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<br />services and subsequent charges each time remappings or similar changes occur which reasonably might
<br />affe�ct such detemunation or certification. Bonower shall also be responsible for the payment of any fees
<br />imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br />determination resulting from an objection by Bonower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage,
<br />at Lender's option and Bonower's expense. Lender is under no obligation to purchase any particulaz type or
<br />amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower,
<br />Borrower's equity in the Property, or the contents of the Property, against any risk, ha7ard or liability and
<br />might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost
<br />of the �n�,�,�nce coverage so obtained might significantly elcceed the cost of insurance that Borrower could
<br />have obtained Any amounts disbursed by Lender under this Section 5 sha11 become addirional debt of
<br />Borrower secured by this Security Instrument. These amounts sha11 bear interest at the Note rate from the
<br />date of disbursement and sha11 be payable, with such interest, upon notice from Lender to Borrower
<br />requesting payment.
<br />All insurance policies required by Lender and renewals of such policies sha11 be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgag�
<br />and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates.
<br />If Lender requires, Bonower shall promptly give to Lender all re,ceipts of paid premiums and renewal
<br />notices. If Bonower 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 name
<br />Lender as mortgagee and/or as an additionalloss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance cazrier and Lender. Lender may
<br />make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in
<br />writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, sha11 be
<br />applied to restoration or repair of the Property, if the restoration or repair is economically fe�sible and
<br />Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to
<br />hold such insurance proceeds until I,ender has had an opporlunity to inspe,ct such Properly to ensure the
<br />work has been completed to Lender's satisfaction, provided that such inspection sha11 be undertaken
<br />promptly. Lender may disburse pr�s for the repairs and restoration in a single payment or in a series of
<br />progress payments as the work is completed Unless an agreement is made in writing or Applicable Law
<br />requires interest to be paid on such insurance proceeds, Lender sha11 not be required to pay Bonower any
<br />interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower
<br />sha11 not be paid out of the insurance proceeds and shall be the sole obligation of Bonower. If the r�storation
<br />or repair is not ec;onomically feasible or Lender's security would be lessened, the insurance proceeds sha11 be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any,
<br />paid to Borrower. S�ch insurance proceeds sha11 be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim aad
<br />related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance
<br />carrier has offered to settle a claim, then Lender may negotiate and settle the claim The 30-day period will
<br />begin when the notice is given. In either event, or if Lender acquires the Property under Secrion 22 or
<br />otherwise, Bonower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount
<br />not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of
<br />Bortower' s rights (other than the right to any refund of uneazned premiums paid by Bonower) under all
<br />insurance policies covering the Property, insofar as such rights are applicable to the coverage of the
<br />Properiy. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts
<br />unpaid under the Note or this Se,curity Instrument, whether or not then due.
<br />8807311B50
<br />NEBRASKASingle Femily-Fennie MeelFreddie Mec UNIFORM INSTRUMENT WITH MERS
<br />VMP �
<br />Wolters Kluwer Finenciel Sarvicw
<br />88013118b0
<br />Form 3028 1101
<br />VMPBA(N� (17061
<br />Pege 7 or 1 r
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