201009078 - Laserfiche WebLink

Browse

201009078 Borroweac shall pramptly discharge any li� which has pniority over this Security Insriument unl�s Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a nnanner acceptable to I.e�der, but only so long as Horrower is perforniing such agre�auenc; @) cont�ts the lien in good faith by, or defendx against cnforcem�t of the lien in, legal proc�ciings which in Lenider's op�inion operate to prevent the enforc�nent af the lien while those proceedings are pendin�, but only u�il su�1� proceedings are concluded; ox (c) secures from tbe holder af the lien an agreement satisfactary to Le�de�r subordina�ing the lien to this Security Ins�t. Yf Lendcr determin+es that any part of the 1'raperty is subjed to a lien whi�h can attain priarity over t�his Sacurity Instnunent. L,ender may give Hormwer a notic� identifying the lien. Within 10 days of the date an whiah that nodce is'given, Hnrmwer shall sati�sfy the lie� or tak�e one or �ore af the actions set forth above itn this Section 4. I.ender may require Bornower to pay a nne-tim� charge for a real estate tax verificataon and/oz i�or�ti� service used by L.ender in connectian with thi.s T.oan. S. Praperty L�nranoe. Horrower st�ll keep the iuuu�rovemen�ts now existing or h�ereafter erected on the Property insured against losa by �ire, hazards included within the ternn "eat�ded coverage." and any other hazards including, but nat limited to, earthquakes and floods, for wbich I.ender requires ins�uance. T�i� insurance shall be mai�ntain� in tt� amounts (in,cluding deductible levels) and for the peni�ods that I,eader require:s. What I.ender r�quiz+es pursuant to the pre�ding seatences r,ata chauge during the texm of the I.oan. The insurrance carrier providing the insuucance sball be c�osen by Borrower subje�t W I.e�der's �ight w disapprove Borrowrcr's chaice, which right sball not be exerciscd imreasanably. �ncler may require �orrower to pay, in cun�eection with t�is Laan, eitber: (a) � one-time char$e for flaod r��e detanmination. cezti�ic�tion and t�king serviccs� or (b) a one�-tinae c�arge for fload xon� dsterminatian and certii5cation services and aubsequent charges r,a� ti�e rennappinga oar similar cbanges accur wtuch �asonably might si�ect such d�rmination or certification. Horrower st�all also be responsible for the paym�nt of any fees imposed by the F�derai Einergen�' Mat�agex�t AgencY in connection vu'ith the �criew of any flood tione d�ination resulting from an obj�ction by Harmvv�r. I� Horrower fails to maiptain any of the wverages describ� above, Lctuder may obtain insurance ooverage, at L,endcr's option aad Boxravver's e�pense. I.eadear is under �o obligation to pumhase any partiailaz type ar amaunt of aoverage. 'I'�erefore. such �veragc shall cov�r I.ender, but might or might not protect Bv�rower, Hormwar's equity in tb:e Property. or the conter�ts af the Pmpert�+. aSainst anY risk ha7.ard or liability aad might provide gr�ter or les�er coverage thau was previou�ly in e�fect. Borrower acknowledgcs that the cost of thc instiu�ance �verage sv obtained might significantly excced the cost af insu� that Honnwex could have oUtained. Any amaunta disbursed by Lender under this Section 5 shall baoome additional d�bt of Horrowcr aea�ral by this' Security Instrumeat. These a�sounts shall bear interest at the Note rate from the date of disbursement a�d shall be payable, with sucd� interest, upon �otice from I..endex to Bornowar reque�Cin� paYment• All ins�uanc:e policies a�+equired by L� and re�ewals of sucl► policies shall be subject to Let�der's right to dieapprave auch policies� ehaU include a standard n�uRgage clause, at� shall name I.ender as mortgagec a�d/or as an additional lo�s payce. L�nd�r shall tia�ve the right W hold the palicies and renewal certificates. Yf L�a requiures, Bornower shall PromptlY $ive to L�ender all receipts of paid pr�miums and re�aewal �tices. If Horrower dbtains a�r form of ins�u�anc� aaverage, naC otherwise required by L,cnder, for damage to, or destruction of, t�e Property, such policy shall inciude a standard �nrtgage clause and shall na�c I�er as mortgagae and/ar as an addidonal loss payee. In th� event of loss, Bvrrower shall give prompt twtice to the insurance eanrier amd L,ender. I.endcr may mal�e proof of loss if �ot m�mde pmmptlY bY Borrower. Unless L�der a� Hornower other�wise agree in writing, any insuranoe proceezis, vvh�her or not the underlying insuran� was required by T..ender, s�al] be applied t� restoradan or n�pair of the Pr�perty, if tl� restaration vr repair is econarrucally feasiblc �nd Lender's secttrity ia not les�ened. During such repaix atyd restoratian peiiod, L�ender shal] have the right to hold such insurance praceeds tmril Lcnder b�s had an opporiunity to inspect such Property to ensure the NEBRASKA - Single Family - F� M�r1Fr�ddie Nlec UNIFQRM II�TRUMENT �-B�NE) loei i1 Pape e ot � e iwuw: Farm 5028 1/07