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2Q120606� services and subsequant charges each time ramappings or similar changes occur wluch reasonably might affect such determination or cartification. Bonower shall also ba responsible for the payment of any fe� iaiposed by the Federal Emergency Management Agency in connection with the raview of any flood �na determination resulting from an objection by Bonow�. If Borrower fails to maintain any of tha coverages desaibed above, Lender may obtain insivance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or a�unt of coverage. Therefore, such cov�aga sha11 cover Lend�, but might or might not prot�t Borrower, Borrower' s equity in the Properiy, or the contents of the Property, against any risk, hazazd or liability and might provide greater or lesser coverage than was previously in effect. Bonower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained Any a�ounts disbursed by Lender under tlus Section 5 shall bacome additional debt of Borrower se�ured by this Security Instrument. These a�unts shall beaz interest at the Note rate from the date of disb�t and shall be payable, with such interest, upon notice from Lender to Bonower recluesting paYment• All insurance policies required by L,ender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and sha11 name Lender as mortgagee and/or as an additionalloss payee. Lender aha11 have the right to hold the policies and renevval certificat�. If Lender requires, Bonower shall promptly giva to Lender a11 receipts of paid premiums and renewal notices. If Borrower olstains any form of insuranca coverage, not othervvise required by Lender, for damage to, or destruction o� the Property, such policy shall include a standard mortgage clause and shall na� I.ender as mortgag� and/or as aa additional loss pay�. In the event of loss, Borrower shall give prompt notic� to the insurance carrier and Lender. Lender may make praof of loss if not made promptly by Borrowar. Unless Lender and Bonower othe�wise agre,e in writing, any insurance proce�ds, whether ar not the underlying insurance was r�uired by Lender, sha11 be applied to restoration or repair of the Proparty, if the restoration or repair is economically feasible and Lender' s s�urity is not lessened During such repair and restoration pariod, Lender shall have tha right to hold such insurance proceeds until Lender has had an opporhu►ity to inspect such Properiy to �e tha work has been completed to L.ender' s satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse prace,eds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law req�rires interest to be paid on such insurance proc�ads, Lender shall not be required to pay Borrower any interest or earnings on such proceads. Fees for public adjusters, or other third parties, retained by Borrower sha11 not be paid out of the insurance prac�eds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or L,ender' s security would be l�ed, the insurance proceeds shall be applied to the sums s�ured by this Se�urity Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provide�d for in Section 2. If Boirower abandons the Property, Lend� may file, negotiate and settle any available insurance claim and rela.ted matters. If Borrower does not respond within 30 days to a notice from Lende� that the insurance carrier has offered to settle a claim, then Lendar may negotiate and settle the claim. The 30�ay period will begin when the notice is given. In either event, or if Lender acquires the Property under Seclion 22 or othervvise, Borrower hereby assigns to Lender (a) Borrower' s rights to any insurance proceeds in an amouat not to e�cceed the �unts unpaid under the Note or tlus Se�urity Instrument, and (b) any other of Borrower' s rights (other tban 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 cov�age of the Properiy. Lender may use the insurance proce�eds either to repair or restore the Properiy or to pay amounts unpaid under the Note ar this Se�urity Instrument, whether or not then due. NEBRASKA-Sh�gle F�nBy-F�Ne Mae/Freddie Mao UNIFOHM INSTRUMENT WITH MER3 6 Form 3038 VMP (ql VMPBA(NE) (t 106) Wolters Kluw� F�u�al3ervbes Pege 7 of 17