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201101630
<br />The Funds shall be held in an institution whose deposits aze insured by a federal agency, instrumentality, or
<br />entiry (including Lender, if Lender is an institution whose deposits aze so insured) or in any Federal Home Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later t6an the time speci8ed under RESPA. Lender
<br />shatl not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow Items, unless Lender pays Borrower imerest on the Funds and Applicable Law permits Lender to make
<br />such a charge. Unless an agreement is made in wriring or Applicable Law requires interest to be paid on the Funds,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree
<br />in writing, however, that interest shall be paid on the Funds. Lendet shall give to Borrower, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus af Funds held in escrow, as defined under RESPA, Lender sl�all account to Borrower for
<br />the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the aznount necessary to make
<br />up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a daficiency of
<br />Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br />shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more tLan
<br />12 monthly payments.
<br />Upon payment in fiill of all sums secured by tivs Security Instrument, Lender shall promptty refimd to Borrower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Properry which can attain priority over this Securiry Instrument, leasehold payments or ground rents on the
<br />Properry, if any, and Community Association Dues, Fees, and Assessments, if any. To tha extent that these items
<br />are $scrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall prompUy discharge any lien which has priority over tLis S�urity Iustrument unless Borrower:
<br />(a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable fo Lender, bat only
<br />so long as Borrower is performing such agreement; (b) contests the lien ia good faith by, or defends against
<br />enforcement of the lien in, legal proceedings which in Lender' s opurion operate to prevent the enforcement of the lien
<br />while those proceedings aze pending, but only until such proceedings aze wncluded; or (c) secwes from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to t6is Security Instrument. If Lender
<br />determines that any pazt of the Properry is subject to a lien wlach can attain priority over this Security Instrument,
<br />Lender may give Borrower a nobce identifying the lien. WiUvn 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-time chazge for a real estate tax verification andlor reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or heteafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards
<br />including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be
<br />maintained in ihe amounts (including deducUble IeveIs) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the tertn of the Loan. The insurance carrier providing
<br />the insurance shall be chosen by Borrower subject to Lender' 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 eharge for flood zone determination, certificadon and tracking services; or (b) a one-time charge for �lood zone
<br />deteruunation and certification services and subsequent charges each titne remappings or siuvlar changes occur which
<br />reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Bonower's expense. Lender is under no obligation to purchase any particulaz type or atnount
<br />of coverage. Therefore, such wverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents of the Properry, 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 cqverage so
<br />obtained might significanfly exceed the cost of insurance that Borrower could have obtained. Any amounis disbursed
<br />by Lender under tlus Section 5 shall become additional debt of Borrower secuted by this Security Instrument. These
<br />amounts shall bear interest at ihe Note rate from the date of disbursement and shall be payable, with such interest,
<br />upon notice from Lender to $orrower requesting payment.
<br />All inswance 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 mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shaIl prompUy give to Lender all receipts of paid premiums and renewal notices. Tf Bonower obtains any
<br />form 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 ancUor as an addifional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may malce
<br />proof of loss if not made promptly 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 resiora6on
<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 restorauon period, Lender shall have the right to hold such insurance proceeds until Lender
<br />has had an opportuniry to inspect such Property to ensure the work has been completed to Lender's satisfacrion,
<br />BOITOWCL Illlli3ls: ��, � _
<br />NEBR4SKA—Single Family--Fannie MaeJFreddfe Mac
<br />Fortn 3028 1/O1
<br />Dor�Ylaglc �vnPC�
<br />www.docmagic.crom
<br />II I II I III II I'I IIIII'II I I II I I II I II II I I I I I I II I( I I II � III I I�II
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