|
201206674
<br /> The Funds sha11 be held in an institution whose deposits are insured by a£ederal agency, inslrumentality, or
<br /> entity{including Lender, if Lender is an institution whose deposits are so insured}or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds to pay the Escrow Ite.ms no later than the time specified under
<br /> RESPA L,ender shall not cUazge Horrower for holding and applying the Fimds, annually analyzing the
<br /> escrow acxount, or verifying the Escrow Items, unless L.ender pays Horrower interest on the Funds and
<br /> Applicable Law permits I.ender m make such a chargc. Unless an agreemeot is made in writing or
<br /> Applicable I.aw requires interest w be paid on the Funds, I.ender shall not be required to pay Horrower any
<br /> interest or eamings on the Funds. Borrower and I,ender can agree in writing, however, that intereat shall be
<br /> paid on the Funds. Lender shall give to Horrower, without charge, an annual accounting of the Funds as
<br /> required by RESPA.
<br /> lf there is a s�uplus of Fuods held in escraw, ea defined under RESPA, Lender shall account to Horrower for
<br /> the access funds in acxordance with RESPA If there is a shortage of Funds held in escraw, as defined imder
<br /> RESPA, I.ender shall notify Borrower as required by RESPA, and Borrower sUall pay to I.ender the amoimt
<br /> necessary to make up the ahartage in accordance with RESPA, but in no more tl�an 12 monthlY PaYments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, I.ender sball notify Horrower as
<br /> required by RESPA, and Borrower shall pay to Lender the mmunt necessary to make up the deficiency in
<br /> accordance with RESPA, but in no more than 12 monthly payments.
<br /> Upon payment in full of all sim�a secised by tlus Securit�Inshvment, Lender shall promptly refuud to
<br /> Horrower any Funds held by L.ender.
<br /> 4. Charges; LJens. Horrawer shall pay all tases, assessments, charges, fines, and impositions attributable to
<br /> the Property wlrich can attain priority over this Security Instrument, leasehold payments or ground rents on
<br /> the Propetty, if any, and CouQnunity Association Dues, Fees, and Asses�ents, if any. To the extent that
<br /> these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br /> Horrower shall prompfly discharge any lien wluch has priority over this Security Inahument unleas
<br /> Borrower: (a)agreea in writing to the paymart of the obligation secured by the li�in a manner aceeptable
<br /> to I.ender, but only so lang ea Borrower is perfornring such agreement; (b)conte.cts the lien in good faith by,
<br /> or defends against enforcement of the lien in, legal proceEdings wlrich in Lender's opinion operste to prevent
<br /> the enforc�nent of the lien while those proceedings are pending, 6ut only until such proceedings are
<br /> concluded; or(c)secures firom the holder of the iien an agreement eatisfactory to Lender subordinatiug the
<br /> lien to Uus Security Instrument. If Lendsr determines thet any part of the Pmperty ie subject ta a li�wLich
<br /> can attain priority over Uris Security Instnnment, Lender may give Borrowa a notice ideMifying the lien.
<br /> Witivn 10 days of the date on wluch that notice is given, Borrower shall satisfy the lien or take one or more
<br /> of ffie actions set forth above in this 3ectian 4.
<br /> Lender tnay mquire Borrowet to pay a ono-rime cherge for a real e.state tmc verification and/or reporting
<br /> aervice used by I.ender in co�mection with this Loan.
<br /> 5. Property Insurdnce. Borrower shall keep the improvements now esisting or hereafter erected on the
<br /> Properry insured against loss by fire, l�azards included within the term"extended coverage," and mry other
<br /> ha�ards including, but not limited to, earthquakes and floods, for which Lender requires insurance. Tlva
<br /> insurance shall be mainkained in the amounts(including deduchble levels)and for the periods that Iznder
<br /> requires. What Lender requires pursuant to the prececling sentences can change during the term of the Loaa.
<br /> The inaurence cmrier providing the insurance shall be chosen by Borrower subject to Lender's right to
<br /> disapprove Horrower's choice, wluch right shall not be exercised unreasonably. I.ender may require
<br /> Borrower to pay, in connection with this Loan, either: (a)a onarime charge for flood wne deternnination,
<br /> cextification and tracking services; or(b)a ono-time chazge for flood zone de[emvnarion and ceriification
<br /> 2300352834 �VBANE
<br /> NEBflASKASinas Frnity-Fanrie MmiFredAie Mac UNIFOPM INSTqUMENT WRH MERS Form 30'18 1/01
<br /> �P pd VMPBA�NE)(1705)
<br /> WoNern Kluwer Finentiel Servicee Pepe B ot 17
<br />
|