201205209 - Laserfiche WebLink

Browse

2 41205209 required by RESPA, and Borrower shall pay to Lender the amount necessazy to make up the deficiency in accordance with RFSPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and imposirions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Associarion Dues, Fces, and Assessments, if any. To the extent that these items aze Escrow Items, Bonower shall pay them in the manner provided in Secrion 3. Borrower shall promptly discharge any lien which has priority over this Security Instivment unless Borrower: (a) agr�s in writing to the payment of the obligarion secured by the lien in a manner acceptable to Lender, but only so long as Bonower is perfomvng 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 are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender s�bordinating the lien to this Security Instrument. If Lender determines that any part of the Properiy is subject to a lien which can attain priority over this Se,curity Insmament, Lender may give Borrower a notice identifying the lien. Within IO days of the date on wluch that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Secrion 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification andlor reporting service used by Lender in connecrion with tivs Loan. 5. Property tnsurance. Borrower shall keep the improvements now exisring or hereafter er�ted on the Property insured against loss by fire, hazards include� within the term "extended coverage," and any other haza.rds iacluding, but not limited to, earthquakes anc� flaods, for wtucfi Lender rec}uires incnran�e. This ;n� shall be maintaine�t in the amounts (including deductible levels} and far the periods that Lender requires. What Lender requires pursuant to the pre,ceding sentences can chauge during the term of the Loan. The insurance carrier providing the ;n� shall be chosen by Borrower subject to I.ender'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 one-time charge for IIood zone determination, certiftcarion and trackiug services; or (b) a one-time charge far flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might aff�t such determination or certification. Borro�ver shall also be responsible for the payment of any fees imposeri by the Federal Emergency Management Agency in connecrion with the review of any fiaod zone determinarion resulting from an objecrion by Bonower. I� Borrower fails to maintain any of the coverages described above, Lender ma.y obtain insurance coverage, at Lender's option and Borrower'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 Borrower, 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 aclmowledges 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 Se,ction 5 shall become additional debt of Borrower secured by this S�urity 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-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT VMP Q Wolters Kluwer Financial Services Fom, aoza iro� VMPBINE) (1105) Page 8 of 17