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<br />200511716
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<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 made in writing or Applicable Law requires interest to be paid on the Foods,
<br />Lender shall not be required to pay Borrower any interest or earnings on the 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 F wlds as required by RESP A.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess funds in accordanec with RESP A. If there is a shortage of Funds held in escrow, as defined under RESP A,
<br />Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make
<br />up thc shortagc in accordanec with RESP A, but in no more than 12 monthly payments. If there is a deficiency of
<br />Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br />shall pay to Lender thc amount necessary to make up the deficiency in accordance with RESP A, but in no more than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrunlent, Lender shall promptly refillld to Borrower
<br />any Funds held by Lender.
<br />4. Chargcs; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the
<br />Property, if any, and Community Association Dues, Fees, 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 />Borrower shall promptly discharge any lien which has priority over this Security Instrwnent unless Borrowcr:
<br />(a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only
<br />so long as Borrower is performing such agreement; (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 are concluded; or (e) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrwncnt. If Lender
<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 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 Section 4.
<br />Lcnder may rcquire 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 tenn "extended coverage," and any other hazards
<br />including, but 110t limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be
<br />maintained in the amooots (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during thc 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 7.one detennination, 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 such determination or certification. Borrower shall also be responsible for thc payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with the rcview of any Oood zone
<br />determination resulting from an objection by Borrower.
<br />[fBorrowcr 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 wlder no obligation to purchase any particular type or anloilllt
<br />of covcrage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents ofthe Property, against any risk, hazard or liability and might providc greatcr
<br />or lesser coverage than was previously in cffect. Borrower acknowledgcs that the cost of the insurance coverage so
<br />obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amoilllts disbursed
<br />by Lender undcr this Section 5 shall bccomc additional dcbt of Borrowcr securcd by this Security Instrwncnt. Thesc
<br />amounts shall bear intcrcst at the Note rate from tlle date of disbursement and shall be payable, with sueh 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 sueh policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold thc policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid prClllitUns 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 namc Lender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the insuranec carrier and Lender. Lender may makc
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance proceeds, whether or not thc underlying insurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have tlle right to hold such insurance proceeds tUltil Lender
<br />has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction,
<br />provided that such inspection shall be undertaken promptly. Lender 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 agrecment
<br />is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br />required to pay Borrower any interest or eanlings on such proceeds. Fecs for public adjusters, or other third parties,
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<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFrnv1 INSTRUM8'JT - MffiS
<br />Form 3028 1/01 Page 4 of 1 0
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<br />DocMagic;; e.!tiiJJfJfJiJ<fJ 800--649--1362
<br />www.c:iocrnagc.com
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<br />No3028.nvd 4. km
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