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<br />200710386
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<br />If th~r~ is a surplus of Funds held in escrow, as defin~d under RESPA, Lender shaH account to Borrower for the excess
<br />funds in accordance with RESP A. If there is a shortage of Funds held in escrow, as defined under RESP A, Lender shall notify
<br />Borrower as required by RESPA, and Borrower shaH pay to Lender the amount necessary to make up the shortage in
<br />accordance with RESPA, but in no more than 12 monthly payments. If there 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 shaH pay to Lender the amount necessary to
<br />make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all Slllns secured by this Security Instrument, Lender shaH promptly refund to Borrower any
<br />FIlIlds held by Lender.
<br />4. Charges; Liens. Borrower shaH pay aH taxes, assessments, charges, fines, and impositions atu'ibutable 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 lliIY lien which has priority over this Security Instnullent unless Borrower: (a) agrees in
<br />writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is
<br />performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings
<br />wInch in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such
<br />proceedings are concluded; or (c) secures from the holder of the lien lliI agreement satisfactory 10 Lender subordinating the lien to
<br />this Security Instrument. If Lender detennines that any part of the Property is subject to a lien which cml attain priority over this
<br />Security Instrument, Lender may give Borrower a notice identifying the lien. Within 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 />Lend~r may requir~ Borrower to pay a one-time charge for a real estate tax verification and/or reporting service nsed by
<br />Lender in connection with tlris Loml.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />iusured against loss by fire, hazards included within the term "extended coverage," lliId any other hazards including, but not
<br />limited to, earthquakes mld floods, for which Lender requires insurlliIce. This insurance shall be maintained in the amounts
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
<br />sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right 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, certitlcation and
<br />tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each
<br />lilJle remappings or similar changes occur which reasonably nught 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 reviewal' any Hood 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 lliIY particular type or amount of coveragc.
<br />Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or
<br />the contents of the Property, against any risk, hazard or liability lliId might provide greater or lesser coverage than was
<br />previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained nright 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 lnstnullent. These amounts shaH 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 />All iusurance 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, mId shall name Lender as mortgagee and/or as an additional loss payee.
<br />Lender shall 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 fonn of insurance coverage, not otherwise
<br />required by Lender, for dllillage to, or destruction of, the Property, such policy shall include a standard mortgage clause and
<br />shall name Lender as mortgagee llild/or as lliI additional loss payee.
<br />Tn the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Lender lliId Borrower otherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the
<br />restoration or repair is economically feasible and Lender'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 inspeet such Property to
<br />ellsure the work has been completed to Lender's satisfaction, provided that such inspection shaH be undertaken promptly.
<br />Lender Inay 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 />ITEM T2698LS (0308)-MERS
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<br />(Page 5 of J 2 pages)
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<br />I'orm 3028 t/Ol
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<br />GRI"ATLAND .
<br />To Order Call; 1-800-530-9393 0 Fax; 616-79""31
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<br />NFBRASKA-Sill!(\e Falllily-Fannte Mae/I<'rL~ldle Mac UNWORM INSTRUMENT
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