201200759 - Laserfiche WebLink

Browse

�41�9Q753 required by RESPA, and Bonower 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 Instrument, Lender shall promptly refund to Bonower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over ttus S�urity Instrument, leasehold payments or ground rents on the Property, if any, and Community Associarion Dues, Fees, and Assessments, if any. To the extent that these items aze Escrow Items, Borrower shall pay them in the manner provided in Section 3. Bonower shall prompdy discharge any lien which has priority over this Secutity Instrument unless Bonower: (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 Iien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this S�urity Instrument, Lender may give Borrower a norice identifying the lien. Vt�ithin 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth ahove in this Section 4. Lender may require Borrower to pay a one-time charge for a re,al estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property lnsurance. Borrower shatl keep the improvements now existing or hereafter ere,cted on the Properiy in�ued against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and flaods, for which Lender requires insurance. '�his insurattt� s�l F� �nfained in the amounts (including deductible levels) and for the peaiods tha� I.ender requires. �JVhat LeIIder r�uires pursuant to the preceding sentences can change during t�e term af the Loarr. The insurauce carrier 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 coffiection with this Loan, either: (a) a one-time charge for flood zone determination, certifica�ion and tracIang services; or (b) a one-time charge for flood zone determination �d certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determinarion or certification. Bonower sha11 also be responsible for the payinent of any fe,es impos� by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Bonower. If Bonower fails to ma.intain any of the coverages described above, Lender may obtain insurance coverage, at Lender's oprion and Bonower's expense. Lender is under no obligatian to purchase any particulaz type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Bonower, 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. Borrower acl�owledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Bonower could have obtained. Any amounts disbursed by Lender under this S�tion 5 shall become additional debt of Bonower secured by this Security Instrument. These amounts shall hear 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 Famtly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP Q VMPBINE) �1105) Wolters Kluwer Financial Services Page 8 of 17 , . . � , .. '� ^