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<br />abail aot charge Borrawar for holding and applying the Funds, azvnually analyzing the escrow account, or verifying
<br />the Escmw Items, unless L.ender pays Borrower interest on the Funds and App�icable Law permits Lender to make
<br />such a charge. Unless an agreement is made in writiag ar Applicable Law requires interest to be paid oa the Fuads,
<br />Lender shall not be required to pay Bormwer aay interest or ear.aings on the Funds. Borrower and Lender can agree
<br />in writing, however, that interest shall t� paid on the Funds. I,ender shall give to Borrower, without charge, an
<br />annual accounting of the Funds as zequired by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess funds in accordance with R�SPA. If there is a shortage of Funds heid in escrow, as de6n� under RPSPA,
<br />Lender shatl notify Barrower as required by RESPA, end &tnrower shall pay to J.eudar the amouat necessary w make
<br />up the shortage in accordaare with RfiSPA, but in no more thma 12 manthly payments. If diere is a deffciency af
<br />Funds held in escrow, as defined unde�c RFSPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br />shall pay to T ender the amount necessary to make up the deficiency in accordance with RB.SPA, but in no more than
<br />12 monthty paynnents.
<br />Upon payme�rt in full of all suins secured by this Security Instrwnent, Lender shall promptly refund to Bozxower
<br />any �nds held by Lender.
<br />4. Ch�rges; Liea�s. Bonower shall pay all taxes, assessments, charges, fines, and impositions amibutable to
<br />the Fraperty which can attain prior'sty over tbis Security I�astrument, leasehold payments or ground rents on the
<br />ProPex'tY if any, and Community Associadon Dues, Fces, and Assessments, if any. To the extent that these iteans
<br />are Escrow Items, Borrower shall pay tbem in the manner provided in 5eccion 3.
<br />Borrower shall pmmptty discharge any lien which has prioriry over this Security Instrument unless Bonrower:
<br />(a} agrees in writiug to the payznent of the obliga�ion secured by the lien in a manner acceptable ro Lender� but only
<br />so long as Borrower is performing such agreament; (b) cont�ts the lien in good faith by, or defends against
<br />enfoccement of the lien in, legal proceedings which in I.ender's opinion operate to prevent the enforcement of the lien
<br />while thosa proceedings are pending, but only ontil such procee�lings are concluded; or (c) secures from the holder
<br />af the lien an agreement satisfactory to Lender subordinating the Iien to this 5ecurity Instrument. If Lender
<br />determines that any part of the Fraperty is subject to a lien wluch can attain priority over t�is Security Instrument,
<br />Lender may give Borrower a notice idendfjring the lien, Within 10 days of the date on which that notice is given,
<br />Bonrower shall satisfy the lien or talce one or nnore of the actions set forth above in diis Secdon 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verificadon and/oz reporting service
<br />used by Lender in connection wi� this Loan.
<br />5. Propexty Insurance. Bonower shall keep the improvements now existing or hereafter erected on t1�e
<br />Property insure� against loss by �ire, hazards included within the term "exieuded coverage," and any othez haz�rrds
<br />including, but not limited to, earthquakes and floods, for which Lender requir�.s insuranc�. This insuraz►ce shall be
<br />maintaimed in rhe amounts (including deductible levels) and for tha periads that Lender requizes. What Lender
<br />requires pursuant to the pzeceding sentences esn change during the tezai of the Loan. The insurance carrier praviding
<br />the insurance shall be chosen by Bonower subject to Lender's right to disapprove Borrower's choice, which right shal!
<br />not be exercised unreasonably. Lender may require Borrower to pay, in co�anection wirh this Loaa, either: (a) a one-
<br />time charge for fload zone determination, cerp�cadon and tracking services; or (b) a one-tune charge for f{ood zane
<br />determination and c�rtificatien services and snbsequent charges each time remappings or similar changes occur wluch
<br />reasonably might affect such determinazion or certification. Borrower shalt also be respansible for the payment of
<br />any fees unposed by the Federal Emergency Maaagenr►ent Agency in connection with the review of any flood wne
<br />determination resulting fro�u an objectiton by Borrowez.
<br />If Borrower fails to maintaiu any of the coverages deseribed above, Lender may abtain insurance coverage, at
<br />Lender's option and Borruwer's expensa. Lender is uader no obligation to pnrchase aQy particular type or amount
<br />of coverage. Therefore, such coverage shall cover Lender, bui nnight or might not prot�t Borrower, Bnrrower's
<br />equity in the ProperCy, or the contents of the Property, against any risk� hazard or liability and might provide greater
<br />or lesser coverag� than was previously in effect. Borrower aclmowlaiges that the cost of the insuranca coverage so
<br />obtained might signif'icantly exceed the cost of insurance that Bonrower could have obtained. Any amounts disbnrseat
<br />by Lender under this 5ecrion 5 sfiall become additionat debt of Bornower seccurred by this Security InstrumenG These
<br />NEBRASKA—Stngle Family--Fennie Mas/�reddie Mec lfNiFORM IPISTRUMENT p �
<br />Form 3028 7/07 Page 5 of 14 www.docmagk.com
<br />SD
<br />Ne3028.�4�1
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