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<br /> Th�Funds shal� be heid �n an�nst��ut�ari whase deposits are insured by a federai agency, instrumerita�ity, ar
<br /> entity(inc�uding Lender, if Lender is a�institution whas�deposi�s are so�nsured} or in any F�deral H�me
<br /> Loan Bank. Lender sha,ll app�y the Funds to pay the Escraw��ems n� later than the�ime spe�if ed under
<br /> RESPA. Lender sha��n�t charge Borrov�er for holding and applying the F'unds, annualXy analyzing the
<br /> escrov�account, Qr verifying the�s�ro�v��ems, un�ess Lencier pays�orrovver�nterest an the Fu.nds and
<br />� Appiicabie Law per�rr�its Lender�o rnake such a charge. Unless an agreement is mad��n writ�ng ar
<br /> .Applicabl�Law�requires �n�erest ta be paid on�he Funds, L�nc�er sha�l nat be required t�pay Borra�ver any
<br /> interest flr ear�irigs on.the Funds. Borrower and Lender�at�agree in v�ri�ing, h�wever, that in�e�rest sha11 be
<br /> paid an�he Funds. Lender shai� giv�to I3orrower, with�u�charge, an anr�ua� accounting flf the Funds a�
<br /> requ�r�d by RESPA.
<br /> If�here is a surplus flf Funds held in�scra�, as defined under RESPA, Lender shal�account to Borrov�r�r for
<br /> �he excess funds in accordance w�th RESPA. �f there�s a shortage�f Funds he�d in escrow, as defined under
<br /> RESPA, Lender shall nt�tify Borrovver as requir�d by RESPA, arid Bnrrower sha�l pay ta Lend�r the amoun�
<br /> necessary to make up�he s�.ortage in accardan�e with RESPA, bu�in no mare than �2 m�nth�y paymen�s. If
<br /> �here is a deficienc}r of Funds held in escra�v, as defined un�.er RESPA, Lend�r sha11 notlfy Borr�wer as
<br /> required by R.�SPA, and Barrower sha��pay ta Lender�h��mount necessary�o make u�the defici�ncy in
<br /> accordance wtth R�SPA, but in na more than 1�r.�onth�y paym�nts.
<br /> Up�n paym�n��n fu11 of a�l sums secur�d by this Security Instr�ument, Lender sha�l promptly refund�o
<br /> Borro�er any Funds he�d by Lender.
<br /> 4, Charges; Liens= Bvrravver sha1�pay al1�axes, assessments, charges, f nes, and impos��ions attr�bu�abie�o
<br /> the Prope�ty which�an atta�n priority o�er this Security�ns�rument, �easeho�d paymen�s or ground r�n�s an
<br /> the Prap�rty, if an�, and Comrnunity Associat�on�ues, Fees, and Assessments, �f any. To the ex�ent that
<br /> these it�m,s are Escraw�tems, Borrower shal.�pay�thern in the man.n.er prov�ded�n Secti�n 3.
<br /> Barrower sha.��prompt�y discharge at�y 1ie�.�vhich has pr�orit}�over th�s Sec�ur�ty�nstrumer�t unless
<br /> Borrov�er: �a� agrees Y��r�tirig tQ the paymer�t vf�he obliga�ion secured by the li�n in a manner acceptabXe
<br /> to Lender, but an�y sv long as Borrawer is performing such agr��rr�ent; �b]co�tes�s the�ien in g�od fai�h by,
<br /> ar defends against enf�rcement of�he��en in, �ega.l proc�edings which�n Lender's apinian operafie to preven�
<br /> the enfarcement af�he�ien wh�le those prac��ding�are pending, �ut vn�y until su�h proceed�ngs are
<br /> canc�uded; ar(c} secures from the holder of the 1i�n an.agreement satisfac�ory ta Lender subordinat�ng the
<br /> ��en to�h�s Secu.rity Instrument. If L�nder de��rmines that ar�y part of the Property is subj ect to a lien which
<br /> ca�x at�ain prior�ty over�h�s Security�ns�rumen�, Lender may give Borrower a n�tice ident�fyin�the l�en.
<br /> �]L�ith�n 1 U days c�f the dat��n which�hat r�nt�ce�s given, Borrower sha�� satisfy the lien or ta.ke one or mare
<br /> af�he act�ons set for�h abn�e in��is Sec�ian 4.
<br /> Lender rnay requ�re Barrawer tQ pay a ane-time charge fQr a real es�ate tax ver�fication andlor reporting
<br /> servic�used by Lender in�onnection with th�s Loan.
<br /> 3. Prop�rty lnsuranc�. Borrav��r shall keep the�mprovements now existing flr h�reafter erected an�he
<br /> Prop�rty�nsured against 1�ss by f re, hazards �ncluded v�r�thin the term"extended coverage," and any a�her
<br /> hazards inc�uding, but nat linuted ta, ear�hquakes and f�oods, for�h�ch Lender requ�r�s insurance. Th�s
<br /> �nsurance shail be�xa.aintain.ed iri�he amounts�including�eductible�evels�and far the periods that Lender
<br /> requires. 'L7LThat L�nder requir�s pursuant ta the preced�ng sen�en�es ca�change during�he term�f the Loan.
<br /> The�nsurance carrier prov�ding the�nsurance sha11 be chosen by Borrovver subj ect�o Lender's right to
<br /> disappr��e F3orr�wer's �ho��e, which right sha11 na�be exerc�s�d unreasonably. Lender may requ�re
<br /> BorravWer to pay, i�.conr�e��ion wi�h th�s Loan, either: �a� a one�-time charge for f�oad zane determinat�on,
<br /> certif�ation and track�ng ser�rices; o�°�b} a on�-time charge for fload zone determinatzon and cert�f�ati�n
<br /> 88D1fi85485 8801fi85�95
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<br /> VM P Q VM P6A{NE}(�302}
<br />, Wolters K#�awer Fit�ar�cial Services Page�of 17
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