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2Q1108355 <br />Barrower shall prompt�y discharge any lien which has priority over this Security Inshument uniess <br />Borrower: (a) agre�s in vvriting to the payment of the obligation secured by the lien in a manner acceptable <br />to Lender, but only so long as Borrawer is perfornung such agreement, (b) contests the lien in good faith <br />by, ar defends against enforcement of the lien in, legal proce�dings which in L�der's opuuon operate to <br />prevent the enforcement of the lien while those procee�ings aze pending, but onty until such proceedings <br />are concluded; ar (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating <br />the lien to this Se�urity Instrument. If T.ender determines tbat any part of the Properiy is subjerX to a lien <br />wluch can attain priarity over this Security Instrument, Lender m�ay give Borrower a notice identifying the <br />lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or <br />more of tke actions set forth above in this Se�kion 4. <br />I.ender may xequire Borrower to pay a ona-time charge for a real estate taac verification and/or <br />reporting service used by Lender in connection with this Loan. <br />5. Property Insurance. Borrower shall keep the improvernents now existing or hereafter erected on <br />the Property insured against loss by fire, hazards included within the term "extended cove,rage," and any <br />other hazards inclnding, but not limited to, earthquakes and floods, for which Lende,r requires insurance. <br />This insurance shall be maintained in the �nounts (including dedndible levels) and for the periods that <br />Lender requires. What Lender requires pursuant to the preceding sent�ces can change cturing the te�m of <br />tlie Loan. The insurance cazrier providing the insurance shall be chosen by Bonawer subject to Lender's <br />right to disapprove Borrower' s choice, which right sbaii not be eacercised unreasonably. I.ender may <br />require &mower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone <br />determination, c�rtification and tracldng services; or (b) a one-time charge for flood zone determination <br />and certificatiox services and subseqtient ct�arges each time remappings or similaz changes occur which <br />reasanably might affect sexch dete�mination ar certification. Borrower shall also be responsible for the <br />paymeat of any fe�s imposed by the Federal Emergency Management Agency in connection with the <br />review of anq flood zone determinanon resulting from an objection by Borrower. <br />If Borrower fails to maintain any of the coverages describeci above, Lender may ob�tain insuraace <br />coverage, at Lender' s option and Borrower' s expense. Lender is under no obligation to purchase acry <br />particular type ar amount of coverage. Therefare, such coverage shall cover Lender, but might or might <br />not protect Borrower, Borrower' s equity in the Property, or the contents of the Properiy, ' against any risk, <br />bazard or Iiability and mitght provide greater or less�r coverage than vv�as previolasly in effect. Bonower <br />acknowledges that the cost of the insurance coverage so obtained might significantly elcceed the c�st of <br />insurance that Borrower could have obtained Any amounts disbursed by Lender under this Section S syall <br />become additional debt of Borrower secured by this Seeurity Instrument. These amounts shall beaz interest <br />at the Note rate from the date of clisbursemea�t and shall be payai�le, with such interest, upon noti� &om <br />I,ender to Borrower reqe�esting pa3'ment• <br />All insurance policies requirefl by Lender and renewals of such policies shall be subject to L�der's <br />right to disapprove such policies, s1�all include a standard mortgage clause, and shall name Lender as <br />mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies �nd renewal <br />certificates. If L�der requires, Borrower shall promptly give to L�der all receipts of paid premiums and <br />renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by' Le�cler, <br />for damage to, or destruction of, the Property, such policy shall include a standard martgage clause and <br />shall name Lender as mortgagee and/or as an additional loss payee. <br />In the event of loss, Bonower shall give prompt notice to the insurance carrier and I.ender. I.end� <br />may make proof of loss if not made promptly by Borrower. Unless I,e�der a�nd Borrower othervvise agree <br />in writing, any insurazice proceeds, whether or not the underlying insurance was required by Leaider, shall <br />be applied to zestoration or repair of the Property, if the restoration or repair is eoonomically feasible and <br />Lender' s security is not lessened During such rzpair and restoration period, Lender shall have the right to <br />hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the <br />2200162791 D V6�ANS <br />NEBRA3KA - Singis Family - Fannle Mae/Freddte Mac UNIFORM INS'fRUMFNT WRH M <br />�-6A(NE� toa�o� Pags 8 of 15 �nitials: S Ql�' Fo!'tr13028 1101 <br />c9 <br />