|
2olooss3o
<br />Borrower sha�l pronnptly discharge any lien which has priority over this Security Instrument unless
<br />Borrowear: (a) agrees in writing to the payment of the obligation secuared by the lien in a manner acceptable
<br />to I.,ender, but on.ly so long as Bonower is performing such agreement; (b) contests the lien in good faith
<br />by, or defends against enforcement of tk�e lien in, legal proceedings which in Lender's opinion operate to
<br />prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings
<br />are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating
<br />the lien to this Security Iustrument. I:f Lender detern�ines that any part of the Property is subject to a lien
<br />which can attaiu priority over this Security Iastrument, I,ender may give Borrower a natice identifying the
<br />lien. Wichin 10 days of the date on which that notice is given, Borrower sha11 satisfy the lien or take one or
<br />more of the actions set foarth above in this Section 4.
<br />I.,ender may xequire Borrower to pay a one-time charge for a real estate tax verification and/or
<br />reporting service used by Lender in connection with this Loan.
<br />S. Property Insurance. Borrower shall keep the irnprovements now existing or hereafter erected on
<br />the Praperty insurcd against loss by fire, hazards included within the term "extended caverage," and any
<br />other hazards including, but not limited co, earthquakes and floods, for which L.ender requires insurance.
<br />This insurance shall be maintained in the amounts (includiang deductible levels) and for the periods that
<br />L,ender requires. What Lender requires pursuant to the preceding sentences can change during the term of
<br />the I.oan. The insurance carrier providing the insurance shall be chosen by Borcower subject to �,ender's
<br />right to disapprove Borrower's choice, which right sha11 not be exercised unreasonably. I.ender may
<br />require Borrower to pay, in conneccion wich this Loan, either: (a) a one-time charge for flood zone
<br />determination, certi�cation and tracking services; or (b) a one-time charge far flood zone determination
<br />and certification services and subsequent charges each time reznappings or similar changcs occur which
<br />reasonably might affect such determination or certi�cation. Borrower 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 detezxnination resulting frorn an objection by Borrower.
<br />If Borrower fails to �naintain any of Che coverages described above, Lender nnay obtaan insurance
<br />coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any
<br />particulaz type or amount of coverage. Therefore, such coverage shall cover Lender, but might or rnight
<br />not protect Borrower, $orrower's equity in the Praperty, or the contents of the Property, against any risk,
<br />hazard ar liability and might provide greater or lesser coverage than was previously in effeCt. Borrower
<br />aclrnowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of
<br />insurance thac Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall
<br />become additional debt of Borrower secured by this Security Instrument. These azn.ounts sha11 bear interest
<br />at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from
<br />Lender to Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
<br />right to disapprave such policies, shall include a staudard mortgage clause, and shall name I,ender as
<br />mortgagae and/or as an additional loss payee. T.,ender 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 premiums and
<br />renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender,
<br />for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and
<br />shall name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender
<br />may make proof of loss if not made 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 and
<br />Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to
<br />hold such insurance proceeds until L.ender has had an opportunity to inspect snch Property to �nsure the
<br />NEBRASKA - Single Family - Fannie Mae/Preddie Mac UNIFORM INSTRUM�NT
<br />�-6(NE) loet t 1 Paae B ot t 5 �nitia�s � Form $028 1I07
<br />y �
<br />;
<br />r ,t . :
<br />
|