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<br />require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data attd
<br />reasonable estimates of expenditures of future Escrow Iterns or otherwise in accordance with Applicable
<br />Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or enrity (includittg Lender, if Lender is an institurion whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time
<br />specified under RESPA. Lender shall not charge Bonower for holding and applying the Funds, annually
<br />analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the
<br />Funds and Applicabie L,aw permits Lender to make such a charge. Unless an agreement is made in writing or
<br />Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Bonower any
<br />interest or eamings on the Funds. Bonower and Lender can agee in writing, however, that interest shall be
<br />paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as
<br />required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held 'vn escrow, as
<br />defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up the shortage in aocordance with RESPA, but in no more than I2
<br />monthIy payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
<br />notify Bortower as required by RESPA, and Bonower shall pay to Lender the amount necessary to make up
<br />the 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
<br />to Borrower any Funds held by Lender.
<br />4. Charges; Liens. Bonower shall pay all taxes, assessments, charges, fines, and impositions
<br />attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
<br />ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To
<br />the extent that these items aze Escrow Items, Borrower shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Bonower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to
<br />Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or
<br />defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent
<br />tha enforcement of the lien while those proceedings are pending, but only until such proceedings are
<br />cottcluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the
<br />lien to this Security Instrument. If Lender determines f.hat any part of the Property is subject to a lien which
<br />can attain priority over tlus Security Instrument, Lender may give Borrower a norice identifying the lien.
<br />Within 10 days of the date on which that norice is given, Borrower shall sarisfy the lien or take one or more
<br />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 ta.x verificarion and/or
<br />reporting service used by Lender in connection with this Loan.
<br />5. Property Insurance. Bonower shatl 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 including, but not limited to, earthqualces and floods, for which Lender requires insurance. This
<br />insurattce shall be maintained in the amounts (including deductible levels) and for tb,e periods that Lender
<br />requires. What Lender requires pursuant to the preceding sentences can change during tha term of the Loan.
<br />The insurance carrier providing the ittsurance shall be chosen by Bonower subject to Lender's right to
<br />disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Bonower
<br />to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certificarion
<br />and tracking services; or (b) a one-rime chazge for flood zone determinarion and certification services and
<br />subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />NEBRASKA—Sittgle Family—Fannie Mae/Freddie Mac TINIFORM INSTRUMENT
<br />� 335.4 Page 5 of 14 Form 3028 LOl
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