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2� 1 ���225
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<br /> L�AN#: ��'I fi8�78
<br /> or graund rents on the Property, if any, and �ommunity Associativn Dues, Fees, and Assessments, if
<br /> any. To the extent that these it�ms are Escrow Items, Borrower shall pay them in the manner provided
<br /> in S�cti�n 3,
<br /> Borrower shal� promptly�ischarge any lien wh�ch has priority o�er this Securi�y Instrumenf unless
<br /> Bvrrower:�a}agrees in wrEting to the paym�nt af the abligatian se�ured by the lien in a manne�acceptable
<br /> to L�nder, but only so Iong as Borrow�r is performing such agreement; �b}contests the lien in good fa��h
<br /> by,or de��nds against enforcement of�he I�en in, l�gai proceedings uvhich En Lender's opinian operate t�
<br /> pre�ent the enforcement�f the iien while those pr�ceedings a�e pending, but only untii such prviceedings
<br /> are conclude�;or�c}secures fr�m fhe holder of the lien an agreement satisfactory to Lender subordinating
<br /> the li�n to this Security Ins�rument. !f L�nder d�t�rmin�s tha�any part af the Prvperty is sub�ect to a lien
<br /> which can attain priority over this Security �nstrument, Lender may give Barrower a natice identifying
<br /> the lien. Within �0 days of the date on which that nv�ice is gr�en, Bvr�awer shal! sa#isfy the lien or take
<br /> one ar mor�of the a�tians set farth abo�e in this 5ectian 4.
<br /> Lender may require Sorrower to pay a one-��me charge far a r�al esta#e tax �eri�icatinn andlor
<br /> report�ng service used �y Lender in conne�tEon with this Loan.
<br /> 5. Praperty Insurance.Borrower shall k�ep the impro�ements now existing or her�aft�r er�ct�d on
<br /> the Proper�y�nsured against ioss by fire, hazar�s in��uded within th�term"extended co�erage,"and any
<br /> other hazards including, but nvt Eimit�d to,earthquakes and floods,for whi�h Lender requires�nsurance.
<br /> This�nsu�anc�sha�� be maintained in the amounts �including deduGtible ievels}and for the periods that
<br /> Lender requires. What L�nder requires pursuant #o the preceding s�nt�nces can change during the
<br /> term af the Loan. The insurance carrier praviding the insurance shall b�chosen by Borrower subject to
<br /> Lend�r's right to disappro�e Barrawer's choice,which right shall n��be ex�rcised unreasonably. Lender
<br /> may requir� Borrovuer to pay, in connection with this Loan, either: 4a} a one-time charge for fiofld zon�
<br /> d�t�rmination, certificat�on and tracking services; or��}a one-time charge for flood z�ne d�termination
<br /> and certificati�n s�rvices and subs�quent charges each time remappings or sim�lar changes occur which
<br /> reasonably might affect such determination or certification. Barrower shali a�so be responsible for the
<br /> payment of any fee� impvsed by the Federa! Emergency Manag�ment Agency �n connect�on with �he
<br /> review o�any fl�od zon� d�termination r�sulting from an objection by Bor�awer.
<br /> If Bvrrower fails �o maintain any v�the c�verages descri�ed abo��, Lender may obtain insuranc�
<br /> co�erage, at Lender's option and Borrawe�'s exp�ns�. Lender is under no abligativn to purchase any
<br /> par#icular type ar amount of co�erage.Therefore, such�o��ra�e shall co�er Lender, �ut m�ght ar might
<br /> nvt protect Borrower, Borrower's�quity in the Property, ar the cantents of#he Prv�erty, against any risk,
<br /> hazard or liability and might pro�ide great�r�r iesser coverage than was pre�iously rn eff�ct. Borrawer
<br /> ackn�►nrledges that th��ost of the insurance coverage sa obtained might significantly exceed the cost
<br />; of insurance that Sorrower could have obtained.Any amounts d+sbursed by Lender unde�this S�ction
<br /> 5 shall become additional de�t of Borrvwer secu�ed by this Securi�y Instrument. Thes� amounts shall
<br /> �ear inter�st at the Note rate from the date of drsbursement and shal# be payable, with such interest,
<br /> upon notice from Lender to Borrvwer requesting payment.
<br /> A�I insurance policies r�quired by L�nder and renewals of such policies shall b�su��ect to Lender's �
<br />� right t�disapprove such pofi�ies, shall includ�a standard mortgage clause, and shal! name Lender as
<br /> mo�kgageeandlorasan additional�oss paye�.Lend��shal!ha��the rightto hald the polictes and renewal
<br />, �ertificates. If Lender requires, Bor�awer shall pramptly gi�e��Lender all re�eipts af paid premiums and
<br />� renewal notices. !f Borrower vbtains any form o�insuran�e coverage, not otherwise required by Lender,
<br /> �or damage to, or destruction of,the Pro�erty, such policy shall inc�ude a standard mortgage clause and
<br /> shall name Lender as mortgagee andlor�as an additional Ioss payee.
<br /> In#he e�ent of loss, Borrnwer shall gi�e prompt noti�e to the insuran�e carri�r and Lender. Lender
<br /> may mak�proaf of loss if not made promptly by Borrowe�. Un�ess Lender and Bnrrower otherwise agree
<br />� in writing, any insurance pro�eeds, whether or not the underlying insurance was required by Lender,
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<br />� sha�l be applied tv restoration or repairaf�he Prop�rty, if the restoration or repai�is ec�namicallyfeasible
<br /> and Lender's security is n�t l�ssened. During such repair and restoration perio�, Lender shall ha�e�h�
<br /> right to hold such insurance pro�eeds until L�nder has had an o��ortunity to inspect such Property ta
<br /> ensure the wvrk has be�n compl�ted to Lender's satisfa�tion, provided that such ins�ection shali be
<br /> undertaken promptiy. Lende�may dis�urse proceeds for#he repairs and restoration in a single paym�nt
<br />� or in a serEes ofprogress payments as the work is�omplet�d. Unless an agreemen�is made in writing or
<br /> Applrcab��Law requ�res interest to be paid on such insurance proceeds, Lender shall not be required to
<br /> pay Borrawer any interest o�earnings on such pro�eeds. Fees far public adjusters, ar other third parties,
<br />, r�ta�n�d �y Sorr�wer sha�l not be pa�d aut af the insurance proceeds and shatl be the sole obligatEan of
<br />; Borrowe�. If the�est��ation or repair�s not�conomica�fy f�asibie or Lender's secu�ity would be lessened,
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<br />� the insurance proceeds shail be ap�lied �v the sums secured by this Security Instrument, whether or
<br /> no#then due,with the excess, if any, paid#o Borrow�r. Such insuran�e prviceeds shal� be applied in the
<br />; order pr��ided far in Secrion �.
<br />' �f Borrower abandons the Property, L�nder may fil�, negotiat� and settle any a�ailabi� insuranc�
<br />' Glaim and related matters. If B�rrow�r does not respond within 34 days�v a notice from Lender that the
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<br />� insurance carrier has affer�d to settle a claim, then Lender may negotiate and sett�e th�cfaim. The 3�-
<br />� day period wi!! begin wh�n the notic� is g��en. In ei�her e�ent, or if Lender acquires the Property und�r
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<br /> NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIF�RM INSTRUMENT Form 3�28 1JD'�
<br /> Ellie Mae,Inc. Page 5 of 11 NEEDEED �315
<br /> NEEDEED�CLS}
<br /> �811912D1fi 12:25 PM P5T
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