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<br />The Funds shall be held in an institution whose depasits 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 Federal Home Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tirne specified under RESPA. Lender
<br />shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow ltems, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to rnake
<br />such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />Lend�r shall not be required to pay Borarower any interest or earnings 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 requireci by RESPA.
<br />If there is a suz'plus of Punds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess funds in accnrdance with RESPA. lf there is a shortage of Funds held in escrow, as defin�d under R�SPA,
<br />Lender shall notify Borrower as required by R�SPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the shortage in accordance with R�SPA, but in na moce 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 RESFA, and Borrower
<br />shall pay to L,ender the arnaunt necessary to make 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 Instrument, Lender shall promptly refund to Borrowar
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, �nes, and impositions attributable to
<br />the Property which can attain prioxity over this Security Instrument, leasehold payments 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 rnanner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrurnent unless Borrower:
<br />(a) agrees in writing to the payrnent of the obligation secured by the lien in a nnanner 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 />enforcement of the lien in, Iega1 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 holder
<br />of the lien an agreement satisfactory to L.ender subordinating the lien to thxs Security Instrument. If L,ender
<br />deterrnines that any part of the Property is subject to a lien which can attain prioarity over this Security Instrument,
<br />Lender may 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 mare af the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a vne-time charge for a real estate tax verification and/or reporting service
<br />used by L.ender in connection with this Loan.
<br />5. Property lnsurance. Barrawer shall keep the improvemenCs now existing or hereafter erected on the
<br />Property insured against loss by �re, hazards included within tlae term "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance sha11 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 shall be chosen by Borrower subject to Lender's right to disapprove Borarower'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 fload zone determination, certification and tracking services; or (b) a one-time charge for flood zone
<br />determination and certification services and subsequent charges each time remappings or sirnilar changes occur which
<br />reasonably might affect such determination or certification. Barrower 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 from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance caverage, at
<br />I.�nder'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 oc znight 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 />ar lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so
<br />obtained might significantly exc�ed the cost of insurance that Bnrrower cauld have obtained. Any amounts disbursed
<br />by Lender under this Section 5 shall become 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 Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such palicies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, a�ad shall name Lender as mortgage� and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certi�cates. If Lender requires,
<br />Borrower shall prornptly give to Lender a11 receipts of paid premiums and renewal notices. If Borrower obtains any
<br />form of insurance coverage, not otherwise required by Lender, far damage to, or destruction of, the Property, such
<br />policy sha11 include a standard mortgage clause and shall name L.ender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of lass, Borrawer shall give prampt notice to the insurance carrier and Lender. I.ender may make
<br />proof of loss if not rnade promptly by Borrower. Unless Lender 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 Prop�rty, if the restoration oar repair is econornically 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 sakisfaction,
<br />N�BRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS DocMagic � soo-sas-i3sz
<br />Form 3028 1/01 Page 4 of 1 1 www.docmagic.com
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<br />Ne3028.mzd.xml
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