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��14�1517 <br /> services and subsequen�charges each time remappings or s�milar chang�s oecur which reasonab�y might <br /> affect such d�termination or certification. F3orrower sha11 also be responsible far�he payment af any fees <br /> imp�sed by the Federal Em�rgency Managemen�Agency in cor�nec�i�n with the r�vzew�f any flaod zone <br /> de�ermina��an resul��ng fram an object�on by Borrower. <br /> If Borrower fai�s to mainta.�in any of the coverages descrrbed above, Lender may ab�a.�n �nsurance coverage, <br /> a�Lender's op�ion and Barro�wer's expense. Lender xs under no obl�gation�Q purchase any par�icular type ar <br /> amoun�of caverage. Therefflre, such coverage shall �ov�r L�nder, but migh�or might nat protec�Borrovver, <br /> Barrower's equ�ty in�he Property, or�he canteri�s of�he Proper�, agains�any risk, hazard ar liability and <br /> m�gh�pro��de grea�er�r Iesser c��erage than vvas previously in effec�. Borrawer acknowledges�hat the cos� <br /> of the insuran�e��v�rage so obtained m�ght sign�f cantly exc�ed the�os�of insurance that Borrower cou�d <br /> have ob�a�ned. Any amoun�s disbursed by Lender under�h�s Section 5 sha�l b�Corne additiflnai debt of <br /> Bar�-ov�er secured by�his 5�cur�ty�nsfrum�nt. These amaun�s shall bear inter�s�a�the N��e rate from the <br /> da�e of disbursement and sl�all be payable, with such in�erest, upon�.oti�e frflm Lender�o Bnrrowe�- <br /> requesting payment. <br /> AII insura.�ce po��cxes requ�red by Lender and renewais of such polic�es shall be sub�ect to Ler�der's righ��o <br /> disapprove such policies, sha�l includ�a s�andard m.ortgage claus�, and shal� name L�nder as martgagee <br /> andlor as an additiflna� I�ss payee. Lender sha��hav�the righ��o hold the policies and renewa� certificat�s. <br /> If Lender requires, Borr�v►rer shall promptly giv�t�Lender a�l receipts of paid premiums and renevval <br /> notices. �f Barrower ab�ains any form of insurance co�erage, not�therv�se required by Lender, for damage <br /> tfl, or destruction of, �he Property, such pa��cy shal� �nc�ude a standard mor�gage�lause an.d shall name <br /> Lender as mortgagee an�lar as an addi�ional Iass payee. <br /> �n the e�en�of Ioss, Borrower sha�l give promp��.ot�c�to�he�nsurance carrier and Lender. Lender may <br /> make pr�of of�oss if no�made promptly by Borrovver. Un�ess Lender and Bflrrower otherv�rise agree in <br /> wri�ing, any�nsurance proceed�, whe�her�r no��he underlying in�urance was required by Lender, shall be <br /> appXxed�o r�stora�ion��repair�f the Property, �f the restora��on or repair is economical�y feasib��and <br /> Lender's security is na� �essened. During such repa�r and�restoration per�od, Lender shail have�he r�ght ta <br /> hald such insuran��praceeds until Lender has had an appartunity�o inspect such Property tQ ensure the <br /> v�ork has be�n c�mp�eted tn L�nder's sat�sfactifln, prov�ded tha�such inspectian sha�I be und��taken <br /> promptly. Lender may d�sburse proceeds for�he repairs and r�storatifln in a s�ngle payment�r in a series af <br /> pragress paymen�s as the work�s campleted. Un�ess an agre�ment is made in wrY�ing or AppiicabXe Law <br /> requir�s�n�erest�o be paid on su�h insurance proceeds, Lender shall nat be required to pay Barro�ver any <br /> in��res�ar earnings on such pro�eeds. Fees fQr pub��.c ad�usters, or�ther third parti�s, r�tained by Borr�wer <br /> sha�� not be paid ou�of the insurance proceeds an�shall �e�he sale abiiga�ion of Borrower. �f the restora�ion <br /> or�epair is not e�onomically feasib�e ar Lender's secur�ty wouid be�ess�ned, the insurance proceeds shal� be <br /> applied ta the sums secured by�hi� Secur�ty�nstrumen�, whe�her or no��hen due, wi�h th�excess, if any, <br /> paid to Borrower. Such�nsurance pr��eeds shall b�applied in the order prov�ded fQr�n Secti�n�. <br /> If Borrov�rer a�andons the Property, Lender may file, neg�tiate and s�ttle any ava�.�ab�e insurance cla�.m and <br /> rela�ed�na�ters. �f Borrovver does not r�spond vv��h�n 3� days�a a n���ce fram Lender tha�the insurance <br /> carrier has offered�o set�le a cla�m, �hen Lender may nego�iate and set��e�he claim. The��-day period will <br /> beg�n when�he no�ice is given. �n ei�her event, or if Ler�der acquires�he Praperty under Sect�on?2 or <br /> ��herwise, Borrawer hereby assigns�Q Lender�a� Borr�wer's rights to any Ynsurance proceeds �n an amount <br /> no��� exce�d the amoun��unpaid under the Nate or�hrs Security Instrumen�, and�b� any o�her af <br /> Borrower's righ�s (a�her than�he right�o a.ny refund of unearned prem�ums paid by Borrower}under a11 <br /> insuran��pol�cies cavering the Proper�y, �nsofar as such rights are applicable t��he��verage of�he <br /> Property. Lender may use the insurar�ce praceeds either t�repair or restore the Property or to pay amounts <br /> unpard und�r�h�N��e or th�s Security Ins�rument, whe�her or not then due. <br /> as�������s ssa��7���s <br /> NEBRASKA-5�ngle�am ily-Fat�nie M aelFreddie M ac UNIF�RM INSTR[JM ENT V11iTH N!ERS �orm 302 8 1!�� <br /> VMP 0 VN'I PSA�NE}�1302} <br /> VllaEters Kluw�r�ir�ar�cial Services Page 7 af'�7 <br />