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200603338 Borrower intcrcst on thc Funds and Applicable Law pcnnits Lcndcr to make such a charge. Unless an agreemcnt is made in writing or Applicable Law requires interest to bc paid on the Funds, Lender shall not be required to pay Borrower any interest or carnings on the Funds. Borrower and Lcndcr can agree in writing, however, that interest shall be paid on the Funds. Lcndcr shall give to BOlTower, without charge, an annual accounting of the Funds as required by RESP A. I f there is a surplus of Funds held in escrow, as defined under RESP A, Lendcr shall account to Borrowcr for the excess funds in accordancc with RESPA. If there is a shortagc of Funds held in escrow, as defined under RESPA, Lcnder shall notify Borrower as required by RESPA, and Borrower shall pay to Lcnder the amount ncccssary to make up the shortagc iu accordancc with RESPA, but in no more than 12 monthly payments. If there is a deficicncy of Funds held in escrow, as defined undcr RESPA, Lender shall notify Borrower as required by RESPA, aud Borrower shall pay to Lender the amount nccessary to make up the deficicncy in accordance with RESP A, but in no more than 12 monthly payments. Upon paymcnt iu full of all sums securcd by this Security Instrument, Lcnder shall promptly refund to BOITower any Funds held by Lcndcr. 4. Charges; Liens. Borrowcr shall pay all taxes, assessmcnts, charges, fines, and impositions attributablc to thc Property which can attain priority over this Security Instrument, leasehold payments or ground rents on thc Property, if any, and Community Association Dues, Fees, and Asscssmcnts, if any. To the extent that these items arc Escrow Items, Borrowcr shall pay thcm in the manner provided in Section 3. Borrower shall promptly discharge any licn which has priority over this Sccurity Instrument unless Borrower: (a) agrccs in writing to the paymcnt of the obligation securcd by the lien in a manncr acceptable to Lendcr, but only so long as Borrower is pcrforming such agreemcnt; (b) contests the lien in good faith by, or defends against enforcement of thc licn in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the licn while those procecdings are pending, but only nntil such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lcndcr subordinating the lien to this Security Instrumcnt. If Lcnder determincs that any part of thc Propcrty is subject to a lien which can attain priority ovcr this Sccurity Instrument, Lcndcr may give Borrowcr a notice identifying the lien Within 10 days of the datc on which that noticc is given, BOlTower shall satisfy the lien or take one or more of thc actions set forth above in this Scction 4. Lendcr may require Borrowcr to pay a one-time chargc for a rcal estate tax vcrification and/or rcporting service used by Lender in conncction with this Loan. 5. Property Insurance. Borrower shall keep thc improvements now existing or hereafter crected on the Propcrty insurcd against loss by fire, hazards included within the tcrm "extended coverage," and any othcr hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for thc periods that Lender rcquires. What Lender requires pursuant to the preceding scntences can changc during the term of thc Loan. The insurance carrier providing the insurance shall be choscn by Borrower subjcct to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may requirc Borrower to pay, in connection with this Loan, either: (a) a one-time charge for nood zone dctcrmination, ccrtification and tracking services; or (b) a onc-time charge for flood zone determination and certification scrvices and subscqucnt charges each time remappings or similar changes occur which reasonably might affect such dctcrmination or certification. Borrower shall also be responsible for the payrncnt of any fees imposed by the Fcdcral Emergency Managcment Agcncy in connection with the review of any flood zone determination resulting from an objcction by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expcnse. Lender is under no obligation to purchase any particular type or amount of coverage. Thercf'orc, such coverage shall cover Lender, but might or might not protect BOlTower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrowcr could have obtaincd. Any amounts disbursed by Lender under this Section 5 shall becomc additional dcbt of Borrower sccured by this Security Instrument. Thcse amounts shall bear interest at the Note rate from the date of disburscment and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies rcquired by Lendcr and renewals of such policies shall be subject to Lender's right to disapprove such policics, shall includc a standard mortgage clause, and shall narne Lender as mortgagee and/or as an additional loss payee. Lcndcr shall have the right to hold the policies and renewal certificates. If Lender requires, BOlTower shall promptly give to Lendcr all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurancc coverage, not otherwise required by Lender, for damage to, or destruction of, thc Property, such policy shall include a standard mortgage c1ausc and shall name Lendcr as mortgagec and/or as an additional loss payee. ITEM 2698L5 (001 1l-MERS (Page 5 (~112 pages) Form 30281/01 GREATLAND. To Order Call: 1-800-530-9393 I-I fax: 616-791-1131 NEBRASKA-Single Ffllnily--Fannle Mac/Frcddic Mac UNIFORM INSTRllMENT