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�oioo�112
<br />Bc�nrawcr shall promptly discharge any lien which has priority over this Security Instrumenl unless
<br />Bc�rrower: (a) agr�es in writing to the paynient of the obligation secured by the licn in a manncr acccptablr
<br />to Lender, but only so long as Borrower is performing such agreement; (b) conle;sts th� li�n in good faith
<br />by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to
<br />prevent the enforcement of the lien while those proceedings ar� pending, bu[ Unly until such prc�c��dings
<br />are concluded; or (c) secures from the holder of the lien an agreement satisfactary to I,�ndcr subardinating
<br />the lien to this Security Instrurnent. If Lender deterrnin�s that any part �f the Praperty is subject to a lien
<br />which can attain priority �ver ihis Security Instrur►�enk, T.cndcr may give Borrawer a natice id�ntifying lhc
<br />lien. Within 10 days of th� date on which that noti��: is givtn, Borrower shall satisfy the lien or tak� �n� or
<br />more of the actions set forth above in this Scction 4.
<br />I.ender may require Borrawer ta pay a ane-time charge far a rcal estate tax verificatian and/or
<br />reporting s�rvic� used by L.ender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on
<br />the Praperty insured against loss by fire, hazards included within the term "extended coverage," and any
<br />other hazards including, but not limited to, earthquakes and floods, for which T,ender rcquires insurance.
<br />This insurance shall be maintain�d in the amounts (including d�ductiblc levels) and far the periods thac
<br />Lender requires. Wtxat L�nd�r rcqu'rres pursuant co th� pr�ccding s�n�enccs can change during th� t�rm Uf
<br />the Loan. The insurancc carricr pr�viding th� insurance shall be chosen by Borrow�r subjeet to Lender's
<br />right to disapprove $orrower's choice, which right shall not be exercis�d unr�asc�nably. I,ender may
<br />require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone
<br />determination, certification and tracking services; or (b) a one-time charge f�r Flood zone determination
<br />and certification services and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affe�t such det�rmination or certification. Borrowcr shall also b� resp�nsiblc for the
<br />payment of any fees impus�d by thc F�d�ral �m�rgency Mar�gemcnl Ag�n�y in carui�utiUn with the
<br />review of any llood zons determinatian resulting fram an r�bjr:ction by Borraw�r.
<br />If Borrawer fails to maintain any of the coverages c�sscribed abave, I,ender nr�ay obtain insurance
<br />cav�rage, at I,�nd�r's option and Borrower's expense. I.�nder is under na Ubligatian ta purchase any
<br />particular type or amount of coverage. Therefore, such coverage shall caver L.endsr, but might ar mighl
<br />not prptect Borrower, Borrower's equity in the Property, ar the contents af the Prap�rty, against any risk,
<br />hazard or liability and might provide greater ar lesser coverage than was previously in effect. Borrc�wer
<br />acknawledges that the cost of the insurance coverage so obtained might significantly exceed th� c:USt af
<br />insurance that Borrower could have obtained. Any amounts disbursed by I.ender under this Sectian S sh�ll
<br />become additional debt of �3orrower secured by this Security Instrument. These amounts shall bear interest
<br />at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice frorn
<br />T,ender to Borrower requcsting payment.
<br />All insurance palic.i�s required by I,end�:r and renewals of such policies shall be subject to Lender's
<br />right ta disapprove such pulicies, shall include a stanciard mortgage clausc, and shall name T.ender as
<br />martgagc� and/or as an additional lass pay��. I,�nd�r shall have the right to hold lhe policies and renewal
<br />ceriificates. If Lender requir�s, Sartower shall promptly give to Lender all receipts of paid premiums and
<br />rcnewal notices. If Barrawer abtains any f�rm of insurance coverage, not otherwise required by L.ender,
<br />f�r damage to, or d�s[ruc[iUn of, the Property, such policy shall include a standard mortgage clause and
<br />shall name Lcndcr as mort�ag�e and/or as an additional loss payee.
<br />In th� �venl c�f loss, BorrUw�r shall giv� prampt notice to the insurance carrier and L.ender. L.ender
<br />may make proof of loss if not made promptly by Borrowsr. Uriless I,�nder and Barrower otherwise agree
<br />in writing, any insurance proceeds, whether or not the underlying insuran�:e was required by I..ender, sna11
<br />be applied to restoration or repair of the T'roperty, if the restoration or rcpair is �conc�mically feasible and
<br />Lender's security is not lessened. During such repair and restoratian period, I.aender shall have the right to
<br />hold such insurance proceeds until Lender has had an pppartunily to inspect such Property to ensure the
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFOFiM INS'TRUMENT
<br />�•61N�) �oeii� PApR60f 15 Initials: Fo�m 3028 9I09
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