201204235 - Laserfiche WebLink

Browse

20120423v required by RESPA, and Bonower shall pay to Lender the amount necessazy to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in fu11 of all 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 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 Assessrnents, if any. To the extent that these items are Escrow Items, Bonower sha11 pay them in the manner provided in Section 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 performing such agr�ment; (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 proc.eedings are pendiag, but only uatil such proceedings aze concluded; or (c) se,cures from the holder of the lien an agre.ement satisfactory to Lender suborctinating the Iien to this Security Instrument. If Lender determines that any part of the Froperly is subject to a lien wluch can attain priority over this Security Instrument, Lender may give Borrower a norice idenrifying the Iien. V�Tithin 10 da.ys of the date on wluch that norice is given, Borrower shalY satisfy the Iien or take one or mor� of the actions set forth above in this Section 4. I.ender �y require Borrower to pay a one-time charge for a reat estate tax verification and/or regorting service vsed by Lender in connecrion with this Loac►. 5. Property Insurance. Borrower shall ke,ep the improvements now existin.g or hereafter erected on the Property insvred against Ioss by fire, hazards included wit.hi� the tern� "emendec� covesage," and any other haaards includiag, but not limited to, earthquakes and flooc�s, for w+fuch L,ender requires insurance. This imurance shatI be �.intained in the amounts (including deductibte Ier+els) and for the periods that Lender requires. �Vhat Lender requires pursuant to the preceding sentences c�n, cbange during the term of the Loan. TIte ins�uance cazrier providing the �nc„rance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in coffie,ction with this Loan, either: (a) a one-time charge for flood zone determination, certificaxion and tracking services; or (b) a one-time charge for ffoafi zone c�etermination and certification servic�s and subsequent charges each time remappings or similar chaages occur which reasonably might affe.ct such determination or certification. Borrower shall aiso be respoasi'6Ie for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Bonower. If Borrower fails to maintain any of the coverages described above, Lendes may obtain insurance coverage, at Lender's oprion 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 protect Bonower, Bonower'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 acknowledges 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 Secrion 5 shall become additional debt of Bonower 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-Single Family-Fannie Mae/Freddle Mec UNIFORM INSTRUMENT VMP Q Wolters Kluwer Financial Serv(cea Form 3028 1/Ot VMPB(NE) (11051 Page 6 of 17