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201009089
<br />Borrnwer shall prompdy discharge �ny lien which has priarity over this Security Instrument unless
<br />Borrower: (a) agrces in writing to the payment of the obligation secu�ed by the lien in a manner acceptable
<br />ro L�nder, but only so lang as Bprrower is performing such agreernent; (b) contests the lien in good faith
<br />by, ar defends against �nforcement of the lie,n in, lega� procee�ings which in Lender's opinion operate to
<br />prevc�t the enforcemexit of tbe lien while those proceedings are pending, but oNy until such proceedings
<br />are conclude�; or (c) secures from the holder of the lien an agreennent satisfactory to Lender subordinatir►g
<br />the lien to this Security Instrument. If Lender detcrmines that any part of the Property is subject ta a lien
<br />which can attain priority over this Security Instrument. Lender may give Horrower a notice identifying the
<br />lien. Within 10 days of ttxe date on which that notice is given, Borrower shall satisfy the lien or take one or
<br />more of the aaions set forth above in this Sectian 4.
<br />I.ender may require Horrower to pay a one-time charge for a mal estate tax verificatian and/or
<br />reporting service used by Lender in conne�tion with this L•aan.
<br />5. Praperty Iasurence. Borrower shall keap the improvements now exiating or hereat�er erected on
<br />the �roperty insured against loss by fire, hazards included within the term "extended coverage," and any
<br />other hazards including, but not limited to, earthquakes and tloods, for which L,ender requires rnsttrance.
<br />This insurance shall be main,tained in thc anwunts (including deductible levels) and far the periods that
<br />Lender requires. What I.e�ader requires pursuant to the preceding sentences can change dwting ihe tecm of
<br />the Loan. 'I�e insurance carrier providing the insurance shall be chosen by Borrower subjeet to Lender's
<br />ri$ht to disappmv� 8orrower's choice, which right shall not be exercised unreasonably, Lender may
<br />require Borrower to pay, in connectian witlt this Loan, either: (a) a one-Cime charge far flood zone
<br />'tietermination. cenification and tracicing services; or @) a one-time charge for flood wne detBrniination
<br />and certificati�on services and subs�uent charges each time �mappings or similar changes occur which
<br />reasonably mighC affect such detenmiinatinn or certification. Borrower shall also be responsible for the
<br />payment af any fees imposed by the Fcderal Emergency Mana�ement Agency in connection with the
<br />review of any flood zone de�ermination resulCimg from an objection by Borrower.
<br />If Borrower faila to maintain any of the coverages described above, Lender may obtain insurance
<br />covera,ge, at I.ender's option a�nd Borrower's expense. Lender is under no obligation ta purchase any
<br />particular typc or amount of coverage. Therefore, such caveragc shall cover Lender, but might or might
<br />not protect �orrower, Sorrower's equity in the Propcny� or the contents of the ProPerty, ag�inst any risk,
<br />hazard or liability and might pmvide greater or lesser coverage than was previously in effect. Borrower
<br />acla�owle�ges that the wst of the insurance coveragc so obtaincd rrught significantly eaceed thc cost of
<br />insurauce that Borrower could have obtained. Any gmounts disbursed by �,ender under this Section 5 shall
<br />becvm�e additional debt af Bonrower secured by this Security Instrumestt. These amaunts shall bear interest
<br />at the Note rate from the date of disbw�sement and shall be payable, with such interest, upon notice from
<br />Lender to Horrvwer requesting payment.
<br />All insurance policies required by L,ender and renewals of such policies ahall be aubject to I..ender's
<br />right to disapprove such policies, shall include a standard mioxtgage clause, and shall name I.ender as
<br />mortgagee and/or as an additional lnss payee. Lerider shall have the right to hold the policies and �wal
<br />certi�cates. If L�ender requires, Borrower shall promptly give to Lender all receipts of paid premiums and
<br />renewal notic�es. If Borrower obtains any form of insurance coverage, not otherwise required by L,en�der,
<br />for daxnage to, or destruction of, the Propeity, such policy shall include a stand.ard mortgage clause and
<br />shall name Letxder aa rnortgagee and/or as an additional loss payee.
<br />In thc event of lass, Borrower shall give prompt natice to t�e insurance carrier and Lender. I.ender
<br />may make proof of loas if nat made promptly by Borrower. Unless Lender and Borrower otherwise agree
<br />in writing, any insurance praceeds, whether or nat the underlying insurance was required by Lender, shall
<br />b� applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
<br />L�end�'s security is not lessened. During such repair and restoration period, L�ender shall have the right to
<br />hold auch insurance proceeds until L.ender has had an oppartunity to inapect :au� Praperty to ensure the
<br />NEBRASKA - Single Family - Fannis Mae/Fraddie Mec UNIFORM INSTRUM�NT
<br />�-BINE1108tt1 Peoa e ot �5 �n�t�ah: �� FOrt1130it8 1/Q7
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