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�o�vo�s�� <br />Borrower shall promptly discharge any lien which has priority over chis Security Instrurnent unless <br />Borrower: (a) agrees in writing to the paynnent of the obligation secured by the lien in a rnanner acceptable <br />to Lender, but only so long as Boa�xower is perfornung such agreement; (b) contests the lien in good faith <br />by, or defends against enforcement of the lien in, legal pmceerlings which in Lender's opizuon operate to <br />prevent the enforcement of the lien while those proccedings are pending, but only until such proceedings <br />are concluded; or (c) secures fram the holder af the lien an agreernent satisfactory to Lender subordinating <br />the lien to this Security Instrument. If Lender determines that any part of ttxe P�roperty is subject to a lien <br />which can attain priority over this Security Instrument, Lender rnay give Borrower a notice identifying the <br />lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy tl�e lien or take one ar <br />rnore of the actions set forth abave in this Section 4. <br />I.ender may require Bprrower to pay a one-time charge for a real estate ta�c verification and/or <br />r�parting service used by Lender in connection with this Loan. <br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on <br />the Property insured against lass by fire, hazards included within the term "extended coverage," and any <br />other hazards including, but not limited ta, earthquakes and floods, for which Lender requires insurance. <br />This insurance shall be maintained in the arnounts (including deductible levels) and far the periods that <br />I.ender requires. What Lender requires pursuant to the preceding sentences can change during the term of <br />the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject ta Lender's <br />r�ght to disapprove Borrower's choice, which right shall not be exercised unreasonably. I.ender may <br />require Borrower to pay, in connectian with this Loan, either: (a) a one-time charge for flood zone <br />deternunation, certification and tracking services; or (b) a one-tirne charge for flood zon� detemunation <br />and certification servic$s and subsequent charges each time rernappings or similar changes occur which <br />�e�o��ry might affect such deternunation or certification. Borrower shaJ.l also be responsible for the <br />payment of any fees impos�d by the Federal Ernergency Management Agency in connection with the <br />review of any flpod zpne determination resulting from an objection by Borrower. <br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance <br />coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any <br />particular type or amount af coverage. Therefore, such coverage shall cover I.ender, but might ar might <br />not protect Borrowex, Borrower's equity in the Property, or the contents of the Property, against any risk, <br />hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower <br />acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of <br />insurance that �orrower could have obtained. Any arnounts disbursed by Lender under this Section 5 shall <br />become additional debt of Borrower secured by this Security Instz�ument. These amaunts shall beaz interest <br />at the Note rate frorn the date of disbursement and shall be payable, with such interest, upon notice from <br />Lender to Borrower requesting payment. <br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's <br />right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as <br />mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal <br />certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiunns and <br />renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, <br />for damage to, or destruction of, tt�e Property, such policy shall include a standard mortgage clause and <br />shall name I.,ender as mortgagee and/or as an additional loss payee. <br />In the eveant of loss, Barrower shall give prompt notice to the insurance carrier and Lender. Lender <br />may make proof of loss if nat made prarnptly by Borrower. Unless Lender and Borrower otherwise agree <br />in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall <br />be applied to restoration or repair of the Property, if the restoration pr repair is econornically feasible and <br />Lender's security is not lessened. During such repair and restoration period, I.ender shall have the right to <br />hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the <br />NEBRASKA - Single Family - Fannis Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-B�NE) (osi il Page 8 of 15 Initia �`� Fwm 3028 7/p7 <br />a ; � Q'f s � ' <br />