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201QU9021
<br />shall pay to L.ender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than
<br />12 monthly payrr►ents.
<br />Upan payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by �.ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security Instnunent, 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 />are Escrow Items, Borrower shall pay thern in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security �nstrument unless Borrower:
<br />(a) agrees in writing to the payment 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 the lien in good faith by, or defends against
<br />enforcernent of the lien in, legal proceedings which in Lender's opinion operatc to prevent the enforcement of 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 satisfactory to Lender 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 Instruznent,
<br />Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br />Borrower shall satisfy tk►e lien or take one or more 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 verification and/ar reporting service
<br />used by Lender in connection with this Loan.
<br />5. 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 limited to, earthquakes and floods, for which Lender 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 insura�nce shall be chosen by Borrower subject to Lender's right ta disapprove Borrower's ck►oice, 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 zane determination, certi�cation and tracking services; or (b) a one-time charge for flood zone
<br />deternunation and certi�cation services and subsequent charges each tirne remappings or sirnilaz� changes occur which
<br />reasonably rnight affect such deternunation or certification. Borrower shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />determination resulting from an obj�ction by Borrawer.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />L.ender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents of the Property, against any risk, hazard or liability and rnight provide greater
<br />or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insuraince covecage so
<br />obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed
<br />by L.endear under this Section S shall became additional debt of Borrower secured by this Security Instrument. These
<br />amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest,
<br />upon notice frorn Lendear to Borrower requesting 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, shall include a standard mortgage clause, and shall anarae T_.ender 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 pramptly give to Lender all receipts of paid premiums and renewal notices. If Horrower obtains any
<br />form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall narne Lender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the insuranc� carrier and I.ender. L.ender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance proceeds, whether or not the underlying insurance was required by I.ender, shall be applied to restoration
<br />or repair of the Praperty, if the restoration or repair is eco�omically feasible and L.ender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until I.ender
<br />has had an opportunity to inspect such Praperty to ensure the work has been completed to L,ender's satisfaction,
<br />provided that such inspection shall be undertaken prornptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of progress payments as the work is completed. LTnless an agreement
<br />is rnade in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br />required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties,
<br />retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower.
<br />If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds
<br />shall be applied to the sums secured by this Security Instrurnent, whethet' or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in the order provided far in Section 2.
<br />If Borrawer abandons the Property, Lender may file, negotiate and settle any available insurance claim and
<br />related matters. If Barrower does not respond within 30 days to a notice from I.ender that the insurance carrier has
<br />offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the
<br />notice is given. In either event, or if Lender acquiras the Property under Section 22 or otherwise, Borrower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this 5ecurity Instrurnent, and (b) any other of Borrower's rights (other than the right to any refund
<br />of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT pochlagic �J�nx� aoo-sas-t.�62
<br />Form 3028 1/01 Page 4 af 11 www.docmagic.com
<br />Ne3028.dot.wnl
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