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200710284 writing or Applicable Law requires interest to be paid on the Funds, Lendcr shall not be required to pay Borrower any inlerest or eamings on the funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender sball give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the cxeess funds in accordance with RESPA. If there is a shortage of Funds held in cserow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Bon.ower shall pay to Lender the amount neeessmy to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If thcre is a deficiency of Funds held in escrow, as defined under RESPA, Lendcr shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than12 monthly p.tyments. Upon payment in full of all sums secured by this Security hlstrument, Lender shall promptly refund to BOITower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Propeliy, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in thc maI1l1er provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security fustrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lcnder's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Sccurity blstnllncnt. If Lcnder determines that any part 01' the Property is subject to a lien which can attain priority over this Security fustrument, Lender may give Borrower a notice idcntifying the lien. Within 10 days of the date on which that notice is givcn, Borrowcr shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereatter creetcd on the Property insured against Joss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be excrcised unreasonably. Lcnder may rcquire Borrower to pay, in connection with this Loan, either: (a) a one-timc charge for flood zone detemlination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsiblc for thc payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lcnder may obtain insurance coverage, at Lender's option and Bonower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Thcrcfore, such covcrage shall cover Lendcr, but might or might not protect Borrower, Borrower's equity in the Property, or the conlents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in dfect. Borrowcr acknowledges that thc cost of the insurancc coverage so obtained might significantly exceed the cost of insurance that BOlTower could have obtained. Any amounts disbursed by Lcnder under this Section 5 shall become additional debt of Borrower securcd by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursemenl and shall be payable, with such interest, upon notice from Lcndcr to Borrower requcsting payment. All insurancc policies required by Lender and renewals of such policies shall be subjcct to Lcnder's right to disapprove such policies, shall include a standard mortgage clause, and shall namc Lcnder as mortgagee amVor as ,m additional loss paycc. Lender shall have the right to hold the policies and renewal certil1cates. If Lendcr rcquircs, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance Nehnska -ljee~l-oTil:I;;;i:Sir;gl~r7,li;iJY~~';;;I;lieM;;ejj';re(i(ii;;-MacijNii;.ORM INii'i;RuM-j.;Nl'------------- - ---THE COMPLIANCE SOURCE, INL- Page 5 of 13 www.colnp]j<lIle(':solJI'{;~. C()lll MERS Modil1cd Form 3028 01101 "'JOINI': 08100 (~)2000, Th(,: CmnpJiallce S(l\lr~:c, Tnc:. 5778896 C-\ \ \ ~\\. ~.