201202607 - Laserfiche WebLink

Browse

2012026Q7 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. Ugon payment in fu11 of all sums secured by this S�urity Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Bonower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, 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, Borrower shall pay them in the manner provided in Se,crion 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 obligarion secured by the lien in a manner acceptable to Lender, but only so long as Bortower 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 aze pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement sarisfactory to Lender subordinating the lien to this Security Instnunent. If Lender determines that any part of the Property is subject to a lien which caII attain priority over this Security Instrument, Lender tnay give Borrower a notice identifying the lien. Within 10 days of the date on which that norice is given, Borrawer shall satisfy the lien or take one or more of the actions set forth above in this 5ection 4. Lender may require Borrower to pay a one-time charge for a real estate tax verificarion and/or reporting service used by Lender in conn�tion with this Loan. 5. Property Insurance. Bonower shall keep the improvements now existing or hereafter ere,cted on the Property insure@ against loss by fire, hazards included within. the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for w+hich Len�er requires insurauce. This insurance shall be maintained in the amounts (including deductible levels) aYCd for the periods that Lender requires. VVhat Lender requires pursuant to the preceding sentences can cbange during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrorver subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a ane-time charge for flood zone deternunation, c�ertificarion and tracking services; or (b) a one-time cYiarge for fiood zone determination an� certificatian service.c aud subsequent charges each time remappings or similar char�ges occur which reasonably might affec:t such determination or certification. Borrower shall also be responsible for the payment of any f�s imposecl by the Federal Emergency Management Agency in conn�rion with the review of any flood zone determination resulting from an objection by Borrower. If Barrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at T�nder's option and Bonower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Progerty, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exaeed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Se,ction 5 shall be,come additional debt of Bortower 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 Borrower requesting payment. NEBRASKA-Sirtgle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP Q VMPBINE) (1105) Wolters Kluwer Financial Services Page 6 of 17