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<br />200608497
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<br />The Funds shall be held in 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 Home Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<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 made 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 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 Funds as required by RESPA.
<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 accordance with RESPA. If there Is a shortage of Funds held In escrow, as defmed onder RESPA,
<br />Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make
<br />up the shortage In accordance 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 RESP A, Lender shall notify Borrower as required by RESP A, and Borrower
<br />shall pay to Lender the 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 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 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 shaII 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:
<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 isperfonning 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 (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br />detennines that any part of the Property is sui!ject to a lien which can attain priority over this Security Instnnnent,
<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 />Lender 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 term "extended coverage." and any other hazards
<br />Inclnding. but not limited to, 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 Lender
<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 ODe-
<br />time charge for flood 7.one detennlnation. certification and tracking services; or (b) a one-time charge for flood zone
<br />detennlnation and certification services and subsequent charges each time remapplngs or similar changes occur which
<br />reasonably might affect such detennination 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 />detennlnation resulting 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
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equtty In the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater
<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 />by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument, These
<br />amounts shall bear Interest at the Note rate from 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 Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requlres,
<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 />polley shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event 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 proceeds, whether or not the underlying Insurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, If the restoration or repair ts economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such Insurance proceeds until Lender
<br />has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction,
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<br />NEBRASKA--Single Famlly--Fannle MeelFreddle Mac UNIFORM INSTRUMENT. MERS
<br />Form 302B 1101 Page 4 of 10
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<br />Do~III8pI~~ 8()0.849.7362
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