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<br />the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the
<br />sums secured by this Security Instrument.
<br />4. Charges; Liens. Borrower shall perform all of Borrower's obligations under any mortgage, deed of trust, or other
<br />security agreement with a lien which has priority over this Security Instrument. Borrower shall pay when due, all taxes,
<br />assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument,
<br />leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any.
<br />To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien other than a lien disclosed to Lender in Borrower's application or in any title
<br />report Lender obtained which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment
<br />of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such
<br />agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in
<br />Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such
<br />proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien
<br />to this Security Instrument.
<br />Lender may require Borrower to pay a one -time charge for a real estate tax verification and/or reporting service used by
<br />Lender in connection with this Loan if allowed under Applicable Law.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require
<br />Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone determination, certification and
<br />tracking services; or (b) a one -time charge for flood zone determination and certification services and subsequent charges each
<br />time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall
<br />also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with
<br />the review of any flood zone determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's
<br />option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage.
<br />Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or
<br />the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was
<br />previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the
<br />cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5, shall be added to
<br />the unpaid balance of the loan and interest shall accrue at the Note rate, from the time it was added to the unpaid balance until
<br />it is paid in full.
<br />Subject to Applicable Law, all insurance policies required by Lender and renewals of such policies shall be subject to
<br />Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee
<br />and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of
<br />insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include
<br />a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the
<br />restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period,
<br />Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to
<br />ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly.
<br />Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the
<br />work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance
<br />proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or
<br />other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of
<br />Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance
<br />proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />NEBRASKA DEED OF TRUST — Single Family— Secondary Lien
<br />THE COMPLIANCE SOURCE, INC. © GREATLAND ■
<br />ITEM 86271_5 (0304} --MERS (Page 5 of 11 pages) To Oder Call: 1- 800 - 530 -9393 ❑ Fix 616 -791 -1131
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