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<br />LOAN �: 1208R3800321755
<br />or ground rents on the Property, 'rf any, and Community Association Dues, Fees, and Assessments, 'rf
<br />any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided
<br />in Section 3.
<br />Borrower shall promptiy discharge any lien which has priority over this Security Instrument unless
<br />Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner
<br />acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien
<br />in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's
<br />opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only
<br />until such proceedings are concluded; or (c) secures irom the holder of the lien an agreement
<br />satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />part of the Property is subjectto a lien which can attain priority overthis Security Instrument, Lender may
<br />give Borrower a notice identiiying the lien. Within 10 days of the date on which that notice is given,
<br />Borrower shall satisiy the lien or take one or more 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 verfication and/or
<br />reporting service used by Lender in connectionc:sn►ith this Loan.
<br />5. Properly Insurance. Borrower shall keep the improvements now existing or hereafter erected
<br />on the Property insured against loss byfire, hazards included within the term "extended coverage,"and
<br />any other hazards including, but not limited 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 ofthe Loan. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised
<br />unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time
<br />charge for flood zone determination, certification and tracking services; or (b) a one-time charge for
<br />flood zone determination and certification services and subsequent charges each time remappings or
<br />similar changes occurwhich reasonably might affect such determination or certification. Borrower shall
<br />also be responsible for the payment of anyfees imposed by the Federal Emergency Management Agency
<br />in connection with the review of any flood zone determination resufting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance
<br />coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any
<br />particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might
<br />not protect Borrower, Bor�ower's equity in the Property, orthe contents of the Property, against any risk,
<br />hazard or liability 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 signficantiy exceed the cost
<br />of insurance that Bonower could have obtained. Any amounts disbursed by Lender under this Section
<br />5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall
<br />bear interest at the Note rate firom the date of disk�u,r�ement and shall be payable, with such interest,
<br />upon notice from Lender to Borrower requestir�g, payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
<br />rightto disapprove such policies, shall include a standard mortgage clause, and shall name Lender as
<br />mortgagee and/or as an additional loss payee. Len�Jer shall have the right to hold the policies and
<br />renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid
<br />premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise
<br />required by Lender, for damage to, or destruction 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, Borrower shall give prompt notice to the insurance carrier and Lender. Lender
<br />may make proof of loss if not made prompUy by Borrower. Unless Lender and Borrower othervvise agree
<br />in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender,
<br />shall be applied to restoration or repairof the Property, 'rfthe restoration or repair is economicallyfeasible
<br />and Lender's secur'�ty is not lessened. During such repair and restoration period, Lender shall have the
<br />right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to
<br />ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be
<br />undertaken promptly. Lender may disburse proceeds forthe repairs and restoration in asingle payment
<br />or in a series of progress payments as the work is completed. Unless an agreement is made in writing
<br />orApplicable Law requires interestto be paid on such insurance proceeds, Lender shall not be required
<br />to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third
<br />parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole
<br />obligation of Borrower. If the restoration or repair is not economically feasible or Lender's securitywould
<br />be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, 'rf any, paid to Borrower. Such insurance proceeds shall be
<br />applied in the order provided for in Section 2. ,•,
<br />If Borrower abandons the Properly, Lender'�nay file, negotiate and settle any available insurance
<br />claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that 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 notice is given. In either event, or'rf Lender acquires the Prop rty nd r
<br />. initials: p��-"�
<br />NEBRASKA-Single Family-Fannle Mae/Freddle Mac UNIFORM INSTRUMENT Form 30281/01
<br />Online Documents, Inc. Page 5 Of 11 NEEDEED 1108
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