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200316514 LOAN Ili 8250071561
<br />4. Charges; Llens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Properly,
<br />If any, and Community Association Dues, Fees, and Assessments, If any. To the extentthatthese Items are 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 Borrower: (a)
<br />agrees In writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long
<br />as Borrower is performing such agreement: (b) contests the lien in good faith by, or defends against enforcement of the
<br />lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those
<br />proceedings are pending, but only until such proceedings are concluded; or (c) secures tram the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part
<br />of the Property is subject to a Nan which can attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Within 10 days of the date on which that notice Is given, Borrower shall satisfy the Ben or take
<br />one or more of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one -time chargefora real estate tax verification and/or reporting service used
<br />by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now exerting or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards Including,
<br />but not limited to, earthquakes and floods, for which Lender requires Insurance. This insurance shall be maintained In
<br />the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to
<br />the preceding sentences can change during the term of the Loan. The insurance carrier providing the Insurance shall
<br />be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised
<br />unreasonably. Lender may require Borrower to pay, In connection with this Loan, either: (a) a one -time charge for flood
<br />zone determination, certification and tracking services; or (b) a one -time charge for flood zone determination and
<br />certification services and subsequent charges each time remappings or similar changes occur which reasonably might
<br />affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by
<br />the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting
<br />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 Borrower's expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover under, but might or might not protect Borrower, Borrower's equity in
<br />the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser
<br />coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained
<br />might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender
<br />under this Section 5 shall become additional debt of Borrower secured by this Security Instrument These amounts shall
<br />bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from
<br />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 Lender as mortgagee and /or as
<br />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
<br />of insurance coverage, nototherwise required by Lender, fordamage to, or destruction of, the Property, such policy shall
<br />Include 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
<br />of loss I 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
<br />the Property, ifthe restoration or repair is economically feasible and Lender's security is not lessened. During such repair
<br />and restoration period, Lender shall have the rightto hold such insurance proceeds until Lender has had an opportunity
<br />to Inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such Inspection
<br />shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in
<br />a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law
<br />requires Interest to be paid on such Insurance proceeds, Lender shall not be required to pay Borrower any Interest or
<br />earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out
<br />of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically
<br />feasible or Lender's security would be lessened, the Insurance proceeds shall be applied to the sums secured by this
<br />Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall
<br />be applied In the order provided for in Section 2.
<br />it Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to
<br />settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given.
<br />In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender
<br />(a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this
<br />Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums
<br />paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the
<br />coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay
<br />amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within
<br />60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />residence for at least one year after the date of occupancy, unless Lender otherwise agrees In writing, which consent
<br />shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste on the Properly. Whether or not
<br />Borrower is residing in the Property, Borrower shall maintain the Property In order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that rep ' or
<br />restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avpi¢)er_
<br />NEBRASKA- Single Family -Fannl* Mae/Frnddle Mac UNIFORM INSTRUMENT Form 30281/01 I nitials t C�/7 �i7
<br />® 1999-200.! Online Documents, Inc. Page 4 of 9 — NEUDEED
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