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2011032�7
<br />shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than
<br />12 monthly payments.
<br />Upon payment in futl of a11 sums secured by this Securiry Instrument, Lender sYia11 promptly refund to Borrower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower sha11 pay all taxes, assessments, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the
<br />Properiy, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items
<br />are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Bonower sha11 promptly discharge any lien which has priority over this Security Instrument unless Borrower:
<br />(a) agrees in writing to the payment of the obligation s�ured by the lien in a manner acceptable to Lender, but only
<br />so long as Bonower is perfornung such agreement; (b) contests the lien in good faith by, or defends against
<br />enforcement of the lien in, legal proceedings which in I.ender's opinion operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such proceedings aze concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender
<br />determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument,
<br />Lender may give Borrower a notice identifying the lien. Within 10 days of the date on wluch that notice is given,
<br />Borrower shall satisfy the lien or take one or more of the actions set forth above in this Secrion 4.
<br />Lender may require Borrower to pay a one-time chazge for a real estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Propert3r Insurance. Bonower shall keep the improvements now existing or hereafter 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 sha11 be
<br />maintained 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 term of the Loan. The insurance carrier providing
<br />the insurance sha11 be chosenby Borrower subject to Lender's right to disapprove Borrower's choice, which right shall
<br />not be exercised unreasonably. T.,ender may require Borrower to pay, in connection with this Loan, either: (a) a one-
<br />tune charge for flood zone determination, certification and tracking services; or (b) a one-time chazge for flood zone
<br />detenmination and certification services and subsequent charges each time remappings or similar 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 particular type or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents 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 significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed
<br />by I.ender under this Section 5 shall become additional debt of Bonower 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 sha11 name L,ender as mortgagee and/or as an
<br />additional loss payee. Lender sha11 have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower sha11 promptly give to Lender a11 receipts of paid premiums and renewal notices. If 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 standazd mortgage clause and sha11 name Lender as mortgagee and/or as an additional loss
<br />PaY�•
<br />In the event of loss, Borrower shall give prompt notice to the insurance cartier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otharwise agree in writing, any
<br />insurance procceds, whether or not the underlying insurance was required by Lender, sha11 be applied to restoration
<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 to hold such insurance proceeds until Lender
<br />has had an opporiunity to inspect such Property to ensure the work has been completed to Lender's satisfaction,
<br />provided that such inspection sha11 be undertaken promptly. Lender may disburse proc�ds for the repairs and
<br />restoration in a single paymettt 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, Lender sha11 not be
<br />required to pay Bonower 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 Bonower.
<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 Security Instrument, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds sha11 be applied in the order provided for in Secrion 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and
<br />related matters. If Borrower does not respond within 30 days to a notice from I.ender that the insurance carrier has
<br />offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the
<br />notice is given. In either evettt, or if Lendar aequires the Property under Section 22 or otherwise, Borrower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund
<br />of unearned premiums paid by Borrower) under all insurance policies covering the Properiy, insofar as such rights
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT pocMaB/c
<br />Form 3028 1/09 Page 4 of 11 www.docm
<br />Ne3028.dot.�1
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