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200301241
<br />If there is a surplus of Foods held in escrow, as defined under PESPA. Lender shall account t4 Borrower for the
<br />excess funds a accordance with RESPA. If there Is a shortage of Funds held In escrow, as defined under RESPA, Lender
<br />shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage
<br />In accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held jr escrow, as
<br />de(Inad under RESPA, Lentler shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount
<br />necessary to make up the deficiency in accordance with RESPA, but o no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender
<br />4. Charges; Liens. Borrower shall pay all texas, assessments, charges, fares, and impositions attributable to
<br />the Property which can often priority over this Security Instrument, leasehold payments or ground rents on the Property, it
<br />any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items we Escrow Items,
<br />Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borroer (a)
<br />agrees In writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but on w
<br />ly so long as
<br />Borrower is performing such agreement; (b) contests the lien N good faith by, or defends against enforcement of the lien in,
<br />ocal proceedings which in Lender's opinion operate to prevent the enforcement a( the ten while those proceedings are
<br />pending, but only until such proceedings are concluded; or (a) secures from the holder of the lien an agreement satisfactory
<br />to Lender subordinating the lien to this Security Instrument. It Lender mournines that any pad of the Property, is subject to a
<br />lien which can attain priority over this Securely Instrument, Lender may give Borrower a notice identifying the lien. Within 10
<br />days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth
<br />above in this Section 4.
<br />Leader may require Borrower to pay a onadime charge for a real estate tax verification andlor reporting service
<br />used by Lender N connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or horsehair erected on the
<br />Property Insured against loss by lire, hazards included within the term "extended coverage." and any other hazards Including,
<br />but not limited to, earthquakes and floods, for whkh Lender requires Insurance. This insurance shall be maintained in are
<br />amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the
<br />preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen
<br />by Borrower subject to Landers right to disapprove Borrower's choke, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with this Loan, either: (a) a ons -time charge for flood zone determination,
<br />certification and tracking services; or (b) a one -lime charge for flood zone dateanchation and certification services and
<br />subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or
<br />certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management
<br />Agency in connection with the review of any flood zone determination baseball from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain Insurance coverage, at
<br />Lender's option and Borrowers expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverege shall cover Lender, but might or might not protect Borrower, Borrowers equity in the
<br />Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than
<br />was previously in effect Borrower acknowledges that the cost of the Insurance coverage so obtained might significantly
<br />exceed the cast of insurance that Borrower could have obtained. Any amounts disbursed by Lentler under this Section 5
<br />shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note
<br />rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />All insurance policies required by Lender and renewals of such polices shell be subject to Lentlers right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee andlor as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. It Lentler requires, Borrower
<br />shall promptly give to Lender ail receipts of paid premums and renewal notices. It Borrower obtains any form of insurance
<br />coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall Include a
<br />standard mortgage clause and shall name Lender es mortgagee anclor 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
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree In writing, any Insurance
<br />proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the
<br />Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and
<br />restoration period, Lender shall have the right to hold such Insurance proceeds until Lender has had an opportunity to inspect
<br />such Property to ensure the work has been completed to Lenders satisfaction, provided that such inspection shall be
<br />undertaken promptly. Lender may disburse proceeds for the repairs and restoration In a single payment or N a series of
<br />Progress payments as the work is completed. Unless an agreement is made N writing or Applicable Law requites interest to
<br />be paid on such insurance praceetls. Lender shall not be required to pay Borrower any Interest or comings an such
<br />proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance
<br />proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lenders
<br />security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether
<br />or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied In the order provided
<br />for in Section 2.
<br />If Burrower abandons the Property, Lender may file, negomm and settle any available insurance corm and related
<br />matters. It Borrower does not respond within W days to a notice tram Lender that the insurance carrier has offered to settle
<br />a claim, then Lender may negotiate and settle the claim. The 30 -day period will begin when the notice is given. In either
<br />event, or 9 Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's
<br />rights to any insurance proceeds in an amount net to exceed the amounts unpaid under the Note or this Securely Instrument,
<br />and (b) any other of eonower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all
<br />insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lentler may
<br />use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security
<br />Instrument, whether or not then due.
<br />NEBRASKA -snei< F.ri Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 30 01 ( se V
<br />FlesesLMa (11M.)
<br />15 7499 7
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