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20100630'7
<br />Tlae Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, pr
<br />entity (including Lender, if Lender is an institutiprt whose deposits are so insured) or in any Federal IInrne Loan
<br />Back. Lender shall apply the Funds to pay the Escrow Items na later than the time specified under KESPA. Lender
<br />shall opt charge Harrower for balding and applying the Funds, annually analyzing the escrnw account, or verifying
<br />the L'scrow ]terns, unless Leader pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br />such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />Leader shall not be required to pay Borrower any interest or earnings on the Funds. Harrower and Lender can agree
<br />in writing, however, that interest shall be paid nn the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting pf the Funds as required by ItESPA.
<br />If there is a surplus of Funds held in escrow, as defined under ItESPA, tender 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 wider RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender tie amount necessary to make
<br />up the shortage in accordance with RESPA, but in nn mere than 12 monthly payments. 1'f there is a deficiency of
<br />Funds Held in escrnw, as defined under RESPA, Lender shall notify Horrower as required by 'RESPA, and Borrower
<br />shall pay to Lender the amount necessary to make tip the deficiency in accordance with RESPA, but in na more than
<br />12 monthly payments.
<br />Upon payment in full of atl 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 Prpperty which can attain priority over 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, Barrpwer stroll pay them in the manner provided itt Section 3.
<br />Borrower shall promptly discharge any lien which has priority aver this 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 />sa long as Harrower is performing such agreement; (b) contests the lien in good faith by, or defends against
<br />enforcement of the lien in, legal proceedings which in tender's opinion opera.tc to prevent the enforcement of the lien
<br />while those proceedings are pending, but only wttil such proceedings are concluded; or (c) secures from the holder
<br />aF khe lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. ]f Lender
<br />determines that any part of floe Property is subject to a lien which can attain priority pvcr this Security Instrument,
<br />Lender may give Borrower a notice identifying the lien. Within 10 days of the date nn which that notice is given,
<br />Borrpwcr shall satisfy the lien or take pee or more of the actions set Earth above in this Section 4.
<br />Lender may require Borrower to pay a orte-time charge far a real estate tax verificatipn and/or reporting service
<br />used by Lender in connection with this Lawn.
<br />S. Prpperty Insurance. Harrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by tire, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limited ta, earthquakes and floods, far which Lender requires insurance. "T"his insurance shall be
<br />maintained in the amounts (including deductible levels) and far the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the term of the Laan. The insurance carrier providing
<br />the insurance shall he chpserr by Borrower subject tq Lender's right to disapprove .F3orrower's choice, which right shall
<br />not be exercised unreasauably. Lender may require Hnrrower to pay, in enunectiora ~vith this Lnan, either: (a) a one-
<br />time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone
<br />determination and certification services and subsequent charges each time remappirags or similar changes occur which
<br />reasonably might affect such determination pr certification. Borrower shall also be responsible Far the payment of
<br />any fees imposed by the Federal Frnergency Management Agency in connection with the review of any flood zone
<br />determination resulting f.'rotn ata abjection by Harrower.
<br />If Hnrrpwer 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 obligatirnt to purchase any particular type or ampu.nt
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might eat protect Borrower, Bprrower's
<br />equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Burrower acknowledges that the cost of the insurance coverage sa
<br />obtained might significantly exceed the cost pf insurance that Borrower could have obtained. Any amounts disbw-sed
<br />by Lender under this Section 5 shall became additional debt of Borrower secured by this Security Instrument. These
<br />amounts shall bear interest at the Note rate from the date pf disbursement and shall be payable, with such. interest,
<br />upon notice from Lauder to Borrower requesting payment,
<br />All iusurauce policies required by tender and renewals of such policies shall be subject to Lender's right tp
<br />disapprove such policies, shall include a standard tnartgage 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 />Hprrawer shall promptly give to Lender all. receipts of paid premiums and renewal notices. If Borrower obtains any
<br />farm of iusurauce coverage, eat otherwise required by Lender, far damage tp, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall name tender as mortgagee and/or as an additional lass
<br />payee.
<br />In the event of loss, Barrpwer shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof of lass if not made promptly 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 not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender
<br />ltas had an opportunity to inspect such Property to ensure the work has been completed tp Lender's satisfaction,
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUM
<br />Form 3028 1 /01 Page 4 of 11
<br />- MFRS pncMagic~n~ soo-sas-issz
<br />w ww. dacmaglc. com
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