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• . 201209340
<br /> The Funds shall be held in an inslitu[ion whose deposits are i�sured hy a federal agency, instrumen[ality, or
<br /> enlity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds to pay the Escrow Ilems no later than Ihe 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 interest on �he Funds and
<br /> Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or
<br /> Applicable Law requires interest [o be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be
<br /> paid on the Funds. Lender shall give [o Borrower, without charge, an annual accounling of the Funds as
<br /> required by RESPA.
<br /> If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account lo Borrower f'or
<br /> the excess funds in accordance with RESPA. If Ihere 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 Ihe shortage in accordance with RESPA, but in no more than 12 monthly payments. If
<br /> there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Sorrower as
<br /> required by RESPA, and Borrower shall pay to Lender the amount necessary to make up Ihe deficiency in
<br /> accordance with RESPA, bul in no more than 12 monthly payments.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall prompUy refund to
<br /> Borrower any Funds held by Lender.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, a�d impositions attributable to
<br /> the Properly which can attain priority over this Security Instrument, leasehold payments or ground rents on
<br /> lhe Properly, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent thal
<br /> these items are Escrow Items, Borrower shall pay them in Ihe manner provided in Section 3.
<br /> Borrower shall promp[ly discharge any lien which has priority over this Security Inslrument unless
<br /> Borrowec (a) agrees in writing to the paymenl of the obligation secured by [he lien in a manner acceptahle
<br /> [o Lender, bul only so long as Borrower is performing such agreemenl; (6) contests the lien in good faith by,
<br /> or defends against enforcement of ihe lien in, legal proceedings which in Lender's opinion operate ro prevent
<br /> the enforceme�t of the lien while those proceedings are pending, bul only until such proceedings are
<br /> concluded; or (c) secures from the holder of the lien an agreemenl sa[isfactory ta Lender subordinating the
<br /> lien to this Security Instrument. If Lender de[ermines that any part of the Property is subjec[ to a lien which
<br /> can attain priority over this Securi[y Instrumenl, Lender may give Borrower a notice identifying the lien.
<br /> Within 10 days of Ihe date on which thal notice is given, Borrower shall satisfy the lien or [ake one or more
<br /> of the actions set Forth above in this Section 4.
<br /> Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting
<br /> service used by Lender in wnneclion with this Loan.
<br /> 5• Roperty Insurance. Borrower shall keep the improvements now exis[ing or hereaf[er erected on the
<br /> Property insured againsl loss by fire, hazards included wilhin !he term "extended coverage," and any other
<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 requires pursuant [o the preceding sentences can change during the term of the Loan.
<br /> The insurance carrier providing the insurance shall be chosen by Borrower subjecl to Lender's righ[ to
<br /> disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require
<br /> Borrower to pay, in connection with Ihis Loan, either: (a) a one-[ime charge for flood zone determination,
<br /> cerlification and tracking services; or (b) a one-time charge for flood cone de[ermination and certification
<br /> 001123233151
<br /> NEBRASKA-Sl�gle Family-Fannie Mae/Fredtlie Mac UNIFORM INSTRUMtNT WIIH MERS Ci[i�ank 32.63.13 V3
<br /> VMV�
<br /> Wol[ers Kluwer Financial Services Fwm 3028 1/Ol
<br /> VMP6AME)(1105).00
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