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20100�481
<br />The Funds shall 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 are so insured) or in any Fedecal Ho�ne Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<br />shall not charge Borrower for holding and applying the F'unds, annually analyzing the escrow account, or verifying
<br />the Escrow Items, unless Lender pays $orrower interest on the Punds and Applicable Law permits Lender to make
<br />such a charge. Unless an agreernent is made in writing or Applicable Law requires interest ta be paid on the Punds,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Punds. Borrower and Lender can agree
<br />in writing, however, that interest shall be paid on the Funds. Lender shall give ta Borrawer, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />lf there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account ta Borrower for
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held in esctaw, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to L.ender the amount necessary to make
<br />up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of
<br />Funds held in escrow, as de�ned 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 more than
<br />12 monthly payznents.
<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 priority over this Security Instruznent, leasehold payments or ground rents on the
<br />Property, if any, and Community Association Dues, Fees, and Assessments, if any. 'I'o the extent that these items
<br />are Escrow Items, Borrower shall pay them in th� mann�r provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over 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 />so long as Borrower is performing such agreement; (b) cantests the lien in good faith by, or defends against
<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; or (c) secures from the halder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this 5ecurity Instrument. If Lender
<br />determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br />Lender rnay give Borrower a notice identifying the lien. Within 10 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 may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service
<br />used by Lender in cannection with this Loan.
<br />5. Property Insurance. Borrower shall keep the irnprovements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards includ�d within the term "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes and flaods, for which L.ender 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 during the term of the Loan. The insurance carrier providing
<br />the insurance sha11 be chosen by �orz'ower subject to Lender's right to disapprove Borrowet's choice, which right shall.
<br />not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-
<br />tinne charge for flood zone deterniination, certi�cation and tracking services; or (b) a one-time charge for flood zone
<br />determination and certification services and subsequent charges each time remappings or similar changes occur which
<br />reasanably might affect such determination ar certification. Borrowec shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with Che review of any flood zone
<br />determination resulting from an objection by Borrower.
<br />If Borrower fails ta maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. L.ender is under no obligation to purchase any particular type or amount
<br />of coverag�. Therefore, such coverage shall cover Lender, but rnight or znight not protect Borrower, Borrower's
<br />equity in the Property, or the contents af the Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Boarrower acknowledges that the cosi of the insurance coverage so
<br />obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amaunts disbursed
<br />by Lender under this Section S shall becoxne additional debt of Borrower secured by this 5ecurity Instrument. These
<br />amounts shall bear interest at the Note rate from the date of disbutsement and shall ba payable, with such interest,
<br />upon natice from Lender to Borrawer requesting payment.
<br />All insurance palicies required by I.ender 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 �.ender requires,
<br />Barrawer shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />form of insurance coverage, not otherwise required by Lender, fox damage ta, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss
<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. llnless Lender and Barrower 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 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 I..,ender
<br />has had an opportunity to inspect such Praperty to ensure the work has been completed to Lender's satisfaction,
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<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFOF�'fGl INSTRUMENT - MERS oocMagic ��rrnn� saa•sas-rssz
<br />Form 3028 1/01 Page 4 of 11 www.docmagic.com
<br />Ne3028.mzd.xml
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