|
��14�731�
<br /> The Funds sha11 be held in an institution whose depos�ts are insured by a federa�agency, instrumentality,or
<br /> entity(including Lender, if L�nder is an�nstitution whos�depo�its axe sa insu�red}or in any Federal Home
<br /> Loan Bank. Lender sha�1 apply the Funds to pay the Escrow Items no later than the time specified under
<br /> RESPA. Lender sha��not charge Borrower for holding and applyin.g the Funds,annually analyzing th�
<br /> escrow account,or verifying the Escro�items,unless Lender pays Borrower interest on the Funds and
<br /> Applicable Law permi�s Lender to make such a charge.Unless an agreement is made in writing or
<br /> Applicable Law requ'vr�s interes�to be paid on the Funds,Lender sha11 not be required ta pay Borrower any
<br /> interest or earn�ngs on the Funds. Borrower and Lender can agree in writing,however,that interest sha11 be
<br /> paid�n the Funds. Lender sha11 gi�e to Borro�ver,�ithout charge,an an.nual accounting of the Funds as
<br /> requued by RESPA.
<br /> If there is a surplus of Funds he�d in escrow,as defined under RESPA,Lender shall accaunt ta Borrawer for
<br /> the excess funds in ac�ordance�vith RESPA. If there �s a shortage of Funds held ir�escrow,as defined under
<br /> RESPA,Lend�r sha�t notify Borrower as required by RESPA,and Borrower sha��pay to Le�nder the amount
<br /> necessary t�make up the shortage in accordance�vith RESPA,but in no more than 12 monthly p�.ym�nts. If
<br /> there is a deficiency of Funds he�d ir�escrow,as defined under RESPA,Lender sha11 notify Borrower as
<br /> requir�d by RESPA,and Borrower sha�t pay to Lender the amoun�necessary to make up the deficiency in
<br /> accordanGe with RESPA,but�n no mare than 12 monthly payments.
<br /> Upon payment in fu�l of a1i sums secured by this Security Instrument,Lender shal�promptly refund to
<br /> Borrower any Funds held by Lender.
<br /> 4. Charges;Liens.Borrower sha11 pay a11 taxes, assessments, charges, fines, and impositions attributable to
<br /> the Property which can attain priority aver this Security Instrument, leasehold payments or grou�d rents on
<br /> the Property, if any,and Community Assaciation Dues,Fee�,and Assessments, if any. To the extent that
<br /> these items are Es�row Items,Borrower sha11 pay them in the manner provided in Section 3.
<br /> Borrower�ha�1 promptly discharge any lien which h�s priarit}r o�er this Security Instrument unless
<br /> Borrower: �a}agrees in writing to the payment of th�obligation secured by the lien in a manner acceptable
<br /> to Lender,bu�on�y so long as Borrower is perform�n�such agreement; (b}contests the lien in good faith by,
<br /> or defends against enforcement�f the lien in, 1ega1 proceedings which in Lender's opinion operate to preven�
<br /> the enf�rcement af the lien�hi1e those proceeding�are pending,but only until such proceedings are
<br /> concluded;or�c}se�ure�from the holder of the lien an agreement satisfactory to Lender subordinating the
<br /> lien to this Se�urity Instrument. If Lender determin�s that any part of the Property is subj�ct to a lien which
<br /> can attain priority over th�s��curity Instrument,Lender may give Borrower a notice identifying the��en.
<br /> �Vithin 1�days of the da�e on which that notice is given,Borr��vver shall satisfy the lien or take one or more
<br /> of the a�tions set forth above in this Section 4.
<br /> Lender may require Borrower to pay a on�-time charge for a real estate tax�rerification andlor reporting
<br /> service used by Lender�n connection with this Laan.
<br /> 5. P raperty I ns u ran ee.Bvrro�ver shall keep the improvement�s n.ow existing or hereafter erected on the
<br /> Property insured against loss by fire,hazards inc�uded vvith�n the term"extended co�erage,"and any o�her
<br /> hazards including,but not limited to,earthquakes and floods, for which Lender requires insurance.This
<br /> �nsurance sha11 b�maintai�ed in the atnounts(including deductible level�}and for the periods that Lend�r
<br /> requires. What Lender requires pursuant to the preceding sentences can change during the term af the Loan,
<br />�
<br /> The insurance canier praviding the insurance shall be chosen by Borrower subject to Lender's r�gh�to
<br /> disapprove Borrower's choice,which right sha��n.ot be ex�rcised unreasonably.Lender may requue
<br /> �orra�ver to pay, in connection with this Laan, either: (a)a one-time charge for fload zone de�erminat�on,
<br /> certificatYon and tracking services;or(b}a one-time char�e for flood zone de�ermination and certif�cation
<br /> NEBRASICA-Single Family-Fannie MaelFreddie Mac UN1FflRM tNSTRUMENT WITH MERS Form 342811d1
<br /> VMP� VMP6A�ME}(i342}A4
<br /> Vilolters Kluwer Financiai Services Page fi o�17
<br /> q�33334588Z8 �233 277 4617
<br />
|