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<br />The Funds shall be held in an institutton whose deposits are insured by a federal agency, inshvmentality, or
<br />entity (including Lender, if Lender is an institution whose deposits are so insured) or in aay 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 verifying the Escrow Items, unless Lender pays Borrower iaterest on the Funds and
<br />Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or
<br />AppHcable Law requires interest to be paid on the Funds, Lender shall not be required to pay Bonower any
<br />interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be
<br />paid on We Funds. Lender shall give to Borrower, 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 det3ned under RESPA, Lender shall account to 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 Borrower as required by RESPA, and Borrower shall pay to Lender the amount
<br />necessary to make up We shortage in accordance with RESPA, but in no more than 12 monthly payments. If
<br />there is a de8ciency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br />required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the de8ciency in
<br />accordance witt► RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Seciirlty Instrument, Lender shall promptly refund to
<br />Borrower any Funds held by Lender.
<br />4. Cherges; Llens. Borrower shall pay all taxes, assessments, charges, fines, and imposiHons attrlbutable to
<br />ti►e Property which can attain priority over this Security Instrument, leasehold payments or ground rents on
<br />the Property, if any, and Community Associaflon 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 Secflon 3.
<br />Borrower shall promptly discharge any lien which has priorlty over this Security Instrument unless
<br />Borrawer: (a) agrees in writing to the payment of the obligation secured by t6e lien in a manner acceptable
<br />to Lender, but only so long as Borrower is performing such agreement; (b) contests We lien in good faith by,
<br />or defends against enforcement of We lien 9n, legal proceedings which in Lender's opinion operate to prevent
<br />the enforcement of the lien while those pmceedings are pending, but only until such proceedings are
<br />concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the
<br />lien to this Securlty Instrument. ff Lender determines that any part of the Property is subject to a lien which
<br />can attain pdodty over this Security Instrument, Lender may give Borrower a notice identifying the lien.
<br />Within 10 days of the date on which that no8ce is given, Borrower shall satisfy the lien or take one or more
<br />of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-t�me charge for a real estate tax verlticatton and/or repordng
<br />service used by Lender in connection with this Loan.
<br />5. Property Insurence. Borrower shall keep the improvements now exist3ng or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage," and any oWer
<br />hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This
<br />insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender
<br />requires. What Lender reqnires pursuant to the preceding sentences can change during the term of the Loan.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's rIght to
<br />disapprove Borrower's choice, which dght shall not be exercised unreasonably. Lender may require
<br />Borrower to pay, �n connection with this Loan, either: (a) a one-ttme charge for flood zone determinaflon,
<br />certification and tracking services; or (b) a one-time charge for flood zone determinaHon and certiflcation
<br />001122984783 ClUbank 3.2.58.07 V3
<br />NEBRASKA-SU�gle Fartdly-Fartnte Mae/Freddie Mac UNIFORM INSTRUMENT UUITH MERS Form 3028 1/01
<br />VMP � VN�6A(NE) (7705).00
<br />WWters Kluwer Flnenclel Services Page 8 of 17
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