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201008394
<br />Borrower sha11 promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrower: (a) agrees in writing to the payrnent of the obligation secured by the lien in a manner acceptable
<br />to Lender, but only so lang as Bonower is performing such agreement; (b) contests the lien in good faith
<br />by, or defends agaunst enforcement of the lien in, legal proceedings which in L,ender's opinion operate to
<br />prevent the enforcement af the lien while those proceedings are pending, but only until such proceedings
<br />are concluded; or (c) secures fram the holder of the lien an agreement satisfactory to Lender subordinating
<br />the lien to this Security Instrurnent. If Lender determines that any part of the Property is subject to a lien
<br />which can attaan priority over this Security Instrument, Lender may give Borrower a notice identifying the
<br />lien. Witb.in 1p days af the date on vvhich that notice is given, Borrower shall satisfy the lien or take one or
<br />mare of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax veri�catian and/or
<br />reporting service used by Lender in conncction with this Loan.
<br />5. Property Insurance. Borrower sha11 keep the improvements now existing or hereafter erected on
<br />the Property insured against loss by fire, hazards included within the term "extended coverage," and any
<br />ather hazazds including, but not limited to, earthquakes and floods, for which L,�nder requires insurance.
<br />This insurance shall be maintained in the amounts (including deductible levels) and for the periods that
<br />Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of
<br />the Loan. The insurance ca,rrier praviding the insurance shall be chosen by Borrawer subject to Lender's
<br />right to disapprove Borrower's choice, which right shall not be exercised unreasanably. Lender may
<br />require Borrower to pay, in coannection with this Loan, either: (a) a one-time charge for flood zone
<br />determination, certi�'ication and tracking services; or (b) a one-time charge for flood zone determination
<br />and certi�ication searvices and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect such determination or certification. Barrower shall also be responsible for the
<br />payment of any fees imposed by the Federal Emergency Management Agency in connection with the
<br />review of any flood zone determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the caverages described above, Lender may obtain insurance
<br />coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any
<br />particular type or amount of coverage. Therefore, such coverage shall cover L,Qnder, but might ar might
<br />noc protect Bonower, Borrower's equity in the Property, or the contents of the Property, against any risk,
<br />hazard or liability and might provide greater or lesser coverage than was previously in effect, Borrawer
<br />acknowledges that the cost of the insurance coverage so abtained might signi�icantly exceed the cast of
<br />insurance that Barrower could have obtained. Any announts disbursed by Lender under chis Section S shall
<br />become additianal debt of Borrower secured by this Security Instrument. These amounts shall bear interest
<br />ac the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from
<br />L.�nder to Borrower requesting payment.
<br />All insurance policies required by I.ender and renewal.s of such policies shall be subject to I.ender's
<br />right to disapprove such policies, shall include a standard mortgage clause, and shall narne Lender as
<br />mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal
<br />certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiurns and
<br />renewal notices. If Borrower obtains any form af insurance coverage, not oCherwise required by Lender,
<br />for damage to, or destruction of, the Paroperty, such policy shall include a standard mortgage clause and
<br />shall narne Lender as rnortgagee and/or as an additional loss payee.
<br />Tn the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender
<br />may make proof of lass if not rnade promptly by Borrower. Unless Lender and Borrower otherwise agree
<br />in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall
<br />be applied to restoration or repair of the Property, if the restoration or repair is econornically feasible an.d
<br />L,ender's security is not lessened. During such repair and restoration period, Y.ender shall have the right to
<br />hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the
<br />NEBHASKA - 5ingla Family - Fannie Mae/Fraddie Mac UNIFQRM INSTRUMENT
<br />�-B�NE) 10ai i 1 Page B of 15 �n�t�a�si� �• Form 3028 1l01
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