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<br />The Fur�ds shall be held ir� an i�astitutio» wllose deposits are insured by a federal agency, instruitie�xtality, or
<br />entity (including Lender, if' Lender is �r� ir�skitution wl�ose deposits are so ins�rred) or in any Federal �Iome Loat�
<br />Bank. Lender shall apply the Funds to pay the Escrow Itei��s tao later tlaa�� the tiane speci�ed under RESPA. T.,ender
<br />shall not charge Borrower for holdittg aiid applying the Funds, �mually analyzing the escrow accouut, or verifying
<br />the Escrow Items, unless I,ender pays Borrower inferest oii t.he Funds and Applicable Law p�rmits Lender to rnake
<br />such a charge. Unless an agreament is made iu writing or Applicable Law reyuires interest to Ue p�yid on the I^imds,
<br />Lendar shall not be required to pay }3orrower any iuterest or earnings on the Punds. Barrow�r and Lender can agr�e
<br />in writing, how�ver, that interest shall be paid on the f�unds. Lender shall give to �3orrower, without charge, an
<br />annual accounting of tha Funds as required by RESPA.
<br />lf ther� is a surplus oF Funds h�ld in escrow, as defined under RESPA, Lender shall account to Borrower for
<br />thc excess fiinds in accordance with RESPA. If there is a shortage of Fuuds held in escrow, as defined u��der RF,SPA,
<br />Lender shall notify Borrower as required by RESPA, and .Borrower shall pay to Lender the amount necessary to �nake
<br />up the shortage in accordance with RESPA, but in no tnore than 12 inonthly payments, if tliere is a de�ciency of
<br />Piu►ds held in escrow, as de�ned under RF,SPA., Lender slaall i�ofify Borrower as required by RESPA, and Borrower
<br />shall pay to Lender the a�nouc�t necessary to tnake up the deficiency in accordance wit}� RESPA, but in i�o more than
<br />12 monthly payme�its.
<br />Upon payment in fiill of all sums secured by tliis Security lnstrument, Lend�r yhall promptly refiuid to 13orrower
<br />any Funds held by Lender.
<br />4. Charges; Liens. �3orrower shall pay all taxes, assessments, charges, fi►ies, a.nd impositions attriUutable to
<br />the Property which can attain priority over this Security Instrument, leascho(d payments or ground rents on the
<br />Property, if auy, and Community Association llues, f; ees, and Assessments, if any. 1'o the extent that these items
<br />are Escrow lcems, Borrower shall pay them iii the manrier provided in Section 3.
<br />F3orrower shall promptly discharge any lien which has priority over this Security iristrurrient ur�less Borrower:
<br />(a) agrees in writing to the pay��lent of the obligation secured by tlze lien in a tzaanner acceptable to �,ender, but oz11y
<br />so lozag as F3orrower is perforining such agreernerit; (b) co��tests the lien in good faith by, or defends against
<br />enforceznent of the lien in, legal proceedings which ia� I.ender's opinion operate to prevent the enforceinent of the lien
<br />while those proceedings are pezading, but only uratil suct� proceedings are co�acluded; or (c) secures t'rom the holder
<br />of the lien an agreeznec�t satisfactory to Lender subordiiiating the lien lo Chis Security Instrument. If Lender
<br />determines that any part of the Properly is subject to a lien which can attain priority over this Security Instrument,
<br />Lender may give 13orrower a notice identifyin� the lien. Within 10 days of the date on which that notice is given,
<br />$orrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4.
<br />Lender may require Borrower tp pay a one-time charge for a real estate tax verification and/or re�orting service
<br />used by Lender in connection with this Loan.
<br />5. Praperty Insurance. Borrower shall keep the iinprovements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within thc t�rm "extended coverage," azzd any otl►er hazards
<br />iucluding, but not lirnited to, earthquakes and floods, for whiclz Leuder requiz�es insurance. This insurance shall be
<br />maintained in the amounts (including deductibla levels) a�id for the periods that Lender requires. What I�et�der
<br />requires pursuant to the preceding seuteiices can change during the term of the I ,oan. The insurance carrier providing
<br />tk�e insurance shall be chosen by E3orrower suUject to Lender's right to tlisapprove Borrower's choice, which ri�ht shall
<br />not be exercised unreasonably. Lender may require Borrower to pay, in co��t�ection witl� this Loan, either: (a) a one-
<br />time charge for flood zone determination, certi�cation and tracking services; or (b) a one-time charge for flood zone
<br />determination and certi�cation services and subsequent charges each tiine reAnappings or similar changes occur which
<br />reasouably might affect such deter�nination or certification. Borrower shall also be responsible for the payinent of
<br />any fees imposed by the Federal Emergency Management Agency iii coi�z�ection with the review of any flood zotie
<br />determination resultiz�g from an objection by f3orrower.
<br />If Borrower fails to maintain any of the coverages described above, I.e�ider may obtain insurance coverage, at
<br />Lender's option aud Borrower's expense, Lender is under no obligation to purch�se any particular typ� or aniount
<br />of coverage. Therefore, such coverage shall caver Lender, but might or inight not protect }3orrower, Borrower's
<br />equity in the Property, or Ihe contents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser cavera�e than was previously ix� effect. Borrower acknowledges that the cost of the insurance coverage so
<br />obtained inight significantly exceed the cost of insurance that f3orrower could have obtained. Auy amou�ics disbursed
<br />by Lender iu�der this Saction 5 shall becoane additional debt af I3orrower secured by this Security Instrut��ent. These
<br />amounts shall bear interest at the Note rate from the date of disbursen�ec�t and shall be payable, with such interest,
<br />upon notice fro►n Lender to Borrower requesting payment.
<br />All insurance policies required by Lender �►nd renewals of such policies sliall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, a��d shall name Lender as n�ortg�gee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If J,ender requires,
<br />E3orrower shall proxnptly �ive to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />fonn of insurance covera�;e, nvt otherwise required by Lender, for daniage to, or destructian of, the Property, such
<br />policy shall include a standard inortgage clause and shall naine Leuder as �nortgagee and/or as an additional loss
<br />payee.
<br />ln the event of loss, Borxower shall give prompt notice to the insurance carrier and Lend�r. Lender may �nake
<br />proof of loss if not inade promptly by f3orrower. Unless Lender and Borrower otherwise agree in writing any
<br />insurance proceeds, whetller or not the underlying insurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, it the restoration or repair is ecor�oinically feasible a�ad Lender's security is not lessened.
<br />During such repair and resloration period, Lender sl�all kaave tlie right to hold such insurance proceecls until Lender
<br />has had an opportunity to inspect such ProperCy to ensu��e the work has beei� completed to Lendec's satisfaction,
<br />NEBF�ASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUM�NT - MERS DqGMdgICQr�tuPflT�i7�1 800-649-1362
<br />Form 3028 1l01 Page 4 of 11 www.docmaglc.com
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