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<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make
<br />up the shortage in accqrdance with RESPA, but in no more than 12 monthly payments. If tl�ere is a deficiency of
<br />Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br />shall pay to I.ender the amount necessary to make up the deficiency in accordance with RESPA, but in na more than
<br />12 monthly payments.
<br />Upan payment in full of all sums secured by this Security Instn�ment, Lender shall �romptly refund to Borrower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes; assessments, charges, fines, and impositions attributable to
<br />the Property which can attain priority over this Security Tnstrument, leasehold payments or ground rents on the
<br />Property, 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 Secrion 3.
<br />, Borrower shall promptly discharge any lien which has prioriry over this Security Instrament unless Borrower:
<br />(a} agrees in writing to the payment of the obligation secured by the lien in a uia�uier acceptable to Lender, but only
<br />so long as Borrower is performing sueh agreement; {U) contests the lien in good faith by, or defends against
<br />enforcement of the lien in„ legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien
<br />while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder
<br />of the lien an agreement satisfactory to Lender subordinating the lien to this Securiry Instrument. If Lender
<br />determines that any part of the Property is subject to a lien which can attainpriority over this Security Instrument,
<br />Lender may give Borrower a notice identifying;the lien. Within 1Q days of the date on which that notice is given,
<br />Borrower shall satisfy the lien or take one or more of the actions set farth above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Bonower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included witlun the term "extended coverage," and any other hazards
<br />including, but nofiimited to, earthquakes and floods, for which Lender requires insurance. Tius insurance shalt 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 insarance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall
<br />notbe exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a ane-
<br />time charge Por flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone
<br />determination 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`optian and Borrawer's'e�pense. Lender is under no obligation to purchase any particular type or amount
<br />of caverage. Therefore, such covexage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents of khe Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage tlian was previously in effect. $orrower 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 Lender undex this Seetion 5 shall become additional debt of Borrower secured by this Securiry Instrument. These
<br />amounts shall 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 />A11 insurance policies required by Lender`and renewals af suchpolicies'shall be subject to Lender's right to
<br />disapprove such policies,'shall include astandard mortgage clause, and shall name Lender as moxtgagee and/or as an
<br />additional loss payee. Lendex shall have the right to hold the policies and renewal certificates: If Lender requires,'
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewai notices. If Borxower obtains any
<br />form af insurance coverage, not otherwise xequired by Lender, "for damage to, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and sha11 name I.ender as mortgagee andlor as an additional loss
<br />payee.
<br />In the event of Ioss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance proceeds, whether or not the nnderlying insurance was required'by Lender, shall 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 opporhuiity to inspect such Property to ensure the work has been completed to Lender's satisfaction,
<br />provided that such inspecdon shall be undertaken promptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of pxogress payments as tl�e woxk is completed. Unless an agreement
<br />is made in writing or Applicabie Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br />required to pay Borrower any interest or earnings on suchproceeds. 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 Borrower.
<br />If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proGeeds
<br />sha11 be applied to the suxns secured by this Security Instrument, whether ox not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 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 Lender that the insurance carrier has
<br />offerecl 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 event, or if Lender acquires the Property under Section22 or otherwise, Borrower hereby
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7 pocMaglc�tm�
<br />Form 3028 1/01 Page 4 of 1l www.docmagic.tom
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