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<br />200706265
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<br />The Funds shall he held In an Institution whose depl"it~ are insured hy a federal agency, Instrumentality, or
<br />enlity (including Lender, If Lender Is an Ins'ltutlon whose deposits are so insured) or in any Federdl Home Loan
<br />Bank. Lender shall apply the Funds to pay Ibe Escrow Items nO later Iban Ibe time specifled under RESPA. Lender
<br />shall not charge Borrower fur holding and applying the Funds, annually analyzing the escrow acrount, or verifying
<br />Ibe 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 Applkable Law requires Interest to be paid on the Funds,
<br />Lender shall not be required to pay Borrower any Interest or earnings on 'he Funds. Borrower and Lender elln agree
<br />in writing, however, that Interest shall be paid on Ibe Funds. Lender shall give to Borrower, without charge, an
<br />allOual an;ountlng oflhe Funds as required hy RESP A.
<br />If Ibere is a surplus of Flmds held in escrow, as deflned under RESP A, 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 defined under 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 wllb RESPA, but In no more Iban 12 monthly payments. If there Is a deficiency of
<br />Funds held In escrow, as deflned under RESPA, Lender shall notllY Borrower as required by RESPA, and Borrower
<br />shall pay to Lender the amllunl ne"essary 10 make up the deficien<:y in a"eordan<:e with RESPA, hul. In no more than
<br />12 monthly payments.
<br />Upon payment in full of all s'Iuns se<:ured by this Seeurity Instrument, Ll'1lder shall promptly refund to Borrower
<br />any Funds held hy Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, flnes, and impositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or ground rent~ on thl'
<br />Property, If any, and Community Association Dues, Fees, and Assessments, if any. To the extent that thl'se items
<br />are Est:row Items, Burrowl'r shall pay thl'm In the manner proVided In Section 3.
<br />Borrower shall promptly discharge any lien which has priority over Ibis Security lnslrument. unless Burrower:
<br />(a) agrees in writing t.o the payment of the obliga,lun seeured by thl' lien in a manner acceptahle to Lender, bot only
<br />so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or dl'fl'nds against
<br />enforeement of the lien In, legal proceedings which In Lender's opinion operatl' to prevent the entorcement of the lien
<br />while those procl'edlngs are pl'ndlng, but only until su"h pruceedings are cuncluded; or (c) set;ures from 'he holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br />determines that any par' of the Property Is subjed '0 a lien whkh un attain priority over this Security Instrument,
<br />"I'nder may give Borrower a notk", identil'ying the 1i1'1l. Within 10 days of the date on whkh that notke 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 r....al estate tax vl'rifielltion andlor reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the Improvement~ now existing or hereafter erected on the
<br />Property Insurl'd against loss by firl', hazards induded within the term "extended wverage," and any other hazards
<br />indudlng, bUI no. limited to, earthquakes and floods, for whieh Lender requires insurance. this insurance shall be
<br />maintained in Ibe amounts (including deductible levels) and for the periods that Lender requires. What Lendl'r
<br />requires pursuant to Ibe preceding sentences can change during Ibe 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 wllb ibis Loan, either: (a) a one-
<br />time charge fur 1100d zone determination, l;ertlflr.alion and tracking servkes; or (b) a one-lime charge for flood 7.one
<br />determination and certlfl('.allon servkes and suhsequl'nt "harges each lime remapplngs or similar changes occUr whkh
<br />reasonahly might affect such determination or certification. Borrower shall also be responsible for Ibe payment of
<br />any fees Imposed by the Federal Emergency Managl'ment Agency in "onnectlon Witb the review of any flood 7.one
<br />determination resulting from an objection by Borrower.
<br />If Borrower falls '0 maintain any of the coverages described above, Lender may obtain insllrance coverage. at
<br />Lender's opUon and Borrower's expense. Lender Is under no ohligation to purcha", any particular 'ype or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or thl' contents of the Property, against any risk, ha7.ard or liability and mlgh' provide greater
<br />or lesser coverage than was prevluusly In effett. Borwwer aeknowledges thaI the illS' of the Insurance mverage so
<br />obtained might significantly exceed the cost of insurance .ha, Borrower r-<luld have obtained. Any amoont~ disbursed
<br />by Lender under this Section 5 shall become addiUunal debt of Borrower secured by Ibis Sl!Curity Instrument. These
<br />amount~ shall hear Interest at Ibe Note rate from the date of disbursement and shall be payable, with sueh in.erest.
<br />upon notice fmm Lendl'r 10 Borrowl'r requesllng payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove su"h policies, shalllndude a standard mortgage dause, and shall name bnder as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal "erllficates. If Lender requires,
<br />Borrower shall promptiy give to Lender all receipts of paid premiums and renewal notkes. If Borrower obtains any
<br />form of insuranel' wVl'ragl', nol othl!J"Wisl' required by Lender, for damage to, or destrudlon of, the Property. sllch
<br />policy 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 '0 Ibe Insurance carrier and Lender. Lendl'r may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower othl'rwise 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 Is economically feasible and Lender's security Is nol lessened.
<br />During such repair and restorallon period, LI'ndl'r shall have Ihl' right to hold such insurance proceeds IInlil Lender
<br />has had an opportunity to Inspect sllch Property to ensure the work has been completed to Lender's satisfa"Uon,
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<br />NEBRASKA..Single Farnily..Fannle Mae/Fredllle Mac UNIFORM INSTRUMENT - MERS
<br />Form 3028 1/01' Page 4 of 11
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<br />D(K;M~/c el~ lJOO.649-1362
<br />WWW.docrnIIgIc.Cl1IfI
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