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201009355
<br />Borrower shall paramptly discharge any lien which has priority aver this Security Instrurnent unless
<br />Borrower: (a) agrees in writing to the payment af the obligation secured by the lien in a rnanner acceptable
<br />to Lender, but only so long as Borrower is perfarming such agreement; (b) contests the lien 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 enfarcement of the lien while those proceedings are pending, but only until such proceedings
<br />are concluded; or (c) secures fram the holder of the lien an agreement satisfactory to Lender subordinating
<br />the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien
<br />which can attain priority aver this Security Instrument, Lender may give Borrower a notice identifying the
<br />lien. Within 10 days af the date an which that notice is given, Borrower shall satisfy the lien or take one or
<br />more of the actions set forth above in this Section 4.
<br />Lender may require Borrower ta pay a one-time charge for a real estate tax verification and/or
<br />reporting service 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 Property 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 Lender requires insuranc�.
<br />This insurance shall be maintained in the amounts (including deductible levels) and for the periods that
<br />Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of
<br />the Loan. The insurance carrier praviding the insurance shall be chosen by Borrower subject to I.ender's
<br />right to disapprove Borrower's choice, which right shall not be exercised unreasonably. I.ender may
<br />require Borrower to pay, in cannection with this Loan, either: (a) a ane-time charge for flood zone
<br />dstermination, certification and tracking services; or (b) a one-time charge for flood zone determination
<br />and certification services and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect such determination or certi�cation. Borrower shall alsa be responsible for the
<br />payment af any fees imposed by the Federal Emergency Management Agency in connection with the
<br />review af any flood zone determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the caverages described above, Lender may obtain insurance
<br />coverage, ac Lender's optian and Borrawer's expense. Lender is under no obligation to purchase any
<br />particular type or amount of coverage. Therefore, such coverage shall cover L.ender, but rnight or might
<br />not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk,
<br />hazard or 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 Borcower could have obtained. Any amounts disbursed by I.ender under this Section 5 shall
<br />become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest
<br />at the Note rate from the date of disbursement and sha11 be payable, with such interest, upon nntice from
<br />L.ender co Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to I,Qnder's
<br />right to disapprove such policies, sha11 include a standard mortgage clause, and shall name Lender as
<br />mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal
<br />certi�cates. If Lender requires, Borrower shall promptly give Co I..ender all receipts of paid premiums and
<br />renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender,
<br />for damage to, or destruction af, the Property, such policy shall include a standard mortgage clause and
<br />shall narne Lender as rnortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt natice to the insurance carrier and L,ender. I.ender
<br />may makc praaf af 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 Lender, sha11
<br />be applied to restoration or repair af the Property, if the restoration or repair is econornically feasible and
<br />I,ender's security is not lessened. During suCh repair and restoration period, Lender shall have the right to
<br />hald such insurance praceeds until I.ender has had an opportunity to inspect such Property to ensure the
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�NT
<br />�-6�NE) loei �I Page 6 of 15 in�ciais: Form 3028 1/01
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