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<br />200701002
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<br />unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien In a manner
<br />acceptable to Lender, but only so long as BOTTower is performing such agreement (h) LOO!ltests the lien in
<br />good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion
<br />operate to prevent the enl<Jreernent or the lien while those proceedings arc pending, but only until such
<br />proceedings are concluded~ or (c) secures from the holder of the lien an agreement satisfactoty to Lender
<br />subordinating the lien to this Security Instmmenl. If Lender dct.ermmes that any part of the Property is
<br />subject to a lien 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, Horrower shall
<br />satisfy the Iicn or take one or more of the actions sct forth above in this Section 4.
<br />Lender may require Bonower to pav a one-time charge for a real estate tax verification and/or
<br />reporting service used by Lender 1Il connection with this Loan,
<br />5. Propcrty Insurant'c. Bonower shall keep the improvements now existing or hereafter
<br />erected on the Property insured against loss by fire, hazards included within the tel111 "extended
<br />coverage," and any other luvards including, but not limited to, earthlluakes and t1oods, f<)r which I,endcr
<br />requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and
<br />tor thc periods that Lender requires, What Lcnder requircs pursuant to the preceding sentences can
<br />change during the tel111 of the Loan. The insurance eanier providing the insurance shall be chosen by
<br />Bonower subject to Lender's right to disapprove Bom)\\ier's choice, which right shall not be exercised
<br />unreasonably Lender may require Bonower to pay, in cOlU1ection with this Loan, either: (a) a one-time
<br />chargc for flood /onc dctermmation, certification and tracking services; or (ll) a one-time charge for llood
<br />zone determination and certification services and subsequent charges each time remappings or similar
<br />changes occur which reasonably might affect such detcrminatJOn or celiification. BOTTower shall also be
<br />rcsponsible for the paymcnt of any fees imposed by the Pederal Emcrgency Management Agency in
<br />eOlmection with the review of any tlood zone determination resulting from an objection by Horrower.
<br />If BOTTower fails to mamtain any of the coverages described above, I ,ender may ohtain insurance
<br />coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any
<br />particular type or amomlt of coverage, Therefixe, such coverage shall cover Lender, but mIght or Illlght
<br />not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk,
<br />hazard or liability and might provide greater or lesser coverage than was previously in effect Borrower
<br />acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of
<br />insurunee thut ROTTower could huve obtained. Any amounts dishursed by Lender under this Section 5
<br />shall become additional debt of Borrower secured by this Security Instnmlcnt. Thesc amounts sball bear
<br />interest at the Note rate from the date of disbursement and slmll be payable, with such interest, upon
<br />notice from Lender to Bonower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to
<br />Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name
<br />Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies
<br />and renewal certifiLOates, If Lender requires, Bon'ower shall promptly give to Lender all receipts of raid
<br />premiums and renewal notices. If Ronower obtains any f<mTl of insurance coverage, not otherwise
<br />required by Lemler, for dumage to, or destlllelloll oL the Property, such policy shall include a standard
<br />mortgage clause and shall name I ,ender as mortgagee and/or as an additional loss payee,
<br />In the event of loss, BO!Tower shall give prompt notice to the insmanee carrier and Lender.
<br />I,ender may make proof of loss if not made promptly by Borrower. Unless I,ender and Borrower
<br />otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required
<br />by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is
<br />economically feasible and Lcnder's security is not lessened. During such repair and restoration period,
<br />Lender shall hflve the right to hold such ll1suranee proceeds until Lender has had an opportunity to inspect
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<br />NEBRASKA - Single Family - Fannie !Vlae/h.ddi. Mae F"IFORM llIOSTRlJME/I;T WITH MERS
<br />VMP-6A(NE)(0407).Ol Page 6 of 16
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<br />Fun" 30211 1/01
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<br />In;l;ak.tf.1 Ii5:8
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