201402595 - Laserfiche WebLink

Browse

��14��595 ser�ice�and subsequent charges each time remappings ar similar changes occur�vhich reasonably might affect such determination or certificat�on. Borrowe�shall also be responsibte for the payment of any fees imposed by th�Federal Emergency Managem�nt Agency in connec�ion with the revi�w of an}�flood zone determination resulting from an objecti�n by Borro�er, If Borr�wer fai�s to marntaxn a��of the�o�erages des�r�bed above,�,e�.d�t ma�obta.�n�n5uran�e�average, at Lender's option and Borro�ver's expense. Lender is under no obligatian to pur�hase any particu�ar type or amount of co�erage. Ther�fare, such co�erage sha��cover Lender,but might�r might not protect Borrower, Bano�ver's equity in the Property,or the content�af the F'roperty, against an�risk, ha2ard�r liability and might pro�ide greater or�esser coverage than�va�pre�ious�y in effect. Borrower acknozuledges that the cost of the insurance coverage �o obta.ined might signifi�antly exceed the co�t of insurance�hat Borrower could ha�e ob�ained. Any am�un�s disbursed by�ender under thrs��ction 5 s�a��became addit�nnal debt af Borrower secured by this Security Instrument. These amounts sha1X bear interest at the Note rate from the da�e of disbursement and sha1�be payable,wi�h such interest,upon notice from Lender to Borro�er requesting payment. All insurance policies requir�d by Lender and renewals of such policies sha1�be sub�ect to Lende�r's r�ght to disa�aprove suGh pol�cies, shall inc�ude a stan�iard martgage�Iause,and sha11 name Lender as mortgagee andlor as an additional los�pa�ee. Lender shall ha�e the right ta hold the policies and renewal certificates. If Lender requires, Borrower sha11 promptly giv�to Lender a11 receipts af paid premiums and rene�a� notices. If Borrow�r�btair�s any form of insuran�e coverage, not otherw�se requ�red by Lender, for damage to,or destruction of,the Proper�y, such polxcy sha��include a standard mortgag�clau�e and shall name Lender as mortgagee andlor as an additional loss payee. In the event af loss, Borrower shall giv�prompt notice ta th�insurance carrier and Lenc�er. Lender may make�roaf of loss if not made promptly by Barrower. Unless Lender and Borrower o�her�vise agree in writing,any insurance proceeds,whether or not the underlying insurance was required�y Lender, shall be applied to restaration or repair af the Property, if the restaration ar repair is economically feas�ble and Lender's secur�ty is not Iessened. During such repair and restoration period,Lender sha11 have the right t� hold such insurance proceeds until L�nder has had an opportunity to inspect such Property�o ensure the work has been completed to Lender's satisfaction,�r��d�d�hat sueh inspection shall be underta�en promptly. Lender may disburse proceeds for the repairs and restoration in a s�ngle payment or in a s�ries of progress pa�ments as the work is campleted. Unle�s an agreement is made in writing or Applicab�e Law requires interest to be paid�n such insurance proceeds, L�nder shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for publi�adjusters,ar other third parties,ret,a.ined by Borrower shal�not be paid out of the insurance proceeds and sha��be the sole ob�igation af Borrower. If�he restoratiQn or repair is not e�onomical�y feasible or L�nder's secu.rity would be lessened,the xnsurance proceeds sha�l b� app�ied to the sums s�cured by this�ecuri�y Instrument,whether or nat then due,with the exce�s, if any, paid to Borrower, Such insuranc�praceeds shall be applied in the order pro�ided f�r in Section Z. If Barrower aband�ns the Property,Lender ma�fiie, negotiate and settle any available insurance claim and related matters. If Borrower does not respond w�thin 3 a days to a notice from Lend�r�hat the�nsurance carrier has offered to set��e a ciaim,then Lender may nego�i�.te and set�ie�he ctaim. The 3�-day period w�1� begin�hen the notice is gi�en. In either��ent,or if L�nder acquires the Pr�perty und�r Section 22 or o�herwise, Borrower hereby assigns to Lender(a�Borro�ver's rights to an�insurance proceeds in an amount not to e��eed the amounts unpaid under the Note or this Security Instrument,and(b}any other of Barrower's rights�other than the right ta any refund of unearned premiums paid by Borrower}under a1� insurance�olieies co�ering the Praperty, insofar as su�h r�ghts are applicable to the co�erage of the Proper�y. Lender may use the insurance proceed�e�ther to repair or restore the Propert�or ta pay amounts unpaid under the l�Tote or this Security Instrum�nt,r�vhether ar not th�n due. NEBRA54CA-Si�gle�amil -Fannie MaelFroeddie Mac�NIFQRM INSTRUMENT WlTH MERS �-�� Famn 3428"�I41 Y VMP� VMPfiA(NE}[1342}.4Q Wolters Kluwer Financial Servie�s Page 7 0�17 q�33�1�35Z29 �Z33 5l4 Q717