|
200205522
<br />The Funds shall be held is an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal [lame Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lcndcr
<br />shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br />such a charge. Unless an agreement is mark in writing or Applicable Law requires interest to be paid on the Funds,
<br />Lender shall not be required to pay Borrower any interest or earnings on Be- Funds. Borrower and Lender can agree
<br />in writing, however, that interest .shall be paid on the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defmcd under RESPA, Lender shall account to Borrower for
<br />the excess funds in amtrdwice with RESPA- If there is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up Bn shortage in accordance with RESPA, but in no more than 12 monthly payments_ If there is a deficiency of
<br />Funds held in escrow, as defined under RESPA, tender shall notify Borrower as required by RESPA, and Borrower
<br />shall pay to Lender the amount necessary to make up the deficiency in ecconlamx with RESPA, but in no more than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable
<br />to the Properly which can attain priority over this Security instrument, leasehold payments or ground rents on the
<br />Property, if any, and Community Association Dues, tees, and Assessments, if any. To the extent that these items
<br />are Escrow Items, Borrower shall pay than in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which bas priority over this Security Instrument unless Borrower'
<br />(a) agrees in writing to the payment of the obligation scoured by the lien in a manner acceptable to Lender, but only
<br />so long as Borrower is perforating such agreement; (b) contests the lien in good faith by, or defends against
<br />en fm cement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the list]
<br />while those proceedings are pending, but only until such procctidings arc concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument, If Lcuder
<br />determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br />Lender may give Borrower a notice identifying the lien_ Within 10 days of the dale on which that notice is given,
<br />Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4.
<br />Lender Tilly require Borrower to pay a one-time charge for a real estate tax verification and /or reporting service
<br />used by Lender in cone ien with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against Toss by fire, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes and floods, for which Lender requires insurance- This insurance shall be
<br />mairwited in the amounts (including deduclihlc levels) and for the periods that Lender requires_ What Lender
<br />requires pursuatuto the prcncding sentences can change during the term of the Loan. The insurance carrier providing
<br />the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall
<br />not be exercised unernete ably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-
<br />time charge for flood zone determination, certification and tracking services; or (b) a one -time charge for flood zone
<br />determination and certification services and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect salt determination or certification. Borrower shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />determination reaulling from e-1 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 Borrower's expense- Lender is under no obligation to purchase any particular type. or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide go,der
<br />or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so
<br />obtained might significantly exceed the cost of insurance that Borrower could have obtained- Any amounts disbursed
<br />NEBRASKA Single Fenfdy— Fannie Mae /Fretldle Mac UNIFORM INSTRUMENT - MERE 0alummic P3s*nm= euo-cas
<br />Fenn 3028 1 /01 Page r, re 13 cow w_docmagic -cent
<br />Noma.,,¢u 1111111111111111111 II II 111111111111111111 II 11111111111111111
<br />
|