|
201008481
<br />�orrower shall promptly disclaarge any lien which has priority over this Security Instrument unless
<br />Borrower: (a) a$recs in writing to the payment of the obligation se�ure� by the lien in a rnanner ac�ceptable
<br />to i,ender, but only so long as �anrower is perforn�aing such agreement; (b) contests the lien in gpoel faith
<br />by, or defends against enforcement of thc lien in, legal proceedings which in Lender's opinian operate to
<br />prevertt che enforcement of the liet� while those proceedings are pending, but only until such pmceedings
<br />are concluded; or (c) secures from the holder of the lien an agree�t satisfacwry to L,�nder subordinating
<br />the lien w this Security Ynstiurnet�t. If I.ender detern�ines that any part of the Property is subject to a lien
<br />which can att�in priority over ttus Security 7nstrurner�t, Lender may give Borrower a notice identifying the
<br />lien. Withi,n 10 days of the date on which that notice is give�n, Borrower shall satisfy the lien or take one ar
<br />more of the actions set forth abova in this Section 4.
<br />Lender may require Borrower W pay a oz�tirne chazge for a real estate ta� vcrificatinn and/or
<br />repo�ting service used by Lender in cannection with this Loan.
<br />5. Praperty Insurance. Sorrower shall keep the improvcments �w existing an c�reaft�r erected on
<br />the Property insure� against loss by firre, hazards includeti within the term "extended coverage," and any
<br />other hazards including, but not limited to, eaxthquakes and floods, for which L,endcr rcyuire�s insurance.
<br />This i�qsurance shall be ma;nta;n� in the arnaunts (including deductible levels) and for the periods that
<br />Lender requires. What I�,,ender requires pursuant to the preceding se,ntence.s can change during the term of
<br />the Laan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's
<br />right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may
<br />require Horrvwe�r to pay, in connection� with this Lqan, either: (a) a one-ti� charge for flood wne
<br />detercnination, certificatian and tracldng services; or (b) a on�time charge far flood zo� determination
<br />and certification services and subsequent charges each time remappings or si.muilar changes occtu which
<br />reasonably might affect such detenmination or certification. Borrower shall atso be responsible fnr the
<br />payment of any fee� imposed bq the Federal Emergeqcy Manageinenz Agenc3+ in oonnection wi,t6 the
<br />review of any flood zone deternnin,ation resulting from an objection by Bpmower.
<br />If Bonrower fails to maintain any of the covexages de.acribed above, I.eader may obtain insurauce
<br />coveraga, at I.ender's option and Bormwer's expense. I.endcr is under na obliga#ian W purchase any
<br />paxticular type or a�ount af cav�rage. Therefore, such covcrage shall cover Lender, but might or might
<br />not protect Bornower, Borrow�e�r's equity in the Praperty, or the oantaats of thc Praperty, against any risk,
<br />hazard or liability a�t might provide greater or lesser caverage tha� was previously in effe�t. Barrower
<br />acla�wledges that the cost of the insurance coverage so obtained might significautly exceed the ca�t of
<br />insurance that Borrower could have abtained. Any amounts disbursed by L�der under tl�is Section 5 shall
<br />becam�e additional debt of $ormwcr secsur�d by ttus Securi�ty Inst�ument. These amounts shall bear interest
<br />at the Note rate from tl� date of disbursement and shall bc payablc, with such interest, upon notice firoui
<br />L�ender to Borrawec reqt�sting paym�t.
<br />All insurance policies required by I.eadcr and renewals of such policie�s shall be subject to I.ender's
<br />right w disapprove such policies, shall include a standard martgage clause, and shall name L,ender as
<br />mortgagee and/or as an additio�nal loss payee. Lsnder shall have the right to hold the policies and renewal
<br />certi�cates. If Lender requires� Sorrower shall prnz�nptly give W Lender all receipts of paid premiums and
<br />renewal natices. If Horrower obtains any form of insuran+ce coverage, not otherwise required by I�ender,
<br />for damage to, or destnu:tion of, the Property, such policy shall include a stan�dard zportgage clause and
<br />shall name Lender as mortgagee and/ar as an additional loss payee.
<br />In the event of loss, Hamower shall give prompt t�atice to the insnranrp �� and Lender. L.ender
<br />may make proof of lass if not made pramptly by Borrower. Unless I.ender and Horrower otherwise agaree
<br />in writing, any insura�r�ce proce�ds, whether or not the underlying insurance was required by Lsnder, shail
<br />be applied to restoration or repair of the Pmperty, if the restoration or repair is eco�mically feasible and
<br />L.euder's security is not lessened. During such repair and restoration period, Lemder 'shall have the right to
<br />hold such inxuranoe proceeds until L,ender has had an opportunity W inspect such Properiy ta ensure the
<br />NEBRASKA - Single Family - Fannts Meis/Freddio Mae UNIFORM INSTRUM�NT
<br />�-81NE) �os� �► Pna. e or �e Inhla� Form 5028 1/01
<br />
|