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20�20004�
<br />The Fuads shaU'� held `m an iastiiutian whose deposits are ins►aredby a federal agen.cy, instrumentality,
<br />or �ntity includ�g Lender, if Lender is an �tbia�n wht� deposits are so insurai) ar m any Federal Home
<br />Loan 8� Lender shall apply theFunds topayt�e Escrow Items na Iat�rthan�etimespeci�edunderRFSPA
<br />Lender shall nat chargs Borrower for holding and agplyin,g the Funs�s, annualiy analyz¢mg the escrow accoun�, or
<br />verifi+ittg the Escr�w Iterns, unless Lender,�pays Barrower uiterest on the Funds aad Applfcable Law permits
<br />T.euder to make such a c�ar�e Unless an ag�ement is made in writmg orApplicable Law req�xires interestto be
<br />paid on the Funds, Lander s�aIl aot be req�ured to gay Barrower eny iaterest or earaings on the �imds. Borrower
<br />andLeaderc�anagsee inwnting, however,thatin�teerrestshalibspatd on the Funds. Lendershall giveto Borrowe�
<br />without charge, an annual acconntinp of the Ftmds as requireti by ItESPA.
<br />Ifth�re is a surpins o1EFundsl�eld in esarow, as defined uncler It�SPA, Lender shall a�count ta Boaowar
<br />for the �xcess fimds in act�ordance with RESPA, Iftheae is a skortage of �'unds held in escrow, as definedunder
<br />RE�PA, L�der sbaal nc�ify Borrower as required by RESPA, and Br�rrovrer shall pay W�.ender the a�ount
<br />necerssary to make up the shortage in ac�rdaztcevvith RESP.A, but anpo more than 12 moni�ly payc�nts. Xf there
<br />is a defieiency af Funds heId ��cro�v, aa defined under 1ZESPA, Len�r s1�all notify Borrower as requi�c+ed by
<br />1tESPA, aud Borrower shall pa►y to Le�pder the amount necessary to make up the daficiency in �ecordance vrith
<br />RESPA, but in no more than 12 mc�thly payinents.
<br />LFponpa m full qf all s�mas s�ured by �is Security Inst�vmment, Lender s1�aI1 promptly refimd to
<br />Bocrawer a�y Ftm�ds hetd by L�ncier.
<br />4. �barges; Liens. Boaower shall pay a11 taxes, assessmet►ts, charges, fines, and snpositions
<br />adnbutable to tbe P�operty �+hich c;an attain pric>rity over this Security Tns�'ument,lcasehoW paymen;s or ground
<br />rents on tlie , i��y, and Cormmmity Asscrciation Dnes, Fees, and Assessanents, if a�ty. To the extent'that
<br />these items ar�crow I'terns, Borrower shall gay them in the �anner �rovided in Ssction 3.
<br />Borrower shall pramgtly discharge any lien which bss priority over this Security I�nshv�nt unless
<br />Borrower. (aj agrees in vyriting to the �yment o�the obligatian secured by the lien iva a m�ner acc$p�r�aable ta
<br />Lender, but only so lot►g as Borrower is performing �cl� agr�men� (b} contests the lien in good faith by, ur
<br />defends against enforcement of the lien in, legal proceedings which tn T+ender's opinion operate to prevent the
<br />enfqrcemeat ofthe ]ien while those proceedir►gs are gendiag, bui onlp �ntt� such �roceedings aze co�cluded; or
<br />(c} secures frnm the holdex of the iien am a satisfactc�ry to Lender suboid�ating the lien to this Security
<br />Inshvment 'if Lender determine.s t�t any pEU't of thc Property is si�,� to a lien which can att�ut priority over
<br />ti�is Sscurity Inste�mie,�, Lender may give Borrower a notice identifyiag the lien. VPithia 1 Q days of the date on
<br />whieh t�hatnoti�c� is grven, �3wrower shall satisfy the lien ortak� one or more ofthe actions set forth above in this
<br />Section 4,
<br />Lendermay �equire Borrowerto�pay a one-time ch�rge for a real estafe tax verification andforrePorting
<br />service used by Lender m connection wikh this Loa�t.
<br />5. proper#.y Insuraace. BQirower sha11 keep thE improvemenis now existmg or hereafter erected on tbe
<br />Froperty insured against loss by fira, hazards included within the term "extended coverage." and any ather
<br />hazerds mcluding, but not lirrnted to, earthquakes and floods, for which Lender requix� uistauance. 'Ihis
<br />insurance shall be mamtained in th� amoun� (including deduatible levels) and for the �eriods that Lende�
<br />rsquires. What Lender reqaires �ursuantto the preceding sentences ean ehange duririg theterm of rhe L.oan. The
<br />insurance carrisr providin:g the insurance shall be ch�en� by Borrower suti'eet to Lender's right to disapprove
<br />Borrower's chaice, which nght shall not be exercised unreasonabi�, I.en�er may require Borrower to pay, in
<br />cnnnection with ffiis Loan, either: (a) a one-time charge for flood zone determmation, certIfication and traclnng
<br />services; or (b} a one-hme charge for flood zone detennination and certification services at►d sui�seyuent charges
<br />each time remappings czrsimiiarchanges �occurwiuch reasonably mightaffect such determination ar cerhfication.
<br />Barrower shall also be respansible for the payment ofany fBes irnpased by the Federal E�fiergene�+ Management
<br />pg�cy in connec�ion wirh the ievi�vv of any flaod �one determinatioa resuiting froman objeciion by $aarower.
<br />If Borrower fails to maintain a�►y of the �ver�rages descrb� abov�, Le�der r,say ob3�i3 imsw'anc�
<br />coverage, at Lender's ogtion and Borra�ver's a�cgease. Lendar is under rto obligataon to piuehase any particular
<br />type or amount of covera�e. Therefore, such eovarage shaU wwer Lender, hut might qt' might not �rpteet
<br />Borrower, $orrower's equity in ths Propsrty, or the conter�s oftha Property, against any nsk, har�d o� Uability
<br />andmight provii�e �ter or lesser cove e d�►w+as previously in effect. BorrArver aclaiowledg�th�tthe cost
<br />v
<br />ofthe ursuiance coverage so +obtained mi t significant]� exc�eed ths eost of insurance that Borrower could have
<br />obtamed Any amounts disbursed by [.ander under th�s Sectian 5 shall become additional debt of BOrmwer
<br />secured by this Secrarifiy Insbusnen� ThESe amaunts shall bear interest at the Note rate frQm the date af
<br />disbursemeat and shall be p�yable, with such interest, up�n n�iee from Lendert� BorrowerrecNestingpayment
<br />All ins�uance polici� requged by Lend� and renevrals of such polici� shall be �bject to Lender s nght
<br />tv disapprove such goIiGies, shaU mclude � standard m, e clause, and shall name Lender as mortgagee and/or
<br />as an additionalloss payee. C.ender s�sil have the righ�Pld the policies and renewal certific�tes. If Lender
<br />requires, Boriower shall PromPtl3' give to Lender all rece�gts of �id premiuu�s and renewal aofices. If Borrower
<br />obtains any form of insurance coverage, not othenNise reqwred by Le�der, for damage to, or destruction of, t6e
<br />Properry, such poltcy shall mclude a standard martga;e clau�e and shall aau�e Lender as mortgagee aadlor as aa
<br />additional lass payee. .
<br />In the eveut of Ioss, Barrov�r� ahall giveprompt notis:e to the insurance c�rrier and Lender. I.ender may
<br />make proofof loss if nar made promgtly by$orrower. Un�ess Lender and Bosower otheavvise �ree in writing.
<br />any insw�nce proceeds, whether or not the tmderly�g insurance was requfred by Len�r, shaU be appli� to
<br />restoration or repair of the Prope�ty, if the restoratioa orrep�ir is aconomir,alIy fe�asible and Lender's secunty is
<br />not lessened. fluring such repair and restoration�r�,od, Lender sball have the right fo hold such ins�aance
<br />prc�eds imtil �.ender has had an opPnrtunit�'to nnspect such Property to ensursthe work has l�een completed to
<br />Lender's satisfaction, grovided that such �spectiou ] be undertaken promptly. Lendermay disbiuse proceeds
<br />for the repairs and restoranon in a siugle payment or '. a seaies of progress paym;euts as the work �s eompleted
<br />Unless � agreement is mada in wnt�ug or Ap�li le Law requ�es mterest io be paid an such insurance
<br />proceeds� L.ender shall aot be requi�tito �y Borrower y inter�t or earnings on such groceeds. Fees for public
<br />adjusters, oar otlser third parties� reta5red by Borrower �11 notbe paid out of the in��,K+.+� proceeds and shall be
<br />the sole obligation of 8arrbwer. If the r$storation or ' is not economically fsasible or I.end�'s sec�uity
<br />wouid be lessened, the insurau� proceeds shal� be plied to tne sums secured b�+ this Secvrit� Insat�ment,
<br />whe�er or nnt then due, with the excess, tf aay, paid Boarower_ Sueh ins�rance praceeds shall be applied 'm
<br />the order provid�d for in Saction 2
<br />If Boirower ab�dons the Property, Lender�y file, negotiate and set�le any avaiiable u►surance �l�im
<br />aud relaied makters. If �orrower does not respo� w�i�� days to a noti�e from Lendar that the insuraace
<br />carrier hae offered to sett�e a claim, then Y.ender . nd and settie the claim. T`he 30-$ay period vrill begin
<br />NEBRASICA—Single Fartu7y—Fannie MeeJFreddie Msc I1NIF0 IN51RI3MENT (1VIERS'� Form 30Z$110I (AaSB 4 oJ9Pu8�I
<br />I2434.CV (9n 1) RL10689 GrCative Thinking, �nc.
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