|
2� 1 �� 13� 1
<br /> The Funds shall be held in an institution whose de�asits are insured by a federal agency, instrumenta.�ity�or
<br /> entity�including Lender, i�Lender xs an�nstitution whose dep�sits are so insured}ar in any Federal Home
<br /> Loan Bank. Lender sha�l apply the Funds to�ay the E�crow Items no later than the time speci�ed und�r
<br /> RESPA. Lender shall not charge Borrower for haldin.�;and applying the Funds,annually analyzing the
<br /> escrow accaunt,or verifying the Escrow Items,unless Lender pays B�rrower interest on the Fu�ds and
<br /> Appl�cable Law permi�s Lender to make such a charge.Unless an agreement is made in v�riting or
<br /> Applicable Law requires in�erest to be paid on the Funds,Lender sha11 not be required to pay Borr�vver any
<br /> interest or earnings on the Funds. Borrower and Lender can agree in writing,ho�vever,that intere�t shall be
<br /> pa�d on the Funds. Lender shall give to Borrower,�vithout charge,an annual accounting of the Funds as
<br /> requ u-ed by RE SPA.
<br /> If there is a surpius of Funds held in�scro�r,as defined under RESPA,Lender sha��account�o Borrower for
<br /> the excess funds in accardance with RESPA. If there is a shortage of Funds held in escrow,as defined under
<br /> RESPA,Lender sha11 notify Borr�vver as required by RESPA,and�orrower sha11 pay to Lender the amount
<br /> necessary ta make up the shortage in accordance with RESPA,but�n nv more than �2 month�y paymen�s. If
<br /> there is a def ciency of Funds held in es�ro�, as defined under RESPA,Lender shall n�tify Barrower as
<br /> required by RESPA,and Barro�uer sha11 pay ta L�nder the amaunt n�cessary to make up the deficiency in
<br /> acc�rdance with RE�PA,but in no more than 12 manthly payments.
<br /> Upon payment in fu11 of al�sums secured by th�s Security Instrurn�nt,Lender sha11 prompt��refund to
<br /> Borrower any Funds held by Lender,
<br /> �. Charges;Liens.Borrower sha1l pay a�I ta.xes, assessments, chaxges, fines, and impasitions attributab�e ta
<br /> the Propert�r which can attain pr�ority o�er this S�curxty Instrument, leasehold payrner�ts or ground ren�s on
<br /> �h�Property, if any,and�ommunity Association Dues,Fees,and Assessments, �f any.To the extent that
<br /> tl�e�e items are Escrow Items,Borrower shall�ay them in the manner pro�ided in Section 3.
<br /> Borrower�ha��prqmptly discharge any lien which has priori�y over this Security Instrta.ment unless
<br /> Borrawer: �a)agrees in writing to the payment of the vb�igatxon secured by the�ien Yn a�rzanner a�ceptab�e
<br /> to Lender,but an�y so long as Borrower is performin.g such agreement; (b)contests the lien in good faith by,
<br /> ar defends against enfor�ement of the lien in, legal proceed�ngs wh�ch in Lender's opknio�operate to prevent
<br /> the enforcement of the I�en while�hase pr�ceedings are pendi�g,but only untii such proceedings are
<br /> concluded;or�c}secures�rom the holder of the lien an agreement sat�sfactary ta Lender subordinating the
<br /> �ien to this Security Instrument. If Lender determines that any part af th�Pro�erty is subjec��o a lien which
<br /> can attain priority over this Secu�rity Instrument,Lender may give Barrower a notice identifying the 1ien.
<br /> �Vithin 1 U days�f the date on which that notice is given,�orro�uer sha11 satisfy the��en or take one ar more
<br /> af the actions set forth abave in this Section 4.
<br /> Lender may requi.r�Barrower to pay a ane-time charge for a real estate tax verificatia�x andlor r�porting
<br /> service used by Lender in connectxon with th�s Loan.
<br /> S. Propert�I nsu rance.Borrotiver sha11 keep the improWemen�s now existing or hereaf�er erec�ed on the
<br /> Property insured against loss by fue,hazards included within the term"extended coverage,"'and any other
<br /> hazaxds inc�ud�ng,but not�imited to, earthquakes and floads, for whi�h Lender requires�nsurance. Th�s
<br /> insurance sha11 be maintained in the amaun��s(including deductible 1eve�s�and for the periods that Lender
<br /> requires.�hat Lender requ�r�s pursuant to the pr�eeding sentences�an change during the�erm af the L�an.
<br /> The ir�surance carr�er providing th�insurance shaYl be chosea by Borr��ver sub,�ect to Lender's right to
<br /> disapprove Borrower's choice,which r�ght shall not be�xercised unreasanably. Lender may requue
<br /> �orrower to pay,in con.nection with this Loan, ei�her: �a}a one-time charge for flood zo�e d�terrnina�ion,
<br /> cert�ficati�n and tracking ser�ices;ar�b}a one-time charge for flood zone determina�ion and certification
<br /> NEBR►ASKA-5ingle Family-Fannie MaeiFreddie Mac UNIFQRM INSTRLIMENT W1TH MERS Form 3428 1101
<br /> vMP� v�PBA�NEj(1342j.4�
<br /> Wolters I{luwer Fir�ancial Services Page B of 17
<br /> q4335�.964263 �233 3z8 �617
<br />
|