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<br />Nc3028.dot.xrnl
<br />shall pay to Lcnder the amaunt necessary to make up the deficiency in accordanoe with RESPA, but in no more than
<br />12 monthly payments.
<br />Upon payment in full af all sums secured by this Security Instrument, I.,ender shall promptly refund to Borrawer
<br />any Funds held by I,ender.
<br />4. Chargea; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or graund 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 thetn in the manner provided in Section 3.
<br />Barrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:
<br />(a) agrees in writing to the payxnent of the obligation secured by the lien in a xnanner acceptable to Lender, hut only
<br />so long as Borrower is performing such agreemenl; (b) contests the lien in good faith by, or defends against
<br />enforcement of the lien in, legal proceedings which in Lender' s opinion aperate to prevent the enforcement af the lien
<br />while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the halder
<br />of the lien an agreement satisfactory to Lender subordinating the lien ta this Security Instrument. If Lender
<br />determines that any part of thc Property is subject to a lien which can attain priority 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 />Barrower shall satisfy the lien or take one or mare of the actions set forth above in this Section 4.
<br />Lender may require �arrawer to pay a one-timc charge For a real estate tax verification and/or reporting service
<br />used by Lender in connectian with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereaFter erected on the
<br />Property insured against lass 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 />maintainad in the atxxounts (including deductible levels) and For the periads that Lender requires. What I,ender
<br />requires pursuant to the preceding sentences can change during the term of the I,aan. Tha insurance carrier pcaviding
<br />the insurance shall be chasen by Borrower subject to Lender' s right to disapprove Borrow�r' s choice, which right shall
<br />not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a onc-
<br />time charge for flaod zone detarmination, certification and kracking services; or (b) a one-tinr�e charge for flood zone
<br />deterraination and certification services and subsequent aharges each time rernappings or siznilar changes occur which
<br />reasonably might aPfect such determination or certification. $orrower shall also be responsible for the payment of
<br />any fees imposed by the �'ederal Emergency Manap,ement Agency in connection with the review of any t7ood zone
<br />determination resulting from an abjection by Borrowcr.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insuxanae coverage, at
<br />Lender' s option and Borrower' s expense. Lander is under no obligation to purchase any particular type ar amount
<br />of coverage. Therefare, such coverage shall cover Lender, but might or might not protect Borrawer, Borrower's
<br />equity in the Praperty, or the cnntents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser caverage than was praviously in effect. Barrower acknowledges that the cost af the insurance coverage so
<br />obtained might significantly exceed the cost of insurance that Borrower could have abtained. Any amounfs disbursed
<br />by Lender under this Seotion S shall become additional debt of Borrower secu.red by this Security Instrument. These
<br />amounts shall bear interest at the Note ratc from the date of diebursement and shall be payable, with such interest,
<br />upon notice from Lender to Borrow�r requesting payment.
<br />All insuranae palicies requir�d by Lender and renewals of such policies shall be subjeat ta Lender's right 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 ta hold the policies and renawal certifiaates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid pcemiums and renewal notices. If Barrower obtains any
<br />£orm of insurance coverage, nat otherwise required by Lender, for damage to, or destruction af, the Property, such
<br />policy shall include a standard mortgage clause and shall name Lcnder as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. I.,ender may make
<br />proaf af loss if not made promptly by Barrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance proceeds, whether or nat the underlying insurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, if the restoration or rapair is economiaally feasible and Lender's aecurity is not lessened.
<br />During such repair and restaratian 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 ta Lender's satisfaction,
<br />pravided that such inspectian shall be undertaken promptly. Lender may disburse pxoceeds for the repairs and
<br />restoration in a single payment or in a series of progress paytnents as the work is completed. Unless an agreement
<br />is made in writing or Applicable Law requires interest to be paid on such insurance paraceeds, Lender shall not be
<br />required ta pay Borrower any interest ar earnings on such proceeds. Fees for public adjusters, ar ather third parties,
<br />retained by �orrower shall not be paid out of the insurance proceeds and shall be the sole obligatian of Bdrrower.
<br />If the �'estoration or repair is nat economically feasible or L,ender' s security would be lessened, the insurance prooeeds
<br />shall be applied to the suma seaured by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in the order provided for in Seation 2.
<br />If Borrower abandons the Property, I,ender may file, negotiate and settle any available insurance claim and
<br />related rnatters. If �orrower does not respand within 30 days to a notice fram Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may negotiate and settle the claim, The 30-day period will begin when the
<br />notice is given. In either event, or if Lender acquiras the Property under Section 22 or otherwise, Borrowc:r hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Security Instrument, and (b) any other of Borrawer's rights (other than the right to any refund
<br />of unearned premiums paid by Barrower) under all insurance policies covering the Praperty, insofar as such rights
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3D28 1/01 Page 4 of 11
<br />DpcMaglc � soo-sa9-i3a2
<br />www. docmaglc. com
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