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<br />shall pay to Lender the amouzat necessary to make up the deficiency in accordance with RESPA, but in no nnore chan
<br />12 monthly payments.
<br />Upon payment in full of all suzns secured by this Security Instrument, L,ender shall promptly refund to Borrower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and irnpositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payrnents or ground tents on the
<br />Property, if any, and Cornmunity Association Dues, Fees, and Assessments, if any. To the extent that these items
<br />are Escrow Items, Barrower shall pay them in che manner provided in Sectian 3.
<br />Borrower 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 mannec acceptable to Lender, but only
<br />so long as Borrower is perfarming such agreement; (b) contests the lien in good faith by, or defends against
<br />enforcement of the lien in, legal proceedings which in Lender's opinion 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 Secutity Instrument. lf Lender
<br />determines that any part of the Pz'operty is subject ta a lien which can attain priority over this Security lnstrument,
<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 more of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-tirne charge far a real estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insur�nce. Borrower shall keep the improvements now existing or hereafter erecteci on the
<br />Property insured against loss by fire, hazards included within the t�rm "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes ar►d floods, for which Lender requires insurance. This insurance shall be
<br />rnaintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the tez-m of the I.oan. The insurance carrier providing
<br />the insurance shall be chosen by Borrower subject to L,ender's right to 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 determination, certification and tracking services; or (b) a one-time charge for flood zone
<br />determination and certification services and subsequent charges each time rernappings or similar changes occur which
<br />reasonably might affect such deternunation or certification. Borrower shall also be respansible for the payment oT
<br />any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />deternunation resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages desctibed above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. L.ender is under no obligation to purchase any particular typ� or amount
<br />of coverage. Therefore, such coverage shall cover L.ender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the cantents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Borrower acknowledges that the cost oF the insurance coverage so
<br />obtained might signi�cantly exceed the cast of insurance that Borrower could have obtained. Any amounts disbursed
<br />by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These
<br />amounts sha11 bear interest at the Note rate from the date of disbursement and shall be payable, with such interest,
<br />upon notice from Lender to Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as rnortgagee and/or as an
<br />additional lass payee. Lender shall have the right ta hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to L.ender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />forrn of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance caz'rier and Lend�r. Lender may make
<br />proof of loss if not made prornptly 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 restoratinn
<br />or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right ta hold such insurance proceeds until Lendex
<br />has had an opportunity to inspect such Property to ensure the work has been cornpleted to L.ender's satisfaction,
<br />provided that such inspection shall be undertaken promptly. Lender 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 or Applicable Law requires interest to be paid on such insurance proceeds, I,ender shall not be
<br />required to pay Borrower any interest or earnings on such proceeds. Fees 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 obligation of Borrower.
<br />If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds
<br />shall be applied to the sums secured by this Secutity 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 Sectian 2.
<br />If Borrower abandons the Property, L.ender may file, negotiate and settle any available insurance claim and
<br />related matters. If Borrawer does not respond within 30 days to a notice from L.ender that the insurance carrier has
<br />offered to settle a daim, then Lender may negotiate and settle the claim. The 30-day period will begin when the
<br />notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance prnceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Security Instcument, and (b) any other of Borrower's rights (other than the right to any refund
<br />af unearned premiums paid by Borrower) under all insurance policies cavering the Property, insofar as such rights
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<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFQRM INSTRUMEN7 DvCMagic P_� soo-sa9-�3s2
<br />Form 302$ 1/01 Page 4 of 11 www.docmagic.com
<br />Ne302R.dot.xml
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