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201001934
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<br />shall notify Borrower as required by RESPA, and Harrower shah pay to Lender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in na mare than 12 monthly payments. ff there is a deficiency of Funds held
<br />in escrow, as defined under RESPA, Lender shah natity Harrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the deficiency in accordance with RESPA, but 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 Barravner any
<br />Funds held by Lender.
<br />4. Charges; Llano. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which can attain priority aver this Security Instrument, leasehold payments or ground rants on the Property,
<br />ff any, and Community Association Dues, Fees, and Assessments, ff any. 7o the extentthatthese items are Escrow Items,
<br />Borrower shah pay them in the manner provided in Sactipn 8,
<br />Borrower shah promptly discharge arty lien which has priority aver this Security Instrument unless Harrower; (a)
<br />agrees in writing to the payment of the abkgafion secured by the ken in a manner acceptable to Lender, but only sa long
<br />as Borrower is performing such agreement; (b) contests the ken in good faith by, nr dehands againstenforcement afthe
<br />tf~t in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the Nan whNe those
<br />proceedings are pending, but only until such proceedings are concluded; ar (c) secures from the holder of the ken an
<br />agreement satisfactory ~ Lander subordinating the Nen to this Security Instrument, ff Lender determines that arty park
<br />of the PropeHy is subject to a lion which can attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identffying the lien. Within t 0 days otthe date on which that notice is gi~ren, Borrower shall sattsty the Ilan nr take
<br />ono tN' mare of the actions set forth above in this Section 4.
<br />Lender may require Borrower tapay a one-time charge tar a real. estate teat verification and/or reporting seance used
<br />by Lender In connection with this Loan.
<br />5. Property Insurance. Horrnwer shall keep the improvements new existing or hereafter erected an the Property
<br />insured against loss by fire, hazards included within the term "extender! coverage," and any other hazards including.,
<br />but not Nmited ta, earthquakes and floods, far which Lender requires insurance. This insurance shah be maintained in
<br />the amounts (including deductible levels) and for the periods that Lender requires. What Lander requires pursuant to
<br />the preceding sentences can change during the term of the t.aan. The insurance carrier providing the insurance shall
<br />be chosen by Borrgwer subject to Lender's right to disapprove Borrower's choice, which right shall net be exercised
<br />unreasonably. Lender may require Burrower to pay, in connection with this Loan, either: {a) a one-time charge for flood
<br />zone detemunatian, certification and tracking services; ar (b) a one-time charge for flood zone determination and
<br />oertffication services and subsequentchatges each time romappings or stroller changes occu-whlch reasvnaibfy might
<br />affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by
<br />the Federal F~nergency Managemenk Agency in connection with the rev'raw of arty flood zone deterrninatian resulting
<br />from an objection by Borrower.
<br />ff 8arrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Harrowers expense. Lander is under nn nbtigatian tq purchase any particular type or amount of
<br />coverage. Therefore, such coverage. strait couar Lender, but might w might not protect Borrower, Borrower's equity in
<br />the Property, or the contents of the Property, against any risk, hazard ar IiabNlty and might prawide greater or lesser
<br />coverage than was previously in effect. Borrower acknawfedges that the cost at the insurance cav~erage so obtained
<br />might significantly exceed the cast of insurance that Borranrer could have obtained. Any amounts disbursed by Lender
<br />under this Section 5 shah became additional dept of Barrovrer secured by the Secuirty Instrument. These amarnts shall
<br />bear interest at the Nom rata from the date of disbursement and shah be payable, with such inter®st, upon notice from
<br />Lender to Harrower requesting payment.
<br />AN insurance pokcies required by Lander and renewals of such pnkcies shall be subject Gi i ender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shaft name Lender as mortgagee and/or as
<br />an additional loss payee. Lender shall have the right t0 held the policies and renewal certificates. ff Lender requires,
<br />Harrower shall promptly give to t.endew all receipts of paid premiums and renewal notices. ff Borrower obtains arty form
<br />of insurance coverage, notatherwise required by Lander, fardamage ta, ordestruction of, the Property, such policy shall
<br />include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make groat
<br />of loss ff not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance
<br />proceeds, whether or oat the underlying insurance was required by Lender, shall be applied to restoration or repair of
<br />the Property, 'rfthe restoration or repair is ecorwmicallyfaasible and Lender's security is not lessened. During such repair
<br />and restaratian period, Lander shah have the right to hdd such insurance proceeds u-vN L~der has had an opporwmrty
<br />W inspect such Property to ensure the work has been completed lea Lender's satisfaction, provided that such inspection
<br />shalt be undertaken promptly. Lender may disburse proceeds fiat the repairs and restnratipn in a single payment or in
<br />a series o4 progr+esa payments ass the work is vorr~letetl.- lJrrless an ~ ~ made th roarflMg w Ala reset
<br />requires interest to be paid on such insurance proceeds, Lender shah not be required to pay Borrower arty interest or
<br />earnings on such proceeds. Fees for pubis adjusters, or other thrcd parties. retained by ~rroMrer shelf not ba paid out
<br />of the insurance proceeds and shah be the sale obNgation of Harrower, ff the testatatkxl of repair is not ecanomicaily
<br />feasNtile or Lsnder''s security wosrld be lessened, ttre insurance proceeds ahaN be applied to the sums secured by this
<br />Security Instrument, whether or not then due, with the excess, if any, paid tq Borrower. Such insurance proceeds shall
<br />be appled in the order provided fcx in Section 2.
<br />If Bgrrawer abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. tf Horrower does oat respond within 9tl 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 3o-aay perod wiN begin when the notice is given.
<br />In either event, or ff Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender
<br />(a) Borrower's rights to any insurance proaeeds in an amount oat to exceed the amosaits unpaid under the Naga or this
<br />Security Instrument, and (b) any ether of Borrower's right (other than the right to any refund of unearned premiums
<br />paid by torrower) under aN 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 die Nate at this Security Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within
<br />60 days after the execution a# this Security Instrument and shale oantinuata occupy the Property as Borrower's principal
<br />NEBRASKA-SingleFamily-FanMeMae/Freddla Mael1NIFORMMISTRUMENTForm3o¢si/cl Initiala:tP V° ~
<br />~ iP9B-2tlo7 Anline Ogcumanta, Inc. PBgR 4 Of 9 NEf"I]EE6 070
<br />03-09-2010 9 s 39
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