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20090424'7
<br />Borrower shall pror„plly cliscb::rr~e any lien which has priority over This 5ecutity Instrument unless
<br />Borrower: (a) agrees i.n writing Ir, Lhc payrnent of the obligation secured by the lien in a manner acceptable
<br />t.o Lender, but only su luny, :.,s T3urruwc:r is perlc,nning such agreement; (b) contests the lien in good faith
<br />by, or defends against enli,rc:cn,enl of the lien in, legal proceedings which in Lender's opinion operate to
<br />prevent the ea,lc~rcenrent of the Lien while those; proceedings are pending, but only until such proceedings
<br />are concluded; or (c) sccr.rrcti lron, I Ire holder of the lien an agreement satisfactory to Lender subordinating
<br />the lien io tl.,is Security Inseruu,crrt- IF Lcndcr dcterntines that any part of the Property is subject to a lien
<br />which can attain priority uvc;r This Sc:cu.rity Insttutnent, Lender may give Borrower a notice identifying the
<br />lien. Wiihin 1 U days ul' Lhc elate un which drat notice is given, Borrower shall satisfy the lien or take one or
<br />mote oPthe acl.ionti scl furtl, above in this Section 4_
<br />Lender may r•cquirc [3orrowa• h, pay aone-tune charge for a real estate tax verification and/or
<br />reporting service rrscd by Lcndcr• in connection with this .Loan.
<br />$_ Property Xnsurance. 13urrowcr shall keep the improvements now existing or hereafter erected on
<br />the Property insured against loss by lire, hazards included within. the terns. "extended coverage," and any
<br />other hazards including, but nut lin,itcd tn, earthquakes and floods, for which Lender requires insurance,
<br />'Phis insurattcc shall he nraintaincd in the amounts (including deductible levels) and for the periods that
<br />Lender requires. Wh:d. t.cncler rcquirus l,ursuant to the preceding sentences can change during the term of
<br />the Luan. The inscrrancc cu•ricr providing the insurance shall be chosen by Borrower subject to Lender's
<br />riglrt to disapprove [3nrrowcr's choice, which right shall not he exercised unreasonably. Lender may
<br />require Burrrriver to l,ay, in cunncctiun with this Loan, either: (a) a one-time charge for flood zone
<br />detenrrinatiur,, ccrfitic.,tion arul tracking services; or (h) a one-time charge for flood zone determination
<br />and certification sc,rviccs :rod sul,scgt,cnt charges each time remappings or similar changes occur which
<br />reasonably n,iglrl al'I•cct such dclcrn,ination or certification. Borrower shall also be responsible for the
<br />payment of uny l.~ees in,pnud by the I'edcral Emergency Management Agency in connection with the
<br />tevlew of any llrxxi rose deter-n,inatin[, resulting from an objection by Borrower.
<br />If $orrower fails In n,ainlain any of 1.he coverages described above, Lender may obtain insurance
<br />coverage, al Ler.~der'~ option and [iurrower's expense. Lender is under no obligation to purchase any
<br />particular type r-,r an,uunt nl• coverage- 'Therefore, such coverage shall cover Lender, but might or might
<br />not protect I3orrnwcr•, 13orruwcr's equity in the property, or the. contents of the Property, against any risk,
<br />hazard ur liability and might provide greater or lesser coverage than was previously in effect. Borrower
<br />acknowledges tarot: the cost ol• the insurance coverage so obtained might signiftcantly exceed the cost of
<br />insurance that Burrower curild I,avc ol,taincd- Any amounts disbursed by Lender under this Section 5 shall
<br />becontc additional debt of [3urruwcr• secured by this Security Instrument. These amounts shall bear interest
<br />at the Note rate; f'run, the date of disbursement and shall he payable, with such interest, upon notice from
<br />Lender to [3urrowcr requesting l,aymcnt-
<br />All insurance: policies rcquir•cd by Lcndcr and renewals of such policies shall be subject to Lender's
<br />right to ciisappruve such policies, shall include a standard mortgage clause, and shall name Lender as
<br />mortgagee ancUur as u, additional loss payee. Lcndcr shall have the right to hold the policies and renewal
<br />certilicates_ If Lcndcr requires, l3orrc,wcr shall promptly give to Lender all receipts of paid premiums and
<br />renewal notices- If 13urrower obtains au,y form of insurance coverage, not otherwise required by Lender,
<br />for damage to, or destrl.,ctior, ol~, Il,e Property, such policy shall include a standard mortgage clause and
<br />shall mine Lender a.s sir-n•tg:agee ::u,d/or as an additional loss payee.
<br />In the event of loss, Rurru~ucr shall give prompt notice to the insurance carrier and Lender. Lender
<br />may make proof ul' Ioss if not. n,a.dc prutnpi.ly by Borrower. Unless Lender and Borrower otherwise agree
<br />in writing, :.rny irasr.n-once proccccls, ~uhcllrer or nut. the underlying instttance was requited by Lender, shall
<br />he applied to re.titoratiun nr rrp:.rir nl• Lhc Property, if the restoration or repair is economically feasible and
<br />Lender's security is nut Icssenccl- During such repair and restoration period, Lender shall have the tight iu
<br />hold such insurance. pruc:uccls ,rnlil Lcndcr has had an opportunity to inspect such Property to ensure the
<br />NEBRASKA- Single Family • Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />-6(NE)fos~•i~ Page6of15 inisiais: Form 3028 1101
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