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200904084 Borrower shall prompdy discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lieu ur a manner acceptable tp t,.ender, but only sa Inrrg as Borrower is performing stteh agreement; (b) contests the lien in good faith by, m defends against enforcement of the lien 1n, legal proceedings which in Lender's opinion operate to prevent the enforcement of the liar while these proceedings are pending, but only unfit such proceedings are concluded: or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to [his Security Instrument If Lender determines that any part pf the Property is subject to a lien which tam attain priority over Ibis Security Instrument, Lender may give Borrower a notice irietrtifying the lien. Within 10 days of dre lisle on which that rratie:e is given, Barrnwer shall satisfy the lien or rake one nr mere of the actions set forth above in this Section 4. Lender may require Bntrgwer to pay acne-time charge for a real esrau~ tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the unprovements now existing or hereafter erected on the Property insured against toss by Gre, hazards included within the lean "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender r~uires inswance. This insurance shall be mainlavred 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 L.oan_ The insurance carrier providing the insurance shall be chosen by Borrower subject W Lender's right to disapprove Berrower's choice, which right shall nut 6e exercised unreasonably. Lender may t'equire Borrower to pay, in connecdon with this Loan, either: (a) a one-time charge for flotxl zone detemrinatian, certification and uat:hing services; or (b) a vrte"tLne charge for fltrod zone determination and certification services and subsequent charges eat:h time remappings of similar changeti occur which reasonably might affect such detcrminatlgn w cer4ficalian. Borrower shall also be responsible for the payment of any fees impaled by the Federal Enrtxgcncy Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. ff Borrower fails [o ttrainlain any of the wverages described above, lender may obtain insurance coverage, at Lender's option and Borrower's expense. under is under no obligation to purchase any particular type or ainaunt of coverage. Therefore, such coverage strati coven Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Properly, against any risk, hazard a liability and might prpvide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of instrance drat Borrower could have obtained, Any arnnunrs disbursed by Lender under dtis Section S shaft become additional debt of Borrower secured by this Security Instrument. 'Ilrese amounts shall bear interest at the Note rate from the date of disbursement and shall 6e payable, with such inleresy upon nonce from Lender m Borrower requespng payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right w disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional toss payee. Gender shall have dre right to hold the policies and renewal certificates. [f Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any forte of ursrrrance c:nverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name 1_errder as mortgagee and/or as an additional loss payee. In the event of loss, Boroower shall give prompt: notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and lorrower otherwise agree ;n writing, any inswance proceeds, whedra' or rw[ Ure underlying insurance was required by Lender, shall 6e applied to restoration or repair of the Property, if the restnradan or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, tender shall have the right to hold such insurance proceeds until Lender hoc had an oppnrtuniry to inspect such Property to enswe the NEBRASKA • Singlw Ftmfly - Fsnni~ MrelFreddle M~aa UNIFORM INSTRUMR~ ®-8(NE) IfrBrl) Page 6 al r5 tnftiata: arm 3028 1101