|
20 � 4 � 6348
<br /> LOAN#:14086776
<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 ofthe obtigation secured by the lien in a manner acceptable
<br /> to Lender,but only so long as Borrower is performing such agreement;(b)contests the lien in good faith
<br /> by,or defends against enforcement of the lien in,legai proceedings which in lender's opinion operate to
<br /> prevent the enforcement of the lien while those proceedings are pending,but only until such proceedings
<br /> are concluded;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating
<br /> the lien to this Securiry Instrument.If Lender determines that any part of the Property is subject to a lien
<br /> which can attain priority over this Security instrument,Lender may give Borcower a notice identifying
<br /> the lien.Within 10 days of the date on which that notice is given,Borrower shall satisfy the lien or take
<br /> 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 andlor
<br /> reporting service used by Lender in connection with this Loan.
<br /> 5. Property Insurance.Borrowershall keep the improvements now existing or hereafter erected on
<br /> the Property insured against loss by fire,hazards inc�uded within the term"extended coverage,"and any
<br /> other hazards including,but not limited to,earthquakes and floods,for which Lender requires insurance.
<br /> I This insurance shall be maintained in the amounts(including deductibie leveis}and for the periods that
<br /> Lender requires. What Lender requires pursuant to the preceding sentences can change during the
<br /> 0
<br /> term of the Loan.The insurance carrier rovidin the insurance shall be chosen b Borrower sub'ect t
<br /> p 9
<br /> Y 1
<br /> Lender's right to disapprove Borrower's choice,which right shall not be exercised unreasonably.�ender
<br />' may require Borrower to pay,in connection with this Loan,either:(a)a one-time charge for flood zone
<br /> determination,certification and tracking services;or(b)a one-time charge for flood zone determination
<br /> and certiflcation services and subsequent charges each time remappings or similar changes occur which
<br /> reasonably might affect such determination or certification. Borrower shall also be responsible for the
<br /> payment of any fees imposed by the Federal Emergency Management Agency in connection with the
<br /> review of any flood zone determination resulting from an objection by Borrower.
<br />� !f Barrower 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 Iiabiiity 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 Lander 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,shaii include a standard mortgage clause,and shall name Lender as
<br /> mortgagee and/or as an additional loss payee.Lender shail have the right to hold the policies and renewai
<br /> certificates.If lender requires,Borrower shail promptly give to Lender al►receipts of paid premiums and
<br /> renewal notices.If Borrower obtains any form of insurance coverage,not otherwise required by Lender,
<br /> for damage to,or destruction of,the Property,such policy shall include a standard mortgage clause and
<br /> 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 /> I may make proof of loss if not made promptly by Borrower.Unless Lender and Borrower othervvise agree
<br /> in writing, any insurance proceeds,whether or not fhe underlying insurance was required by Lender,
<br /> shall be applied to restoration or repair of the Property,if the restoration or repair is economicaily 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 or
<br /> Applicable�aw requires interest to be paid on such insurance proceeds,Lender shall not be required to
<br /> pay Borrower any interest or eamings on such proceeds.Fees for public adjusters,or other third parties,
<br />� retainedby Borrower shall not be pa+d out of the insurance proceeds and shall be the sole obiigation of
<br /> Borrower.If the restoration or repair is not economicaily feasible or Lender's security would be lessened,
<br /> the insurance proceeds shail be appiied to the sums secured by this Security Instrument,whether or
<br /> not then due,with the excess,if any,paid to Borrower.Such insurance proceeds shall be applied in the
<br /> 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 ctaim.The 30-G��� " ( ���
<br /> day period will begin when the notice is given.In either event,or if Lender acquires the Pro ►���u�nd�r
<br />' Initials:`��7U�L,L
<br /> NEBRASKA--Single Fami�y—Fannle MaelFreddle Mac UNIFORM INSTRUMHNT Form 3028 1/01
<br /> Ellie Mae,inc. Page 5 of 11 NEEDEED 1212
<br /> NEEDEED
<br /> 10IO2I2014 10:19 AM PST
<br /> 1
<br /> ..
<br />
|