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2oioo93so Borrower shall promptly discharge any lien which has priority over this Security instrument unless Borrower: (a) a�rees in writing to the payrnent of the obligation secured by the lien in a manner acceptable tp Lander, but only so long as Borrower is performing such agreement; (b) contests the lien in good faitla by, or defends against enforcement of the lien in, legal praceedings which in Lender' s opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the halder of the lien an agreement satisfactory to Lender subprdinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on w1aich that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require $orrower to pay a one-time charge for a real estate ta.�c verification and/ar reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower sha11 keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and far the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term pf the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower' s choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in cannection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zo�e determination and certification services and subsequent charges each time remappings or sirnilar changes occur which reasonab1y might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management A�ency in connection with the review of any flood zone determination resultin� from an objectipn by Borrower. If Borrower fails to maintain any of the coverages described above, i�ender may obtain insurance coverage, at Lender' s option and Borrower' s expense. Lender iti under no obligation to purchase any particular type or aznount of coverage. Therefore, such coverage shall cover Lender, but might or xnight not protect Borrower, Borrower' s equity in the Property, or the contents of the Property, against any risk, hazard or liability and rnight provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any a�mounts disbursed by Lender under this Section 5 shall become additional debt of Borrower s�cured by this Security Instrument. Thase amounts shall bear interest. at the Npte rate from the date of disbursement and shall be payable, with such interest, upon notice frpm Lender to Sorrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall hav� the right to hold the policies and renewal certificates. if Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by T.ender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause ar�d shall name Lender as mortgagee and/or as an additional loss payee. In the event af loss, Borrower shall give prompt notice tn the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or nat the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration ar repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender sha11 have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Praperty to ensure the 231003 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM IN5TRUMENT � �oeii� Page6 of 15 Initials:�� •,�, F01'l11 3028 7/01 m