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20i009788
<br />Bc>rrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender, but only so long a,� Borrower is performing such a� (b) contests the lien in gvod faith
<br />by, or defend,5 against enForcernent oFthe lien in, legal proceedings which in I�ender's opinron operate to
<br />prevent the enforcement 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 this Security Instrument. If Lender deternunes that any part of the Property is subject to a lien
<br />which can attain priority 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 or take one or
<br />more of the actions set forth above in th.is 5ection a,
<br />Lender may require Borrower to pay a one-time charge for a real estate tax veri�catian and/or
<br />reporting service used by Lender in connection with thrs 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 inc]uding, but not limited ta, earthquakes and floods, for which Lender requires insurance.
<br />Thrs insurance shall be marntained in the amounls (including deductible levels) and for the periods tl�at
<br />Lender reyuires. What Lender requires pursuant to the preceding sentences can change during the term of
<br />the Loan. The insurance canrier providing the insurance shall be chosen by Borrower subject to Lender's
<br />rrght to disapprove Borrower's choice, which right shall not be exercised unrcasonably. Lender may
<br />require }3orrower to pay, in cflnnection with this Loan, either: (a) a one-time charge for flood wna
<br />determinatian, certificatian 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 mrght affect such determrnation or certification. 13orrower shall also be responsible for the
<br />payment of any fees imposed by the Federal Emergency Managexnent Agency in connection with the
<br />review of any flpod wne determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the caverages described above, i,ender may obtain insurance
<br />coverage, at Lender's option and Borrower's expense. I,ender is under no obligation to purchase any
<br />particular type or amount of caverage. Therefore, such coverage shall cover Lender, but might or might
<br />not protect Sarrdwer, Borrower' s equity in the Properiy, 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 Borrawcr could have obtained. Any amounts disbursed by Lender under this Section 5 shall
<br />become additional debt of Borrower secured by this Security lnstrument. These amounts shall bear interest
<br />at tha Note rate frorn the date of drsbursement and shall be payable, with such interest, upon notice from
<br />Lender to Borrower requesting paymcnt.
<br />All insurance policies requrred by Lender and renewals of such policies sk�all be subject to Lender's
<br />right ta disapprove such paliciss, shall include a standard traortga�e clause, and shall name I,ender as
<br />mortgagee and/or as an additional loss payee. Lender shall have the ri�ht to laold tk�e policies and renewal
<br />certificates. If Lender requires, Borr�wer shall promptly give to Lender all receipts of paid premiums and
<br />renewal notices. If Borrower obtarns any form of rnsurance coverage, not otherwise required by Lender,
<br />for damage to, or destruction c�f, the Properiy, such policy shall include a standard mortgage clause and
<br />shall name Lender as mortgagea and/or as an additronal 1oss payee.
<br />In the event of loss, Bnrrower shall give prompt notice to the insurance carrier and Lendcr. Lender
<br />may xnake proof of loss if not made promptly by Bonower. Ilnless Lender and Borrower otherwise agree
<br />in writing, any insurance proceeds, whether or not the underlyrng rnsurance was required by Lender, shall
<br />be applied to restoration or repair of thc Praperty, if the restoration or repair is economically feasible and
<br />Lender's security is not lessened. During such rcpair and restoration period, I.,er�der shall have the right to
<br />hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the
<br />2200066269 ri V6ANE
<br />N�BRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMFN7 WI7H M�RS
<br />�-BA(N� 1va�o1 Pepe 8 of 15 i,,;t;eig: � Fortn 3D28 1/01
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