201201173 - Laserfiche WebLink

Browse

201201173 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. Ugon payment in full of all sums se,cured by this Se,curity Instrument, Lender shall promptly refund to Bonower any Funds held by Lender. 4. Charges; Liens. Bonower shall pay all taxes, assessments, chazges, fines, and impositions attributable to the Properly which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Communiry Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, �nower shall pay them in the manner provided in Section 3. Borrower shall promptly 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 Bonower is gerforming 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) se,cures from the holder of the lien an agreement satisfactory to Lender subordinating the �ien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which c� attain priority over this Security Instnunent, Lender may give Borrower a notice idenrifying the lien. �Vithin 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 Secrion 4. Lender may require Borrower to pay a one-time charge for a real estate ta�e verification and/or reporriug service used by �.ender in connection with ttus Loan. 5. Property {nsurance. Borrower shall k�p the improvements now existiBg or fiereafter erecteci on t�he Property insured against loss by fire, hazards included within the term "extendec� coverage, " and any c�thet hazards including, but not limited to, earthquakes and flaods, for wluch Lender requires insurance. T'his insurance shall be maintained in the amounts (including deductible tevels} and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can cbange during the term of the Loan. The inc„ran� �er providing the insurance shall be chosen by Borrower subject to L,ender's right to disapprove Borrower's choice, which right shall not be exercisefl unreasonably. Lender may require Bonower 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 certifica�ion services and subsequent charges each time remappings or similar chauges occur which reasonably might affect such determination or certificarion. Borrower shall also be responsible for the payment of any f�s imposed by the Federal Emergency Management Agency in conn�rion with the review of any fload zone deternunation resulting from an objection by Bonower. If Bonower fails to maintain any of the coverages descrihed above, Lender may obtain insurance coverage, at Lender's option and Bonower's expense. Lender is under no obligarion to purchase any particulaz type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Bonower, 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. Bonower aclmowledges 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 Section 5 shall become additional debt of Borrower 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 Bonower requesting payment. NEBRASKA-Single Family-Fannie Mae/Freddfe Mec UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMPB(NEI (1105) Wolters Kluwar Financial Services Page 6 of 17 � � .,