201204342 - Laserfiche WebLink

Browse

201204342 required by RESPA, and Bonower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this S�urity 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 prioriry over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Associarion Dues, Fe,es, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 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 obligation s�ured by the lien in a manner acceptable to Lender, but only so long as Bonower 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 proc,eedings are pending, but only until such proceedings aze concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this S�urity Instrument, Lender may give Borrower a nvtice identifying the Iie�. �Vithin 10 days of the date on which that notice is given, Borrower shall, satisfy the lien or take one or more of the acrions set forth ahove in this 5ection 4. Lender may require Borrower to pay a one-time charge for a reat estate tax verification and/or reporting service vsed by Lender in coffi�rion with this Loan. 5. Property tnsurance. Borrower shall ke,ep the improvemen�s now existing or hereafter erected oII the Property insured against loss by fire, haa.ards included within the term "extencfied coverage," and azry other fiazards includ'mg, but not limited to, earthquakes and fi�ds, for wluch Lender requires insurance. This insurance shall be maintained in the amounts (includ'mg de�uctible levels} and for the �riods that �.endea requires. What Lender requires pursuant to the preceding sentences caa change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrdwer subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Bonower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certificarion and tracking services; or (6) a oae rime charge for ffc�i zone cfietermination and certi�tcation s�rvices and subsequent charges each time remappings or similar changes � which reasonably might affect such determination or certification. Borrower shall also be resPonsible for the payment of any fees imposed by the Federal F.mergency Management Agency in connecrion with the review of any flood zone d�terminarion resulting from an objecrion by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's ogtion and Borrower'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 Bonower, Borrower'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. Borrower aclrnowledges 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 Section 5 shall b�ome additional debt of Bonower secured by tlus Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon norice from Lender to Bonower requesting payment. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Financial Services Form 3028 1/01 VMPBINE) (1105) Page 6 of 17 �" ��1 �� : ti wa