201203494 - Laserfiche WebLink

Browse

20120349� required by RESPA, and Bonower shall pay to Lender the amount necessary to make up the deficiency in accordance with RFSPA, but in no more than 12 monthly payments. Upon payment in full of a11 sums secured by this Security Instrument, Lender shall promptly refund to Bonower any Funds held by Lender. 4. Charges; Liens. Bonower shall pay all taxes, assessments, charges, fines, and impositions amibutable to the Property which can attain priority over this S�urity Instrument, leasehold payments or ground rents on the Property, if any, and Community Associarion Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Secrion 3. Borrower shall promptly dischazge 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 Borrower is perfornung such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in L,ender's opinion operate to prevent the enforc�ment of the lien while those procee�ings are pending, but only until such proceedings are concluded; or (c) s�ures from the holder of the lien an agreement sarisfactory to Lender subordinating the Iien to this S�urity Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instru.ment, Lender may give Borrower a notice iclentifying the lien. Within 10 days of the date on which that notice is given, Bonower shall satisfy the lien or take one or more of the actions set forth above in this S�rion 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Leric3er in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property ins�re� against loss by fire, hazards included within the term "exten� coverage, " aud any other hazards including, but not Iimited W, earthquakes and floods, for which Lenc�er requires insurance. This insu.rance s�I be m�intained in the amounts (including deductible levels) and for the perio�s that LeIIder requires. What I,ender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subj�t to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Bonower to pay, in conn�rion with this Loan, either: (a) a one-time charge for flood zone determination, certificarion and tiracking services; or (b) a one-time charge for fload zane determination an� certific�tioa services a� subsequent charges each time remappings or similar changes occur which reasonably might affe,ct such determination or certification. Borrower shall also be respo�bie for the payment of any fe,es imposed by the Federal Emergency Management Agency in connection with ttce review of any flood wne determination resulting from an objection by Bonower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Bonower's expense. Lender is under no obligation to purchase any particulaz type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not prote,ct Bonower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazazd 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 exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall bec:ome additional debt of Borrower s�ured by this Security Instiument. 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 Famfly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6�NE) (1105) Wolters Kluwer Financial Services Page 6 of 17 .. � ,g � ' ,