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20110810G
<br />shaIl far aIl pncposes be deeaned ta be a covenant`�' &igreemient couea�ned 'an this Security Instrument, as the phrase
<br />"covenaat and agreemezzt" is used 'ua Section 9. If �osrawer is mhllgated to pay Escrow Items directly, pur�uant to
<br />a waiver, azs� Borxawer fails to pay the amo�nt clue for an Escrow Item, I.ender may exercise its rights under Sectean
<br />9 arid pay such amount and Barrower shail then be ob�igated ue►der Secrian 9 to rapay to Lendex any such amaunL
<br />T.ender uxay revake the waivec as to any or a31 Escrow dtea�as at aay time by a notice given in accordance with Sectian
<br />1S and upon such revocatian, Borrower shalt pay to I.ender a13 Funds, and in sucka amounts, tlnat az� then required
<br />under this SecEion 3.
<br />Lender may, at ar�y time, collect and hold Funds in an amount {a) su€ficient #o permit Lender to apply the Runds
<br />at the time specified under RESPA, and (h) not to exceed die maximum amount a lender can require under RESPA.
<br />i.�nder sball estimats the amount of Funds due on the basis of current data and reasonabla estimates of expendihues
<br />of future Escrow Items or otherwgse in accordance with Ap��licable Law.
<br />'Fhe Funds shali be held in an institution whpse deposits are insured by a federal agency, instrumentality, or
<br />entity (ipcluding I.ender, if I.ender �s an institution whose depasits are sa insurecn or in any Federal Home Loaa
<br />Bank. Lender shall apgly the Funds to p�y the Escraw Yteins no Iater than the time specified under RESPA. Lender
<br />shall not chazge Barrower for holding and applying the Funds, annually analyzing the escrow f►ccount, or verifying
<br />the Escrow Items, unless Lender pays Borrower interest om the Funds anc3 Apglicable Law permits L,ender to make
<br />such a charge. Unless an agreement is made un wriCing ar Appllcable Law requires interest to be paid on the Funds,
<br />Lea�der shail not be required to pay Borrower any inte'rest or earnimgs on the Funds. Borrower and Lender can agree
<br />in writing, however, tl�at interest sh�lI be paid on fihe �unds. Lender shall give to Borrower, without charge, an
<br />annual accaunting af the Funds as rec;uixed by RFS�'A.
<br />If'there is a surplu4s of lFuads heid in escrow, as defined upder kESPA, Lender shall account to Borrower for
<br />the excess funrls in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Barrower as requi�ed by RESPA, and Borrower sha1l pay to Lender the amount necessary to make
<br />up the shortage in accordance witFi 12ESPA, but in no more than 12 monthIy payments. If there is a deficieacy of
<br />Fands held in escrow, as de�'ined under RESPA, I.�nder s�all no4ify Barrowar as required by RESPA, and Borrower
<br />slxall pay to I.,emder the amount necessary to make up the deficiency in accordance with RFSPA, but in no more Chan
<br />12 monthly payments.
<br />Upan payment in full of all sum.s secured by this Securitiy Instrument, Lenc3er shall proFnpdy refund tu Borrower
<br />any Funds held by Lender. ,
<br />4. Chaxges; Li.eus. Borrawer shall pay all taxes, assessments. charges fines, and impositions attributable to
<br />tha Property which can altain priority over this Security Instrument, leasehold paytneats or ground rents on the
<br />Property, if any and Communiry Assoc�ation Dues, Fees, and �,ssessments, if any. To the extent tl�at these items
<br />are Escrow Ttems, Borrower shall pay t�nem in ¢he manner provided in Section 3.
<br />$oFrower shall prompdy discharge any lien which has priority over this Security Instrument waless Borrower:
<br />(a) agrees in writing to the paymant of the obligation secuzett by the Iien in a manner acceptable to Lender, but only
<br />so long as Borrow�r is performing such agreement; (b} contests the lien in gaod faith by, or defends against
<br />enforcemeaL o� the li�n in, iegal proceedings which in Lender' s opuuon operate to prevent the enforcement of the lien
<br />while Chose proceedings are pending, but only until such proc�edings ace �oncluded; ar (c) secures from the holder
<br />of the lien ttin agreement saCisfactory to Lender su{�o�dinaCin$ the lien to this Secur�ty InsCrumen�. If Lender
<br />determines that any part of the F'raperty is subject to a lien ivhich ean attain priority over this Securily Xnsirc►ment,
<br />Lender may give Bonower a natice idantifying the lien. Wit�in y0 days of the date on which that nodce is given,
<br />Bortower shall saEisi�+ the lien or take one ar more of the actions set farth above in Chis Section 4.
<br />I.ender may reguire Borrower eo pay a one-time charge Por a rea] estate tax verification andlor repa�ting se�vice
<br />used by Lender in connecrion with this Loan.
<br />5. Property Insux°ance. Borrower shall keep the improvements now existing ar hereafter erected on the
<br />Property insured agauast loss by fize, hazacds includec! within the ternx °extended caverage," and any other I�azards
<br />including, but noC limited to, earthquakes and floods, for whiah Lender requires insuraz►ce. This insurance shall be
<br />maintauyed in the amovnts {including deductable levels} and for rha periods that Lender requires. What Lender
<br />requires pursuant to the preceding sent�nces can c�ange during the terrrt of the Loan. 'I`he insurance carrier providing
<br />tha insurance shatl be chosen by Barrower subject to I.enrter' s rigIrt to disapprove BarroweF` s choice, which right shall
<br />not be exercised unreasonably. Lender may require Borrower w pay, in connection with this Loan, either: {a) a one-
<br />time charge for fload zane determination, certificaeion and iracking services; or (b) a ane-dme charge for ftood zone
<br />determination and certi6catian servicQS and subsequent charges each time remappings or similar changes occur which
<br />reasanably might affect such determination or cert�cation. �orrower shall alsa be responsible for the paynnent of
<br />any £ees imposed by the Federai Emergency Management Agency in cannec�aon with the review of any fiaad zane
<br />determination resulting from an objec#ion by Borrower.
<br />If Baxcower fails to maintain any of the coverages described a6ave, Lender may obtaim insuranc� covesage, at
<br />Lender`s option and Borrower's expense. Lender is under no obligation Yo purchase any garricular type or amvunt
<br />of coverage. Therefore, suclh coverage sha�1 cover Lender, but migbx ar might not protect Borrower, Barrawer's
<br />equity in the Fraperty, oa the contents af ths �'roperty, agairost any risk, bazard or liability and might provide greater
<br />or lesser cov�rage than was previousgy in effect. Bar�ower acknawYedges that the cost of the 9nsurance coverage so
<br />obtained might sigaificantly exceed the cost of insurance that �ower could have obtained. Any amounts disburs�
<br />by Lender under #his 5ection 5 shall become additional c�ebt of Barrovc�er secured by this Security Instrurnent. These
<br />amounts shaYl bear interest at the Note gate from rhe date nf disbursemen*. a� shall be payable, with such interest,
<br />upon natice from I.ender to BonoweF requesting �ayme�t ,
<br />All imsurance paIicies requYred by I..snder and renawals of such poticies shall be subject ko Lender's righY to
<br />disapprove such poiicies, shall include a standard n�ortgage clause, and shall name Leuder as martgagee andlar as au
<br />NEBAASKA--Singte Family—Fannie MaelFre�idto Mac UNIFORM INSTRUME7�IT - Mff� pocA�lag/eQ�rm�mt
<br />Form 3028 1101 Psgg 4 ot 11 wrww.dxmagTc.eom
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