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<br />The Funds shall be held in an institution whose deposits are insured by a federat agency, instrumentality,
<br />or entity (includin� Lender, if Lender is an instihrtion whose deposits are so insure� or in any Federal Home
<br />Loan Bank. Lender shall apply the Funds to pay tlie Escrow Items no later than the time spacified under RFSPA.
<br />Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or
<br />ve� the Escrow Items, unless Lender pays Boirower interest on the Funds and Applicable Law permits
<br />Len er to �ke such a charge. Unless an a�ree�nt is made in writing or Applicable Law requires interest to be
<br />paid on the Funds, Lender shall not be requued to pay Borrower any interest or earnings on the Funds. Borrower
<br />and Lender can agree in writing, however, that interest shall bepa�d on the Funds. Len�r shall �ive to Borrower,
<br />without charge, an annual accounting of the Funds as required by RESPA.
<br />If there is a siuplus of Funds held in escrow, as defined under RFSPA, Lender shall account to Borrower
<br />for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br />RESPA, Lender shall notify Borrower as required by RESPA, and Borrawer shall gay to Lender the a�ount
<br />necessary to make up the shortage in accordance with RESPA, but in no more than 12 montl�ly �y�nts. Ifthere
<br />is a deficiency of Funds beld ia escmw, as defined under RESPA, Lender shall notify Borrower as required by
<br />RESPA, and Boirower shall pay to Lender the amount necessary to make up the deficiency in accordance with
<br />RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all suu� secured by this Security Instrument, Lender shall promptly refund to
<br />Borrower any Funds held by Lender.
<br />4. CLarges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impasitions
<br />attributable to the Progerty which can attain priority over this Security Instrument, leasehold gayments or grouad
<br />reats on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent ffiat
<br />these items are Escrow Items, Borrower sha(1 pay them in the manner �rovided in Section 3.
<br />Borrower sha11 promptly discharge any lien which has prionty over tlus Security Insh�nent unless
<br />Borrower. (a) agrees in wntmg to the payment of the obligarion secured by the lien in a manner acceptable to
<br />Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or
<br />defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the
<br />enforcement of the lien wlule those proceedings are pending, but only until such �roceedings are concluded; or
<br />(c) secures from the holder of the lien an agree�nt sahsfactory to Lender subordwating the lien to tlus Security
<br />Instrument If Lender determines that any part of the Property is subject to a lien which can attain priority over
<br />this Security Inslrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on
<br />which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this
<br />Section 4.
<br />Lender may retduire Borrower to pay a one-time charge for a real estate tax verification and/or reporting
<br />service used by Lender m connection with this Loan.
<br />5. Properly Insurance. Borrower shall keep the improvements now existing or hereafter erected a�n the
<br />Property insured agawst loss by fire, hazards included wrt�n the term "extended coverage," and any other
<br />hazards including, but not limrted to, earthquakes and floods, for wluch I,enderrequires �nc,�rans�. Tbis
<br />insurance shall be maintained in the au�unts (including deductible levels) and for the periods that Lender
<br />requires. What Lender requires �ursuant to the preceding sentences can change during the teim ofthe Loan. The
<br />;n�,�rance carrier providing the u�surance sha11 be chosen by Borrower sub�ect to Lender's right to disapprove
<br />Borrower's choice, wluch right shall not be exercised unreasonably. Len�r may require Borrower to pay,�n
<br />connection with t.�is Loan, either: (a) a one-time charge for flood zone determination, certification and tracking
<br />services; or (b) a one-time chazge for flood zone determination and certification services and suhsequent chazg�
<br />�ch time remappings or similar changes occur w}uch reasonably might affect such dete�iination or certificaaon.
<br />Bonower shall also be r�ponsible for tUe payment of any fees imposed by the Federal Emergency Mana�ement
<br />Agency in connection with the review of any flood wne determ►narion resulting from an objecrion by Borrower.
<br />If Borrower fails to �intain any of the coverages described above, Lender may obtam insurance
<br />coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purcbase any particulaz
<br />type or amount of covera�e. Therefore, such wverage shall cover Lender, but might or might not �srotect
<br />Borrower, Borrower's eqwty in the Property, or the contents of the Property, against any nsk, hazard or hability
<br />and might provide greater or lesser coverage than was previously in effect Borrower acknowledges that tUe cost
<br />of the insurance coverage so obtained might significantl�+ exceed the cost ofinsurance that Borrower could have
<br />obtained Any amounts disbuzsed by Lender un�r tlus Section 5 shall become additional debt of Borrower
<br />secured by this Security Instrument. These amounts shall bear interest at tbe Note rate from the date of
<br />disbursement and shall be payable, with such interest, upon norice from Lender to Borrower requestin�payment.
<br />All insurance �hcies rec�uued by Lendc� and renewals of such policies shall be subject to Lender's nght
<br />to disapprove sucb policies, sha ll mclude a standard modgage clause, and shall na� Lender as mortgagee and/or
<br />as an additional loss payee. Lender sha11 have the right to hold the policies and renewal certificatea. If Lender
<br />requires, Borrower shall promptly give to Lender all receipts of paid premmms and renewal notices. If Bonower
<br />obtains any form of insuiance coverage, not otherwise reqwred by Lender, for damage to, or destruction of, the
<br />Properiy, such golicy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an
<br />additional ioss payee.
<br />In the event of loss, Borrower shall give pro�t notice to the insurance c,acrier �d Lender. Len�r may
<br />make proof of loss if not made promptly by Bonower. Unless Lender and Borrower otherwi�agree in writing,
<br />any insurance pr�eeds, whether or not the underiying iffiurance was required by Lender, shall be applied to
<br />restoration ar repair of the Properiy, if the restoration or repair is economically feasible and Lender's secunty is
<br />not lessened. During such repair and restoration geriod, Lender shall have the right to hold such insurance
<br />proc�ds until Lender bas had an opgorlunity to inspect such Property to ensurethe work has b�n completed to
<br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proc�ds
<br />for the repairs and restoration in a single payment or in a series of pro�ress pay�nts as the work is completed.
<br />Unless an agreement is made in wnhng or Applicable Law reqwres interest to be paid on such insurance
<br />praceeds, Lender sliall not he required to pay Bonower any interest or eamings on $uch proaeeds. F�s for public
<br />ad�usters, or other third parties, retamed by Borrower sball not be paid out of the insurance proceeds and shall be
<br />the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's securiry
<br />would be lessened, the insurance proc�ds sha11 be apphed to the sumg secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to Borrower. Such insutance proceeds shall be applied in
<br />tlie order provided for in Section 2.
<br />If Borrower abandons the Property, Lender �y file, negatiate and settle any available insuzance claim
<br />and related matters. If Borrower daes not resgond wit.�un 30 days to a notice from Lender that the insurance
<br />carrier has offered to settle a claim, then I.ender may negotiate and settle the claim. The 30-day period will begin
<br />NEBRASKA—Single Family—Fannie Mae/Freddie NInc UNIFORM INSTRLTMENT (A4ERS� Form 30281/Ol (page 9 of 9 pttges)
<br />12439.CV (9/11) 11-1657 Creative Thinkiag, Iac.
<br />GOT'O(�30a325)
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