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20120417� services and subsequent charges each time remappings or similar changes occur which reasonably might affect such detern�ination or certiflcation. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergettcy Management Agency in connecNon with the review of any flood zone detem�nation resulting from an objection by Borrower. If Borrower fails to mainta�n any of the coverages descrlbed above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligaflon to purchase any particular type or amaunt of coverage. Therefore, such coverage shall cover Lettder, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any rlsk, hazard or liab9lity and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might sign�cantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender nnder this SecHon 5 shall become addiHonal debt of Borrower 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 noHce from Lender to Borrower requesting payment. All insurance policies requ9red by Lender and renewals of such policies shall be subJect to Lender's rlght to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the rlght to hold the pollcies and renewal certiflcates. If Lender requires, Bonower shall prompdy give to Lender all receipts of paid premiums and renewal noflces. If Borrower obtains any form of insurance coverage, not otherwlse required by Lender, for damage to, or destruction of, the Property, such pollcy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additlonal loss payee. In the event of loss, Bonower shall give prompt noflce to the insurance carrler and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Bonower othenvise agree �n writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoraHon or repair is economically feasible and Lender's securlty is not lessened. During such repair and restora8on period, Lender shall have the rlght to hold such insw�ance proceeds untll Lender has had an opportunity to 9nspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken prompdy. Lender may disburse proceeds for the repairs and restoration in a single payment or in a serles of progress payments as the work is completed. Unless an agreement is made in writlng 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. Fees for publlc ad,justers, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligaHon of Borrower. If the restoration or repair is not economically Feasible or Lender's securlty would be lessened, the inst�rance proceeds shall be applied to the sums secured by this Securlty Inshvment, whether or not then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the order provided for in SecHon 2. If Borrower abandons the Property, Lender may flle, negoHate and settle any available insurance clalm and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period wlll begin when We notice is given. In either event, or if Lender acquires the Property nnder Secflon 22 or othervvise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Securlty Instrument, and (b) any other of Borrower's rlghts (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 001122894783 Cltibank 3.2.56.07 V1 NEBRASKASingle Femfly-Fannie Mae/Freddla Mec UNIFORM INSTRUMENT WITH MERS Fortn 3028 1/07 VMP � VMPBA�NE) I1705).00 Woliers Kluwaz Flnanclel Services Page 7 of 17