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201209761
<br /> LOAN ID # 1701572961
<br /> If there is a surpius of Funds held in escrow,as deFined 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 shal]notify Borrower as required by RESPA,and Borrower shall pay to Lender the amount
<br /> necessary to make up the shortage in accordance with RESPA,but in no more than 12 montlily payments. If
<br /> there is a deficiency of Funds held in escrow,as defined under RESPA,Lender shall notify Borrower as required
<br /> by RESPA,and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance
<br /> with RESPA,but in no more than 12 monthly payments.
<br /> Upon payment in full oY"all sums secured by this Security Instrument,Lender shali promptly refund to
<br /> Borrower any Punds held by I,ender.
<br /> 4. Charges;Lieus. Borrower shall pay ali taxes,assessments,charges,fines,and impositions attributable
<br /> to the Property which can attain priority over this Security lnstrument,leasehold payments or ground rents on
<br /> the Property,if any,and Community Association Dues,Fees,and Assessments,if any. To the extent that these
<br /> items are Escrow Items,Sonower shall pay them in the manner provided in Section 3.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br /> Borrower: (a)agrees in writiog to the payment of the obligation secured by the lien in a manner acceptable to
<br /> Lender,but only so long as Borrower is performing such agreement;(b)contests the]ien in good faith by,or
<br /> defends against enForcement of the lien in,legal proceedings which in Lender's opinion operate to prevent the
<br /> enforcement of the lien while those proceedings are pending,but only until such proceedings are concluded;or
<br /> (c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security
<br /> Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over
<br /> this Security Instrument,Lender may give Borrower a notice identifying the]ien. Within 10 days of the date on
<br /> which that notice is gnven,Borrower shall,satisfy the lien ar take one or more of the actions set forth above in
<br /> 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 connection with this Loan.
<br /> 5. Property Insnrance. Bonower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured againstloss by fire,hazardsincluded within the 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 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 right shall not be exercised unreasonably. Lender may require Borrower
<br /> to pay,in connection with this Loan,either: (a)a one-time chazge for flood zone determination,certiflcation
<br /> and tracking services;or(b)a one-time charge for flood zone determination and certification services and
<br /> subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br /> determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the
<br /> Federal Emergency Management Agency in connection with the review of any flood zone determination
<br /> resulting from an objection by Borrower.
<br /> If Borrower fails to maintain any of the coverages described above,Lender may obtain insurance coverage,
<br /> at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or
<br /> amount of coverage. Therefore,such coverage shall cover Lender,but might or might not protect Bonower,
<br /> Borrower's equity in the Property,or the contents of the Property,against any risk,hazard or liability and might
<br /> provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the
<br /> insurance coverage so obtained might significantiy exceed the cost of insurance that Borrower could have
<br /> obtained. Any amounts disbursed by L,ender under this Section 5 shall become additional debt of Borrower
<br /> secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of
<br /> disbursement and shall be payable,with such interest,upon notice from Lender to Borrower requesting payment.
<br /> All insurance policies required by I,ender and renewals of such policies shall be subject to I.ender's right to
<br /> disapprove such policies,shall include a standard mortgage clause,and shall name Lender as mortgagee and/or
<br /> as an additional loss payee. L.ender shall have the right to hold the policies and renewal certificates. If I.ender
<br /> requires,Borrower slnall promptly give to Lender all receipts of paid premiums and renewal notices. If
<br /> Borrower obtains any form of insurance coverage,not otherwise required by Lender,for damage to,or
<br /> destruction of,the Property,such policy shall include a standard mortgage clause and shall name I.ender as
<br /> mortgagee and/or as an additional loss payee.
<br /> In the event of loss,Borrower shall give prompt notice to the insurance carrier and L,ender. I.ender may
<br /> make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing,
<br /> any insurance proceeds,whether or not the underlying insurance was required by Lender,shall be applied to
<br /> restoration or repair of the Property,if the restoration or repair is economically feasible and Lender's security is
<br /> not lessened. During such repair and restoration period,I.ender shall have the right to hold such insurance
<br /> proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
<br /> Lender's satisfaction,provided that such inspection shall be undertaken promptly. Lender may disburse
<br /> proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is
<br /> completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
<br /> insurance proceeds,Lender shall not be required to pay Borrower any interest or earnings on such proceeds.
<br /> Fees for public adjusters,or other third parties,retained by Borrower shall not be paid out of the insurance
<br /> proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or
<br /> Lender's security would be lesseoed,the insurance proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether or not then due,with the excess,if any,paid to Borrower. Such insurance proceeds shall
<br /> be applied in the order provided for in Section 2.
<br /> If Borrower abandons the ProperCy,Lender may file,negotiate and settle any available insurance claim and
<br /> related matters. If Bonower does not respond within 30 days to a notice from Lender that the insurance carrier
<br /> has offered to settle a claim,then Lender may negotiate and setUe the claim. The 30-day period�vill begin when
<br /> the notice is given. In either event,or if Lender acquires the Property under Section 22 or otherwise,Borrower
<br /> hereby assigns to Leoder(a)Borrower's rights to any insurance proceeds in an amount not to exceed the
<br /> Initials: ��'' �LL�
<br /> NEHRASKA--Single Pamily--Fa¢nie Mae/Freddie Mac UNIFORM[NST&UMENT Form 3026 ll01 (paRe 4 of IO pages)
<br /> NECMM4-01042012 www.ProClose.wm
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