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<br />200707117
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<br />If there is a surplu< of l'unds held in escrow, as defilwd under RESP A. Lender sh~l1 a~,CO\lnt to Borrower for the excess
<br />fuuds in accon11\nco with RRSPA, If there is a short~!l" of Funds held in l'-scrow. as defined \In<kr RFSPA. J _ender shaU notify
<br />Borrow'" as reqlIirc<l by RESP A, and Borrower shall pay to Lemler the amount necess!lry to Illake up the shllrtage ill
<br />accordance with RESPA, but in II" u'o", thalI12 monthly payments. If there is a deficiency of Funds held in CSClUW, as defined
<br />und..-\" !:{ESP A, Lender shan notify Borrower rn; n':Juired by RESP A, ,md Borrower shall pay to Lender the amount necessary to
<br />makc up dle deficiem;y ill accordance with RESP A, bnt in no mnre tl,an 12 mondtly payments.
<br />Upon paymcnt in fllll of an SUIlIS se.clu'ed by this Security Instrument, Lender shall pronlptly refund 1.0 Borrower any
<br />Funds held by Lender.
<br />4. Chllrges; Liens. Borrower shall pay all taxes, assessm('nts, charges, fines, and impositions attributable to the.
<br />Property which Cllil attain priority over Ulis Security Instrument, lcasehold payments or ground ronts on the Property, if nny,
<br />and Community Association Dues, Fees, and Assessments, jf any. To the extent dJat these itcum are Escrow Items, Burruwer
<br />shall pay them in Ihe l11anner provided in Section 3.
<br />Borrower shall promptly dischargc MY lien which has priority ovcr dli. Security Instrument unlcss Borrower; (a) agrees in
<br />writing to the payment of the obligation secured by the lien in a manner a~.c9'lJ\hlo to T ,ender, but only so long as Borrower is
<br />perfomring sllch agreement; (b) contests the lien in goo,1 faith by, or defends !lgllinst enforcemcnt of the lien in, legal proceedings
<br />whioh in Lender's opinion operate to prevent the enforcement of dIe lien while those proceedings are pendin?~ but oilly llOtH such
<br />proceedings am conc1ndoo: or (c) secun:s from the holder of thc licnan agr~.ement satisfactory to Lender subordiJlating the lien to
<br />this Security Instrument. If Lender dctermines that any part of the Property is subject to a lien which can attain priority over this
<br />Security Instrument, Lender lIlay give Borrower a notice identifying dIe Ii"u. WitlJin 10 days of the date on which iliat notice is
<br />givcn, Borrower shall satisfy tI,e lien or take one or more of the actions set forth abov" in this Section 4.
<br />Lender may require Borrower to pay a one-time eharg" fllr " real estate tax verifiClltion and/or repOlting servicc nsed by
<br />Lender in eonnectiun with iliis Loan.
<br />5. Property Insurance. Borrower shall h,,-,p the illipl'Ovements noW existing or j,cn:aftcf cry'ectd on die Property
<br />insured against loss by fire, haz,ards included within the telm "extended coverage," and any other hRZlIrds including, but not
<br />limited to, earthquakes and floods, for which Lender rC<luiIcs insurallce. This insurance shall be maintained ill the amounts
<br />(including dcductible levels) and for the periods that Lender requires. What Lender requires pursuaut to tbe preceding
<br />sentences can change during the term of the Lo~n. 11lC insurance carrier pru\licling tbe insurunce shaH he chosen by Borrower
<br />subject to Lender's right to disapprovo Borrower's choice, which right shall not be exercised UJlreasonably. Lender may require
<br />Borrower tu pay, in connection wilh lius Loan, eitller: (a) a one-time ebarge: for flood zone detellllination, certification and
<br />tracking services; or (b) a one-time charge for f100d zonC determination and certification services and subsequent charges each
<br />t.ime remap pings or similar changes occur whieh reasonably Illightaffect such dctennination or certification, Borrower shall
<br />also be responsible for the payment of any fees imposed by the T1ederal Emergency Management Agency in connection with
<br />the review of any flood zone det.ernunation resulting frnm alt objection hy Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may ohtain insurance covemge, at Lemler's
<br />option and Dorrow",,' s expense. Lcndcr is under nu obligatiun 10 pnrchllS" any particular type or amollnt of coverage.
<br />Tberefore, such coverage shill] cover Lender. but might or might not protect Borrower, Borrower's equity in the Property, or
<br />the contents of the Property, against any lisk, hazard or liahility and might provide greater or lesser coverage than W1\S
<br />previously ill effect Borrower acknowledges that the cost of the insurtmco coverage so obtained might significantly exceed the
<br />cost of insurance that Borrower could hay!) obtained. Any amounts dlsbur..,,} by Lcnder llnder t1Iis Section 5 shal! become
<br />additional debt of Borrower seclll'ed by this Security InstI1l111ellt. These ,mlounts shall bear inll.lT""t ~l.\, the Note rate from the
<br />date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting paYll1eut.
<br />All insurancl) poJicies required by Lender and renewals of such policies shall be subject tu Ll)ndcr's right to elisapprovc
<br />sucb policies, shall inclnde a standard luortgage dause, and shall name Lender as mortgagee and/or as an additional loss payee.
<br />T .ender shall have thc right to hold UJe policies and rcnewal certificates. If T .onder requires, BOITowe. shall promptly give to
<br />Lender all receipts uf paid premiums and renewal notices. If Borrower obtains any fonn of insurance coverage, not otherwise
<br />1''''Inirecl by Lend"r. fm dRlll.age to, or destruction of, the Property, such policy shall include a standard mortgage claose and
<br />shall nalIle Lender as mortgagee and/or as all addltioualloss payce.
<br />In dIe event of loss, Borrower shall give prompt not.iee to the inSllrallCe carr1"1' and Lcnder. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Lender alld Borrower otherwisc agree in writing, any insorance proceeds,
<br />wl,ethe1' or not the underlyiug insurance was required by Lender, shaU be "pplicd to rcstoration or repair of the Property, if thc
<br />restoration or repair is cconomiClllly feasible and Lender's secllrity is not lessened. During such repair and rcstoration pcriod,
<br />Lender shall have ilie right to hold such insurance proceetL~ until Lender has had an opportunity to inspcet such Property to
<br />ensure the work has been completed to Lender's satisfaction, provided that such insp""tion shall be nlldertaken promptly_
<br />Lender lllay disburse proceeds for tJIe repairs and restoration in a single payment 01' in a series of progress payments as the
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<br />NEBRASKA-Single Fwaity Famuc Mac/Freddl. Mac UNIFORM INSTRUMENT
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<br />II.M .,-..aol.1; (o:lOO}-MERS
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<br />(raNd of 12 poses)
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<br />Forln 362111101
<br />GRCATI.J\ND II
<br />TfJ Oltler ellJ: l-aoo-.53il-1l..'19S 0 F:iit 615-/91-1131
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