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201009093
<br />Hc�rrovr+�cr shatl promptly aischarge any lie�a wbxch has p�oriry ove�r this security Insan�ent unless
<br />Borrower: (a) agrees in writing to xhc pa�t of the ohligation �cut�ed by the lie� in a manner acccptable
<br />to L,ender, but only so long as Borrower is p�fvrming siich agreenuent; N) contests the lien in good faith
<br />by, or defends agaiinst ea�o� af the lien iu�, lcgal proc�diangs wb.ich in �.cnder's opini�o� operate ta
<br />pre�vc�at thc e�aforoement of tt� licn while those proceedings are pending, but only until such prcx�dings
<br />are concltuled; or (c) � from the holder af the lien an agre��ent satisfactory w L,ender subordinating
<br />che lien to this Security Inst�ruttnent. If I.ender deCermines that any part af the Property is subject to a lien
<br />which can aztain priority over this Security Instrun�t, L�ender may give Borrower a notice identifying the
<br />lien. Within 10 days of the date on which t�hat notice is given, Barrower slaall satisfy the lien or tak� ane or
<br />more of the �tions set forth above in t�is Section 4.
<br />Lender may require Borrower to pay a onertime charg� far a rc�k estate tax verification and/ar
<br />reportin8 service used by I.ender in connecqon with this I.oan.
<br />S. Prop�ty Insurance. Horrower shall keep the improvements now axisring or hBreafter erected on
<br />the Property insure� against loss by fire, haTards included within the t.srm "ext�d�d cove°rage." and any
<br />otl�e�r hazards including, but not limited w, earthquakes and floods, for which L�dcr raquires insuranc�.
<br />This insuraitce s�hall be maintained in the apaowats (it�cladi.ng deduct�ible levels) at� for the periods that
<br />I...ender requires. What Lender requires pursu,ant to the proc�diug sentence� cati chazige during the term of
<br />the Loan. The ins�uattce carrier pmviding the insuraince shall be rhosen by Bornower subject to Lender's
<br />right to disapprnvc Borrower's c�wice, which right ahall not be exercised unreasonably. I.�der may
<br />requixe Horirower to pay, in c�nneMion with this L,oan, cith�': (a) a one-time charge far flood zone
<br />determinaticm, oertificaqan and tracking ae�rvices; or (b) a one-time charge for flood wne determination
<br />and c:ertificatian services and subsequent cbargc.s � Wt�e �+t�am,appings oar aimilar changes occur which
<br />reaso�nably might affect such determination or certification. Borrower shatl also be responsible for the
<br />payment of any fees imposed by the Federal Famexgency Ma�nagement Age�► in �annecrion wixth the
<br />review of any flaad zan�e detenaaixaation resulting from an obj�:tion by Horrowe�r:
<br />Yf Borrower fails ta rnaintain auy of the �verages described above, L,ender may abtain insurance
<br />coverage, at Lender's option aad Borrower's eapense. L�nder is under no obligation to purchase any
<br />particular type or amoun.t of caverage. Therefore, such covcrage shall cover L,ender, but might or might
<br />not protoct Borrowcr, Sarrowcr's equity in the Pro�erry, ar the contsnts of the Property, aSaixtst any risk,
<br />har.ard or liability and might provide �reater or lesser eoverage than was previously in efFect, Hc�rrowec
<br />acknawledges that the cost of the insuranoe covc�rage so obtaine� might significantly excced tl� cost of
<br />insurance that Borrower could have obtained. Any anwunts disbursefl by L� under this Sectirnn 5 shall
<br />become additional debt of Barrv�wer secured by this Security Tnst�ument. These an�au�us sb,all bear interest
<br />at thc Note rate from tlxe date of dis6ursennent and shall be payable. with such interest, upon noticc from
<br />I.ender ta Borrow�r requ�sting payrnent.
<br />All insurar� policies required by I.ender and renewals af such palicies s�all be subject W Lender's
<br />right to disapprova such policiea, s1�a11 include a standard mprtgage clause, and s�all name L.ender as
<br />mortgaga� and/or as an additional loss payee L�d�r shall have the right to hold the policies and renewal
<br />certi�icates. If � requires, Borrower sl�all pro�tly give to T.e�der all receipts o� paid px�emiums and
<br />rezxewal notices. If Borrow� obtains any form of insurance covcrage, not otherwise required by L,crader,
<br />for damag� ta, or destruction of, the Prap�ty allCh policy shall ixLClud� a sCandard mdrtgage clause and
<br />shall nasne L�der as �rtgagee and/or as an �ditional loss payee.
<br />In the event of loss, Hornower shall give pmmpt notice to the insurance carrier and Lender. I.ender
<br />may make proc�f of loss if not made pro;mptly by Harrawer, Unle�s Lender and Borrower otherwise agree
<br />in writing, any insura�ce praceeds, whether or not the underlying insura�ce vvas required by I.ender, shall
<br />be applied W t�estoration or xepair af tl� Property, if the restaration or repair is eco�mieally feasible and
<br />r.ender's secwtity is not lessene�. During such repair and restoratio�a period, I.ender shall have the right to
<br />hold such insurance proceeds until Le.nder has had an oppornrniry w inspact such Property W enaure the
<br />NE81iASKA - Single Family - Fannis Mae/Freddis Mec UNIFORM INSTRUMENT
<br />�-�(N�) wa� � � raou e�t � 6 i�rct■b: Farm 3028 1/01
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