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<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Horne Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<br />shall not charge $nrrower for holding and applying the Funds, annually analyxing the escrow account, or verifying
<br />the Escrow Iterns, unless Lender pays Borrower interest on the Funds and Applicabla Law permits I.,ender to make
<br />such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />Lender shall not be required to pay Borcower any interest or earnings on the Funds. Borrower and Lender can agre�
<br />in writing, however, that interest shall be paid on the Funds. L.ender shall give to Borrower, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Barrower as required by RESPA, and Borrower shall pay ta Lender the amount necessary to rnake
<br />up the shortage in accordance with RESPA, but in no mora than 12 monthly payments. If there is a deficiency of
<br />Funds held in escrow, as defined under R�SPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br />shall pay to Lender the amount necessary to make up the de�ciency in accordance with RESPA, but in no more than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any �'unds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, �nes, and impositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the
<br />Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent thaC these iterns
<br />are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument uriless Borrower:
<br />(a) agrees in writing to the payrnent of the obligation secured by the lien in a rnanner acceptable to Lender, but only
<br />so long as Borrawer is perfarming such agreement; (b) contests tl�e lien in good faith by, or defends against
<br />enforcement of the lien in, legal proceedings which in Lendear's opinion operate to prevent the enforcem�nt af the lien
<br />while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactary to Lender subordinating the lien to this Security Instrument. If Lender
<br />det�rnaines that any part of the Property is subject to a lien which can attain priority over this Security Tnstrument,
<br />I..ender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br />Borrower shall satisfy the lien or take one or rnore 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�cation and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. $orrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limited ta, earthquakes and floods, for which I,ender requires insurance. This insurance shall be
<br />maintained in the amounts (including deductible levels) and for the periods that Lender requires. What L,ender
<br />requires pursuant to the preceding sentences can change during the tez�x� of the Loan. The insurance carrier providing
<br />the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall
<br />not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-
<br />time charge for flood zone deternunation, certificatian and tracking services; or (b) a one-time charge far flood zone
<br />deternunation and certification services and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect such deternunation or certification. Borrower sha11 alsn be responsible for the payment of
<br />any fees imposed by the Federal �mergency Management Agency in cannection with the review of any flaod zone
<br />deterrxiination resulting frozn an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, I.ender may obtain insurance coeerage, at
<br />L.ender's option and Borrower's expense. Lender is under no obligation to puxchase any particular type or amount
<br />of coverage. Therefore, such coverage sha11 cover Lender, but rnight or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents af the Property, against any risk, hazard or liability and might provide greater
<br />ar lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so
<br />obtained rnight significantly exceed the cost of insurance that Borrower could have obtained. Any amaunts disbursed
<br />by L.ender under this Section 5 shall become additional debt of Borrawer secured by this 5ecurity Instrument. These
<br />amounts shall bear interest at the Note rate frorr► the date of disbursement and shall be payable, with such interest,
<br />upon notice from Lender to Borrower requesting paym�nt.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and sha11 name Lender as mortgagee and/or as an
<br />additional loss payee. L.ender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower abtains any
<br />form of insurance coverage, not otherwise required by I.ender, for damage to, or destruction of, the Property, such
<br />policy sha11 include a standard mortgage clause and shall name Lender as,mortgagee and/or as an additional loss
<br />payee.
<br />in the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lendear and Borrawer otherwise agree in writing, any
<br />insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, if the restoration or repair is econamically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender
<br />has had an opporiunity to inspect such Property to ensure the work has been completed to Lender's satisfaction,
<br />NEBRASKA--Single Family--Fannie Mae/Freddie INSTRUMENT - MERS � DocMagic � soo-sas-�asz
<br />Form 3028 1/01 ,,Page a of 11 www.dacmagic.com
<br />Ne3028.mzd.xml
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