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2010U�414
<br />The Funds shall be held in an institution whosc deposits are insured by a federal agency, instrumentality, or
<br />entiry (including Lender, if Lender is an institution whose deposits are so insured) or in any Fcdcral Home Loan
<br />Bank. Lender shal] apply the Funds to pay the Escrow Itcros no ]ater than the time specificd under RESPA. Lender
<br />shal] not chazgc Borrowcr for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow Itcros, unlcss Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br />such a chazge. Unless an agreement is made in writing or Applicable Law requires interest w bc paid on the Funds,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lendcr can agree
<br />in writing, however, that interest shall be paid on the Funds. Lcnder shall givc to Borrower, without charge, an
<br />annual accounting of the Funds as required by RESPA,
<br />lf thcrc is a surplus of Funds hcld in escrow, as defincd under RESPA, Lender shall account to Borrower for
<br />the cxccss funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as dcfined under RESPA,
<br />Lcndcr shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount ncccssazy to makc
<br />up the shortage in accordance with RESPA, but in no more than 12 monthly payments. IFthere is a deficicncy of
<br />Funds held in escrow, as defined under RE3PA, Lender shall notify Borrowcr as required by RESPA, and Borrower
<br />shall pay to Lender the amount necessary to make up the deficiency in accordancc with RBSPA, but in no more than
<br />12 mnnthly payments.
<br />Upon paymcnt in Full of all sums sccurcd by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds hcld by Lcndcr.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />thc Property which can attain priority over this Security Instrument, leasehold payments ur ground rents on thc
<br />Property, if any, and Community Association Ducs, Fces, and Assessments, if any. Tv the extcnt that these itcros
<br />are Escrow ltems, Borrower shall pay them in the manner providcd in Section 3.
<br />I3orrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower;
<br />(a) agrees in writing to the payment of the obligativn secured by the ]icn in a manner acceptable to Lender, but vnly
<br />so long as Borrower is performing such agreement; (b) contcsts the licn in good faith by, or defends against
<br />enforcement of the lien in, legal proceedings wl�ich in Lender's opinion operate w prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such procecdings are concluded; or (c) secures from the holder
<br />of the licn an agrecmcnt satisfactory to Lcndcr subordinating the lien m this Security Instrumcnt. If Lender
<br />determines that any part of thc Property is subject to a]icn which can attain priority over this Sxurity lnstrument,
<br />Lender may give Borrower a noticc idcntifying the ]ien. Within 10 days of the date on which that notice is given,
<br />Borrower shall satisfy the ]icn or takc onc or more of the actions set forth above in this Section 4.
<br />Lcndcr may requirc Borrowcr to pay a onc-time chargc for a real estate mx veri£cauon and/or reporting service
<br />uscd by Lcndcr in conncction with this Loan.
<br />5. Property Insurance. Borrowcr shal] kccp the improvements now existing or hercaftcr crcctcd on thc
<br />Property insurcd against loss by fire, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limiCcd to, earthquakcs and floods, for which Lender requires insurance. This insurance shall bc
<br />maintained in thc amounts (including deductiblc lcvcls) and for the periods that Lender requires. What Lendcr
<br />rcquires pursuant to the preceding sentences can changc during the term of the Loan. The insurance carricr providing
<br />thc insurance shall be chosen by Borrower subject w Lcnder's right to disapprovc Borrower's choice, which right shall
<br />not bc cxcrciscd unrcasonably. Lender may rcquirc Borrower m pay, in connection with this Loan, cithcr: (a) a onc-
<br />timc chargc for f7ood zone determination, certiGcation and tracking services; or (b) a one-time chargc for flood zonc
<br />dctcrminauon and eeruFication services and subsequcnt charges each time remappings or similar changes occur which
<br />reasonably might affect such determination or certification, [3orrower shal] also bc responsible for the payment of
<br />any fees impnsed 6y the Pederal Emergency Management Agency in conncction with thc review of any flnod zone
<br />determination resulting from an objection 6y Borrower.
<br />If Borrower fails to maintain any of the cnverages describcd abovc, Lendcr may obtain insurunce coverage, at
<br />Lender's option and $orrower's expense. Lender is under no obligation to purchasc any particular type or amount
<br />of coverage, Therefore, such cnveruge shall cover Lender, but might or might not protect Borrower, Borruwer's
<br />equity in the Prnperry, 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. Borrower acknowledges Chat the cost of the insurance covera�e so
<br />obtained might significantly cxcccd thc cost of insurance that Borruwcr could have obwined. Any amounts disbursed
<br />6y Lender under this Section 5 shall become additional debt of Borrower secured by this Sccurity Instrument, These
<br />amounts shall bear interest at the Note rate from the date of disbursement and shall be payablc, with such interest,
<br />upon notice from Lcndcr to Borrowcr rcqucsting paymcnt.
<br />All insurancc policies required by Lendcr and rencwals of such policies shall be subject w Lcndcr's right to
<br />disapprovc such policics, sha]] include a standard mortgagc clause, and shull name Lender as mortgagec and/or as an
<br />additional loss payce. Lender shall have thc right to hold ihe pnlicies and renewal certificates. If Lender requires,
<br />Borrower shall prumptly give to Lender all receipts of paid premiums and rencwa] notices. If Borrower obtains any
<br />form of insuritnce coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shal] name Lender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shal] give prompt noticc to the insurance carrier and Lendcr. Lender may makc
<br />proof of ]oss if not made promplly by Borrowcr. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance procecds, whether or nqt the underlying insurance was required by Lender, shall be applied to restoracion
<br />or repair of the Property, if the resmration or repair is ec000mically fcasible and Lcndcr's security is not ]essened.
<br />During such repair and restoration period, Gender shap have thc right to hold such insurance proceeds until Lender
<br />has had an opportunity to inspcct such Properry to ensurc thc work has heen cumpleted to Lender's satisfaction,
<br />NEBR,45KA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT - MERS DOCMOg/CPL''tdY/PR6SE B00-BOBd362
<br />�orm 3028 1/01 Page 4 of 11 www,docmagic.com
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