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20120606�
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />eniity (including Lender, if Lender is an institution whose deposits are so insure� or in any Federal Home
<br />Loan Bank. Lender shall apply the Fimds to pay the Escrow Items no later than the time spec:ifie� under
<br />RESPA. L.ender shall not chazge Borrower for holding and applying the Funds, annually analyzing the
<br />escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and
<br />Applicable I.aw permits Lender to make such a charge. Unless an ag�t is made in writing or
<br />Applicable Law requires interest to be paid on the Fimds, Lender shall not be required to pay Borrower any
<br />inter�t or eaznings on the Funds. Borrower and Lender can agr� in writing, however, that interest shall be
<br />paid on the Funds. Lender shall give to Borrower, without chazge, an annual acco�mting of the Funds as
<br />requir� by RESPA.
<br />If there is a surplus of Fimds held in ascrow, as dafined under RESPA, L,ender shall account to Bonower for
<br />the excess fimds in accordance with RESPA. If there is a shortage of F�mds held 'm escrow, as defined under
<br />RESPA, I.ender shall notify Borrower as requiral by RESPA, and Borrower shall pay to Lender the amount
<br />necessaty to make up the shortage in acxordance with RESPA, but in no a�re than 12 monthly pay�nts. If
<br />there is a deficiency of Funds held in escrow, as�defined under RESPA, Lender sl�all notify Borrower as
<br />required by RESPA, and Bonower aha11 pay to I,ender the a�unt necessary to make up the deficiency in
<br />accordance with RESPA, but in no �re than 12 monthly payments.
<br />Upon payment in full of all s�m�s secured by this Security Instrument, Lender sUall promptly refimd to
<br />Boirower any Fimds held by Lender.
<br />4. Charges; LJens. Bonower shall pay all taxes, assessments, charges, fines, and impositions attributabla to
<br />the Property which can attain priority over this Security �nstrument, leasehold payments or ground rents on
<br />the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that
<br />these items are Escrow Items, Bonower shall pay them in the manner provided in Section 3.
<br />Bonower shall promptly discharge any lien wluch has priority over tlus Security Instrument unless
<br />Bonower: (a) agrees in writing to tha payment of the obligation s�ured by the lien in a manner acceptable
<br />to Lender, but only so long as Horrower is performing such agr�ment; (b) contests tha lien in good faith by,
<br />or defends against enforcement of the lien in, lagal proceadings which in Lender' s opinion oparate to prevant
<br />the enfor�t of tha lien while those prac�dings are pending, but only until such proceedings are
<br />concluded; ar(c) secure,s from the holder of the lien � agreement satisfactory to Lender subordinating the
<br />lien to this Security Instnm�ent. If Lender determines that any part of the Properiy is subjext to a lien wluch
<br />can attain priority over thia Security Inshvm+ent, Lender aiay give Borrower a notice identifying the lien.
<br />Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more
<br />of the actions set forth above in tUis Section 4.
<br />Lender may require Borrower to pay a one-tune charga for a real estate tax ve�ificxition and/or reporting
<br />service used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower sha11 ke,ep the improvements now existing ar hereafter erected on the
<br />Properiy insured against loss by fire, hazards included within the term "extended coveraga," and any other
<br />hazards including, but not limited to, earthquakes and flo�s, for which Lender raquires insurance. This
<br />insurance shall be�tA;ned in the amounts (including deduch'ble levels) and for the perials that Lender
<br />requires. What Lender requires pursuant to the prece�ing senten� can change during the t�m of the Loan.
<br />The insurance c�rier providing the insurance sball be chosen by Borrower subject to Lender's right to
<br />disapprove Borrower' s choice, which right shall not be exercised unreasonably. Lender may require
<br />Borrower to pay, in connection with this Loan, either: (a) a one-time charge far flood zone determination,
<br />certification and tracking services; or (b) a on�time charge for flood �ne determination and certification
<br />NEBRASKASNgIs FamOy-FanNe Mae/Fraddie Mac UMFOiiM INSTRUMENT WITH MER3� F�m 3038 01
<br />yMp �� VMPBA�NE) (1106)
<br />Wd�s Kluwer Fb�ara�al Serv�as Pege 8 of 17
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