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<br />�ails to pay tkie aznount due �or an Escrow Itezn, Lender may exercise its rigl�ts under Section 9 and pay such amaunt and
<br />Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any
<br />or ali �:scrow Items at any time by a notice given in accorda�nce with Section 15 and, upon such.revcx:ation, Borrower shall pay
<br />ta Le�xderrall Funds, and in such amounts, that are Chen reyuired under this Section 3.
<br />Lender may, at any time, collect and hold Punds in an amount (a) sufficient to permit Lender to apply the Funds at tlte
<br />tit�ne specified und�r RESPA, and (b) not to exceed the maximum amUUnt a lender can require under RESPA. Lender shall
<br />estimate the amount of Funds due on the .basis of current data and reasonable estimates of expenditures of future Escrow Items
<br />or otherwise in accordance with Applicable Law.
<br />"Che �'unds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or e�tity
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Fecleral Hozne L�an Batilc. I.ender shall
<br />apply the �'unds to pay the �scrow Items no later than the time specified under It�SPA. Lender shall not charge Borrower for
<br />holding and applying the Funds, annually analyzing the escrow account, c7r verifying the Escr�w Items, unless Lender pays
<br />Borrower interest on the Funds and Applicable Law permits Lender ta make such a charge. Unless an agreement is made in
<br />writing or Applicable I,aw requires intezest to be pa�d on the �'unds, I.ender shall not be required to pay Borrower any interest
<br />or earnings on the Funds. I3orrc>wcr and Lcndex can a�ree in writing, ltowever, thaC interest shall. be paid c�n the Funds. Lender
<br />shall give to $orrower, withouC c:harge, an annual accounting of the Funds as required by RESPA.
<br />Tf there is a sur�lus of Funds held in escrow, as �efined under RESPA, Lender shall account to Borrower for the excess
<br />funds in accc7rdance with RESPA: If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify
<br />Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to taaake up the shortage in
<br />accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as
<br />defined under RESPA, Lender slaall notify Borrow�r as required by RESPA, and B�rrower shall pay to Lender the amount
<br />necessary to make up the de�ciency in accordance witla RESPA, but in no nnore than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrowcr any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charg�s, fines, and innpositions attributable to the
<br />Property which can attain priority over this Security Instrument, leasehald payments or ground rents on the Property, if any,
<br />and Community Associati��n Dues, Fees, and Assessments, if any. To the extent that these items are �scrow Items, Borrower
<br />shall pay them in the manner provided in S�ction 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrum�nt unl�ss Barrower: (a) agrees
<br />in writing to tlte payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as $orrower
<br />is perforzning sucl� agreement; (b) cozatests the lien iza good faith by, or defends against enforcement of the lien in, legal
<br />proceedings which in Lender's opinion operate to prevent the enforcement of the lien while thos� proceedings arc pcnding, but
<br />only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender
<br />subc�rdinatin� the lien to this Security Instrument. If Lender dctermines that any part c�f the Property is subject tn a lien which
<br />can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Wichin 10 ciays of
<br />the date c�n which that not�ee is given, B�rrower shall sat�sfy the lien ox take one oz' more of the actions set forth abc�ve in this
<br />Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by
<br />Len�ler jn connection with this Loan.
<br />5. Property Insurance. Borrower shall kecp the improvements now cxisting ar k►exeafter erected on the Propexty
<br />insured against Ioss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which I,ender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and �or the periods that Lender requires. What Lender requires pursuant to the precedang
<br />sentences can change during the term of the Loan. Thc insurance c:arrier pravidin� the insurance shall be chosen by Borrower
<br />subject to Lender's right to disapprove Borrower's choice, which right shall nvt be exercised unreasonably. Lender may
<br />require Borrower to pay, in connection with this Loan, either: (a) a one-titne charge �or flood zone determination, certification
<br />and trackin� serviccs; or (b) a on�:-time charge for flood zone determination and certification services and subseyuent charges
<br />each time remappings or similar changes occur which reasonably migi�t affect such determination or certitication. Borrnwer.
<br />shali also be ;responsible for the payment of any fees imposed by the Federal Etnergency Management Agency in connection
<br />with the review of any flood zone determination resultizag from an, objection by Borrower.
<br />If $orrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's
<br />option and Borrower's expense. Lec�der is under no obligation to purchase any paxticular type or amount of coverage.
<br />Therefore, suc:h covera�e sl�all cover Lender, but nnight or znighC not pratecc Borrower, Borrower's equity in tlze Property, c�r
<br />the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was
<br />previously in effect. $orrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the
<br />cost ..of. insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become
<br />additional debt of Borrower secured by this S,ecurity Instrument. �hese amounts shall bear interest at the Note rate from the
<br />date of disbursement and sha11 be payable, with such interest, upon notice from I..ender to B�rrower requesting payment.
<br />All insurance policies required by Lender and renewals of suc:h policies shall be subject to Len�ler's right co disappravc
<br />such policies, shall include a standard mortgage clause, and shall name I;ender as mortgagee and/or as an additional loss payee.
<br />I,endec sha11 have the ;right to hold the policies and xenewal certificates. If Lender requires, Borrower, sha11 pxomptly give to
<br />Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not oUrerwise
<br />required by Lender, for damage to, or destruction oF, the Property, such p�licy shall include a standard mortgage clause and
<br />shall name Lender as mortgagee and/ar as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Lender and $orrower otherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lender, shall be applied to restoaration or repair of the Property, if the
<br />restoration or repai;r is economically feasible and Lender's sccurity is not lessened. During such repair and restoration period,
<br />Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to
<br />ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken proznptly.
<br />Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the
<br />work is completed. Unless an agreement is made in writing or Applicable I,.aw requires interest to be paid on such insurance
<br />proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or
<br />other third partiies, retained by Borrower shall not - be paid out of the insurance proceeds and ,shall be tlie sale oblagation of
<br />Borrower. If the restoraCion or repair is not economically �easible or J..,ender's security would be lessened, Che insurance
<br />procecds shall bc applied to the sums secured by this Security Instrurnent, whether or not then due, with the excess, if any,
<br />paid to Borr�wer. Such insurance proceeds shall be applied in tk�e order provided fpr 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 from Lender that the insurance carrier has offered to settle a
<br />claim, then Lender may negotiate and settle the claim. The 30-day peri�d will begin when the notice is given. In ei[her event,
<br />or if Lender acquires the Property under Section 22 or otk�erwise, Borrower hereby assigns to Lender (a) Borrawer's rights to
<br />any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any
<br />other of Borrower's rights (other than the right to any refund of unearned premiu�ns paid by �orrower) unde;r all insurance
<br />�olicies covering the Property, insofar as such rights a;re applicable to thc covera�e of the Property Lender may use the
<br />xnsurax►ce praceeds either to repazr or restore the Property or to pay amounts unpaid under the Note or this Securiry Instrumcnt,
<br />whether or not then due.
<br />G. Occupancy. $orrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days
<br />after the execution of this Security Instrument and sha11 continue to aeeupy the Pr�perty as Bnrrower's prineipal residenc;e fc�r
<br />at leasf one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be
<br />unreasonably withheld, or unless extenuating circumstances exist which are beyond 13orrower's control.
<br />,,,.
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM IMSTRUMENT Form 3028 1/07
<br />Bankers Systems, Inc., St. Cloud. MN Form MI)-t-NE 8/17/2000 (pnge 3 of 7/mges� ��
<br />�`a M "� +. s' � �
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