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2oiooso52
<br />V2 WBGD L�AN # 5D3036327
<br />shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary ta make up the
<br />shortage in accordance with R�SPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held
<br />in escrow, as defined under R�SPA, Lender shall natify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no mare than 12 monthly
<br />payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; L,lens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable ta the
<br />Property which can attain priority over this 5ecurity Instrument, leasehold payments or ground rents on the Property,
<br />ifany, and CommunityAssociation Dues, Fees, and Asse�sments, ifany. To the extentthatthese items are Escrow Items,
<br />Borrower shall pay them in the manner provided in Sectian 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Barrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long
<br />as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the
<br />lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while thase
<br />proceedings are pending, but anly until such proceedings are concluded; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security fnstrument. If Lender determines that any part
<br />af the Praperty is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take
<br />�ne or more of the actions set forth above in this Section 4.
<br />Lender may require Borrow�r to pay a one-time charge for a real estate tax verification and/or reporting service used
<br />by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements naw existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including,
<br />but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in
<br />the amounts (including deductible levels) and for the periods that Lender r�quires. What Lender requires pursuant to
<br />the preceding sentences can change during the term nf th� Loan. The insurance carrier providing the insurance shall
<br />be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercis�d
<br />unreasonably. Lender may require Borrower to pay, in connectian with this Loan, either: (a) a one-time charge for flood
<br />zone determination, certification and tracking services; or (b) a one-time charge for flood zone determinati�n and
<br />certification services and subsequent charges each time remappings or similar changes occur which reasonably might
<br />affect such determination or certification. Borrower shall alsa be responsible for the payment of any fees imposed by
<br />the Federal Emergency Management Agency in cannection with the review of any fload zone determination resulting
<br />from an objection by Borrower.
<br />If Borrower fails to maintain any of the caverages described above, Lender may abtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation t� purchase any particular type or amount of
<br />coverage. Therefare, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in
<br />the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser
<br />caverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained
<br />might significantly exceed the cost af insurance that Borrower could have obtained. Any amounts disbursed by Lender
<br />under this Section 5 shall become additianal debt of Borrower secured by this Security Instrument. These amounts shall
<br />bear interest at #he Note rate from the date of disbursement and shall be payable, with such interest, upan notice from
<br />l.ender ta BQrrower 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 palicies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as
<br />an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form
<br />of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall
<br />include a standard mortgage clause and shall name Lender as mortgagee and/or as an additianal loss payee,
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
<br />of loss if not made promptly by Borrawer. Unless Lender and Borrower otherwise agree in writing, any insurance
<br />praceeds, whether or not the underlying insurance was required by Lender, shalf be applied to restoration ar repair of
<br />the Property, ifthe restoration or repair is economicallyfeasible and Lender's security is not lessened. During such repair
<br />and restaration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity
<br />to inspect such Praperty ta ensure the work has been completed to Lender's satisfactian, provided that such inspection
<br />shall be undertaken promptly. Lender may disburse proceeds for the repairs and restaration in a single payment or in
<br />a series of progress payments as the wark is completed. Unless an agreement is made in writing or Applicable Law
<br />requires interest to be paid on such insurance proceeds, Lender shall nQt be required to pay Borrower any interest ar
<br />earnings an such praceeds. Fees for public adjusters, or ather third parties, retained by Borrawer shall nat be paid out
<br />of the insurance proceeds and shall be the sole abligation af Borrower. If the restoration or repair is not economically
<br />feasible or Lender's security wauld be lessened, the insurance proceeds shall be applied to the sums secured by this
<br />Security Instrument, whether or not then due, with the excess, if any, paid ta Borrower. Such insurance proceeds shall
<br />be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice fram Lender that the insurance carrier has Offered to
<br />settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the natice is given.
<br />In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender
<br />(a) Borrower's rights to any insurance praceeds in an amount not to exceed the amounts unpaid under the Nate or this
<br />Security Instrument, and (b) any other of Barrower's rights (other than the right to any refund of unearned premiums
<br />paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the
<br />coverage of the Praperty. Lender may use the insurance proceeds either to repair or restore the Property ar to pay
<br />amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />6, Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within
<br />60 days after the executian of this Security Instrument and shall continue to occupy the Property as Borrower's princip,al
<br />NEEIRASKA--Single Family--Fannle Maa/Fraddle Mac UNIFORM INSTRUMENT Form 3028 7/01 In�tials : , v J
<br />� 1999-2007 Qnline pocuments, Inc. Page 4 of 9 NE�D��D 7
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