|
201206722
<br /> The Funds shall be held in an institution whose depasits are insured by a federal agency, instrumentality, or
<br /> entity(including L,ender, if Lender is an instiWtion whose deposits are so insured) or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the rime specified under
<br /> RESPA. I,ender shall not charge Horrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Ibems, unless Lender pays Horrower interest on the Funds and
<br /> Applicable Law permits Lender to make such a chsrge. Unless an agreeinent is made in writing or
<br /> Applicable L,aw requires intere.ct to be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> interest or earnings on the F�mds. Borrower and Lender can agree in writing, however, that intesest shall be
<br /> paid on the Funds. I.ender shall give to Borrower, without cherge, an annual accounting of the Funds as
<br /> required by RESPA.
<br /> If there is a siuplus of Fimds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br /> the excess funds in acxordance with RESPA. If there is a shortage of Fimds held in escrow, as defined under
<br /> RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Leader tUe amount
<br /> n�essary to make up the shor[age in accordance with RESPA, but in no more tban 12 rnonthly payments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall noHfy Borrower as
<br /> r�uired by RESPA, and Horrower shall pay to Lender the amount necessary W make up the deficiency in
<br /> accardance with RESPA, but in no more than 12 montUly payments.
<br /> Upon paymeat in fiill of all sums secured by tlus Security Instr�ent, I.ender shall promptly refund to
<br /> Borrower any Funds held by I.ender.
<br /> 4. Charg�; lJerre. Horrower sball pay all ta�ces, asse�sments, chazges, fines, and impositions attributable to
<br /> the Proper[y which can attain priority over Uris Security Insuiunent, leasehold payments or ground rents an
<br /> the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that
<br /> these items are Escrow Items, Borrower sUall pay them in the manner provided in Section 3.
<br /> Borrower sLall promptly discharge any lien which has priority over this Security Instrument unlesa
<br /> Borrower: (a)agrees in writing to the payment o£the obligation seaued by the lien in a mmnea acceptable
<br /> to Lender, but only so long as Borrower is perfornung such agreemeut; (b)contests the lien in good faith by,
<br /> or defends against enforcement of the lien in, legal proceedings wluch in I,ender's opinion operate to prevent
<br /> the enforcement of the lien while those proccedings are pending, but only until auch proceedings are
<br /> concluded; or(c) aecures from the holder of the lien an ageement satisfactory to Lender subordinating the
<br /> lien m ttus Security Instrument. If I,ender determines that any part of the Property is subject to a li�which
<br /> can attain priority over tivs Security Insriument, I.ender may give Borrower a notice id�tifying the lien.
<br /> Within 10 days of the date on which thst notice is giveo, Borrower shall satisfy ttre lien or take one or more
<br /> of the actions set forth above in flris Section 4.
<br /> Lender may require Borrower to pay a onarime chazge for a real estate ta�c verification and/or reporting
<br /> service used by Lender in connection with tkris Loan.
<br /> 5. Property Insurance. Borrower shall keep the improvements now acisting or hereafter erected on the
<br /> Property insured against loss by fire, bazards included within the h7m"extended coverage," and any other
<br /> hezards including, but not limited to, earthquakes and flaods, for which Lender requires insurm�ce. 7'his
<br /> insurance shall be maintained in the amounts(including dedudible levels)and for the periods that Lender
<br /> mquires. Wt�at Lender requires pursuant to the preceding sentences can change during the term of the I.oxn.
<br /> The insurance carrier providing the insurance shall be chosen by Borrower subject to I.ender's right to
<br /> disapprove Borrower's choice, wluch right shall not be exercised unreasonably. Lender may require
<br /> Borrower to pay, in connection with tlris Loao, either: (a)a on�time charge for flood zone determination,
<br /> certification and tracldng services; or(b)a ono-time charge for flood zone detennination and certification
<br /> 2300450433 D YeANE
<br /> NEBNASKA$Fpls Femily-Fennie Mee/Fretldie Mx UNIFONM INSTNIIMENT WRH MEflS Fo�m 302B 1/01
<br /> VMP(w VMPBAINE1111051
<br /> Woltes Kluwx Fnentiel Servieen Peq 8 of 1]
<br />
|