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2oa.oo38s
<br />The Funds shall be held in an institution whose deposits axe insured by a federal agency, instrumentality, or
<br />entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items nv later than the time specified under R1rSPA. Lender
<br />shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, ar verifying
<br />the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender tv make
<br />such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />Lender shall not be required tv pay Bvrxawer any interest or earnings nn the Funds. Barrawex and Lender can agree
<br />in writing, however, that interest shall be paid on the Funds. Lendex shall give to Borrower, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess funds in accordance with RESPA. if there is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the shortage in accordance with RESPA, but in na more than 12 monthly payments. if there is a deficiency of
<br />Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br />shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no snore than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Property which can attain prinrity aver this Security Instrument, leasehold payments or ground rents on the
<br />Property, if any, and Community Association Dues, Fees, and Assessments, if any. Ta the extent that these items
<br />are Escrow Items, Harrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over Phis Security Instrument unless Borrower:
<br />(a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only
<br />so Long as Borrower is performing such agreement; (b) contests the lien in good faith. by, or defends againsc
<br />enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such proceedings are concluded; ox (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien 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 Harrower a notice identifying the lien. Within 1D days of the date an which that notice is given,
<br />Borrower shall satisfy the lien or take one or moxe of the actions set forth above in this Section 4.
<br />Lender may require Borrnwer to pay a one-time charge for a real estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing ar hereafter exerted on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage," and arty 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 far the pexiods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the term. of the Loan. The insurance carrier 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 xequire Borrower to pay, in connection with this Laan, either: (a) a one-
<br />time charge for flood zone determination, certification and tracking services; yr (b) a one-time charge for flood Zone
<br />determination and certification services and subsequent charges each time rernappings ox similar changes occur which
<br />reasonably might affect such determination or certification, $orrower shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />L.ender's option and Borrower's expense. Lender is under no obligation to purchase any particular type ox amount
<br />of coverage, Therefore, such coverage shall cover Lender, but might or might not protect Harrower, Borrower's
<br />equity in the Property, ar the contents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Borrower 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 />by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument- These
<br />amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest,
<br />upon notice from 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 an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />farm of insurance coverage, not otherwise required by Lender, for damage to, ar destruction nf, the Property, such
<br />policy shall include, a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss
<br />PaY~•
<br />In the event of loss, Harrower shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not trade prorzaptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, if the restoration or repair is economically feasible and Lender's security is rat lessened.
<br />During such repair and restoration period, Lender shall have the right to bald such insurance proceeds utttil Lender
<br />has had an opportunity to inspect such Property to ensure the work has been Completed to Lender's satisfaction,
<br />!NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MFRS f7aCM~lC ~q~ gpq.saa-+sss
<br />Form 3028 1 /01 Page 4 of T T www.docmagric.com
<br />iD28.mzd.wnl
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