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' 201207624
<br /> noc �n #: aoo24��6o6�oosoiz
<br /> Lender may requtre Borrower to pay a one-tirne charge fur a real estate tax verification and,�or reporting
<br /> service used by Lender in connection with this Loan.
<br /> S. Prope��ty Insurance. Borrower shall keep the improvements now existing or hereaflee crcctrd on thc
<br /> Property insured against loss by firc,hazards included wil}iiri the lenr�"exlended coverage,"and any other
<br /> hazards including, but no[limited to, earthquakes and floads, for which Lender requires insurance. This
<br /> insurance shal]bc maintained in the amounts(including deductible levels) and for the periuds thal Lender
<br /> requires.What Lender requires pursuanl tu Lfie preceding sentenees can change during lhe term of the Loan.
<br /> The insurance carrier prnviding fhe insurance shall be chosen b}� Borrower subject to Lender's right to
<br /> disapprove Borrower's choice, which right shall not he exercised unreasanably. Lender may require
<br /> Borro�n�er lo pay,in connection with ihis Loan,eithcr: (a]a one-time charge fnr Flnnd znne determination,
<br /> certiFication and trnckix�g services;nr(U)a nne-time charge for flood zone determination and certification
<br /> services and subsequent charges each tirne remappings or similar changes accur�vhich reasona6ly might
<br /> affcct such determination or certiflcation. Bnrrower shall also 6e res�onsi�le for fl�e paymenl of any fees
<br /> imposed by the Federal�mergency Managemeru Age�icy in connection with(he review of any flood zone
<br /> determination resulting from an ohjection hy Rorrnwer.
<br /> If Sorrower fails lo maintain any of the coverages described above,Lender may nhiain insurance coveraKe,
<br /> at Londer's uytiurt iil](I BUi'CpWPI''s expense.Lender is under no obligation in purchase any particular type or
<br /> anio�nt of co�erage.Therefore,such co�erage shall cover Lender,but might or might not pratec i Bwruwer,
<br /> Borrower's eq�[ty in the Properry,or thc contenls af lhe Pruperty,against any risk,hazartl or liability and
<br /> might provide greater or lesser coverage lhan was previousiy in effect. Sorn�wer acknowledges that the
<br /> cost of the insurance r.nverage so obtained mighl significantly exCeed the cost of insurance lhal BurF�wer
<br /> cauJd laave obtained.Any amounts disbursed by Lender under this 5ection 5 shall bewme additional debt
<br /> of Borrower secured by this Seeurity Instrument.Thcsc amounts shall bear interesi ar the nnte rate from
<br /> t�ae dale u�disl�iuSP.mP.�tl ai�d shall 6e payable,�vith such inierest, upon notice from Lender to Sorra�ver
<br /> requesting payment.
<br /> All iusurance policies required by Lender and rene�vals of such policies shall be subjec!to L.ender's right tn
<br /> disapprnve such policies, shall include a slandard mortgage clause,and shall name Lender as c�iortgagee
<br /> and/or as an addilional loss payee.Lender shall have the right to hold the poliries and renewal certificates.
<br /> If Lcndcr rcquires, Borcower shall pmmptly give to Lender all receipls oF paid premiums and renewal
<br /> noti�es.If Borrower obtains any form of insurance coverage,not otherwise required by Lender,for damage
<br /> to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall nan3e
<br /> Lender as mortgagce and,+or as an addiliuz��l luss pa_yee.
<br /> in the event nf lnss,Snrrow-er shall�ive prompt notice ro the insurance carrier and Lender. Lender ruay
<br /> make proof of'loss if'not made prompUy by 13orrower. Unless Lender and Borrower aEherwise agree in
<br /> wrillng,any insurance procecds,whether or not the underlying insurance was reyuired by Lender,shall be
<br /> applied tn restnration or repair oF the Property, if the res[oraflon or repair is economically feasible and
<br /> Lender's seeurity is not lessened.Durii�g such repair and restoration period,Lender sliall have ihe riglzt tn
<br /> hold such insurance proceeds uiitil Lenc�er has liad a�i opportwuly to inspecf such Property to ensure the
<br /> work has been completed to Lender's satisfaction, provided that such inspection shall 6e undertaken
<br /> prnmptly.Lender may disburse proceeds for the repairs and restoratio�in a Siugle payment or in a series of
<br /> progess payments as the work is completed. Unless an agreement is made in�vritiaig or Applicahle Law
<br /> requires in[erest to be paid on such insurance proceeds,T,ender shal]nnt be required to pay Sarrower any
<br /> inlerest nr earnings nn such proceeds.Fees For public adjusters,or other third parties,retained by Sorrower
<br /> shall not 6e paid out af the insurance proceeds and shall be the sole abligation of Borrowir. Tf llie
<br /> restoration or repair is nol e�unumically feasibJe or Lender's security would be lessened, the insurance
<br /> proceeds shall be applied to the sums secured by this Security Instrument,whether or nnt then due,with thc
<br /> excess, if any, paid to Borroti�er. Such insurance proceeds shall be ap�lied i3� lhe order provided far in
<br /> Section'L.
<br /> If Sorrower abandons the i'mperty,Lender may file,negotiate and setdc tuty availahle insurance r.laim and
<br /> rclatcd matlers. If Rorrower durs nnl respnnd witl�in 3D days to a notice From Lender chat the insurance
<br /> carrier has oFfeeed to setde a claim,then Lender may negotiate and seltle[he daim.The 30-day period wiq
<br /> begin when the notice is given. In either event, or if Lender acquires t�ie Property under 5ection 22 or
<br /> otf�erwise,Borrawer liereby assigns ro Lender{a)Sorrower's rights to any insurance proceeds in an amount
<br /> not to exceed the amnunrs unpaid under the Note or this 5ecurity Instrument, and (6) any other of
<br /> Borrower's rights (other than the right to any refund of uneamed premiums paid by Borrower) ur�der all
<br /> insurance policies covering thc Property, insofar as stirh righrs are applicable to the co��erage of the
<br /> Property.Lender may use lhe insurance proceeds either to repair or restore the Property or to pay amounts
<br /> unpaid under the Nole or this Security]nstru�ient,whether or not thcn duc.
<br /> NEBRASKA--Single Famity--Fannie NfaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1l01
<br /> Deed of Trust-N[
<br /> 2066--NE(12111) Page 5 of 12
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