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200004263
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<br />shall pay to Lender the amount necessary to make up the deficiency In accordance with RESPA, but In na more than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borcower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, Mes, and impositlons attrlbulable to
<br />the Properly which can attain priority over this Security Instrument, leasehold payments qr grqund rents an the
<br />Property, if any, and Community Association Dues, Fees, and Assessments, if any. Tq the extent that these items
<br />are Escrow items, Borrower shall pay them in the manner provided in Sectlon 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:
<br />(a) agrees in writing to the payment of the obligation secured by the lten in a manner acceptable to Lender, but only
<br />so long as Borrower is performing such agreement-, (b) contests the lten In good faith by, or defends against
<br />enforcement of the lien in, legal proceedings which in Lender's opinign operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but Duly until such proceedings are concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the Ilen to this Security Instrument. If Lender
<br />determines that any part of the Property Is subject to a lien which can attain priority aver this Security Instrument,
<br />Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br />$orcower shall satisfy the lien qr take qne or more of the actions set forth above in this Section 4.
<br />Lender may require Bgrcgwer lq pay ague-time charge for a real estate tax verification and/or repa~rting service
<br />used by Lender in connection with this Loan,
<br />5. Property Insurance. Borcower shall keep the improvements now existing or hereafter erected an the
<br />Property insured against loss by fire, hazards Included within the term "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes and floods, for which Lender requires insurance. This Insurance shall be
<br />maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant ro the preceding sentences can change dur[ng the term of the Loan. The insurance tattler providing
<br />the Insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall
<br />not be exercised unreasonably. Lender may require Bgrcgwer to pay, in connection with this Loan, either: (a) a one-
<br />time charge for flood zone determination, certification and tracking services; or (b) a one-lime charge for flood zone
<br />determination and certification services and subsequent charges each time remappings or simllar changes occur which
<br />reasonably might affect such determination or certification. Borrower shall also be respgnslble for the payment of
<br />any fees Imposed by the Federal Emergency Management Agency rn connection with the review of any flood zone
<br />delcrminadon resulting from an nbjecdon by Borrower.
<br />If Borrower falls to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borcower's expense. Lender is under no obligation to purchase any particular type or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previqusly in effect. Borcower acknowledges that the cost of the insurance coverage so
<br />obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed
<br />6y Lender under this Sectipn 5 shall become additional debt of Borrower secured by this Security lrestrnment. These
<br />amounts shall bear interest at the Note rate from the date of disbursement and shall 6e payable, with such interest,
<br />upgn notice from Lender to Borrower requesting payment.
<br />All insurance poUcles required by Lender and renewals of such policies shall 6e subject to Lender's right to
<br />disapprove such policies, shalt include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires.
<br />Borrower shall promptly glue to Lender all receipts of paid premiums and renewal nndces. If Bnrcower obtains any
<br />form of Insurance coverage, not otherwise required by Lender, for damage to, or destructign of, the Property, such
<br />policy shall Include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the Insurance carcier and Lender, Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borcower otherwise agree In writing, any
<br />insurance proceeds, whether or not the underlying insurance was required 6y Lender, shall be applied to restoration
<br />or repatr of the Properly, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />boring such repair and restoration period, Lender shall have the right to hold such Insurance proceeds until Lender
<br />has had an opportunity tq inspect such Properly to ensure the work has been completed to Lender's satisfaction,
<br />provided that such Inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of prggress payments as the work is completed. Unless an agreement
<br />is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not 6e
<br />required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties,
<br />retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower.
<br />If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds
<br />shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied In the order provided for in $ecllon 2.
<br />If Borrower abandons the Property, Lender may ftle, negotiate and settle any available insurance claim and
<br />related matters. If Borrower does not respgnd within 30 days to a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the
<br />notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borcower hereby
<br />assigns tq Lender (a) Borcower's rights lq any insurance proceeds In an amount not to exceed the amounts unpaid
<br />under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund
<br />of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights
<br />NE6RASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT OocMrpir ~ivn+m:gf eoa-Eta-1]BY
<br />Fpnn 3028 1101 Page 4 or 11 www.ahcmaglc.com
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