201200753 - Laserfiche WebLink

Browse

201200�5� required by RESPA, and Borrower shall pay to Lender the amount necessary 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 Instnunent, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Bonower shall pay all taxes, assessments, chazges, fines, and impositions attributable to the Property which can attain priority over this Security Instnunent, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items aze Fscrow Items, Bonower shall pay them in the manner provided in Section 3. Bonower shall promptly discharge any lien wluch 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 Bonower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proc.eedings 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) se�ures from the holder of the lien an agreement satisfactory to Lender suhordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that norice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may r�uire Bonower to pay a one-time charge for a real estate tax verification and/or repoRing service used by Lender in connecrion with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance cazrier providing the insurance shall be chosen by Bonower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in conne�tion with this Loan, either: (a) a one-time charge for flood zone deternunation, certification and tracking services; or (b) a one-time chazge for flood zone detemunation and certification services and subsequent charges each time remappings or similaz changes occur which reasonably might affec:t such determination or certification. Bonower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in conn�tion with the review of any flood zone determinarion resulting from an obje,ction by Borrower. If Bonower fails to maintain any of the coverages describe�i above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particulaz type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not prot�t Borrower, Bonower'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 eff�t. Bonower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Se,ction 5 sha11 b�ome additional debt of Bonower se,cured by this S�urity 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 Bonower requesting payment. NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP p VMP6�NE) (1105) Wolters Kluwer Financial Services Page 6 of 17