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200208418
<br />Properly, if any, and Community Association Dues, Fres, and Assessments, if any. To the extent that these items
<br />are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Burrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:
<br />(a) agrees in writing to the payment of the obligation secured by [lie lien in a manner acceptable to Lender, but only
<br />so long as Borrower is performing such agreemum; (b) contests the lien in good faith by, or defends against
<br />enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such proceedings arc concluded; or (e) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br />determines Wilt 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 date 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 Suction 4.
<br />1 under may require Borrower to pay a one time charge for a real estate tax verification and /or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the tern "extended coverage," and any other hazards
<br />including, but not limited [o, earthquakes and floods, for which Lender requires insurance. This insurance shall be
<br />maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Iunder
<br />requires pursuant to the preceding 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 unreasonably. Lender may require Borrower to pay, in connection with this Loan, either (a) a one-
<br />time charge for flood zone determination, curd fical ion and [racking services; or (b) a one -bore charge for flood zone
<br />determination and certification services and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of
<br />any fees imposed by the Fcleral Emergency Management Agency in connection with the review of any flood zone
<br />determination resulting from an objection by Borrower.
<br />If Borrower fails In 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 In purchase any particular type or anurmn
<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 liahilily and might provide greater
<br />or lesser coverage than was previously in effect. Borrower acknowledges that the cos[ of the insurance coverage so
<br />obtained might siguil'icadly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed
<br />by Lender under this Section 5 shall become additional debt of Bor'ower senurcd by this Security Instrument. These
<br />amounts shall bear interest at the Note rate front the date of disbursement and shall be payable, with such interest,
<br />upon notice from Lender to Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lendcr as mortgagee and /or as an
<br />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
<br />form of insurance coverage, not otherwise required by lender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall name Lender as mortgagee and /or as an additional loss
<br />payee.
<br />In the cvunt 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
<br />insurance prou eds, whether or not the underlying insurance was required by Lender, shall lie applied to restoration
<br />or repair of the Property, it the restoration or repair is cwnmirally feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such insurance procaxls until Lender
<br />has had an opportunity to inspcc[ such Property to ensure the work has been completed to Lender's satisfaction,
<br />provided that such inspection shall be undertaken promptly. Lunder may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement
<br />is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lendcr shall not be
<br />rcluircd to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties,
<br />NEBRASKA 1 Single Family Fannie MaalFrerltlie Mac UNIFORM INSTRUMENT DoeMap /c Qrx�susc doo-das -rasa
<br />Form 3028 1/01 Page 5 of 13 www. docma9iacom
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