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201200640
<br /> The Funds shall be held in an institution�vhose deposits aze insured by a federal agency,instrumentality,or
<br /> entity(including Lender,if Lender is an institution whose deposits are so insured)or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds to pay the Escrow items no later than the time specified undzr
<br /> RESPA.Lender shall not cl�arge Borrower for holding and applying the Funds,annually analyzing the
<br /> escrow account,or verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and
<br /> Applicable Law permits Lender to make such a chazge.Unless au agreement is made in writiug or
<br /> Applicable Law requires interest to be pald on the Funds,Lender sha(1 not be required to pay Bormwer any
<br /> interest or earnings on the Funds_Romower and Lender can agree in writing,however,that interest shatl be
<br /> paid on the Funds. Lender sl�all give to Borrower,without charge,an annual accounting of the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA,Lender shall account to Borrower for
<br /> the excess funds in accordance with RESPA.If there is a shortage of Funds held in escrow,as defined undcr
<br /> RESPA,Lender shall notify Bon�ower as required by RESPA, and Bonower shall pay to Lender the amount
<br /> necessary to make up the shortage in accordance with RESPA,but iti no more than 12 monthly payments.If
<br /> there is a deficiency of Funds held in escrow,as defined under RESPA,Lender shall notify Borrower as
<br /> required by RESPA,and Borrower shall pay to Lender the amount necessary to make up the deficiency in
<br /> accordance wiHi 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
<br /> Borrocver any Funds held by Lender.
<br /> 4. Charges, �iens. Borrowcr shall pay all taxes,assessments,charaes,fines,and impositions attributable to
<br /> the Property which can attain priority over this Security Instrument,leasehold payments or�ound rents on
<br /> the Properry,if any,and Community Association Dues,Fees,and Assessments, if any. To the extent that
<br /> thesc items are Escrow Items,Borrower shall pay them in the manner provided in Section 3.
<br /> Bonower shall promptly discharge any lien which has priority over this Securiry Instrument un]ess
<br /> Borrower:(a)agrees in writing to the payment of the obligation secured by the lien in a manner acceplable
<br /> to Lender,but only so long as Borrower is performing such ageement;(b)contests the lien in good faith by,
<br /> or defends against enforcement of the lien in,legat proceedings which in Lender's opinion operate to prevent
<br /> the enforcement of the lien while those proceedings are pending,but only until such proceedings are
<br /> concluded;or(c)secures from the holder of the lien au agreemeut satisfactory to Lender subordinating the
<br /> lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which
<br /> can attain priority over this SecuriTy Instrument,Lender may give Borrower a notice identifying the lien.
<br /> Within 10 days of the date on which that notice is given,Borrower shall satisfy the lien or take one or more
<br /> of the actions set forth above in this Section 4.
<br /> Lender may require Borrower to pay a one-time charge for a real estate ta7c verification andlor reporting
<br /> service used by Lender in connection with this Loan.
<br /> 5. Property Insurance. Borrower shatl keep the improvements now existing or hereafter erected on the
<br /> Properry insured against loss by fire,hazards included within the term"extended coverage,"and any other
<br /> hazards including,but not limited to, earthquakes and floods,for which Lender requires insurance.This
<br /> insurance shall be inaintained in the amounts(including deductiUle levels)and for the periods that Lender
<br /> requires.�What Lender reguires pursuanY Yo the preceding senYences can change during the tenn of the Loau.
<br /> The insurance carrier providing the insurauce shall be chosen by Bonower subject to Lender's right to
<br /> disapprove Borro`ver's choice,which right shall not be exercised unreasonably.Lender may require
<br /> Borrower to pay,in conneetion with this Loan,either:(a)a one-time charge for flood zone determination,
<br /> certification and cracking services;or(b)a one-time charge for flood zone determination and certificarion
<br /> eaoiizass7 seoi�zsss�
<br /> NEBRASKA-Single Fam�ty-Fann'�.e Maelrreddie h"ac UNIFORh1 INSTRUMENT WITH MERS Form 3028 1;01
<br /> VMP� VMPBA(NE)(11�5J
<br /> Wolters Kluwer Financial Services Page 6 0'1�
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