|
��15�1454
<br /> The Funds shail �e held in an ins�itution v�hase deposi�s a�e insur�d�y a federa� agency, �nstrumen�ality, ar
<br /> entity�includ�ng Lender, if Lender is an�nstitu�ion v�hose d�pas�ts are.so insured� or in any Federal Hame
<br /> Loan Bank. Lender sha�l apply the Funds to pay�h�Escrav��tems no la�er than the time specif ed under
<br /> RESPA. Lender sha11 nat�harge Borrawer for holding and apply�ng the Funds, annually analyz�ng the
<br /> escrow account, �r verifying the Escrow Ytems, unless Lender pays Barravtrer interest on th�Funds and
<br /> App��cab�e Law permits Lender to ma�e such a charg�. Un�ess an agreement is made in wr�tzng or
<br /> Applicab�e Law requ�res interest t�be paid on the Fu�ds, Lender shall nat be required�o pay Borrower any
<br /> interest or earnings on the Funds. Borr�wer and Lender can agr�e�n writing, hawever, �hat xnteres�shall be
<br /> paid�ri the Funds. L�nder shall give�o�3orrower, without charge, an annual account�ng af�he Funds as
<br /> requ�red by RESPA.
<br /> �f there is a surplus of Funds held in escrow, as def ned under RESPA, Lender sha�l accoun��o Borrower far
<br /> the exc�ss funds in accordance wi�h RESPA. �f there�s a shor�age of Funds he�d in es�r�w, as d�f ned under
<br /> RESPA, Lender shal�nt��ify Barrflwer as required by RESPA, and Borrower sha11 pay to Lender th�amaun�
<br /> necessary to rnake up�he shor�age in accardance wi�h R�SPA, but in no more than 12 month�y paymen�s. �f
<br /> there�s a deficienCy�f Funds�eld in es�row, as def ned under R..ESPA, L�nder sha11 no�ify Borr��ver as
<br /> required by RESPA, and Borrov�rer shal�pa�to Lender the amaun�neces�ary��rnake up th�deficiency�n
<br /> acc�rdance v�r�th RESPA, but in no mare than 12 man�hly paym�nts. ,
<br /> Upon payment in full of al� sums secured by this S�curity�nstrument, Lender sha�1 prflmpt�y refund ta .
<br /> Borrower any Funds held by Lender.
<br /> 4. �harges; L�en�. Borro�er sha��pay a.�l�axes, assessments, charges, f nes, and imposi�ions attribu�able�o
<br /> the Froperty which can attain pr�ority over�his Secur�ty�nstrument, leasehald payments or graund ren�s on
<br /> � the Property,�if any, and C�mmunity As�ociat�on Dues, Fees, and Assessm�nts, if any. To the extent that
<br /> these�tems are�scrov�r Items, Borrower sha��pay th�m in the manner pr�vided in Section 3.
<br /> Barrawer sha11 promptly discharge any��en Wh�ch has pr��rity o�er this Secur�ty�nstrument unless
<br /> Borravv�r: �a� agrees in wri�ing��the payment of the o�ligatian secur�d by�he�ien in a manner accep�ab��
<br /> to Lend�r, �ut on�y so long as�arrower is performing such agr�crr��n�; �b� ct�n��s�s the��en in good fa�th by,
<br /> �r defends against enfor�ement of�he lien in, legal.proce�dings v�hich in Lender's opin�on operate to preven�
<br /> �he�nf�r��ment af the lien whiie thase proceedings are pending, but ori�y unt�� such proceedings are
<br /> conc�uded; or (c} secures from the hold�r af the Ii�n an agreernent satisfactory to Lender su�ord�nating the
<br /> I�en�o this Secur�ty�nstrument. If Lender determ�nes that any part af t�e Property is subj ect to a lien which
<br /> can at�a�n priarity ov�r�his Security Instrumen�, Len�er may give Barrower a not�ce ident�fying th�lien.
<br /> �'�L1"ithin 1 D days�f�he date on wh�ch that notice�s given, Borr�vv�r sha�l �ati�fy the l�en or ta�e one or more
<br /> of the actions set forth above�n�h�s Se��ion 4.
<br /> Lender may requ�re Borr�wer t�pay a on��time�harge for a rea� estate�ax veri f cation andlar repflr��ng
<br /> service used by Lender xn �onnection with this Laan.
<br /> 3. Property lnsurance. Borrower shall k�ep the irnpro�ements now ex�sting or hereafter ere�ted on the
<br /> Proper�y insured against�oss by fire, hazards included v�ithin the t�rm"extended co��rage," and any o�her
<br /> hazards includxng, but nat limited ta, earthquake� and floads, for�vhich Lender requ�res insurance. This
<br /> insuran�e shai� be ma�n�ain�d in�he amounts�inc�uding deductibl�levels}and far�he periods that Lender
<br /> requires. �Vhat Lender requires pursuant to the preceding sentences can change during the�erm of t�e Laan.
<br /> Th�insuran�e carrier pro�id�ng the insurance sha11 be chosen by Borrower sub�ect to Lender's right�o
<br /> disapprove Borrower's choice, which rig�t sha��no�be exercised unreasonably. Lender may requ�re
<br /> Borrov►rer to pay, �n connec�i�n w�th this.Laan, e��her: �a} a on�-time charge for flood zane determ�nation,
<br /> certif cation and�ra�king ser��ces; or (b� a one-t�me charge far fload zane de�erm�na�ion and cert�f ca�ion
<br /> 8$�9 687�95 �Y �. ���k �� 880�687�95
<br /> NEBRASKA-Single�'amily-�'annie Mae��re�die M ac IJNI��RM INSTRUM ENT VIt1TH M ERS "�'�` b Form 3�28 �10�
<br /> VMP Q VM PfiA(NE�{�3�2�
<br /> VIlaiters Kluw er Financial Servic�s Page 6 of 17
<br /> �
<br /> . - . . �
<br /> � . .
<br /> ; .
<br />
|