|
201300321
<br /> RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of
<br /> expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall he held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br /> entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
<br /> Bank Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<br /> shall not charge Borrower for holding and applying the Funds,annually analyzing the escrow account, or verifying
<br /> the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br /> such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br /> Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree
<br /> in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an
<br /> annual accounting of the Funds as required 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 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 the shortage in accordance with RESPA,but in no more than 12 monthly payments. If there is
<br /> a deficiency of Funds held in escrow,as defined under RESPA,Lender shall notify Borrower as required by RESPA,
<br /> and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA,but in
<br /> no more thanl2 monthly payments.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to
<br /> Borrower any Funds held by Lender.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines. and impositions
<br /> attributable to the Property which can attain prionty over this Security Instrument, leasehold payments or ground
<br /> rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that
<br /> these items are Escrow Items,Borrower shall pay them in the manner provided in Section 3.
<br /> Borrower shall promptly discharge any lien which has pnority over this Security Instrument unless
<br /> Borrower: (a) agrees in writing 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 lien in good faith by,or defends
<br /> against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement
<br /> of the lien while those proceedings are pending,but only until such proceedings are concluded; or(c) secures from
<br /> the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If
<br /> Lender determines that any part of the Property is subject to a lien which can attain priority over this Security
<br /> Instrument,Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice
<br /> is given,Borrower shall satisfy 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-time charge for a real estate tax venfication and/or reporting
<br /> service used by Lender in connection with this Loan.
<br /> 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured against loss by fire, hazards included within the term"extended coverage,"and any other hazards
<br /> including, but not limited to, earthquakes and floods, for which Lender requires insurance This insurance shall be
<br /> maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br /> requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier
<br /> providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice,
<br /> which nght shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan,
<br /> either: (a)a one-time charge for flood zone determination, certification and tracking services: or (b)a one-time
<br /> charge for flood zone determination and certification services and subsequent charges each time remappings or
<br /> similar changes occur which reasonably might affect such determination or certification. Borrower shall also be
<br /> responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with
<br /> the review of any flood zone determination 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 amount
<br /> of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br /> Nebraska Deed of Trust—Single Family—Fannie Mae/Freddie Mac Uniform Instrument Form 3028 1/01
<br /> MFRS Modified
<br /> The Compliance Source,Inc. Page 5 of 14 Modified by Compliance Source 143OiNE 08/00 Rev.04/08
<br /> www.compliancesource.com ©2000,The Compliance Source,Inc.
<br /> 1 111111 illll IIIII IIIII IIIII!III IIIII IIIII IIIII IIIII IIII 1111111IIIII IIII IIIII IIIII IIIII IIIII IIII IIIII IIIII 1111111111 111111 11111111 IIII
<br /> * 1 2 2 2 0 4 3 6 9 7 — E B 1 4 3 0 1 % % — 5 — 1 4 *
<br />
|