201007826 - Laserfiche WebLink

Browse

2�100�82� Boxrower shall promptly discharge any lien which has priority over this Secnrity Instrument unless Borrower: (a) agrees in writing ta the payment of the obligatian secur�d by the lien in a mannar acceptable to Lender, but only so long as Borrower is perfornxing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcexnent of the lien while those praceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agre�ment satisfactory ta Lender subordinating the lien to this Security Instrum�nt. If Lender detexmines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days pf the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set Forth above in this Section 4. Lender may require Borrower to pay a one-time char�e for a real estate tax veri�cation and✓or reporting service used by Lender in cannection with this Loan. 5. Froperry Insurance. Borrawer shall keep the improvexnents now existing or hereafter erected an the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires puxsuant to the preceding sentences can change during the term of the I.aan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Barrower' s choice, which ri�ht shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for fl�od zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or sirnilar changes occur which reasonably might affect such determinatipn ar certi�cation. Borrower shall alsa be responsible for the payment of any fees imposed by the Federal Emergency Management Agenoy in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the caverages described above, Lender may obtain insurance cnverag�, at Lender's option and Borrower's expense, Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrowar's ec�uity in the Property, or the contents of the Property, against any risk, hazard or liability and xni�ht provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might signi�cantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall becom� additional debt of Borrower secured by this Security Instrument. These amounts shall bcar interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All in,surance policies required by Lender and renewals af such policies shall be subject ta Lender's night to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lendar requires, Borrower shall promptly give to Lender all receipts of paid pre�m.iums and renewal notices. If Borrawer obtains any form of insurance covera�e, not otherwise required by Lender, for damage ta, or destxuction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Sorrawer shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insuraaace was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender' s security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds wntil Lender has had an opportunity to inspect such Property to ensure the 230929 NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT �-6(NE) �oa��> Pege6 of 15 i�� Form 3028 1101 � �C/