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201�0�630
<br />shall pay to Lender the amount necessary to make up the deficiency in accordance with RESFA, but in no more than
<br />12 monthly payraents.
<br />Upon payment in full of all surns secured by this Security Instrument, I.ender shall promptly refund to Barrpwer
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Froperty which can attain priority over this Security Tnstrument, leasehold payments or graund rents on the
<br />Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items
<br />are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Bonower shall prornptly discharge any lien which has priority over this Security Instrument unless Bprrower:
<br />(a) agrees in writing ta the payment of the obligation secured by the lien in a manner acceptable to Lender, but anly
<br />so long as Borrower is perfornling 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 operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but anly until such proceedings are concluded; ar (c) secures from the holder
<br />of the lien an agreernent satisfactory to L.ender subordinating the lien to this Security Instrurnent. If Lender
<br />detemiines that any part of Che 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 />Bonower shall satisfy the lien or take ane or rnore of the actions set forth above in this Section 4.
<br />Lender rnay 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 Laan.
<br />5. Property Insurance. Borrower shall keep the improveinents now existing or hereafter erected on the
<br />Praperty insured against loss by fire, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes and floods, far which Lender requires insurance. This insurance shall be
<br />maintained in the amounts (including deductible levels) and for the periods that L,ender 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 shall be chosen by Borrower subject to L,ender's right to disapprove Borrower's choice, which right shall
<br />not be exercised unreasonably. L.ender may require Borrower to pay, in connectian with this Loan, 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 />detemunation and certification services and subsequent charges each tinne remappings or similar changes occur which
<br />reas�nably might affect such detemzination or certification. Borrower shall also be responsible for the payrnent of
<br />any fees imposed by the Feder�l Emergency Management Agency in connection witli the review of any flood zone
<br />determination resulting frorn an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, L,�nder 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. Therefare, such coverage shall cover Lender, but might or might not protect Borrow�r, Bonower'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. Borrower acknowledges that the cost of the insurance coverage so
<br />obtained might significantly exceed the cost of insurance that Borrawer could have obtained. Any amounts disbursed
<br />by Lender under this Section S shall become additional debt of Borrower secured by this Security Instrurnent. These
<br />amounts shall bear interest at the Note rate from the date of disbursernent and shall be payable, with such interest,
<br />upon notice from Lender to Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to I.ender's right to
<br />disapprove such policies, sha11 include a standard rnortgage clause, and sha11 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 />Borirower shall promptly give to Lender all receipts of paid prerniums and renewal notices. If Borrower obtains any
<br />form of insurance coverage, not otherwise required by L,ender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard rnortgage clause and shall name I.ender as rnortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prornpt notice to the insurance carrier and Lender. L,ender may make
<br />praof of loss if not made promptly by Barrower. Unless L,�nder 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 repaar is economically feasible and Lender's seaurity is not lessened.
<br />During such repair and restoration period, Lcnder 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 campleted to Lender's satisfaction,
<br />provided that such inspection shall be undertaken prornptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of progress payrnents as the work is completed. Unless an agreement
<br />is made in writing or Applicable l.aw requires interest to be paid on such insurance proceeds, I.ender shall not be
<br />required to pay Borrower any interest or earnings on such proceeds. Fees far public adjusters, or other third parties,
<br />retained by Borrnwer shall not be paid aut of the insurance proceeds and shall be the sole obligation of Borrawer.
<br />If the restoration or repair is not econornically feasible or L,ender's security would be lessened, the insurance proceeds
<br />shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds sha11 be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and
<br />related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender rnay negotiate and settle the claim. The 30-day period will begin when the
<br />notice is given. In either event, ar if Lender acquires the Property nnder Section 22 or otherwise, Borrower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund
<br />af unearned premiums paid by Borrower) undex all insurance policies covering the Property, insofaz as such rights
<br />NEBRASKA--Single Family--Fannia MaelFreddie Mac UNIF�RM INS7RUMENT DpcMagic
<br />Form 3028 1/01 Page 4 of 1 1
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