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200500070
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, Instrumentality, or entif (including
<br />Leader, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply I a Funds to
<br />ppay the Escrow Items no later than the time specified under ROSPA. Lender shall not charge Borrower for holding and applying the the unds and
<br />Fundcable Law permne Lender to make account, ch charge.. the ann agreements made Loader
<br />n writing or Applicable interest on interest to
<br />Applicable
<br />on the Funds, Lender shall not be required to pay Borrower any Interest or earnings an the Funds. Borrower and Lender can
<br />agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual
<br />accounting of the Funds as required by RESPA.
<br />If there is a sufplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrowertorthe excess funds in
<br />, ia, c., PA If rhare is a shorteae of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as
<br />in no more than until Lenders monthlyy ayymeand If there is h deficiency o Lender Funds e m escrow, as
<br />shall notify Borrower as required by RfPSPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in
<br />accordance with RESPA, but In no more than until Lenders monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds hold
<br />by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and i n osiflons attributable to the Property
<br />which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Communit y
<br />Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the
<br />manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument 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 />pedortning such agreement; (b) contests the lien in ggood faith by, or defends against enforcement of the lien in, legal proceedings
<br />which in Lenders opinion operate to prevent the enforcement of the lien while those proceedings ors pending, but only until such
<br />proceedings are concluded; or (c) secures from the holder of the Ilan an agreement satisfactory to Lender subordinating the lien to
<br />this Security Instrument. If Lendder determines that any ppart of the Property Is subl'ect to a Ilan which can attain priority over this
<br />Security Instrument, Lender may give Borrower a noise Identllying the lien. Within 10 days of the date on which that notice is given,
<br />Borrower shall satisfy the lien or take one or more of the actions sat forth above in this Sector 4
<br />Lender ra require Borrower to pay a one -lime charge for a real estate tax verlflcalion and/or reporting service used 6y Lender
<br />in connection witK this Loan.
<br />6. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to,
<br />earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including
<br />deductible levels) and for the periods that Lender requires. What Lender requies pursuant to the preceding sentences can change
<br />during the term of the Loan. The insurance carrier pproviding the insurance shall be chosen by Borrower subject to Lenders right to
<br />disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection
<br />with this Loan, either: (a) a one -time charge for flood zone determination, certification and tracking services; or (b) a one -lime charge
<br />for flood zone determination and certification services and subsequent charges each time remappings or similar than es occur
<br />which reasonably might affect such determination or cedttioalion. Borrower shall also be respons161e for the payment a any fees
<br />imoosed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting
<br />imm an cojecuon or oortower.
<br />It Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lenders option
<br />and Borrowers expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such
<br />coveragye shall covert' Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the
<br />. Borrower
<br />acknowledges that the Icost of the Ineuranceacoverage so ob ainedam ght s gait catty exceed iheacost of Insurance ichat Borrower
<br />could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by
<br />this Security Instrument. These amounts shall bear interest al the Note rate from the date of disbursement and shall be payable, with
<br />such interost, upon notice from Lender to Borrower requesting payment.
<br />All insurance policies required by Lender antl renewals of such policies shall be subject to Lender's right to disapprove such
<br />policies, shall include a standard mortgage clause, antl shall name Lender as mortgagee ancUor as an additional loss payee. Lender
<br />shall have the right to hold the policies and renewal certificates. It Lender requires, Borrower shall promptly give to Lender all receipts
<br />of paid premiums and renewal notices. If Borrower obtains any Conn of insurance coverage, not otherwise required by Lender, for
<br />damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as
<br />mortgagee and/or as an adtlifional lass payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if
<br />not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any Insurance pro ceeds, whether or not the
<br />underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, If the restoration or repair is
<br />economically feasible and Lenders security is not lessened. During such repair and restoration period, Lender shall have the right to
<br />hold such insurance proceeds until Lender has had an o portunity to Inspect such Pro perty to ensure the work has been completed
<br />to Lenders satisfaction, provided that such inspection shall be undertaken promptly Lender mayy disburse proceeds for the repairs
<br />and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in
<br />writing or Applicable Law requires interest to be paid on such Insurance proceeds, Lender shall not be required to pay Borrower any
<br />interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of
<br />the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair Is not economically feasible or
<br />Lenders security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument,
<br />whether or not then due, with the excess, if any, paid to the Borrower. Such insurance proceeds shall be applied in the order
<br />provided for in Section 2.
<br />It Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters If
<br />Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, than Lender
<br />may negotiate and settle the claim. The 30 -day period will begin when the notice is given. In either event, or A Lender acquires the
<br />Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrowers rights to any insurance pproceeds in an
<br />amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other
<br />than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, Insofar as
<br />such rights are applicable to the coverage of the Pro perty. Lender may use the insurance proceeds either to repair or restore the
<br />Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />6. Occupanty. Borrower shall occupy, establish, and use the Property as Borrowers principal residence within 60 days
<br />after the execution of this Security Instrument and shall continue to occupy the Property as Borrowers principal residence for at least
<br />one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or
<br />unless extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Proper In
<br />impair the Property, allow the Property to deteriorate or commit waste on t e Pr
<br />Property, Borrower shall maintain the Property in order to prevent the Property f
<br />condition. Unless it is determined pursuant to Section 5 that repair or reston
<br />promptly repair the Property if damaged to avoid further deterioration or damage.
<br />connection with damage to, or the taking at, the Propert y, Borrower shall be respc
<br />Lender has released proceeds for such purposes. Lender may disburse proceed!
<br />or in a series of progress payments as the work is completed. If the insurance or
<br />or restore the Property, Borrower is not relieved of Borrowers obligation farina co
<br />NEBflAS"US!gls Fuijy_FU,. MWFr I. Mac UNIMO.Ia9TRUMENr
<br />M25 NE DOT O1N1 P03
<br />orrower shall not destroy, damage or
<br />or or not Borrower Is residing in the
<br />ng or decreasing in value due to its
<br />Dnomically feasible, Borrower shall
<br />condemnation proceeds are paid In
<br />[ring or restoring the Property only it
<br />and restoration In a single payment
<br />proceeds are not sufficient to repair
<br />h repair or restoration.
<br />Fam 3028 1M1 er 7pgr) , Nr-
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