201508182 - Laserfiche WebLink

Browse

2� 15�8182 re�u�r�d by RESPA, and Borrower shall pay t� Lender the amoun�necessary to make up�he de�e�ency in a�c�rdan�e with R�SPA, but in no mare than 12 mon�hl�payments. Upon paymen� �n fu�� of a�� sums seeured by�his Securi�y �ns�rumen�, Lender shal�prompt�y refund�a Barrawer any Funds held by L�n�er. 4. Char�es; Liens. Borr�wer�hall pay aIl taxes, assessments, charges, fines, and imp�s�t�ans attributabie t� th�Pr�per�y which can a�tain priority a�er this S�curity �ns�rumen�, leasehald payments or graund rents on the Praperty, if any, and��mmunity Association Dues, Fees, and Assessments, �f any. To the extent that �hese i�em� are Escrov� ��ems, Borrower shall pay them�n the manner pr�v�ded �n Section 3. Barrower shali promp�iy discharge any �ien which has priority o�er this Securi�y Instrumen�unless Borrower: �a} agre�s �n wri�ing to the payment of the obligation secured by the��en in a manner acceptab�e to Lend�r, bu�only so Iong as Borrower�s perfarming such agreement; �b} �on�ests the��en �n g�od fai�h�y, or defends against enforcement of the�ien in, Iegal pr�ceedings which in Lender's�pinion operat�ta prev�n� �he enforcement of�he i��n while those praceed�n�s are pending, bu�on�y unt�� such pr�ce�d�ngs are c�ncluded; ar��} s�cures from the ho�der of the l�en an agreement sa��sfactory �o L�nd�r sub�rd�na��ng the li�n ta�h�s S�curity �ns�rumen�. �f Lender d�t�r�mzn�s tha�an�par��f the Pr�perty is suhj ect ta a l��n which can atta�n pr�ority a�er th�s Security �nstrument, Lender may give Borr�w�r a noti�e zden��fying th�li�n. �'�V�th�n x 4 days af the da��on whi�h tha�n�ti�e is giv�n, Borro�ver shal� sat�sfy the��en or take one ar more of the actzans se�forth abov� in�his S��ti�n 4. Lender may require B�rrow�r to pay a one-time charge for a rea� es�ate tax�er�f��ation andlor repnr�xng service us�d by Lender in connection wi�h th�s Loan. 5, Prope�ty Insurance. Barrower shall keep�he impr�vements n�w existing ar hereafter erect�d on the Proper�y �nsured agains�lass by f�re, hazards included wi�hin the term "extend�d�o�erage," and any oth�r hazards including, but not Iim�ted to, earthquake� and floads, far vvhich Lender requ�res �nsuranc�. Th�s insurance shal�be maintained in the am�unts ��ncludina deductib�e levels} and for�he periads that L�nder requires. What L�nd�r requires pursuant to the preced�ng sentences can change dur�ng�he term�f the Loan. The insuran�:e�arrier providing�he�nsuranc�shall be choser�by Borrower subject to Lender's rzght ta di�appro�e Borrower's cho�ce, which r�ght sha�� not be exercis�d unreasonably. L�nder may requ�re Borr�v�er to pay, in cannec��on w��h�h�s Loan, ei�her: �a} a oneWtzme�harge far fl�ad z�ne determ�nation, certificatifln and�rac�ing servzces; or�b} a one�tim�charg�far flood zone de�erm�nat�an and cer�ification ser�ices and subsequen��harges each time remappings ar simiiar changes occur whze�a reas�nab�� might affe�t such det�rmina�i�n or c�rtif�ca�i�n, Borrower shal� aiso be respans�bl�far the payment of an� fe�s imposed by �h�Federa� Emerg�ncy Managemen�Ag�ncy in connec�z�n with the rev�ew af any flood zone de�ermina�ian result�ng from an ob��c�ion by B�rrower. If Borrower fails to ma�ntain any of�he cov�rages descr�bed above, Len�er may ob�ain�nsurance�a�erage, at Lend�r`s op��on and Borro��r's e�.pense. L�nd�r is un�er no ob�iga�ion to purchase an�par�icuiar type ar amount of coverage. Therefore, su�h cov�rage shall cov�r L�nd�r, but migh�ar m�ght not protec�B�rravver, Barrow�r's�quz�y ir�the Prflper��, ar th�conten�s af�he Property, aga�n�t any r�sk, hazard ar liability and m�ght pr�vide greater or less�r caverag�than was previaus�y�n effect. Borrawer acknowl�dg�s tha�the cnst of�he insurance caverage s��btazned m�ght signi�cantiy �xce�d.�he cost of insuranc�that Borrower could ha�e�bta�ned. Any amounts d�sbursed by Lender under this Section 5 shall b�come additiona� debt af Borro�ver s��ur�d by this Security�nstrument. These amounts shal�b�ar�nterest at the Not�rate from the date of disbursemen�and shali be payah��, with such interest, upon na�ic�from Lender to Barr�wer r�ques�ing payment. N�BRASKA-Single Family-Fannie Niael�reddie Mac UNIF�RM iNSTRUM�NT �nrrr�3D�8 fl�l VMP� VMPfi4NE�{1302� Waiters Kluwer�inancial Services Page 5 vf'�'�