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201005446
<br />Borruwcr shall promptly discharge any lien whic:lr has priority over this Security Instrurrrent unless
<br />Borrower: (a) agrees in writing to Chc payrnerrt of the obligation secured by tlrc lien in a manner acceptable
<br />to I.,ender, but only so lung as Borrower is performing such. agreement; (h) contests the lien in good faith
<br />by, or defends against cn1'orcement of the Herrrn, legal proceedings which in Lender's opinion operate to
<br />prevent tyre errforcerrrerrt of flee lien while these procecdirrgs arc pendrrtg, but Drily until such proceedings
<br />arc cxrncluded; or (e;) secures from ilre holder of the Herr an agreement satisfactory to I.,endcr subordinating
<br />the lien to this Security Instrument. If I~cnder determines that any part of the Property is subject to a lien
<br />whicYr can attain priority over this Security IiYSirument, Lender may give Borrower a notice identifying the
<br />lien. Within 10 days of the dot(: on which tkrat notice is given, 1orrower shall satisfy the lien or take one or
<br />Wrote of the actions set forth above in this Section 4.
<br />Lender may require Borrawar to pay Gone-time charge for a real estate tax verification and/or
<br />reporting service used by Iacndcr in contraction with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on
<br />the Property insured against lass by fire, hazards included within the term "extended coverage," and any
<br />other hazards including, but trot limited to, earthquakes and (loads, t'or which Lender requires insurance.
<br />'I`bis insurance shall be maintained in the amounts (including deductible levels) and for the periods that
<br />l,cnder requires, What Lender requires pursuant to the preceding sentences can change during the term of
<br />the I.,oan. The insurance carrier providing the insurance shall he chosen by Borrower subject to Lender's
<br />right to disappr(ve Borrower's cliaice, which right shall not be exercised unreasonably. Lender may
<br />require Borrower to pay, in cor~rrectiorr with this Loan, either: (a) a one-time charge for flood zone
<br />determination, certificati(n arrd tracking services; or (b) a one-time charge for flood zone determination
<br />arrd certification services and suhsaquatrt charges each time remappings or similar changes occur which
<br />reasonably might affect such determination or certification. Borrower shall also ba responsible for the
<br />payment of any fees irrtposed by Clie 1~ederal L'mergency Management Agency in connection with the
<br />review of any Hood. zone determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any ()I' the coverages described. above, I.,ender may obtain insurance
<br />coverage, at Leader's option arrd Borrower's expense. Lender is under rro obligation to purchase any
<br />particular type or atxrnurrt of" coverage. "Chcrcfvre, such coverage sl'rall cover Lender, but might or might
<br />Trot protect Burrower, Borrower's Equity in the I'raperty, or flee contents af' the Property, against any risk,
<br />hazard or liability and aright provide greater or lesser coverage than was previously in effect. Borrower
<br />acknaWledges ilrat the COSt Of thc• lrlsurance COVerage sa obtained might significantly exceed the cost of
<br />insurance that Borrower could leave obtained. Any amounts disbursed by bander under this Section 5 shall
<br />become additional debt of Borrower secured by this Security Instrument. These arnonnts shall bear interest
<br />at the Note rate frorxr the date of disbursement and shall he payable, witkr such interest, upon notice from
<br />I,endcr to Borrower requesting payment.
<br />All insurance policies required by Lcrrder and renewals of such policies shall be subject to Lender's
<br />right to disapprove such policies, shall include a standard mortgage clause, and shall Hama bender as
<br />tnortgagee and/or as an additional loss payee. I.,ender shall have the right to hold the policies and renewal
<br />certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and
<br />renewal notices, If Borrower obtains any form of insurance coverage, oat otherwise required by Lender,
<br />1'or damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and
<br />shall Warne I.,crrder as tnortgagee arrd/or as err additional loss payee,
<br />Irt tkre event of 1[rss, Borrower shall give prompt notice to the irrsurarrce carrier and Lender. Lender
<br />tnay retake prowl' al' loss if not made pr()rnpCly by Borrower. Unless I_,erxler arrd Borrower otherwise agree
<br />ire writing, any ir~surarrce proceeds, whether or not the urrderlyirrg insurance was required by Lcndar, shall
<br />be applied to restoration or repair of the Property, if tl7e restoration or repair is economically feasible and
<br />Lender's security is ttoi lessetred. During such repair acid restoration period, Lender shall have the right to
<br />lrnld such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the
<br />NEBRASKA -Single family ~ Fannis MaelFr®ddia Mac UNIFQfiM INSTRUMENT LL
<br />-6tNE) ~os~ ~ I Page 6 of 15 Initials; ~~ Fnrm 3028 1/01
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