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201300494
<br /> V2 WBCD LOAN if 503599191
<br /> or ground rents on the Property,if any,and Community Association Dues,Fees,and Assessments,if
<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 promptly 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 from 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 subject to a lien which can attain priority over this Security Instrument,Lender may
<br /> give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br /> 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 verification and/or
<br /> reporting service used by Lender in connection with this Loan.
<br /> 5. Property Insurance.Borrower shall keep the improvements now existing or hereafter erected
<br /> on the Property insured against loss by fire,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 of the 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 occur which 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 resulting 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,Borrower's equity in the Property,or the 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 significantly exceed the cost
<br /> of insurance that Borrower 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 from the date of disbursement and shall be payable,with such interest,
<br /> upon notice from Lender to Borrower requesting payment.
<br /> All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
<br /> right to disapprove such policies,shall include a standard mortgage clause,and shall name Lender as
<br /> mortgagee and/or as an additional loss payee. Lender 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 promptly by Borrower.Unless Lender and Borrower otherwise agree
<br /> in writing,any insurance proceeds,whether or not the underlying insurance was required by Lender,
<br /> shall be applied to restoration or repair of the Property,if the restoration or repair is economically feasible
<br /> and Lender's security 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 for the repairs and restoration in a single payment
<br /> or in a series of progress payments as the work is completed.Unless an agreement is made in writing
<br /> or Applicable Law requires interest to 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 security would
<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,if any,paid to Borrower.Such insurance proceeds shall be
<br /> applied in the order provided for in Section 2.
<br /> If Borrower abandons the Property,Lender may 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 if Lender acquires the Property under
<br /> Initials:
<br /> NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br /> Online Documents.Inc. Page 5 of 11 NEEDEED 1212
<br /> 01-11-2013 16:38
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