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2012075�1
<br />LOAN �t 0038347852
<br />or ground rents on the Prvperty, if any, and Community Association Dues, Fees, and Assessments, if
<br />any. To the extent that these items are Escrow Itema, Borrower shall pay them in the manner provided
<br />in Sectian 3.
<br />Borrower shall promptly discharge any flen which has priority over this Security Instrument unless
<br />Borrower: (a) agrees In writlng to the payment of the obligatlon secured by the Ifen in a manner
<br />acceptable to Lender, but only so long as Bor�ower is performing such agreament; (bj contests the lien
<br />in good faith by, or defends against enforcement ofi the lien in, legal proceedings which in Lender's
<br />opinion operate to prevent the enforcement of the lien while thase proceedings are pend'+ng, but only
<br />until such proceedings are concluded; or {c) secures from the holder af the lien an agreement
<br />satisfactary to Lender subordinating the lien to this Security Instrument If Lender determines that any
<br />part ofthe Property is subjectto a lien which can attain priority overthis Security Instrument, Lender may
<br />give Borrower a notice identitying the lien. Within 10 days of the date on which that no6ce is given,
<br />Borrower shall satisiy the lien or take one or more of the ac�ons set forth above in this Secfiion 4.
<br />Lender may require Borrower to pay a one-time charge fpr a real estate tax verification and/or
<br />reporting service used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected
<br />on the Property fnsured against lass byi�e, hazards included within the term "extended coverage,"and
<br />any other hazards including, bu# not Bmited to, earthquakes and floods, for which Lender requires
<br />insurance. This insurance shall be maintained In the amounts (including deductible levels) and for the
<br />periods that Lender requires. What Lender requires pursuant to the preceding sentences can change
<br />during the term of the Lflan. The insurance carrier providing the insurance shali be chosen by BoROwer
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not be execcised
<br />unreasonably. Lender may require Borrower to pay, in connectian with this Loan, efther: (a) a ane-6me
<br />charge for flood zone de#ermination, certiftcation and tracking senrices; or (b) a one-time charge for
<br />flood zone determinatfon and cer�ificatlon services and subsequent charges each time �emappings or
<br />similar changes occurwhich reasonablymight affectsuch determination or certfficaUon. Borrower shall
<br />a{so be responsible forthe payment ofanyfees imp�ed by the Federal Emergency ManagementAgency
<br />in conn�tion wlt4i the review of any flood zone determinatfon resulting from an objection by BoROwer.
<br />If Borrower fails to malntain any of the coverages described above, Lender may obtain insurance
<br />coverage, at Lender's option and BoROwrer's expense. Lender is under no obligatlon to purchase any
<br />particular type or �mount of coverage. Therefore, such coverage shall cover Lender, but might or might
<br />not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk,
<br />hazard or Ilabiliry and might provide greater or lesser coverage than was previously in effect. Borrower
<br />acknowledges that the cost of the insurance coverage so obtained might signficantly exceed the cast
<br />of insurance that Borrower cauld have obtained. Any amounts disbursed by Lender under this Section
<br />5 shall become additionai debt of Borrower secured by this Securiiy Instrument. These amounts shall
<br />bear interest at the Note rate from the date of dfsbursement and shall be payable, with such interest,
<br />upon notice from Lender to Borrower requesting payment
<br />Ail insurance policies required by Lender and renewals of such policies shall besubject to Lender's
<br />right to disapprove such policies, shall incfude a standard mortgage clause, and shall name Lender as
<br />mortgagee and/or as an addi�onal loss payee. Lender shall have the right to hold the policies and
<br />renewal certific:ates. If Lender requires, Borrower shall promptty give to Lender all receipts of paid
<br />premiums and renewal notices. Pf Borrower obtains any form af insurance coverage, not othervvise
<br />required by Lender, #or damage to, or desfiuctian of, the Property, such policy shall include a standard
<br />mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrowrer shall give prompt notice to the insurance carrier and Lender. Lender
<br />may make proaf of Ioss 'rfnot made promptly by Borrower. Uniess Lender and Bonower othenwise agree
<br />in wr�ing, any insurance proceeds, whether or not the underlying insurance was required by Lender,
<br />shall be appUed to restoration or repafrofthe Property, ifthe restoration or repair is economicallyfeasible
<br />and Lender's security is not lessened. During such repair and restoration period, Lender shall have the
<br />right to hold such insurance proceeds untU Lender has had an opportunity to inspect such Property #o
<br />ensure #he work has beert completed to Lender's safisfaction, provided that such inspectlon shall be
<br />undertaken promptly. Lender maydisburseproceedsforthe repairs and restoration in asingle payment
<br />or in a series of progress payments as the work is campleted. Unless an agreement is made in wriiing
<br />orApplicable Law requires interestto be paid on such insurance proceeda, Lender shall not be required
<br />ta pay 8orrower any interest or eamings on such proceeds. Fees for public adjusters, or other third
<br />parties, retained by Borrower shall not be pald out of the insurance proceeds and shall be the sole
<br />obligation of Borrower. Ifthe restoration or repair is noteconomicallyfeasible or Lender's securitywould
<br />be lessened, the insursnce proceeds shall be applied to the sums secured bythis Security Instrument,
<br />whether or not then due, with the excess, if any, paid ta BoROwer. Such insurance proceeds shall be
<br />applied in the order pravided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance
<br />claim and related matters. ff Borrower do� not respond within 30 days to a noticefrom Lenderthat the
<br />insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim, The 30-
<br />day period will begin when the no6ce is g'roen. In e'ither event, or if Lender acquires the Pr n
<br />initiials:
<br />NEBRASKA--SIngEe FamNy-Fennie Mae/Freddle OAac UNIFORM IMSTRUMENT Farm 3028 7/01
<br />Onllne Documente, Ina Page 5 of li WEEDEED 71os
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