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201206855 services and subsequent charges each time remappings or similar changes occur which reasronably might affect such determi�ation or certitication. Borrower shall also be responsible fm' tlie payme�ll of any fees imposed by the Federal Emergency Management Ageucy in coru�ection with the revicw of any tlood zone determination res�dting from an objection by Borrower. If Borrower fails to mainfain any of the coverages described above, Lender may obtain insw'auce coverage, at Lender's option and Bm�rower's expense. Lender is under no obligaUon to purchase aoy particular type or amount of eoverage. 'I'herefore, such coverage shali cover Lender, but might or might not proteet Borrower, Borrower's equity in the Property, or Lhe contents of tl�e Property, against any risk, hazard or liability and might provide greater or ]csser coverage than was prcviouely in effect. Borrower acknov,dedges that thc cost of the insurancc coverage so obtained might significanfly exceed the cosi of insurancc that Borrower could have obtained. Any nmounts disbw�sed by Lender imdcr this Secfion 5 shall beeome addi[ional debt of Borrower secured by tl�is Security Iostrume��t These amoimte shall bcar interest at the NoYe rate from Che date oF disbursement and ehall be payable, with such interesf, upon notice frmn Lender to 13orrower requesting payment. AlI insurance polieies required by I.ender and renewals of such policies shall be subject W Lender's ri�t to disapprove such policies, shall include a stnndard mortgage clause, a��d shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal cer[ificates. If Lender requires, Borrower shall promptiy give to Lender al] receipts of paid premiums and re�cwal notices. if Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or desG�uetion of, the Properry, sucli poliey shall include a standard mortgage clause and shall namc Lender as mortgagee and/or as an additional loss payee. Bi the event of loss, Borrower shall give prompt noticc to the insurance carrier and Lender. Lender may make proof of]oss if'noY made promptly by Borrower. Unless Lender and Borrower otheiwise agree in writiug, any insurance proceeds, whether or not the uoderlying insuranee was required by Lender, shall be applied to resCoration or repair of the ProperYy, if the restoration or repair is economically feasible nnd Lender's security is not lessened. During such re�air aod restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity Lo i�spee[ such Pro�crty to ensure the work has been completed to Lender's satisfaction, �rovided that such inspection shall be underlaken promptly. Lender may disburse procceds for the repairs and restoratio� in a single payment or in a series of prog�ess payments as the work is completed. Unless an agreemenE is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not bc required to pay Borrower any interest or ea�nings on such proceeds. Fees for public adjusters, or other tl�ird parties, retained by Borrower sh�ll not be paid out of the insurnncc proceeds and shall be the sole obligation of Borrower. If tlte restoration or repair is nol economically feasible or Lender's security would be lessened, the insurance proceeds shall bc a�piicd to the sums secured by this Security i��sf��ument, whether or not thcn due, with the excess, if any, � paid to Bm�rower. Such insurance proeeeds shall be a}�piied in the order provided for in Seclion 2. If Bon�ower abandons the Property, L,ender may tile, negotiate and settle any availa6le i�surance claim and relaYeci matters. lf J3orrower does not respond within 30 days to a notice from Lender that the insurance cairier has offercd to settle a claim, lhen Lendcr may negotiate and settle[he elaim. The 30-day period will begin wlien the notice is given. In eitl�er event, or if Lender acquires the Property under Sec[ion 22 or otherwise, Borrower hereby assigns to Lender(a)Sorrower's rights to any insurance procccds in an amounC not to exceed the amounts unpaid under the Note or this Security insd'u�nent, and(b)any olher of Borrower's rights(other Yhan d�e right to any ref'und of unearned premiums paid by Bm�rowcr)under all insurance policies covering the Property, insofa�� as euch rights are applicable to the coverage of the Property. T,ender may use the insurance proceeds either to repair or restore the Properry or to pay amounis uu�aid under the Notc or this Security I�strument, whether or not tlien due. 88012]549A tltlU1L]5498 NEBRASKA-Single Family-Fannie Mae/Fretldie M ac 11MFORM INSTRUM ENT WITH M EF25 Form 3028 7/01 VM P[) VM PBA(NE�(1105) W oltas Kluwsr Finencial Servloas Page]of i]