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20120459�
<br />lien wlule those proceedings an pending, but only until such proceedings are co�luded; or (c) secures from the
<br />l�older of flie lien an agreement satisfactoiy to Lender subordinating the lien to tlus �curity Instrument If Lender
<br />detennines that airy part of die Property is subject to a lien which can attain priority over tlus Security Instmment,
<br />Lender may give Borrower a notice identifying the lien Wiflun 10 days of tl� date on wluch that notice is given,
<br />Borrower shall satisfy die lien or take one or more of die actions set forth above in flus Section �t.
<br />Lender may require Borrower to pay a one-time charge for a real estate taa veri�cation and/or reporting
<br />service used by Lender in connection with this Loaa ,
<br />5. Property Insurance. Borrower shall keep tl�e improvements now elisUng or hereafter erected on
<br />the Property insured against loss by fire, l�azards included within the term "estended coverage," and any other
<br />hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. T1us insur�u►ce
<br />shall be maintained in the amounts (including deductible levels) and for 11� periods that Len�ier requires. Wl�at
<br />Lender requires pursuant to the preceding sentences can change during tl� term of the Loan The insurance
<br />carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's
<br />choice, which right shall not be esercised unreasonably. Lender may require Borrower to pay, in connection
<br />with dus Loan, either. (a) a one-time charge for flood zone deternunation certification and tracking seivices; or
<br />(b} a one-Ume charge for flood zor� detennination and certificarion services and subsequent charges each time
<br />remappings or similar cl�anges occur wluch reasonably nught affect such determi�ration or cert�cation. Borrower
<br />sl�all also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency
<br />in connection with the review of an,y flood zone detennination resulting from an objection by Borrower.
<br />If Borrowerfails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's ea Lender is under no obligation to pwcliase arry particular type or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or nught not protect Borrower, Borrower's
<br />equity in the Property, or flie contents of the Properiy, against any risk, hazard or liability, and might provide
<br />greater or lesser coverage than was previously in effect. Borrower acknowledges tl�t the cost of the insurance
<br />coverage so obtained might significantly e�ceed tlie cost of insurance d�t Borrower could have obtained. Acry
<br />amounts disbursed by Lender under this Section 5 sl�all become additional debt of Borro�ver secured by tlus
<br />Security Instrument. These amourns shall bear interest at the Note rate from the date of disbursemenrt and shall
<br />be payable, with such interest, upon notice from Lender to Borrower requesting payinent,
<br />All insurance policies required by Lender and renewals of such policies sl�all be subject to Lender's rigl�t
<br />to disapprove such policies, shall include a standard mortgage clause, ar�i shall name Lender as mortgagee
<br />and/or as an additional loss payee. Lender sl�all have the right to hold the policies and renewal certificates. If
<br />I.ender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal �tices.
<br />If Borrower obtains any form of insurance coverage, not otl�envise required by Lender, for damage to, or
<br />destruction of, flie Properiy, such policy shall include a standard mortgage clause and shall name Lender as
<br />mortgagee and/or as an addirional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may
<br />make proof of loss if not made promptl,y by Borrower. Unless Lender and Borrower otherwise agree in wriUng,
<br />any insurance proceeds, whedier or not the underlying insurance was required by Lender, sl�all be applied to
<br />restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security
<br />is not lessened. During such repair and restoration period, Lender shall l�ave the right to hold such insurance
<br />proceeds until Lender has had an opportunity to inspect such Properiy to ensure die work has been completed
<br />to Lender's satisfactioq provided that such inspecUon shall be undertaken promptly. Lender may disburse
<br />proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work
<br />is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on sucli
<br />insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds.
<br />Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance
<br />proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible
<br />or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured b,y this
<br />Security Instnunent, whether or not then due, witli die excess, if any, paid to Borrower. Such insurance
<br />proceeds shall be applied in the order provided for in Section 2.
<br />NEBRASI�A—Single Family—Fannie Mae/Freddie Mac UNIFOKM INSTRUMENT Form 30281/01
<br />NEBRASKA-MERS a���`�
<br />ITEM 2898L6 (072811) (Pege 6 of 15)
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