise its rights under Section
<br />9 and pay such amow�t and Bozrower sha11 then be oblzgated emder Sectzon 9 to repay to I.ender any such amount.
<br />I.ender �say revoke the waiver as to any or a(1 Fscrow Items at any time by a notice given in accordance with Se.ction
<br />15 and., upon such revocation, Borrower shall pay to Lendez all Fumds, and in sucb. ano.ounts, that aze then required
<br />under this Section 3.
<br />I.ender may, at any time, coile.ct and hold Funds in. an amount (a) sufficient to permit Lender to apply the F�mds
<br />at tbe time specified under RESPA, amd (b) not to exceed tlie maximt�m amouut a lender caa require under RFSPA.
<br />Lender shall estimate the amount of Funds due on the basis of current daza and reasonable estunates of egpenditures
<br />of £uture Fscrow Items or otherwise in accordance with Applicable Law.
<br />Tb.e Fwads shall be held in an institution whose deposits are insured by a.federal agency, insuvmentality, or
<br />entity {including Lender, if Lender is an institu�ion whose depasits are so insured) or in any Federal Home I.oan
<br />Bank. Lender shall apply the Fumds to pay the Fscrow Items no later than the rime specified under RESPA. I.ender
<br />shall not charge Borro�ver far holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow Ttems, unless Lender pays Bonower interest on the Funds and Applicable Law permits Lender to make
<br />such a charge. Unless an agreement is made in writing or Applicable Law requires intezest to be paid on the F�nds,
<br />Lender shall not be required to pay Borrower any interest or earnings on the �nds. Borrower and Lender can agr�
<br />in writing, however, that interest sha11 be paid on the Flmds. Lender shall give to Bonower� without charge, an
<br />annual accounting of #he Funds as mquired by RESPA.
<br />Yf there is a surplus of Fands held in escrow, as defined under RESPA, I.snder shall account to Borrower for
<br />the excess fuads in accordance with RFSPA. Tf there is a shortage af Funds heid in escrow, as de�ned under RESPA,
<br />I.ender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amouut necessary to make
<br />up the shortage in accordance with RESPA, but in no more thau 12 monthly payments. If there is a deficiency of
<br />Funds held in escrow, as defined undez RESPA, Lender shall notify Borrower as requsred by RESPA, and Bonower
<br />shall pay to Lender ttie amomnt necessazy to make up the defcciency in accordance with RESPA, but in no more than
<br />12 montlaiy payments.
<br />Upon payment im full of ail sums secured by this Security Instnimant, Lender shall promptly refund to Bozzower
<br />any Fimds held by Lender. •
<br />4. Charges; Lieans. Borrower shall pay atl taxes, assessments, charges, fiaes, and 'miposirions ami�butable to
<br />th.e Properiy which can attain prioriry over this Security Instr�unent, l.easehold payments or ground reats on #he
<br />Property, if any, and Co�unity Assaciation Dues, Fe.es, and Ass�sments, if any. To the extent that these items
<br />are Fscrow Items, Borrower shatl pay them in the manaer pravided in Section 3.
<br />Botxowez shalT. promptly discharge any liea which has priority over this Security Instrument unless Borrower:
<br />(a) agrees in writing to the payment of the obligation seeured by the lien in a manner acceptable to Lender, but only
<br />so long as Borrower is pez£ormdng such a�emt; (b) comests the lien in good faith by, or defends against
<br />enforcement of the lien in, l.egal proceedings which in Lender's opinion operate to prevent the enforcement of the Iien
<br />wh�e tiiose proc�edings aze pending, but only until such pmceedings are concluded; or (c) secures fram the holder
<br />of the Iien an agreement satisfactory to Leadez subordinating the lien to this Security Inst�vmienc. If Lender
<br />determines tk�at any part of tlae Property is subject to a Iien wlrich can attain priority over tlris S�urity Tnstrument,
<br />Lender may give Sorrower a notice identifyiug the lien. Within 10 days of the date on which that notice is given,
<br />Bonower shall satisfy tke lien or take one or more of the actions set forth above in this Sec�ion 4.
<br />Iznder may require Borrower to pay a ane-time charge for a real estate tax verification and/or reporting service
<br />used by Lender in connectiun with this I�oan.
<br />5. �roperty Inswra.nce. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insluued. against loss by fue, hazards included within the term "extenderl coverage," and any other hazards
<br />including, but not limited to, earthquakes and floods, for which L,ender requires insurance. This insurance sha11 be
<br />maintain� in the amouats (iucluding deductible levels) and. for the periods that Lender requires. What Lender
<br />requires pursuaut to the pzeceding sentences can change during the term of the Loan. The in��,�nce carrier providing
<br />the instuance sb�all be chosen by Borrawer subj ect to Lender's righe to disapprove Borrower's choice, whicb. right shall
<br />not be exercised unreasonably. Lender may require Borrower to pay, in connection with thi.s Loan, either: (a} a on�
<br />time charge for flood zone detenminarion, cezt�ification and tracking senrices; or (b) a one-time charge for ftood. zone
<br />determination and eertification services and subsequent eharges each time remappings or sivailaz claanges vccuz wbich
<br />reasonably might affect such determination or certification. Borrowez stzatl also be responsible for the payment of
<br />any f�.s imposed by th.e Federal Emergency Management Agency in co�ecrion arith the review of any flood zone
<br />�r ;n 'on resulting from an objeerion by Bormwer. �
<br />If BoTlower faxls to maintain auy pf the Coverages desCribed �bove, Les�dez may obtain ins�ance coverage, at
<br />Lender's option aud Borrower's expense. Lender is under no obligation to purchase any particulaz type or amount
<br />of coverag�. Therefore, such coverage shall cover Lender, but maght or might not protecx Borrower, Borrower's
<br />equity in the Property, or the cflnteats of the Property, agaiust any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Bonower acl�owledges that the cost of the ins�uanr.� coverage so
<br />obtained might significantly exceed the cast of iusurance that Borrawer could have obtained. Any amo�ts disbursed
<br />by I.ender under tbis Section 5 shall become additional debt of Borrower secured by this Security Tnc�,,,*n�,*. These
<br />amow�ts shall bear interest at the Note rare from the date of disbursement and shall be payable, with such interesE,
<br />upon norice from Lender to Borrower requesting payment.
<br />AlI insurance policies required by Lendez and renewals of such policies shall be subject to Lender's right to
<br />disapprove sach policies, shall include a standard mortgage clause, and shall aame Lender as mortgagee andlor as an
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<br />I�EBRASKA—Single Femily--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS p���
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