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201�09281
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrower: (a) agrees in writing ta the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender, but only so long as Barrawer is performing such agreernent; (b) contests the lien in good faith
<br />by, or defends against enforcement of the lien in, legal proceedings which in I.,ender's opinion operate to
<br />prevent the en�orce�nent of the lien while those proceedings are pending, but only until such proceedings
<br />are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating
<br />the lien to Chis Security Instrument. If L.ender determines that any part of the Property is subject to a lien
<br />which can attain prioriCy over this Security Instrument, Lender may give Borrower a notice identifying the
<br />lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien ar take one or
<br />more of the actions set forth above in this Section 4.
<br />L,�nder may require Borrowcr to pay a one-tirne charge for a real estate tax verification and/or
<br />reporting service used by I.ender in connection with this Laan.
<br />5. Propecty Insarance. Borrower shall keep the improvements now existing or hereafter erected on
<br />the Property insured against loss by fire, hazards included within the term "extended coverage," and any
<br />other hazards including, but not limited ta, earthquakes and floods, for which Lender requires insurance.
<br />This insuarance shall be maintained in the amounts (including deductible levels) and for the periods that
<br />L,Qnder requires. What I,ender requires pursuant to the preceding sentences can change during the term of
<br />the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's
<br />right to disapprove Borrower's choice, which right shall not be exercised unreasonably. L.ender may
<br />require Borrower to pay, in connection with this L,oan, either: (a) a one-time charge for flood zone
<br />determination, certi�cation and tracking services; or (b) a one-tirne charge for flood zone determination
<br />and certi�cation services and subsequent charges each time rernappings or similar changes occur which
<br />reasonably mighC affect such determination or certificatian. Borrower shall also be respansible far the
<br />payment of any fees imposed by the Federal Emergency Management Agency in connection with the
<br />review of any flood zone determination r�sulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance
<br />coverage, at Lender's option and Borrower's expense. L.ender is under no obligation to purchase any
<br />particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might
<br />not protect Borrower, Borrower's equity in the Property, or the contents of the 1'roperty, against any risk,
<br />hazard ar liability and might provide greater or lesser coverage than was previously in effect. Borrower
<br />acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of
<br />insurance that Borrower cauld have abtained. Any arnounts disbursed by I.ender under this Section 5 shall
<br />becorne additional debt of Borrower secured by this Security Instrurnent. These amounts sha11 bear interest
<br />at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from
<br />Lender to Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to I.,ender's
<br />right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as
<br />mortgagee and/or as an additional loss payee. L,Qnder shall have the right to hold the policies and renewal
<br />certificates. If Lender requires, Borrower shall pronnptly give to Lender all receipts of paid premiurns and
<br />renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender,
<br />for damage to, or destruction of, the Property, such policy shall includc a standard mortgage clause and
<br />shal,l name Lender as martgagee and/or as an additional loss payee.
<br />In the event of lass, Barrawer shall give prornpt notice to the insurance carrier and Lender. Lender
<br />may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree
<br />in writing, any insurance proceeds, whether or not the underlying insurance was required by L,ender, shall
<br />be applied to restoration or repair of the Property, if the restnration or repair is economically feasible and
<br />Lender's security is not lessened. During such repair and restoration period, Lender shall have the right ta
<br />hold such insurance proceeds until L.ender has had an opportunity to inspect such Property to ensure the
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT ���
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