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<br />R�'-R'�CORDED �� 2 O 10 U� 412
<br />2010U'7Sf 1
<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 ar� sa insured) or in any Federal Home Loan
<br />Bank. Lender shall apply the Funds ta pay the Escrow Items no later than the time specified under RESPA. Lender
<br />shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escraw Items, unless L,ender pays Borrower intar�st on the Funds and Applicable Law permits Lender to make
<br />such a charge. Unless an agreerr�ent is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />Lender sha11 not be required to pay Borrower any interest or earnings on the Funds. Borrawer 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 required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, L,ender shall account to Borrnwer for
<br />the excess funds in accordance with RESPA. If tk►ere is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Boxrower shall pay to Lender the aYxaount 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 defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br />shall pay to Lender the amount necessary to make up the de�ciency 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 Instrument, Lender sha11 promptly refund to Borrowet'
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessrnents, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security instrument, leasehold paym�nts or ground 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 />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrawer:
<br />(a) agrees in writing to the payment of the obligation secured by the lien in a mazuaer acceptable ta Lender, but only
<br />so lnng as Borrower is perfornvng such agreennent; (b) contests the lien in good faith by, ar defends against
<br />enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcernent of the lien
<br />while those prpceedings are pending, but only until such proceedings are concluded; or (c) secures frorn the holder
<br />of the lien an agreement satisfactory to L,ender subotdinating the lien to this Security Instrument. lf Lender
<br />determines 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 notice identifying the lien. Within 10 days af 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 5ection 4.
<br />Lender tYaay require Borrawer to pay a one-time charge for a real estate tax verification and/or reporting service
<br />used by Lender in connectian with this Loan.
<br />5. Property Insurance. Borrower shall keep ths improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limited to, eaarthquakes and floods, far which Lend�r requires insurance. This insutance shall be
<br />maintained in the arnounts (including deductible levels) and for the periods that Lender tequires. 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 chosenby Borrower subject to Lender's right to disapprove Borrower'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 />time charge for flaod zone determination, certi�cation and tracking services; or (b) a one-time charge for flood zone
<br />determination and certi�cation services and subsequent charges each tirne remappings or similar changes occur which
<br />reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />determination resulting frorn an objection by Borrawer.
<br />If Borrower fails to maintain any of the coverages described above, Lender rnay 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 Lender, but might or might not protect Borrower, Borrower'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 />obcained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed
<br />by Lender under this Section 5 shall beconae additional debt of Borrower secured by this Security Instrument. These
<br />amounts 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 Borrawex requesting payment.
<br />All insurance policies required by Lender 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 palicies and renewal certif'icates. If Lender requires,
<br />Borrnwer 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, for datxaage 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 additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt natice to the insurance carrier and Lender. Lender may rr►ake
<br />paroof of loss if not tnade promptly by Borcower. Unless Lender and Borrawer otherwise agree in writing, any
<br />insurance praceeds, whether or not the underlying insurance was required by Lender, shall be applieci to restoration
<br />ar repair of the Property, if che restoration or repair is economically feasible and L.�nder'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 ta ensure the work has been completed to Lender's satisfaction,
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNI�pRM INSTRUMENT - M�RS
<br />Form 3028 1/01 Page 4 of 1 1
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