201201060 - Laserfiche WebLink

Browse

20120106� required by RESPA, and Bonower shall pay to Lender the amount nec;essary 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 Bonower any Funds held by Lender. 4. Charges; Liens. Bortower shall pay all taxes, assessments, chatges, fines, and impositions attributable to the Property which can attain priority over this Security Insm�ment, leasehold payments or ground rents on the Property, if any, and Community Assaciation Dues, Fees, and Assessments, if any. To the ement that these items aze Escrow Items, Borrower shall pay them in the manner provideci in Se,ction 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agr�s 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 proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proccedings are pending, but ani� until such proceedings are concluded; or (c) s�ures from the holder of the lien an agreement satisFactory to L.ender subordinating the Iien to this Security Instrument. If I�nder determines that any part of the Froperty is subj�t to a lien which eaa attain priority over this Security Instrument, I�nder may give �orrower a notice identifying the lien. Within I0 days of the date on wluch that norice is given, Borrower st� s�atisfy the Iien or take one or �ore of the actio� set forth above in this Secrion 4. Lender may require Borrower to pay a one-time chazge for a reat estate tax verification andlor re�rting serrtice us� by �cder in. coanecrion with this Loan. 5. Property Insurance. Borrower shatl keep tiie improvements now existing or here�after er�te� on the Property insured against loss by fire, hazards included within the temi "eaEtended coverage," an� any other hazards incIuding, but not limited to, earthquakes and floods, for wluch T.eBder rec}uires insurance. Tfus �*+��*�*►�P shall Ue maintained in the amounts (including deductible Ievels) auc� f�or the periods tha� T,ender requires. What Lender requires pursuant to the greceding sentences c� cliange during the term o€ the Loan. The insurance cazrier providing the insurance shall be chosen by Borrower subject to Lencter's rigtrt to disapprove Bonower's choice, which right sha11 not be e�€ercised unreasonably. Lender may require Borrower ta pay, in connection with this I.oan, either: (a) a one time chazge for IIoad aone determination, certification and tracking services; or (b) a one-time charge for fload zone detenniaation aIId certific�tion services and subsequent charges each time remappings or simitar charcges axur wluch reasonably might affe,ct such determination or certification. Borrower shatl also l� responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connecrion with tfie review of any flooct zone determination resulting from an obje,crion by Bonower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance covera:ge, at Lender's option and Bonower's expense. Lender is under no obligation to purchase any particulaz tyge or affiount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Barrower, 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 effect. Borrower ac�owledges that the cost of the insurance coverage so obtained might significantly excced the cost of �nc,�rance that Bonower could have obtained. Any amounts disbursed by Lender under this Secrion 5 shall b�ome additional debt of Bonower s�u.red by this Securiry Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and sha11 be payable, with such interest, upon notice from Lender to Bonower requesting payment. NEBRASKA-Single Family-Fannle Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP Q VMP6(NEl (1105) Wolters Kluwer Financ(al Services Page 6 of 17