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20120292�
<br />shall not charge Bonower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow Items, unless Lender pays Bonower interest on the Funds and Applicable L.aw permits Lender to ma.ke
<br />such a chazge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />Lender shall not he required to pay Borrower any interest or earnings on the Funds. Bonower and Lender can agree
<br />in writing, however, that interest shall be paid on the Funds. Lender sha11 give to Borrower, without chazge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Bonower for
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender sha11 notify Bonower as required by RESPA, and Bonower shall pay to Lender the amount necessary to make
<br />up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of
<br />Funds held in escrow, as defined under RESPA, Lender sha11 notify Bonower as required by RESPA, and Borrower
<br />shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than
<br />12 monthly payments.
<br />Upon payment in fu11 of all sums secured by this 5ecurity Instrument, Lender shall promptly refund to Bonower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Bonower shall pay all taxes, assessments, chazges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the
<br />Properly, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items
<br />are Escrow Items, Borrower shall pay them in the manner provided in 5ection 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrwnent unless Bonower:
<br />(a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only
<br />so long as Bonower is performing such agreement; (b) contests the lien in good faith by, or defends against
<br />enforcement of the lien in, legal proce,edings which in Lender's opinion operate to prevent the enforcement of the lien
<br />while those proceedings aze pending, but only until such proceedings are concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lznder
<br />determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br />Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br />Bonower shall satisfy the lien or take one or more of the actions set forth above in this S�tion 4.
<br />Lender may require Bonower to pay a one-tune charge for a real estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower sha11 keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance sha11 be
<br />maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the term of the Loan. The insurance cazrier providing
<br />the insurance sha11 be chosen by Bonower subject to Lender's right to disapprove Bonower's choice, which right sha11
<br />not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-
<br />tune charge for flood zone deternunation, certification and tracking services; or (b) a one-time charge for flood zone
<br />determination and certification services and subsequent chazges each time remappings or similar changes occur which
<br />reasonably might affect such determination or certification. Bonower shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />determination resulting from an objection by Bonower.
<br />If Bonower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Bonower's expense. Lender is under no obligation to purchase any particulaz type or amount
<br />of coverage. Therefore, such coverage sha11 cover Lender, but might or might not protect Borrower, Bonower's
<br />equity in the Properiy, or the contents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Bonower acknowledges that the cost of the insurance coverage so
<br />obtained might significantly excced the cost of insurance that Bonower could have obtained. Any amounts disbursed
<br />by Lender under this Section 5 sha11 become additional debt of Bonower s�ured by this Security Instrument. These
<br />NEBRASKA--Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01 Page 5 of 14
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