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201009310
<br />shall pay to Lender the amount necessary to make up the de�ciency in accordance with RESPA, but in no more than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall prornptly refund to Borrower
<br />any Funds held by L,ender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or gxound rents on the
<br />Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these iterns
<br />are Escrow Items, Borrower shall pay them in tl�e xnanner pravided in Section 3.
<br />Borrawer shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:
<br />(a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only
<br />so long as $orrower is perfornung such agreennent; (b) contests the lien in good faith by, ar defends against
<br />enforcement of the lien in, legal proceedings which in T.ender's opinian operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br />deternunes that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br />Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br />Borrower shall satisfy the lien or take one or mnre of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verificatinn and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Praperty Insurance. Boxrower shall keep the irnprovements now existing or hereafter erected on the
<br />Froperty insured against loss by �re, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be
<br />maintained in the arnounts (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing
<br />the insurance shall be chosen by Borrower subject to Lender's right ta disapprove Borrower's choice, which right shall
<br />not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-
<br />time charge for flood zone deternunation, certification and tracking services; ar (b) a one-time charge for flaod zone
<br />determination and certificatian services and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect such detern�ination or certification. Borrower shall also be responsible far the payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />l.,ender's option and Borrower's expense. Lender is under no obligatian to purchase any particular type or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrawer, Borrower's
<br />equity in the Praperty, or the contents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Bonower acknowledges that the cost of the insurance coverage so
<br />obtained rnight significantly exceed the cost of insurance that Borrower could have obtained. Any arnounts disbursed
<br />by Lender under this Section 5 shall become additional debt of Barrower secured by this Security Instrurnent. These
<br />arnounts shall bear interest at the Note rate from the date of disbursernent and shall be payable, with such interest,
<br />upon notice from I,ender to Borrower requesting payment.
<br />All insurance policies required by I..ender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shal.l name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Bonower shall promptly give to L,ender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />form of insurance coverage, not otherwise required by L,�nder, for damage to, or destruction of, the Properry, such
<br />policy shall include a standard mortgage clause and shall name L,�nder as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompC notice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, if the restoration or repair is economically feasible and I.,ender's security is not lessened.
<br />During such repair and restaration period, Lender shall have the right to hold such insurance proceeds until T.ender
<br />has had an opportunity to inspect such Property to ensure the work has been completed to L.ender's satisfaction,
<br />provided that such inspection shall be undertaken promptly. I,ender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement
<br />is made in writing ar Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br />required to pay Borcower any interest or earnings on such proceeds. Fces for public adjusters, or other third parties,
<br />retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole abligation of Borrower,
<br />If the restoration or repair is not economically feasible or Lender's security would be l�ssened, the insurance proceeds
<br />shall be applied ta the sums secuxed by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settic any available insurance claim and
<br />related matters. If Barrower does not respond within 30 days to a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then I.ender may negotiate and settle the claim. The 30-day period will begin when the
<br />notice is given. In either event, or if L.ender acquires the Property under Section 22 or otherwise, Borrower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an annount not to exceed the amaunts unpaid
<br />under the Note or this Security Instrurnent, and (b) any other of Borrowex's rights (other than the right to any refund
<br />of unearned premi�t�s„paid by Borrower) under all insurance policies covering the Property, insofar as such rights
<br />NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFpRM INSTRUMENT DocMagic � aoo-sas-r3ss
<br />Form 30Z8 1/p1 Page 4 of 1 1 www.docmagiacom
<br />Nn3U28. doi. xYiil
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