201205825 - Laserfiche WebLink

Browse

201205825 required by RESPA, and Borrower 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 sutns secured by this Security Instrument, Lender shall promptly refund to Bonower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Se�urity Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Bonower shall pay them in the manner provided in Secrion 3. Bonower shall promptly discharge any lien which has priority over this Se,curity Insmiment unless Borrower: (a) agre�es in writing to the payment of the obligation secured 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 praceedings aze pending, but only until such proceedings are concluded; ar(c) se�cures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to ttus S�urity Instrunient. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice idenrifyiag the lien. Within 10 days of the date on which that norice is given, Borrower shalI satisfy the lien or take one or more of the acrions set forth above in ttus Section 4. Lencter may require Borrower to pay a one-time chazge for a real estate tax verificatioa and/or reporting service used by �.ender in caffie,ction with tYus Loan. 5. Property Insurance. Horrower shall ke�p the improvements now existing or hereafter erectect oa the Property ins�ued against loss by fire, Hazards included within the term "exte�ed coverage," az►d any other hazards including, but not limited to, earthquakes and itoods, for vvhich F�nder requires insurance. Tfus insurance shall be maintained in the amounts (including deductible Ievels) anct for the periods that Lsncter requires. What Lender requires pursuant to the prec.eding sentences can change dvring the term of the Loan. The inc,�rance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Bonower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in coffiection with this Loan, either: (a) a one-time charge for fl�d zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certific�rion services and subsequent charges each time remappings or similar changes axur which reasonably might affect such determination or certificarion. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connecrion with the review of any fiood zone determination resulting from an obj�rion by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option 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 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. Bonower 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 Se.ction 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/Freddie Mac UNIFORM INSTRUMENT Form 3028 1l01 VMP � VMP6(NE) (71051 Walters Kluwer Finencial Services Page 6 of 17