201200634 - Laserfiche WebLink

Browse

201200634 required by RESPA, and Borrower shall pay to Lender the amount neces�ry to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall prompdy refund to Borrower any Funds held by Lender. 4. Ch�rges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Properly which can attain priority over this Security Instrument, leasehold payments or ground rents on the Properly, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent tha.t these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall prompfly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. ff Lender determines that any part of the Properly is subject to a lien which can atta.in priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the da.te on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender ma.y require Borrower to pay a one-time charge for a real estate tax verif'ication andlor reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now eusting or hereafter erected on the Property insured against loss by fire, hazazds included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires �ncnran�, This insurance shall be maintained in the amounts (including deductible levels) and for the geriods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasona.bly. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Bonower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with tlie review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain �nc�*ansp coverage, at Lender's option and Borrower's exgense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acl�owledges that the cost of the insurance coverage so obtained might signif'icanfly exceed the cost of insur�nce that Borrower could ha.ve obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Bonower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. NEBRASKA-Sirtgla Family-Fannie MaelFreddia Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMPBINEI (1106l.00 Wolters Kluwar Rrmncial Sarvicas Page 6 ot 17