201109351 - Laserfiche WebLink

Browse

20110935� required by RFSPA, and Bonower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instivment, Lender shall promptly refund to Bonower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, chazges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items aze Escrow Items, Bonower shall pay them in the manner provided in Section 3. Bonower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings aze concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender detemunes that any part of tT�e ProperEy is subject to a lien which c�n, attain priority over this Security Instrument, Lender may give Barrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrowes shatY s�tisFy the Iien or take one or more of the actions set forth above in this Se,crion 4. Lender may require Borrower to pay a one-time charge for a reai �ate tax verification and/or reporting servicx u� by Lenrter in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now ea�isti�g or hereafter ere.cted oa the Frogerty i.�red �gainst loss by fire, hazards included within the term "extended coverage," aud any other hazar�s �nc3uding, but Bot tir�ited to, earthquakes and floods, for which I.ender requires insurance. This insurance sl�aiZ be maintained in ttce amounts (including deducrible levels) and for the periods that Lender requires. What LeIIder re.quires pursuant to the preceding sentences can change during the term of the Loan. The insuraace carrier providing the insurance shall be chosen by Bonower subject to Leader's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone deternrination, cemfic.ation and tracIang services; or (b) a one-time chazge for flood zone determination aad certification services an�. subse.�uent charges each time remappings or similar changes occur wluch reasonably might affect such determination or certification. Bonower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in conn�tion with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's oprion and Bonower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not prot�t Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effe,et. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Bonower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon norice from Lender to Bonower requesting payment. NEBRASKA-Single Family-Fennle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 VMP p VMPBINE) (1105) Wolters Kluwer Flnancial Services Page 8 of 17