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200908138
<br />LOAN #: X9011773
<br />shall notify Barrvwer as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no mare than 12 monthly payments. If there is a deficiency of Funds held
<br />in escrow, as defined under RESPA, Lender shall notifiy Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary tv make up the deficiency in accordance with RESPA, taut in no mare than 12 monthly
<br />payments.
<br />Upon payment In full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; L9er-s. Barrvwer shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property,
<br />ifany, and CammunityAssociation Dues, Fees, and Assessments, if any. Tathe extentthatthese items are Escrow Items,
<br />Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority aver this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the abligatian secured by the lien in a manner acceptable to Lender, but only sa long
<br />as Borrower is performing such agreement; (b) contests the lien in goad faith by, ar defends against enforcement of the
<br />lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those
<br />proceedings are pending, but only until such proceedings are concluded; or (c} secures #rom the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part
<br />of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take
<br />one or mare of the actions set forth above in this Section 4.
<br />Lender may require Borrower topay cone-time charge for a real estate taxverificatian and/or reporting service used
<br />by tender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing yr hereafter erected an the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including,
<br />but oat limited tn, earthquakes and floods, far which Lender requires insurance. This insurance shall be maintained in
<br />the amounts (including deductible levels) and far the periods that Lender requires. What Lender requires pursuant to
<br />the preceding sentences can change during the term of the Laan. The insurance carrier providing the insurance sha(I
<br />be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall oat be exercised
<br />unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge far flood
<br />zone determination, certification and tracking services; ar (b} a one-time charge for flood zone determination and
<br />certification services and subsequent charges each time remappings or similar changes occur which reasonably might
<br />affect such determination ar certification. Borrower shall also be responsible for the payment ofi any fees imposed by
<br />the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting
<br />#rom an abjection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type ar amount ofi
<br />coverage. Therefore, such coverage shall cover Lender, but might ar might not protect Barrvwer, Borrower's equity in
<br />the Property, or the contents of the Property, against any risk, hazard ar liability and might provide greater ar lesser
<br />coverage than was previously in effect. Barrawer acknowledges that the cast of the insurance coverage so obtained
<br />might significantly exceed the cast of insurance that Harrower could have obtained, Any amounts disbursed by Lender
<br />underthis Section 5 shall become additional debt of Barrawer secured by this Security Instrument. These amounts shall
<br />bear interest at the Nnte rate from the date of disbursement and shall be payable, with such interest, upon notice from
<br />Lender to Borrower requesting payment,
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as
<br />an additional lass payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Horrower shall promptly give to Lender all receipts of paid premiums and renewal notices. !f Barrawer obtains any farm
<br />of insurance coverage, oat othewise required by Lender, far damage to, ar destruction of, the Property, such policy shall
<br />include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional Ines payee.
<br />In the event of lass, Borrower shall give prompt native to the insurance carrier and Lender. Lender may make proof
<br />of toss if not made promptly by Barrvwer. Unless Lender and Borrower otherwise agree in writing, any insurance
<br />proceeds, whether yr oat the underlying Insurance was required by Lender, shall be applied to restoration or repair of
<br />the Property, ifthe restoration or repair is ecanomicailyfeasible and Lender's security is not lessened. During such repair
<br />and restoration period, Lender shall have the rightto hold such insurance proceeds until Lender has had an opportunity
<br />to inspect such Property tv ensure the work has been completed to Lender's satisfaction, provided that such inspection
<br />shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in
<br />a series of progress payments as the work is completed. Unless an agreement is made in writing ar Applicable Law
<br />requires interest to be paid an such insurance proceeds, Lender shall not be required tv pay Barrvwer any interest ar
<br />earnings nn such proceeds. Fees far public adjusters, ar other third parties, retained by Borrower shall oat be paid out
<br />ofi the insurance proceeds and shall be the sole obligation of Borrower. If the restoration ar repair is oat economically
<br />feasible yr Lender's security would be lessened, the insurance proceeds shall be applied tv the sums secured by this
<br />Security Instrument, whether or natthen due, with the excess, if any, paid to Borrower. Such insurance proceeds shall
<br />be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. If Horrower does oat respond within 30 days to a notice from Lender that the insurance carrier has offered to
<br />settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given.
<br />In either even#, yr if Lender acquires the Property under Section 22 nr otherwise, Borrower hereby assigns to Lender
<br />(a) Borrower's rights to any insurance proceeds in an amount not to exceed the amaun#s unpaid under the Note or this
<br />Security Instrument, and (b) any ether of Borrower's rights (other than the rightto any refund of unearned premiums
<br />paid by Barrawer) under all insurance policies covering the Property, insofar as such rights are applicable to the
<br />coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay
<br />amounts unpaid under the Note ar this Security Instrument, whether yr not then due.
<br />6. CccuPancy. Harrower shall occupy, establish, and use the Property as Borrower's principal residence within
<br />60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />NEBRASKA--Single Family-Fannie Mae/Fteddie Mac UNIFORM INSTRUMENT Form 3o2$1/Ai Initials s
<br />® 1989-2007 dnline Documents, Inc. PB~e 4 of 9 NEEDEED 705
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