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<br />200700927
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<br />If there is a surplus of Funds held in escrow, as defined under RESP A, Lender shall account to Borrower for the excess
<br />funds in accordance with RESPA. Ifthere is a shortage of Funds:heldin escrow, as defmed under RESPA, Lender shall notify
<br />Borrower as required by RESP A, and Borrower' shall pay ,to Lender the amount necessary to make up the shortage in
<br />accordance with RESP A, but in no more than 12 monthly payin~rits, Ifthere is a deficiency of Funds held in escrow, as defined
<br />under RESP A, Lender shall notify Borrower as required by RESP A;:and Borrower shall pay to Lender the amount necessary to
<br />make up the deficiency in accordance with RESP A, but in no iniore than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. 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 Property, if any,
<br />and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower
<br />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) agrees in
<br />writing to the payment of the obligation secured by the li~p i~ ,a,~aJlner acceptable to Lender, but only so long as Borrower is
<br />performing such agreement; (b) contests the lien'ih,~odfa'~hby,ordefends against enforcement of the lien in, legal proceedings
<br />which in Lender's opinion operate to prevent the enforcementofthe lien while those proceedings are pending, but only until such
<br />proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br />this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this
<br />Security Instrument, Lender may give Borrower a notice identifying the lien. Witilln 10 days of the date on which that notice is
<br />given, 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 used by
<br />Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the te~"ex,t~nded coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender reql1i~e,~py;~ralJce. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods thatiIr.(:M~T:'~~quir,es. What Lender requires pursuant to the preceding
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<br />sentences can change during the term of the Loan;:,TPe i~sttr~~c;epa1Tier providing the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower'~ choice, whichdght shall not be exercised unreasonably. Lender may require
<br />Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and
<br />tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each
<br />time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall
<br />also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with
<br />the review of any flood zone determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's
<br />option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage.
<br />Therefore, such coverage shall cover Lender, but might orrnight ~ot protect Borrower, Borrower's equity in the Property, or
<br />the contents of the Property, against any risk~,hMllJ'd,d~iiabihty:.and might provide greater or lesser coverage than was
<br />previously in effect. Borrower acknow1edgesth~ith~,cost':?f,~I4e,iti~~r,lmce coverage so obtained might significantly exceed the
<br />cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become
<br />additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the
<br />date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />An insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove
<br />such policies, shall include a standard mortgage clause, and shan name Lender as mortgagee and/or as an additional loss payee.
<br />Lender shan have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to
<br />Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise
<br />required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and
<br />shall name Lender as mortgagee and/or as an additionallosspayec',:",
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<br />In the event of loss, Borrower shan give prompt noticet~."th~, insurance carrier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless l.)ender',~~~9h:~~er otherwise agree in writing, any insurance proceeds,
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<br />whether or not the underlying insurance was required by Lent;ler,shaUbe applied to restoration or repair of the Property, if the
<br />restoration or repair is economically feasible and'Lend6r's security is not lessened. During such repair and restoration period,
<br />Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to
<br />ensure the work has been completed to Lender's satisfaction, provided that such inspection shan be undertaken promptly.
<br />Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the
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<br />NEBRASKA-Singlo family-Fannie Mac/Freddie Mac UNIFORM INSTRUMENT
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<br />Iiorm 3028 1/01
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<br />ITEM 2698L5 (0308}-MERS
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<br />(Page 5 of /2 pages)
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<br />GreatDocs T~
<br />To Order Call: 1-800-968-5775
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