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2� 17��41 �
<br /> ' ' L�AN#: '1 fi�'f 17073
<br /> or ground rents on the Property, i�any, and Community Asso�iation Dues, Fees, and Assessmen#s, if
<br /> any. To the extent that these items are Escrow Items, Borrower shaEl pay them in the manner pro�ided
<br /> in SeCtion 3.
<br /> Barrower shalf promptly discharg�any lien which has priority o�er this Security instrument unless
<br /> Bnrrower:�a}agrees in wr�ting to the payment of the obligativn secured by the li�n in a manner acceptable
<br /> to Lender, but anly so Iong as Borro►n►er is performing such agreement; �b}contests#he lien in good faith
<br /> by,or defends aga�nst enforcement of the lien in,legal proceedings which in Lender's apinivn operate to
<br /> pre�ent the enforcement of the lien vr►hil�those proceedings are pending,�ut oniy unti�such proceedings
<br /> are concluded;or��}secures from the holder of the li�n an agreement satisfactary to Lender subordinating
<br /> the lien ta th�s Security Instrument. If Lend�r dete�mines that any�art of the Property is subject to a lien
<br /> which can attain priori#y o�er this Security Instrument, Lender may gi�e Borrower a nvtice identifying
<br /> the lien. Within 14�ays of the date on which that notice is gi�en, 8orrower shall satisfy fhe iien or take
<br /> one or mor�of the actions set forth abo�e in this S�ction 4.
<br /> Lendsr may require Borrowe� to pay a one-time �harge for a real esta#e tax �erificatian andlor
<br /> �eporting service used by Lender in Gonnection with this Loan.
<br /> 5. Praperty insurance.Bnrrower sha�!keep fhe impro��ments now exist�ng or hereaft�r erected on
<br /> the Prvperty insur�d against�oss by fire, hazards in�luded within the term"extended cov�rage,"and any
<br /> other hazards including,�ut not limited to,earthquakes and flo�ds,for which Lender requires insurance.
<br /> This insurance shall be maintained in the amaunts�in�luding deductibie I��els}and for the periods that
<br /> Lender requires. What Lend�r requ�res pursuant ta the preceding s�ntences can change during the
<br /> term of�he Lvan.The insurance carrier pra�iding the insurance shall be chosen by Ba�rower suhject to
<br /> Lender's right to disappro�e Borrower's choice,which right shall not�e exercised unreasonably.Lender
<br /> may require Borrower to pay, in connection with this Loan, either: �a} a one-time charge for flood z�ne
<br /> determination,certi�cation and tracking ser��ces; vr�b}a one-time charge for flood zone det�rmination
<br /> and��rtifi�ation ser�ices and subs�quent�harges each time remappings vr simi�ar changes occur which
<br /> reasonably migh#affe�f su�h determination or certification. �orrower shall also be responsih�e for the
<br /> payment af any fees imposed by the Federal Em�rgency Management Agency in connectinn with the
<br /> re�iew of any flood zone determinat�on resulting from an ab�eGtion by Borrower.
<br /> If 8orrower fails ta maintain any of the co�erages descri�ed above, Lender may abtain insurance
<br /> co�erage, a# Lender's aption and Bo�rower's expense. Lender is under no ob[igation to purchase any
<br /> parti�ular type or amount of co�erage.Therefore, such�o�erage shall ca�e�Lend�r, but mEght or might
<br /> not protect Borrower, Borr�wer's equity in the Property,or the contents of the Prop�rty,against any risk,
<br /> hazard or liability and might�ro�ide greater or iesser co�erage than was�reviously in effect. Barrower
<br /> acknowledges that the cost of the insurance co�erage so obtain�d might s�gn�ficantly exceed the cost
<br /> of insurance that Bvrrvwer coufd ha�e obtained.Any amounts disbursed by Lender under#his Section
<br /> 5 shall become additional debt of Borrower secured by this 5ecurity Instrumen#. These amoun#s shal�
<br /> bear interes�at the Note rate from the da�e of disbursement and shall b� payab�e, with such interest,
<br /> upon notice from Lender to 8arr�wer requesting payment.
<br /> All insurance policies required by Lender and renewals of such policies shall be subject to Lende�'s
<br /> right to disappro�e such palicies, shali in�lude a standard mortgage ciaus�, and shall name Lender as
<br /> mortgagee andlar as an additional Ioss payee.Lender shall ha�e the right to hald the policies and renewal
<br /> certificates. If Lender requires, Borrower shall promptly gi�e to Lender al!receipts af paid premiums and
<br /> renewal notices. If Borrower abtains any fo�m of insuranc��a�erage, no#oth�nn�is�r�quired by Lender,
<br /> for damage to,or destructian of,the Property,such po�icy shall inc�ude a standard mortgage clause and
<br /> shall name Lender as mortgage�andlor as an additiona� Ioss payee.
<br /> In the e�ent vf�vss, Barrower shall gi�e prompt notice ta the insurance carrier and Lender. Lend�r
<br /> may make proof of loss if not made promptly by Borrower. lJnless Lender and Sorrower ath�rwise agree
<br /> in writing, any insurance pr�ceeds, whether ar not the und�rlying 'rnsurance was required by Lender,
<br /> shali be appli�d to restoration or repairof the Property,if th�restoration or repair is�conomicaily feasible
<br /> and Lender's security is not lessened. Dur�ng such repair and restoration period, Lender shall have#he
<br /> right to hold such insurance �roceeds until Lender has had an vpportun�ty to inspect such Prvperty ta
<br /> ensur�the work has heen comp�eted to Lende�'s satisfaction, pra�ided that such inspect�on shall be
<br /> undertaken promptEy. Lender may disburse praceeds for the repairs and restoration in a single payment
<br /> or in a ser�es of pr�gress payments as the work is completed. Unless an agreem�nt is made in wr'rting or
<br /> Applicable Law requires interesf ta be paid on su�h insurancs proceeds, Lender shall not be required to
<br /> pay Borr�wer any interest or earnings on such proceeds. Fees for publi�adjusters,or ather third parties,
<br /> retained by Borrower shal! not be paid aut of the insurance proceeds and shall be fhe soie ob�igat�on of
<br /> Borrawer.If the restoration or repair is not ecvnomically feasib�e or Lender's security vr►ould be lessened,
<br /> th� insurance p�-oceeds shali 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 insuran�e proceeds shall be applied in the
<br /> arder pro�ided for in Section�.
<br /> If Borrower aband�ns the P�oper#y, Lender may file, negotiate and settle any available insurance
<br /> c�aim and related matters. If Borrower does not respond withtn 3�days ta a no#i�e from Lender�hat the
<br /> insurance ca�rier has offered to settle a claim,then Lender may n�gotiate and settfe the�laim.The 3�-
<br /> day periad will begin when the notice is gi�en. In either��ent, or if Lender acquires the Pr y
<br /> tn�tial •
<br /> NEgRASKA--Single Family--Fannie MaelFreddie Nlac UNiFQRNI INSTR�MENT Fvrm 3�Z8 11��
<br /> Ellie Mae,In�. Page �of 11 NEEDEED 03�5
<br /> NEEDEED�CLS}
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