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2��008931
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />enCity (including I.,ender, if I.ender is an institution whose deposits are so insured) ar in any Federal Home Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Iterns no later than the tim.e specified under RESPA. Lender
<br />shall nat charge �orrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow Items, unless Lender pays Borraw�r interest on the Funds and Applicable Law p�rmits Lender to make
<br />such a charge. Unless an agreement is made in writing or Applicable Law requires inter�st to be paid on the Funds,
<br />L,ender sha11 not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree
<br />in writing, howev�r, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a suzplus of Funds held in escrow, as de�ned under RESPA, Lender shall account to Bocrower for
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held iz� escrow, as defined under RESPA,
<br />L.ender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary ta make
<br />up th� shortage in accordance with RESPA, but in no more than 12 monthty payments. If there is a deficiency of
<br />Funds held in escrow, as de�ned under RESPA, Lender shall notify Borcower as required by RESPA, and Borrower
<br />shall pay to Lender the amount necessary to rnake up the de�ciency in accordance with RESPA, but in no more than
<br />12 monthly payments.
<br />Upox► payment in fu11 of all surns secured by this Security Instrument, Lender shall paromptly refund to Borrower
<br />any Funds held by I�ender.
<br />4. Charges; Liens. Borrawer shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security lnstrument, leasehold payments or ground rents on the
<br />Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items
<br />ara Escrvw 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 unless Borrower:
<br />(a) agrees in writing to tk►e payznent of the obligation secured by the lien in a manner acceptable to Lender, but only
<br />so long as Borrower is perfornung such agreernent; (b) contests tk►e lien in good faith by, or defends against
<br />enforcernent of the lien in, legal proceedings which in I.ender's opinion operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such proceedings are concluded; or (c) secures fronn the holder
<br />of the lien an agreement satisfactory to I.,ender subordinating the lien to this Security Instrument. If Lender
<br />deternunes that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br />I,ender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br />Bnrrower shall satisfy the lien or take one ar more of the acCions set fo�th above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verification and/ar reporting service
<br />used by Lender in connection with this Loan.
<br />S. Property Insurance. Borrower 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 linaited to, earthquakes and floods, for wk►ick► I.,ender requires insurance. This insurance shall be
<br />maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the term 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 sha11
<br />not be exercised unreasonably. I..,ender may require Boz7rower to pay, in connection with this Loan, either: (a) a one-
<br />time charge for flaod zone deternunation, certification and tracking services; or (b) a one-time charge for fload zone
<br />deternunation and certification services and subsequent charges each time remappings or sirnilar changes occur which
<br />reasonably might affect such determination or certification. Borrawer shall also be responsible for the payment of
<br />any fees imposed by the Federal Em�rgency Management Agency in connection with the review of any flood zane
<br />determination resulting from an objection by Borrower.
<br />If Borrower fails to nnaintain any of the cov�rages described above, Lender may abtain insurance caverage, at
<br />Lender's option and Borrower's expense. Lender is under :no obligation to purchase any particular Cype or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but migkat or rnight not protect Borrower, Borrower's
<br />equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater
<br />or 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 Barrower could have obtained. Any amounts disbursed
<br />by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. Tlaese
<br />amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest,
<br />upon notice from L.ender to Borrower requesCing payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprave such policies, sha11 include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall proznptly give to Lender all receipts of paid premiums and renewal notices. If Sorrower obtains any
<br />fonn of insurance coverage, not otherwise required by Lender, �or damage to, or destruction of, the Froperty, such
<br />policy shall include a standard mortgage clause and shall name I.ender as martgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt nvtice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless I.ender and Borrower otherwise agree in writing, any
<br />insurance proceeds, whether ar 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 economically 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 opportunity to inspect such Property to ensure the work has been completed to I.ender's satisfaction,
<br />��•'�'�� .�---~�
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUM�N7 - MERS dpcMagic �� soo-sas-iss2
<br />Form 3028 1/01 Page 4 of 1 1 www.docmagic.com
<br />Nc3028.mzd.xml
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