|
2� 1 ��2��5
<br /> The Funds shalt be held in an institution whose deposits are insured by a federal agen��, instrumental�ty,or
<br /> entity(including Lender, if Lender is an institution wh�se deposits are so insured�or in any Federal Home
<br /> Loan�ank. Lender sha�l apply the Funds to pay the Escrow Items no �ater than the�ime specified un�ler
<br /> RE�PA. Lender shall no�charge F3orrower for holding and applying the Fund�, annual�y analy�ing the
<br /> escro�a��coUnt,or�er�fy�ng the Escrv�v Items, unless L�nder pays Borro�ver interest on the Funds an�
<br /> App��cable Law permits Lender to make such a charge.Un�ess an agreement is mad� in writing or
<br /> Applicable Law requires interest to be paid on the Funds,Lender sha11 nat be requ�red ta pay�orirower any
<br /> interest or earnings on the Funds. Borrawer and Lender�an agree in writing, hovve�er,that interest shall be
<br /> paid on the Funds. Lend�r shali gi�e to Bartower,without charge, an annua�accounting of the Funds as
<br /> requ�red�y RESPA.
<br /> If there is a surplus of Funds held in�scrow,as defxned under RESPA,Lender shall aceaunt to Borrower far
<br /> the excess funds in accordance with RESPA. �f�here is a shortage of Funds held in escro�v,as defined under
<br /> ' RESPA,Lender shal�no�ify Borrower as required by RESPA, and Bonower shall pay ta Lender the amaunt
<br /> necessary to mak�up the s�artage in accordance vvith RESPA,but in no more than 1�monthly payments. If
<br /> ther�is a deficiency of Funds helci in escro�v, as defined under RESPA, Lender shal�notify Borrower as
<br /> required by RESPA,and Borrawer s�all pay�o�.ender the amount nec�ssary ta�rz�ake up the defcren.cy�r�
<br /> accordance with RESPA,but in no more than 12 monthly payments.
<br /> Upon payment in fuil of a11 sums secured by this S�curity Instrument,Lender sha11 promptly refund�o
<br /> Borrower any Funds held by Lender.
<br /> 4. �harges;Liens.Barrower shall pay al1 ta.xes, assessments, charges, fines, and impositions attr�butab�e to
<br /> the Property which can attain priority over this�ecurity�nstrument, leasehold payments or ground rents on
<br /> the Propezty, if any, and Community Association Dues,Fe�s,and Assessments, if any, To the exten�that
<br /> these i�ems are Escravv Items, Borra�ver sha11 pay them in the manner provided in Section 3.
<br /> Borrower sha11 promptly diseharge any iien which has priority over this Secur�ty Instrument unless
<br /> Borrower: (a}agrees in writing to the payment of the ob�igation secured by the lien in a manner accepta.ble
<br /> to Lender, but oniy so Iang as Borrower is performing such agreement; (b}contests the 1i�n�n good faith by,
<br /> ar d�fends against enforcement of the lien in, 1�gai proceedings which in Lend�r's opinion op�rat�to prevent
<br /> the enforcement of the lie�while those proceedings are pending,but only until such proceedings are
<br /> concluded;or�c}secures from the holder of the lien an agreement satisfactory to Lender subordinating the
<br /> lien to this�ecurity Instrument. If Lender determin�s that any par�of the Property is subjeet ta a lien which
<br /> can attain priority over this Security Instrument, Lender may give Borrower a not�ce id�n�ifying the 1ien.
<br /> Within 1�days of the date�n�vhich tha�notice is given,Borrovver sha1�satisfy�he lien or take one or more
<br /> af the actions set forth abo�e in this Section 4.
<br /> Lender may requ�re$orrovver to pay a one-time charge for a real estate ta.x�erification andlor reporting
<br /> ser�ice used by Lender in connecti�n vvith this Loan. �
<br /> 5. Pr�o�e�ty Ins�ranee.B�rro�er sha��kee�the�mgrovements now exist�ng or hereafter erec�ed on the
<br /> Property insured against lass by fire,hazards in�luded within the t�rm"extended co�erage," and any other
<br /> hazards including,but not limited to, eart�aquakes and floods, for which Lender requires insuran�e. This
<br /> insurance shall be maintained in the amounts�including deductible �evels)and for the periods that Lender
<br /> requires. Wha�Lender requires pursuant to the preceding sentences can change during the term af the Loan.
<br /> The insurance carrier providing the insurance shall be chosen by Borro�rer subject to Lender's right to
<br /> disapprove�orrawer's choi�e,which righ�shai�not be exercised unreasanab�y, Lender may r�quire
<br /> Borrower to pay, in eonnec�ion with this Loan, either; (a)a one-time charge �'�r flood 2one determination,
<br /> certification and tracking services;or(b}a one-time charge for fl�od zone determination and certification
<br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac L1NIF�RM lNSTRUMENT WiTH MERS Form 3�28 11�1
<br /> VMP C+� VMRfiA(NE�(13�2)AQ
<br /> Wolters Kluw�r Fir�ancial Services Page 6 of 17
<br /> q�3353643�83 �233 3�8 �617
<br />
|