201008330 - Laserfiche WebLink

Browse

zoious33o BUrrow�r shall promptly discharge any lien which has priarity aver this Security Instrument unless Barrawer: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to L.ender, but only so long as Borrower is performing such agreernent; (b) contests the lien in good faith by, qr defends against enforcement of the lien in, legal procsedings which in L.ender's opinion operate to prevent the enforcement of lhe licn whi1G thas� proce�dings are pending, but only until such �roceedings are concluded; or (c) secures from the h�lder af th� li�n an agreernent satisfactory to T.ender subordinating the lien to this Security Instrument. If I.ender determines that any part of the Property is subject to a lien which can attain priority over lhis S�curity Instrurnent, Lender may give Borrower a notice identifying the lien. Within 10 days of 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 tequire �orrower to pay a one-time charge for a real estate tax vcrification and/or reporting service used by Lender in connection with this I.aan. 5. Property Ir�surance. Borrower shall keep the improvcments now existing or hereafter erected on the Praperty insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and Ploods, Far which I.ender requires insurance. This insurance shall be maintained in lhe amounts (including deductible levels) and far the periods that Lender requires. What T.ender requires pursuant to the preceding sentenc�s can change during the term af the I�oan. The insurance canier providing the insurance shall be chosen by Barraw�r subject to I.ender's right to disapprove Borrower's choice, which right shall not be exercis�d unr�asonably. L.endar rnay require Borrower to pay, in connection with this T.oan, either: (a) a one-tizne charge for t]ac�d zUn� determination, certification and tracking services; or (b) a one:-time charg� far flaod zane detsrnaination and certification services and subsequent charges each time remappings or sinnilar changss occur which reasonably might affect such determination or certification. Borrower shall alsa b� z'espansible far th� payment of any fees imposed by the Federal Emergency Management Agency in caruie�:tian with tihc review of any flood zone determination resulting from an objection by Borrower. If �3orrower f'ails ta mainkain any of t,he covera�c:s described abov�, Lender may obtain insurance coverage, at Lender's optian and Borrawer's expense. Lender is under no obligation to purchase any particular typc: ar amount of coverage. Therefore, such coverage shall cover Lender, but might or might not pratcat BUrrc�w�r, Borrower's equity in the Property, or the contents of the T'roperty, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in eff�ct. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exc�ed the cost of insurance that Borrawer could have obtained. Any amounts disbursed by Lender under this Section 5 shall became additional debt of Borrower secured by this Security Tnstrument. These amounts shall bear interest at fhe Note rat� frotn the date of disbursement and shall be payable, with such interest, upon notice from Lend�r ta Borrawer requesting payment. All insurance policies required by I..ender and renewals of such policies shall be subject to I,ender's right to disapprove such policies, 5�arr include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. T.ender shall have the right to hold the policies and renewal certificates. If L.ender requires, Borrower shall promptly give to T.ender all receipts of paid premiums and renewal notices. Tf �orrower obtains any form oF insurance coverage, not othcrwise r�quir�d by I,c:nder, for damage to, or destructian af, the Praperty, such pr�licy shall includ� a standard mortgage clause and shall name Lender as martgag�� and/ar as an additianal loss payee. In lh� event c�f loss, Borrower shall give prampt natice ka the insurance carrier and Lender. Lender may nnake praaf of lass if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by L.ender, 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 restaration period, Lender shall have the right to hold such insurance proceeds until L.ender has had an opportunity to inspect such Property to ensure the NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-BIIUE) �aai i i Pape 6 af 16 i��c�eis: �� Form 3028 9(09 V�