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<br />required to pay Borrower any interest or earnings on the Funds. Borrower and Lander. can agree in writing, however,
<br />that interest shall be paid on the Funds. Lender shall to Borrower, without charge, an annual accounting of the
<br />Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall eccount to Borrower for the
<br />excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up
<br />the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds
<br />held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly
<br />payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and imposltions attributeble to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if
<br />eny, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow
<br />Items, Borrower shall pay tham in the menner provided in Section 3.
<br />Borrower shell promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing ta the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long
<br />as Borrower is performing such agreement; (b1 contests the Ifen in good faith by, or defends against enforcement of the
<br />lien in, legal proceedings which in Lender's opinion operate to. prevent the enforcement of the lien while those
<br />proceedings are pending, but only until such proceedings ere concluded; or (c) secures from the holder of the lien an
<br />agreement satisfectory to Lender subordinating the lien to this Security Instrument. If Lender determinas that any pert
<br />of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or
<br />take one or more 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 tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing 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
<br />not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the
<br />amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the
<br />preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be
<br />chosen by Borrower subject to Lender's right to disepprove Borrower's choice, which right shall not be exercised
<br />unreasonably. Lender may require Borrower to pay, in conhection with this Loan, either: (a) a one-time charge for flood
<br />zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and
<br />certification services and sub§equent charges each time remappings or similar changes occur which reasonably might
<br />effect such determinatian or certification. Borrower shall also be responsible for the payment of any fees imposed by
<br />the Federal Emergency Management Agency in connection with the review af any flood zone determinet(on resulting
<br />from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligatian to purchase any particuler type or emount of
<br />coverege. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in
<br />the Property, or the contents of the Property, against any risk, hezard or liability and might provide greater or lesser
<br />coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained
<br />might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender
<br />under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts
<br />shall bear interest at the Note rate from the date of disbursement and shall be peyable, with such interest, upon notice
<br />from Lender to Borrower.requesting payment.
<br />All insurance policies r�quired by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as en
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requirea,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form
<br />of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy
<br />shall include e standerd mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance
<br />proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such
<br />repair and restoratipn period, Lender shall have the right to hold such insurance proceeds until Lender has had an
<br />opportunity to inspect such Property to ensure the work hes been completed' to Lender's sat(sfaction, provided that
<br />such inspection shall be undertaken promptly. Lender may disburse procesds for the repairs and restoration in a aingle
<br />payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or
<br />Applicabie Law requires interest to be paid on such insurence proceeds, Lender shall not be required to pay Borrower
<br />any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shali
<br />not be paid out of the insurance proceeds and shall be the sole obligetion of Borrower. If the restoration or repai� is not
<br />economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums
<br />secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such
<br />insurence proceeds shall be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurence claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to
<br />settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given.
<br />In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a)
<br />Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this
<br />Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums
<br />paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the
<br />coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay
<br />amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property �s Borrower's principal residenc.e with(n 60
<br />days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />resldence for at leest one year after the date of occupency, unless Lender otherwise agrees in writing, which consent
<br />shall not be unreasonably withheld, or unless extenuating circumstances exlst which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shalt not destroy, damege or
<br />impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is
<br />residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or
<br />decreasing in value due to its condition. Unless it is determined pursuent to Section 5 that repair or restoration is not
<br />economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damege.
<br />If insuranca or condemnation proceeds are paid in connection with demage to, or the teking of, the Property, Borrower
<br />shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes.
<br />Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07
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