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201502651
<br /> LOAN #: 1503EM098059
<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 acceptable
<br /> to Lender,but only so long as Borrower is pertorming such agreement;(b)contests the lien in good faith
<br /> by,or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to
<br /> preventthe enforcement of the lien while those proceedings are pending,but only until such proceedings
<br /> are concluded;or(c)secures from the holderofthe lien an agreement satisfactoryto Lender subordinating
<br /> the lien to this Security Instrument. If Lender determines that any part of the Properry is subject to a lien
<br /> which can attain priority over this Security Instrument, Lender may give Borrower 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 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 hereaftererected on
<br /> the Property insured against loss by fire, hazards included within the term"extended coverage,"and any
<br /> other hazards including,but not limited to,earthquakes and floods,for which Lender requires insurance.
<br /> This insurance shall be maintained in the amounts(including deductible levels)and for the periods that
<br /> Lender requires. What Lender requires pursuant to the preceding sentences can change during the
<br /> term of the Loan.The insurance carrier providing the insurance shall be chosen by Borrower subject to
<br /> Lender's right to disapprove Borrower's choice,which right shall not be exercised unreasonably. Lender
<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 certification services and subsequent charges each time remappings or similar changes occur which
<br /> reasonably might affect such determination or certifcation. 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 /> 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 renewal
<br /> certificates. If Lender requires, Borrower shall promptly give to Lender all 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 /> 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 or
<br /> Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to
<br /> pay Borrower any interest or earnings on such proceeds. Fees for public adjusters,or other third parties,
<br /> retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of
<br /> Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened,
<br /> the insurance proceeds shall be applied 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 claim.The 30-
<br /> day period will begin when the notice is given. In either event, or if Lender acquires the P erty und
<br /> Initials:
<br /> NEBRASKA—Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br /> Ellie Mae,inc. Page 5 of 12 NEE ED 0315
<br /> NEEDEED
<br /> 04/17/2015 10:21 AM PST
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