|
2oloo�sis
<br />Ne3Q28.mzd.xml
<br />The Funds sha11 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 sa insured) or in any Federal Home Loan
<br />Bank. I,ender 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 che Funds, annually analyzing the escraw account, or verifying
<br />the Escrow ltems, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br />such a charga. Unless an agreement is made in writing or Applicabl� Law requires interest to be paid on the Funds,
<br />Lender shall not be required to pay Borrower 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 required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, L.ender shall account to Borrower for
<br />the excess funds in accordance with RESPA. lf there is a shortage af Funds held in escrow, as de�ned under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender 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 defined under RESPA, Lender shall notify Borrower as required by RESPA, and $otrower
<br />sh�ll pay to Lender the arnount necessary ta make up the deficiency in accordance with RESPA, bat in no mare than
<br />12 monthly payments.
<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 a11 taxes, assessments, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the
<br />Property, if any, and Cornmunity Association Dues, Fees, and Assessments, if any. To the extent that these items
<br />are Escrow Items, Borrower shall pay them in the manner pravided in Section 3.
<br />Borrow�r 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 rnanner acceptable to Lend�r, but only
<br />so long as Boz�rower is performing such agreement; (b) contests the lien in good faith by, or defends against
<br />enforcement of the lien in, legal proceeclings which in Lender's opinion operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such praceedings are concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. if Lender
<br />deterniines that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br />Lender may give Botrower a notice identifying the lien. Within 1U 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 r�al estate tax verification and/oz' reporting service
<br />used by Lender in connection with this Loan.
<br />S. Yroperty Insurance. Borrower shall keep the 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, earthquakes and floods, for which Lender requires insurance. This insurance shall be
<br />maintained in the amounts (including deductible levels) and for the periods that Lender requiras. What L.ender
<br />requires pursuant to the preceding sentences can change during the term af the l.oan. The insurance carrier providing
<br />the insurance shall ba chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall
<br />nat be exercised unreasonably. Lender rnay require $orrower to pay, in connection with this Loan, �ither: (a) a one-
<br />tima charge for flood 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 similar changes occur which
<br />reasonably might affect such determination or c�rtificatian. Barrawer shall also be responsible for the payment of
<br />any fees imposed by the Federal �znergency Management Agency in connection with the review of any flood zone
<br />deterrnination resulting from an objection by Borcower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or arnount
<br />of coverage. Th�refore, such coverage shall cover Lender, but might or might not prntect Borrower, $orrower's
<br />equity in the Property, or the cont�nts of the Property, against any risk, hazard or liability and rnight provide greater
<br />or lesser coverage than was previously in effect. Borrower acknowledges that the cast of the insurance coverage so
<br />abtained might significantly exceed the cost of insuranca that Borrower could have obtained. Any arnounts disbursed
<br />by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrurnent. These
<br />amounts shall bear interest at ihe Note rate from the date of disbursement and shall be payable, with such interest,
<br />upon notice frorn Lender to Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to L,ender's tight 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. lf Lender requires,
<br />Borrower shall promptly give to L.ender a11 receipts of paid premiums and renewal notices. If Borrower obtains any
<br />form of insurance coverage, not otherwise required by I,ender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as az� additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance caarrier and Lender. Lender may make
<br />proof of lass if not made pror�aptly by Borrower. Unless L,ender and Borrower otherwise agree in writing, any
<br />insurance praceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration
<br />ar 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 Lender
<br />has had an opportunity to inspect such Property to ensure the work has been completed to L.ender's satisfaction,
<br />NEBRASKA--Single Family--Fannie Maa/Freddie Mac UNIFORM INSTRUMENT - MERS
<br />Form 3028 1/01 Page 4 of 1 1
<br />��
<br />m�S
<br />DocMagic � aoo-sas-�3sz
<br />www. dacmagic. cpm
<br />
|