Laserfiche WebLink
201008447 <br />Bormwer sttall promptly di�ct�arge any lien which has priority over thia Se�urity Insri�t�ment tXnless <br />Borrower: (a) agrees in writing to tha payment of the obligation secuted by the li�, in a nmanner accepiable <br />to I.ender, but only ao long as Borrowe+r is performing suc�h �ent; (b) contests the lien in good faith <br />by, or defe�ds against enforcement of the lien in, legal proceadings which in I�'s opinioa operate to <br />prevent the enforcement of the lien while those proccedings ane pending, but only until such proceedings <br />are concluded; or (c) secur� from the holder of the lien an �r�ea�t sati�factory to Y.eader subordinating <br />the lien ta this Security Inst►�ument. If Lender detetxn�ines t�aat any part of the Pro�rty is subject to a lien <br />which can attain priority over this Security insCrwnent, I.,endec xnuy give Borrower a natice identifying the <br />lien. Within 10 days of the dat� on which tlaat natice is given, Borrower aha�l satisfy the lien or take one ar <br />more af the actions sex forth above in this Section 4. <br />Lender may require Borrower to pay a onc�ttim� charge for a real estate tax verificat�ion and/or <br />reporting service used by I.endex in cnnnection with this Loan. <br />5. Property Inswran�e. Borrower sl�all kee� the improvements now existing or hereafter ere�ted on <br />the Property insured against loss by fire, hazards includ�d within the term "extended caverage," and any <br />other hazards including, but �t limite� to, earthquakes and tloods, for which Lender require�s insurance. <br />This insurance ahall be maintain�d in thc amounts (i;�lud.ing deductible lev'els) and for the periads that <br />Lender requires. What L.en�der requires pursuant to the preceding sent� can cbange during thc term of <br />the I.oan. The insurance carrier providing the insurance shall be clwsen by Bormwer subject ta L.ender's <br />right w disapprove Borrower's choice, wlrich right shall not be e��ercisad unrcasonably, L�der may <br />r�uire Borrower to PaY in connection with this Loan, either: (a) a on�tim� charge for flood zone <br />deternrination, c�ertification and tracking scrvice�s; or (b) a one-tiine chargc for flood zone dct�nination <br />and certification services and subsequent charges each time remapping� or $imi�lar changes occur which <br />reasanabty might affect such de�ermination or ceRification. Borrower ahall also be res�nsible for the <br />payrnent of any fees imposed by the Federal Er�ergency Managen�cnt Agcancy in connxtivn with the <br />review of any flo�d zone d�rminatian resuldng from an objeaion by Bormwer. <br />If Horrowcr fails to maintain any of the coverages described above, L,ender may obtain insurance <br />voverago, xt Lender's aption and Bornower's expease. Le�er is under no obligaCion to purchase any <br />parCicuJar type or amouat of coverage. Therefore, such caverage ahall oover L�nder, but might or might <br />not protect Borrower, Borrowcr's equity in the Property. or the contents of the Property, against �ny risk, <br />hazard or liability and might provide greater or lesser coverage tl�an was previously in effect. Barrowerr <br />acla�owledge� that the oost of the insu�rrance coverage so abtaiined might siguificantly excced Che cost of <br />insurance that Borrower aould have obtained, Any an�unta disbur�ed by Lender under tlus Section 5 shall <br />becamue addi�tional debt of Borrower secured by this Security Instniment. Theee arnounts shall bea�r i.nte�nest <br />at the Note rate firom the date of disbureement and shall bc p�yable, with such interest, upon notice from <br />Lcnder to Borrower requesting PaYu�ent• <br />All insvr�uce policies reqrxired by L,ender and renewals oF surh policies shall be subject to Lender's <br />right ta disapprove such policies, shall incl�e a standard n�ortgage clause. a�ad sha11 natne I.easier as <br />mortgagee aud/or as an addidoaal loss payee ��i ��� ct� ri�c � n�ra r� �1���� �a � <br />certificatcs. If L,ender requirc,�, Borrower shall pmmptly give to Lender all receipts of paid premiums and <br />renewal nodcea. If Borrower obtains any form af insurancx coverage, not otherwiee required by Lender, <br />for darnage Co, ar destn�ction of, the Property, such policy ahall inrdude a atandard mortgage clause and <br />shall name Lender as �rtgagee a�ui/or as an addirional loss payce. <br />[n the eve�t af loss. Borrower shall give prnmpt notice to the inauraace carxier and I..ender. Le�nder <br />may make pmaf of loss if x�t made promptly by Borrower. UNess L.eader and Borrower otherwise agree <br />in wriw�g, a�ny inaurance proc�eed.a, whe�her or not the underlying insurance was required by L,ender, shall <br />be applied w restoration or repair of t� Property, if the r�storation or repair is econ�mically feasible and <br />Lcnder's security is not lesaened. During sucb, repair a�! res�vration period, I�r shall have the �ght to <br />hold such insuranoe proceeds �rntil L,ersder has had an opportunity to inspect such Property to cnsune the <br />NEBRASKA - Sinple Famfly - Fanr� Ma�/Fnddb Mac UNIFORM INSTRUMENT <br />�-8(NE) loet �� Pape e o� t 6 innNh: Form 9AT8 1/01 <br />