201401504 - Laserfiche WebLink

Browse

��14�15�4 ser►�ices and subsequent charges�ach time remappings or simi�ar changes�ccu.r which reasonably might affect such de�ermination�r certification. Borrower sha11 also be responsible for the payment of any fees �mpased by�he Feder�.1 Emergency Management Agency in connection with th�re�iew of any flo�d�ane determination resulting from an objection by Borrower. If Borrower fails to mainta.in any of the coverages described above,Lender may ab�ain insurance coverage, at Lender's opti�n and B�rra�r�r's expense. Lend�r is under no abligation ta purchase any particular t�pe or amount of co�erage. Ther�fore, such caverage sha11 ca�er Lender,but might or might not protect Barr�v�er, Borr�wer's equity in�he Pr�perty,or the contents of the Property,against any risk,hazard or liabi��ty and might prvvide greater or lesser coverage than was previously in effect. �orrower acknowledges that the cost of the insu.rance c��rage sa obtained might significantly exceed t�e cost of insuran�e that Borro�ver could have obtained.An.y amau�.ts disbursed by Lender under thi�Sect�on 5 shall b�come additional debt of Borrower secured by this Security Ins�rument. Thes�amounts shail bear in�erest at the Not�rate from the date af disbursement and shall be payable,with sueh interes�,upon notice from Lender to$orrower requ�sting payment. A11 insurance policies required b�Lender a�d rene�vais of such policies sha11 be sub�ec��o Lender's right to disapprave such policies, sha11 include a standard martgage clause,and shal�name Lender as mortgagee andlar as an additional lass payee. Lender shall have the right to ho�d the policies and renewal certif cates. If Lender requires,Borrower shall promptly gi�e to Lender a11 receipts of paid premiums and renewal notices. if Borrower obtains any form of insurance cov'erage,not otherwis�required by Lend�r, far damage to,or destruction af,the Property, such palicy sha11 include a standard mortgage clause and sh�11 name L�nder as mortgagee andlar as an additional loss pa�ee. �n the even��f loss,Barro�ver sha��give prampt notice to the�nsurance carrier and Lender. Lender may make proof of loss if not made promptly by Barrower.Unless Lender and Bo�'rower other�ise agree in �vriting,any insurance proceeds,�uhether or not�he under�ying insurance was requi.red by Lender, shall be applied tv restorati�n or r�pair of the Property, �f the res�oration or repair is economically feas�ble and Lender's security is no�les�ened. During such repair and restoration peri�d,Lender sha11 have the right to hold suc�insuran�e proce�ds until Lender has had an opportunity to inspect such Praperty to ensure th� work has be�n c�mpleted to Lender's satisfaction,provided that such inspection sha11 be undertaken promptly. Lender may dis�urse proceeds far the repairs and restoration in a single paym�nt ar in a series of progress payments as the wor1�is comple�ed. Unless an agreement is made in wrrting or App�icable Law requires interest to be paid on such insurance proceeds,Lender sha��not�e re�uired to pay Borrower any interest or earnings on such proc�eds. Fees for public adjusters,or other third parties,retained by Barro�ver sha11 not be paid out of the insurance praceeds and sha�l be the sole obligation of Borrower. If the restoration or repair is not econornically feasible or Lender's security vvauld be lessened,the insurance proceeds sha11 be applied tfl�he sums secured by this Security�In.strument,whether or not then due,with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied i�the order provided for in Section 2, If Borrower abandons the Property,Lender may file,negotiate and set�le any availab�e insu.rance claim and related matters. if Borrower does not respond within 3�days to a not�ce from Lender��a�t�ie insurance carri�r has offered to settle a c1a�m,then Lender may nego�iat�and settle the claim.Th�3�-day period vvi�� begin when the notice is given. In either ev�nt,or if Lender acquires the Property under Sectior��2 or otherwise,Barrower hereby assigns to Lend�r(a��orro�er's rights to any insurance proceeds in an amaunt not to exceed the amaunts unpaid under the Na�e or this Security Instrum�nt,and�b}an�other of Borrovver's rights(other than the right to any r�fund of unea.rned premiums pa�d by Borrower}under all insurance polici��covering the Praperty, �nsofar as such rights are appl�cable to the co�erage of the Prap�rty. Lender may use�he insuran�e proceeds either to re�aair ar res�ore the Proper�y or to pay amounts unpaid under the Note or this Security�nstrument,whether or n�t then due. NEBRASI{A�ir�gle Fam�ky-Fannie MaelFr�ddie Mac tJNIF�RM INSTRUMENT WITH MERS Form 34�8 1141 VMP� VMPBA(NE)(1302).a4 Waiters Kluwer Fir�ancial Serv��es Page 7 of�? q033238��297 �233 265 �71�