|
201207846
<br /> The Funds shall be held in an lnstiluflon whose deposits are insured by a federal agency, instrumentality, or
<br /> entity (including Lender, if Lender is an insfltution 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 time specified under
<br /> RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verlfying the Escrow Items, unless Lender pays Boreower interest on the Funds and
<br /> Applicable Law permtts Lender to make such a chuge. Unless an agreement is made in writing or
<br /> Applicable Law requires interest to be paid on the Funds, Lender shal] not be required to pay Borrower any
<br /> lnterest or earnings on the Funds. Borrower and Lender can agree in wrldng, however, that lnteresl shall be
<br /> paid on the Funds. Lender shall glve to Bonower, without charge, an annual accounting of the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as deflned under RESPA, Lender shall account ro Borrower for
<br /> the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under
<br /> RESPA, Lender shall notify Borcower as required by RESPA, and Borrower shall pay to Lender the amount
<br /> necessary ro make up the shortage in accordance with RESPA, bat in no more ihan 12 montlily payments. If
<br /> there is a deficiency of Funds held in escrnw, as defined under RESPA, Lender shall notify Borrower as
<br /> required by RESPA, and Borrower shall pay to Leuder the amount necessary to make up fhe deticieocy in
<br /> accordance with RESPA, but in no more than 12 monthly paymenfs.
<br /> Upon payment in full of all sums secuted by this Security Iastrumenl, Lender shall prompfly refund to
<br /> Borrower any Fuads held by Lender.
<br /> 4. Charges; Llens. Borrower shall pay all ta�ces, assessments, charges, fines, and imposlflons at�tibutable to
<br /> the Property wlilch can attain priority over this Security Instrument, leasehold payments or ground rents on
<br /> the Property, if any, and Community Association ➢ues, Fees, and Assessments, if acry. To the ex[ent that
<br /> these items are Escrow Items, Borrower shall pay them in [he manner provided in Sectian 3.
<br /> Bortower shall promptly discharge any lien which has priority over this Securlty Insitument unless
<br /> Borrower: (a) agrees in writ9ng to the payment of the obligaGon secured by the lien in a manner acceptable
<br /> to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien tn good faith 6y,
<br /> or defeods against enforcement of the lien in, ]ega] proceedings which in Lender's opinion operate to prevent
<br /> the enforcement of the lien while those proceedings aze pe�ding, but only antil such proceedings are
<br /> concluded; or (c) secures from the holder of the llen an agreement satisfactory to Lender subordinating the
<br /> lien ro this Security Iastrument. If Lender determines that any pazt of the Property is sabJect to a lien which
<br /> can attain priority over ihis SecuNty Instrument. Lender may give Borrower a notice identifying the lien.
<br /> WitLin 10 days of the date on which Uta� uotice is given, Borrower shall satisfy the lien or take one or more
<br /> of the actions se[forfh abme in this Section 4.
<br /> Lender may require Borrower to pay a one-time charge for a real estate tax veritication and/or reporting
<br /> service used by Lender in connection with this Loan.
<br /> 5. Propelty Insul'anCe. Bonower shall keep [he improvements now exisling or hereafter erected on the
<br /> Property insured agalnst loss by fire, hazards included wlthin the term "e�rtended coverage," and any ather
<br /> hazards inclading, but not limited to, ear[hquakes and floods, for which Lender requires insurance. This
<br /> insurance shall he maintained in fhe amounts (including deducflble levels) and for the periods that Lender
<br /> requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan.
<br /> The Insurance carrier providing We insurance shall be chosen by Borrower su6Ject to Lender's dgh[ to
<br /> disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require
<br /> Boreower to pay, in connecflon with this Loan, either: (a) a one-time charge for tlood wne determination,
<br /> cerHficaflon and Uacking services; or (b) a one-time charge for flood zone determinaflon and certificaflon
<br /> 001123198]89
<br /> NEBRASNA-Sin le Famil �F Qtlbank 3.2.81.12 V7
<br /> ��� g y am�ie Mee/Fretldie Mac UNIFOlHN INSTRUMENT WRH MERS Fam 3028'I/09
<br /> Walters Kluwv Financial5ervice� VMP6AME)(1105�.00
<br /> Page 8 of 1]
<br />
|