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201102681
<br />If there is a surplus of Funds held in escrow as defined under RESPA, Lender shall account to Borrower for the excess
<br />funds in accordance with RESPA. If there is a shortagP of Funds held in escrow, as defined under RESPA, Lender shall notify
<br />Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance
<br />with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Bon•ower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
<br />deficiency in accordance with RESPA, but in no more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds
<br />held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property
<br />which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, ifany, and Community
<br />Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the
<br />manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in
<br />writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is
<br />performing such agreement; (b) contests the lien in good faith by, or defends against enforcement ofthe lien in, legal proceedings
<br />which in Lender's opinion operate to prevent the enforcement ofthe lien while those proceedings are pending, but only until such
<br />proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br />this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this
<br />Security lnstrument, Lender may give Borrower a notice identifying the lien. Within 10 days ofthe date on which that notice is
<br />given, 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 charge for a real estate tax verification and/or reporting service used by
<br />Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited
<br />to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including
<br />deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change
<br />during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's
<br />right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in
<br />connection with this Loan, either: (a) a one-time charge for flood zone detennination, certification and tracking services; or (b) a
<br />one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar
<br />changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the
<br />payment of 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 Lender's
<br />option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore,
<br />such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents
<br />of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect.
<br />Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that
<br />Borrower could have obtained. Any amounts disbursed by Lender under this Section _5 shall become additional debt of Borrower
<br />secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be
<br />payable, with such interest, 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 disapprove
<br />such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee.
<br />Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to
<br />Lender all receipts of paid premiums and renewal notices. lf Borrower obtains any form of insurance coverage, not otherwise
<br />required by Lender, for damage to, or destruction of, the Property, such policy shall indude a standard mortgage clause and shall
<br />na�ne Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss
<br />if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or
<br />not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration
<br />or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall
<br />have the right to hold such insurance proceeds until L,ender has had an opportunity to inspect such Property to ensure the work
<br />has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse
<br />NEBRASKA—Single Family--F�nnie M�e/Freddie Mac UN�FORM INSTRI•MEN'I'
<br />NEBRASKA-MERS
<br />ITEM 2698L5 (101909)
<br />Form 3028 I/01
<br />GreatDocs�
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