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<br />services and subsequent charges each time remappings or similar changes occur which reasonably might
<br />affect such determination or certification. Borrow� shall also be responsible for the payment of any fees
<br />imposed by the Federal Emergency Management Agency in conne�tion with the review of any flood wne
<br />determination resulting from an objection by Bonower.
<br />If Bonowar fails to maintain any of the coverages describe� above, Lender may obtain insuranca coverage,
<br />at Lender' s option and Bonower' s expense. Lender is under no obligation to purchase any parliculaz type or
<br />a�unt of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower,
<br />Borrower's equity in the Propert�+, or the contents of the Property, against anY risk, hazard or liability and
<br />might provide greater or 1� coverage than was previously in affect. Borrower acl�owledges that the cost
<br />of the ins�u�ance coverage so obtained might significantly exc�d the cost of insurance that Borrower could
<br />have obtained. Any amounts disbursed by L,ender under this Section S shall become additional debt of
<br />Borrower se�cured by this Security Inst�vment. These a�owrts shall bear interest at the Note rate from the
<br />date of disbursement and sha11 be payable, with such interest, upon notice from Lender to Bonower
<br />requesting paYment•
<br />All insurance policies required by I,ender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall nmme Lander as mortgage�e
<br />and/or as an additionalloss payee. Lender shall have the right to hold the policie,c and renewal certificates.
<br />If Lender r��, Bonower shall promptly give to Lender a11 receipts of paid premiums and renewal
<br />notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lend�, for damage
<br />to, or destruction of, the Property, such policy shall include a atandard �rtgage clause and shall name
<br />Lender as �rtgagee and/or as an additionalloss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may
<br />make pr�f of loss if not made promptly by Borrower. Unless Lender and Bonower othervvise agree in
<br />writing, any insurance praceeds, whether or not the underlying insurance was required by L,ender, shall be
<br />appliefl to restoration or repair of the Property, if the restoration or repair is economically feasible and
<br />Lender' a security is not lessened. During such repair and restoration period, Lender sha11 have the right to
<br />hold such insu�anca proceeds until Lender has had an opportunity to inspect such Properiy to ensure the
<br />work has b�n completed to Lender' s satisfaction, provided that auch inspection shall ba uadertaken
<br />promptly. Lender may disburse praceeds far the repairs and restoration in a single payment or in a series of
<br />progress payments as the work is completeci. Unless an agreement is made in writing or Applicabla Law
<br />requires interest to be paid on such insurance proceeds, Lender shall not ba requirad to pay Borrower any
<br />intere,st ar earnings on such proceeds. Fees for public adjusters, or other third parti�, retained by Borrower
<br />shall not be paid out of the insuraace proceeds �d shall be the sole obligation of Bonower. If the restoration
<br />or repair is not economically feasible or Lender' s security would be l�ed, the inmm+nce proceeds shall ba
<br />applied to the sums secured by ttus Se�urity Instiiunent, whether or not then due, with the excess, if any,
<br />paid to Borrower. Such insurance procads shall be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insuranca claim and
<br />related matters. If Harrower does not respond witUin 30 days to a notice from Lender that the insuranca
<br />carrier hes offered to settle a claim, then Lender negotiate and settle tha claim Tha 3Q-day period will
<br />begin when the notice is given. In either event, or if Lender acquires the Properiy under Section 22 or
<br />otherwise, Borrower hereby assigns to Lender (a) Borrower' s righix to any insurance proceeds in an aumunt
<br />not to excced the a�unts unpaid under the Note or tius Se�urity Instrument, and (b) any other of
<br />Bonower' s rights (other than the right to any refimd of une,mrnad premiums paid by Borrower) under all
<br />insurance policies covering the Property, insofar as such rights are applicable to the coverage of the
<br />Property. Lender may use the insivance proce�eds either to repair or restore the Property or to pay amounts
<br />unpaid under the Note or this Security Instrument, whether or not then due.
<br />NEBRASKAS�ngle PemOy-Fan�e Mae/Freddie Mac UNIFORM IN3TRUMENT WITH MERS 27 Fwm 3038 7 07
<br />yMp � VMPBA�NE) (7106)
<br />Wokers Kluwer Finm�del Servtces Pege 7 of 7 7
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