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2010U�412
<br />The �'unds sha11 be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity (including Lender, if Lender is an institution whose deposits ara so insured) or in any Federal Home Loan
<br />Bank. Lender sha11 apply the Funds to pay the Escrow Items na later than the time specified under RESPA. Lender
<br />sha11 not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />th� Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br />such a charge. Unless an agre�ment is made in writing or Applicable Law requires interest to be paid on the Futids,
<br />Lender shall not be required to pay Borrower any interest or eacmings on the Funds. Borrower and Lender can agree
<br />in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting of the Funds as requxred 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. �f 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 ta make
<br />up the shortage in accordaz►ce with RESPA, but in no more than 12 monthly payments. If there is a de�ciency 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 rnake up the deficiency in accordance with RESPA, but in no more than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security lnstrument, Lender sha11 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 priority over this Security Instrument, leasehold payments or ground rents on the
<br />Property, if any, and Community Assaciation Dues, Fees, and Assessnnents, if any. To the extent that these iterns
<br />are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Barrower:
<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 against
<br />enforcernent of the lien in, legal proceedings which in Lender's opinion nperate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the halder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br />deternunes that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br />Lender may give Borrower a notic� identifying the lien. Within 1p days of the date on which that notice is given,
<br />Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4.
<br />Lender �aaay require Borrower 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 or hereafter erected on the
<br />Property insured against loss by �'ire, hazards included within the tearm "exteanded coverage, " and any othear hazards
<br />including, but nat lirnited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be
<br />maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change dut'ing the term of the L.oan. The insuranc� 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 exercis�d unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-
<br />time charge fox flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone
<br />determination and certi�cation services and subseyuent charges each tirne remappings or similar changes occur which
<br />reasonably rnight affect such determination ar certification. Borrower shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency in cannection wit� the review af any flood zane
<br />determination resulting frorn an objection by Borrower.
<br />If Borrower fails to rnaintain 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 or amount
<br />of coverage. Therefore, such coverage shall cover T..ender, but might or might not protect Borrawer, Borrower's
<br />equity in the Fxoperty, 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. Barrower 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 I,ender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These
<br />atnounts 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 requiz'ed by Lender and renewals of such policies shall be subject to Lender's right ta
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additiona� 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 r�ceipts of paid premiums and renewal notices. lf Borrower obtains any
<br />form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an addicional lass
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. LTnless Lender and Borrowear otherwise agree in writing, any
<br />insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applieci to restoration
<br />or repair of the Property, if the restaration 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 />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 - MERS
<br />Form 302$ 1/01 Page 4 of 1 1
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