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201200640 services and subsequent charges each timc remappings or similar changes occur which reasonably mieht affect such determination or certification.Borrower sl�ll also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain auy of the coverages described above,Lender may obtaiu insurauce coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any pazticular type or amount of coveraae.Therefore, such coverage shall cover Lender,but might or might not protect Borrowcr, Borroa�er's equiry in the Properry,or the contents of thc Property,against any rislc,hazard or liability and might provide greater or lesser coverage than was previously in effect.Borrower acknowledges that the cosr 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 Borrower secured by this Security Instrument.These aznotwts shall beaz interest at the Ivote rate from the date of disbursement and shall be payable,with such interest,upon notiee from Lencler to Borrower reyuesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies,shall include a standard mortgage clausc,and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices.if Borrower obtains any form of insurance coverage,not oYherwise required by Lender,for damage to,or destruction of,the Property,such policy shall include a standazd mortgage clanse and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss,Borrower shall give prompt notice to the insurance carrier and Lender.Lender may inake proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in c��-iring,any insurance proceeds,whether or not the undcdying insurance was required by Lcnder,sliall be applied to restoration or repair of die Property,if the restoraaon or repair is economically feasible and Lender's securiry is not lessened.Dm•ing such repair and resYOration period,Lender sball have the right to hold such insurance procccds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction,provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of pro�ess payments as the work is completed.Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds,Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fecs for public adjusters,or other third pazties,retaincd by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be applied to the sums secured by this Security Instrument,whether or not then due,with the excess,if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons tl�e Properry,Lender may file,ncgotiate and settle any availablc insurance claim and related matters. If Borrower does not respond wifl�in 30 days to a noYice from Lender that tl�e insurance carrier has offered to settle a claim,then Lender may negotiate aud settle the claim.The 30-day period will begin when the notice is given. In either event,or if Lender acquires the Property under Section 22 or otheiwise, Borrower hereby assigns to Lender(a)Borrower's rights to any insurance proceeds in an amount not co exceed the amounts unpaid under the Note or this Security Instrument,and(b)any other of Borrower's rights(other than the right to any refuud of unearued pre�niums paid by Borrower)uuder all insurance policies covering the Properry,insofar as such rights are applicable to the coverage of the Property.Lender may use the insurance proczeds either to repair or restore the Properry or to pay amounts unpaid under the Note or this Securiry Instrument,whether or not tfien due. � 88071265fi? 680112E567 NE8R4SKA-Single Famity-Fannie MaeiFrediie Mac 11NIFORM INSTRUMENT WITH MERS Form 3028�1101 VM?Q UM PfiA(NE)(1105j N/ollers Kluwer Flnancial Services Page 7 ot'�.7