201404810 - Laserfiche WebLink

Browse

1 ��14�451� � i wh�ch cap atta�n priorl�over th�s Security Instrumen�, Len�er ma�giv� Borr�wer a n�ti�e i�entifying �h� �ien. W�thin 1�days af the date on vvhich that r�oti�e �s gi�en, �orr�vv�r shall satisfy the l�en or take �ne ar mare af the a�tions set forth abo�e in this Secti�n�. Lender may reauire Borrower to pay a ane-time charge for a r�al estate ta��erifi�at�on andlor repor�ing serviGe used b� Lender�n connectian w�th this L�an. 5. Pr��erty �ns�ran�e. Barravver sha�� keep t�e impra�emen�s now ex�s�.ing or hereafter erec�ed or� the Property insured aga�n�t loss by f�re,hazards �n��uded within the term "extended co�erage,"and any other hazards in��uding,but not�imited to,earthquakes and floads,far which Lender requires�nsurance. This insurance shall be mainta�ne� in the amour�ts�including deductible 1e�els}and far the periods that Lender requires. What Lender r�quires pursuant ta�he preced�ng sentences can chang�during th�te�n of the Laan.The insurance carr�er pro�iding the insurance sha�l be chosen by Borr�wer su�ject to Lender's right to disappro�e Borrovver's choYce, which right shall not be ea�ercised unreasana�ly. L�nder may r��uire Borra�er t4 pay, in con�ection wi�h this Laan, eiti�er: �a}a one-time charge far flaod zone determination,cert�f�cation and tra�king services; �r(b�a one-time charge for flood zane determination and cer�ification services and subs�quent charges each t�me remapping;s or similar cha�ges�ccur which reasona�ly migh�affect such determinati�n or cert�fication. Borrower sha��a�so be respans�bl�for the payment af any fees im�osed by the Federal Emerg�ncy Management Agenc� Yn�annection vvith the re�iew of any flood zone determination resultrng fram an �hjection by Borrower. If Borrovver fatls to mainta�n any af th�co�erages described abo�e,Lender may abtain insurar�ce co�erage, at L�nder's option and Borrower's expense. Let�der rs under n�ob�igat�on to purchase a�ay particular type a�ama�a�t of cnverage. Therefor�, such coverage shall cover Lender, but might or mi�ht not protec� Borr�wer, Borro�ver's equi�y in the Property, ar the canten�s of�he Prop�rty,aga�nst any risk, ha�ard ar liabilrty and m��ht pr��ide greater or Iesser co�erage tha�was pre�iously in effec�.Barrovver acknaw�edges that th�cost of the insurance co�erage so abtained might s�gnif�cantly exceed the cost of insuranc�that Borro�ver cou�d have��ta�ned. Any amounts��shursed h� Lender under this Sectian 5 shall �ec�me additronal debt af Borrower secured by�his Security Instrument.These amaunts sha��bear anterest at the Note ra�e fram the date�f disbursement and sha11 be payab��,wi�h such�nterest,upon notice from Lender t�BQrr�w�r requesting payment. AlI insurance poiicies required by Lender and rene�vals of su�h policies shall be su�ject to Lender's right to disappro�e such pol�cies,shall in�lude a standard m�rtgage clause,and shal�name L�nder as mortgag�e andlar as an addi�ional loss pay�e. Lender shal�ha�e�he right ta hold the pol�c�es and ren�wal certifcates. I f Lender r��uires, Borrawer shall promp�ly gi�e to Lender a�l receipts of paid premiums and renewal natices. If Borrawer obtains a��f�rm of�nsurance��r�erage, nat othez-vvise requi��d by Lender, far damage t�,�r destructian of,the Praperty,such poli�y sha�I include a standard mortgage clause and sha11 name Lender as mortgagee andlar as an addit�onal lass payee. In the e�en�of loss, Borrower shall g�ve prompt na�ice�to the rnsurance carrier and Lender. Lender may mal�e proaf of loss if r�ot made prompt�y by Borro�er. Unless Lender and Barro�ver otherw�se agree in writing,any insuranc�proceeds,whether or not the un�erl�ing insurance vWas r�quired by Lend�r, sha�l be app��ed to restorat��n or repair af the Property, i f the restoration nr reparr�s econamically feasible and Lender's se�urity is nat lessened. Dur�ng such repair and restaration period, Lender shall ha�e the right t�hold such �nsurance pro�eeds until Lender has had an oppor�unity t� inspect such Properfy to ensure ��s�7��7�0 NE6RASKA-5ingle Family-Far�nie MaelFreddie Mac UNIFnRM INSTRUMENT Form 30�8 11�1 VMPC�7 � 02i14 Wolters Kluwer Finan�ial Services 2�14�7�34.�.1.2529-J20131225Y Initi � Page fi of 17 *H L�11�5�55�501�23*