201009333 - Laserfiche WebLink

Browse

201U09333 Borrower shall promptly discharge any lien which has priority nver thiti Security In�tnxment unlc�s Bottower: (a) aerecs in writing to thc ray�nent of the obligation sec�ired hy the lier� i�a a mann�r acccptablc to Lendet, bul only so lone as Borrower iti perti�rniing such agreemeni; (h) cnnt�titti tbe lien in �ood faith hy, ot defends against enforcemcnt of the lien in, legal proceedin�s which it� Lendcr ��pininn pperatc tn prevent the eniorcement of the licn while thotie rri�ceedingti are pending, but only until such procccdingti are concluded; or (c) secureti from thc holder of tlie lien an a�reement satisfact��ry t�� Let►dcr tiuh��rdinating the lien to this 5ecurily Tnstnimcnt_ If Lct�dcr dctermines that any part of thc Pr��perty is tit�hject to a licn which can attain priority ovcr this Secutity Instrument, Lender may give Botrowet a nol.ice idenlilying the lien_ Within 10 days of the date ��n which that nolice is given, Borrower shall sutisfy the lien or iake one or more of the actions set f��rih above in this Section 4. Lender may requite Borrower to pay a nne-titne charge fi�r a real estatc tax verificatinn and/or reporting �ervice used by Lender in connection wifh this Loan_ 5. Property Insurance. Borrow�r �hall kecp the improvements nnw exititing ��r taerca�ter erected or� the Ptopetty insured against loss by tire, ha�ards included within the term "extend��l ci�verage," and any oiher hu�ards incltiidin�, but not limitcd tp, earthquakes ana flc>odti, for which Lender requires insurance_ Thi� innurance shall be maintaincd in thc arnountG (including deductihle ]evel�) araa fi�r thc periods that Lender requires. What Lender requircti pursuant tn the pteceding sentences can change �luring the tertn of the Loan. The insurance carrier providirag the ir�surance shall he choaen by Bc�rrawr;r subject tc� L�nder's right to disapprove Borrnwer's ch��ice, which right �hull not be exetcised unteas��nahly. Lender may require Borrower to pay, in connection with this Loan, eithet: (a) a one-time charge fi�r flo��d znne detenninalion, ecrtification and tracking �ervices, or (b) a one-time charee lor Ilood zvne delerminaiion und certification scrvices and tiuhsequent chatge� each time reinappings or siinilat changes occL�r which teasonubly might affect such detcrrninati�rn �r certitication. Bortower shall ultio be te�pon�ible tiit the payinent oF any fces i�nposed by the F'e�leral Emet�ency Munagement A�ency in connec:iic�n with the review of any flood wne detern�ination resulting from an ohjecliun by Bottower. If Botrower fails lo inaintain any nf the cpverage� ile�crihed above, Lender may ahtain in�ut`ance covera�e, at Lender's uption and T3orr��wcr's cxpense. Ltnder is trndet no ohligation to purcha�e any particulat type or amount of coverage_ 7'he;refiwe, such cuverage shall cover Lendet, but might vr mi�:ht nnf ptotect Borrower, $orrower'ti equity in the Property, ot the conienls of the Prnperiy, again�t any risk, ha�atd or liability and inight provide grcat�r or lesser cuverage than wa5 previou�ly in effect. Bnrrawer acknowledges that the cost nf the insurance cnverage �o obtained mighl signi�cuntly excee�l the c��st nf insurance ihal $orrower could havc obtained. Any axnount5 dishursed by Lender undet ihis 5ecti[m S shall become additional debt oP Borrower sccurcd hy thiti Security Instrument. These amounte shall bear interetit at the Nnte rale lrom Ihe date of disburscrncnt and shall he payable, with such interest, upon notice from Lender to Bottower tequestine payinent_ All insurance policies required by Lender and r�newals uf such policies shall be subject tp Lcnder's right 10 disupprove such policic�, shall inclucle a standard matlgage clauye, uncl �hall name Lender as motieugee und/or as an additinnal 1��ss payee. Lender �hall huve lhe right io hold the policies and renewal certificates. lf Lcnder requireti, F3orrpwer �hall ptomptly give to Lender all receipts of paid premiums and renewal notices_ If Bnrrower obtains uny 1'onn ol' insurance coverage, not otherwise required by Lender, for damaee to, or destniction nf, the Property, such policy shall include a sCandard morfgage clause and shall nuine Lender as inortgagec and/��r as an addil:ional lo�s puyee. In lhe event of loss, I3orrower nhall give ptumpt notice to lhe insurance cutrier and Lender. Lender may make proof of loss if not tnade promplly by Borrower. Unless Lender and $orrower otherwise agree in writing, any insurance proce�ds, whether ot not 1.he underlying insurance wus required by Lender, shall be applied to restaratior� pr repair oI� lhe Property, if the restoratinn or rcpair is economically feasible and Lcnder's �ecurity is not lessened. During such repair arid restnrati��n period, Lcndcr shall havc thc right to hi�ld such intiurunce proceeds until Lcnder has had an appnriunity ta inspect such Property to en�ur� thc NEBRASKA- Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT I�-6(NE� (OB'11) Page G af 15 Initisls: �`� �OI'p'1 30�8 1/0�