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201108105
<br />Lender to �ke such a charge. Unless an agree�nt is made in writiag or Apglicable Law requires interest to be
<br />paid on the Funds, Lender shall not be required to pay Borcowet any interest or eamings on the Funds. Borrower
<br />and Lender can agree in writing, however, that interest sha11 bep� d on the Funds. Lender shall give to Borrower,
<br />without charge, an annual �ccounting of the Funds as reqaired by RESPA.
<br />If there is a suxplus of Funds held in escrow, as defined under RFSPA, Lender shall account to Barrower
<br />far the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as definedunder
<br />RESPA, Lender shall aotify Borrower as r�uired by RFSPA, and Borrower shall pay to Lender the a�unt
<br />necessary to make up the shortage in accordance with RESPA, but in no �re than 12 monthly payments. If there
<br />is a deficiency of F�mds held in escrow, as defined under RESPA, Lender shall notify Barrower as required by
<br />RESPA, and Borrower shall pay to L�nder the amount ne�essary to �ke up the deficiency in accordance with
<br />RESPA, but in ao more than 12 montlily pay�nts.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to
<br />Borrower �y Funds held by Lender.
<br />4. Charges; Lieas. Borrower shall pay all taxes, assess�nts, charges, fines, and i�ositioas
<br />attnbutable to the Property which can attain priority over this Security Instrument, leasehold payments or ground
<br />rents on the Properiy, if any, and Community Ass�iation Dues, Fees, and Assessments, if any. To the extent that
<br />these items aze Escraw Items, Borrower shall pay them in the manner pravided in Section 3.
<br />Borrower shall promptly discbarge aay liea w}uch has priority over this Security Instnuvent unless
<br />Borrower: (a} agrees in wnhng ta the pay�at of the obligation secured by the iien in a manner acceptable to
<br />Lender, but only sa long as Borrower is performing such agreement; (b} contests the lien in good faith by, ar
<br />defends against enforcement of the liea in, legal proceedings which in Lender's opiaion operate to prevent the
<br />enforcement of the lien while tbose proceedings are pend'mg, but only until such �r�eedings are concluded; or
<br />(c) secures from the holder of the lien an agree�nt satYSfactary to Lender subordwatmg the liea ta t}us Security
<br />Inshument If Lender determines that any part of the Property is subject to a lien which c�a attain priority over
<br />this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date oa
<br />which that notice is given, Borrawer shall satisfy the lien ar take one or more of the actions set forth above in this
<br />Sectian 4.
<br />Lender may requim Bortower to pay a one-ti� charge for a real estate ta� verification and/or reporting
<br />senrice used by Lender m cannection with this Loan.
<br />5. Progerty Insurance. Borrower shall keep the �" provements noev existing or hereafter erected � the
<br />Property insured against loss b� fire, hazards included vv�'thin the term "extended coverage," and any other
<br />hazards including, but not limited to, eartbquakes and floods, for which Lender requires uvsurance. This
<br />insurance shall be maintaiaed in the amoimnts {including deductible levels) and far the periods that Lender
<br />requir�. What Lender requires �ursuant to the preceding sentences can change rluring the term of the Loan. The
<br />msurance carrier providing the �asurance shall be chosen by Borrower subject to Lender's right to disapprove
<br />Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in
<br />connection with this Loan, e�ther: (a) a one-time charge for flood zone determination, certificatioa and tracking
<br />services; or (b) a one-time charge for fload zone determination and certification services and subsequent cl�ges
<br />each time rema�pings or similaz changes ocour which reasonably might affact such determination or certificatian.
<br />Borrower shall also be responsible far the payment of any fees imposed by the Federal Emergency Management
<br />Agency in connection with the review of any flaod wne determination resulting fi an objection by Borrawer.
<br />If Bonower fails to �intain any of the covsrages described above, I,ender may obtaa.iia insuraxice
<br />caverage, at Lender's option and Borrower's exgense. Lender is under no obligation to purchase any particular
<br />type or amaunt of coverage. Therefore, such coverage sball cover I.ender, but might or might not protect
<br />Borrower, Bonower's equity in the Praperty, or the conte�s of the Property, against any risk, hazard or liability
<br />and might provide greater or lesser cover�ge than was previously in effect. Borrower aclmowledges that the cost
<br />of the insurance coverage so obtained might significantly exceed the cost of insuraace tt�at Borrower could have
<br />obta.iaed Any amounts disbursed by Lendet under this S�tion 5 shall become additional debt of Borrower
<br />secured by this Security Instntment. These amounts shall bear interest at the Note rate from the ciate of
<br />disbursement and shall be �ayable, with such interest, upon notice from Lender to Borrower requestingpa.ymeat
<br />All inc��,�„ce �hcies rec�uued by Lend� and renewals of such palicies shall be subj�t to Lender's nght
<br />to disapprove such policies, shall �nciude a standard mortgage clause, and sha11 name Lender as mortgagee andlor
<br />as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Leader
<br />renuires, Borrower sha11 gromptly give to Lender ali receipts of paid premiums and renewal notices. If Borrower
<br />obtains any form of insurance coverage, not otherevise required by I:ender, for damage to, or destruction of, the
<br />Praperiy, s�h policy sha11 iaclude a standard mortgage clause and shall name Lender as mortgagee andlar as an
<br />additional loss payee.
<br />In the event of loss, Borrower sha11 give prompt notice to the insurance cazrier and Lender. Lender may
<br />make proof of loss if not �mde promptly by Borrower. Unless Lender and Borrower otherwise agree in writing,
<br />any insuraace pr�eeds, whether or not the underlying iasurance was required by Leader, st�all be apglied to
<br />restoration or repair of the Froperiy, if the restora#ion or repair is economically feasible and Lender's security is
<br />not lessened. During such repair and restoration peri�, Lender shall have the right to hold such insurance
<br />proc�ds uatil Lender has had an opportuaity to iaspe�t such Property to ensure the work has ban completed to
<br />Lender's satisfaction, provided that s�h inspectioa shall be undercaken prompfly. Ixnder �ay disbutse proc�ds
<br />for tlxe repairs and restoration in a single payv�nt or in a series of progress pay�nts as the work is co�npleted.
<br />Unless an agreement is made in wriiing or Applicable I,aw requires interest to be paid on such insurance
<br />proceeds, Lender shall not be required to pay Borrower any interest or eamiags on such groceeds. Fees for gublic
<br />adjusters, or other third parties, retamed by Borrower shall not be paid out of the ins„rance proceeds and shall he
<br />the sole obligation of Borrower. If the restoration arrepair is not economically feasible or Lender's security
<br />would be lessened, the insurance praceeds sha11 be applied to the suu�s secured by this S�urity Instrument,
<br />whether or not then due, with the exc�s, if any, paid to Bonawer. Such insurance praceeds shall be applied in
<br />the order provickd for in Section 2.
<br />If Bonower abandons the Properiy, Lender may file, negotiate and settle any available inc,mance claim
<br />and related matters. If Borrower does not respond within 30 days to a nofice from Lender that the in�rance
<br />carrier has offered to settle a claim, thea Lender utay negotiate aud settle the claim. The 30-day period will be�in
<br />when the notice is given In either event, or if Lender acquires the Property under Section 22 or otherwise,
<br />Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an a�unt not to exceed
<br />the amounts unpaid under the A1ote or this Security Instru�nt, and (b) any ot3�er of Borrower's rights (other than
<br />the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the
<br />Property, insofar as such rights are applicable to the coverage of tf�e Property. Lender r�y use the in�rance
<br />NEBRASKA—Single Family—Faoaie Mae/Freddie Mec IINIFQRM INSTRLT1NiF.N'T Modifled Form 3U28 U01 (page 4 of 9 pagesl
<br />22050.CV (Slll) 141625 Creadve Thinldng, Inc.
<br />G01'O(0112c7e7d)
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