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201206674 services and subsequem charges each time remappings or similar changes occur which reasonably might affect such deternrination or certificarion. Borrower shall also be responsible for the payment of any fces imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulring from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Horrower's expense. La�der is under no obligarion to purchase any particiilar type or amount of coverage. Therefore, such cmerage shall cover Lender, but might or might not protect Borrower, Horrower's aquity in the ProPert}', or the contents of the PraPerty, aSainst any risk, haztud or liability and might provide greater ar lesser coverage than was previously in effect. Borrower aclmowledges that the cost of the insurance coverage so obtained might significantly e�ccced the cost of insuisnce that Borrower could haue obtained Any amounts disbursed by Lender imder ttris Section 5 sLall bacome additional debt of Borrower sec�sed hy tlris Security Instnmient. Theae amounts shall bear interest at the Note rate frnm the date of disbursement and shall be payable, with such imerest, upon notice from Lender to Borrower recluestin8 Pal'ment• All insurance policies required by Lender and renewals of such policies shall be subject W Lender's right[o disapprove such policies, shall include a st�dmd mortgage clause, and shall name Lender as mortgagce and/or es an additionalloss payee. I,ender ahe11 have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall prompfly give to Lender all receipts of paid premiums and renewal notices. If Bonower obtains any form of insurance coverage, not otherwise required by Lendea, for damage to, or destruction o£, the Property, such policy shall include a standard mortgage clause and shall name Leuder as mortgagee and/or as an additional loss payee. in the eveut of loss, Borrower shall give prompt norice to the ins�uance carrier and I.euder. I.ander may make proof of loas if not made promptly by Borrowa. Unless Lender and Borrowa otheawiae agree in writing, any insurance procceds, whether or not the underlying insuxsnce was required by I.ender, shsll be applied to restoration or repair of the Property, if the restorarion or repair is economically feasible and Lender's seciuity is not lessened. Ihaing such repair and reatoration period, Ixnder shall have the right to hold such insurance proceeds�mtil Lender has had an opportunity ta insped such Pmperty tn ena�se the work has beEn completed to I.ender's satisfaction, provided tUat such inspection sha11 be undertaken promptly. Lender may disburse proce�s for the repairs and restoration in a single payment or in a series oF pmgress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid an such ineurance procxeds, Lender sbell not be raqu'ued to pay Horrower any inberest or earnings on such procceds. Feas for public adjusters, or other tUird pmties, re4ained by Borrowa shall not be paid oar of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasSble or I.ender's aecurity would be lesaened, the insurance proceeds sLall be applied to the sums secured by Uris Se�xrrity Inclrument, whether ar not then due, with the excess, if any, paid w Borrower. Such insurance procceds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lenda may file, negotiate and seule any available insurance claim and related matters. If Borrower does not respond wi8rin 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 will begin when the notice is given. In either event, ar if Lendex acquires the Property under Sec[ion 22 or otUenvise, Botrower hereby aasigna to Lender(a)Borrower's rights to any insiu�ance procceda in an amount not to esceed the amouMs unpaid under the Note or this Security Instrument, and(b)any other of Borrower's rights(other thsn the right to any refimd of uneazned premiums paid by Borrower)under all insurance policies covering the Property, insofar as such rights are applicable W the coverage of the Properiy. Lender may use the insurance proceeds either to repair or restore the Property ar to pay amounts impaid�mder the Note or tlris Security Instrument, whether or not then due. 2300262632 D V6ANE NEBMSKASinye Femlly-FanNe Mw/Freddla Mac UN60RM INSTflUMENT WRH MERS iam 30381/07 VMP(� VMYBA(NE��11061 WWbrs KUwM Finenad Swvices Ppe 7 of 17