201404984 - Laserfiche WebLink

Browse

��14�4954 serv�ces and subsequent c�arges each time re�nappings or simi�ar chang�s occur which reasonably might affect su�h determination ar�ertification. Borrower sha�l also be responsible far the payment of an�r fees imposed by the Federal Emergency Management Agency in ca�nneGtion with the revie�v�f any flood�one determina��on result�ng from an o�ject�on by Barrawer. If Borra�er fails to ma�ntain any of the c�verages described above,Lender may ob�a.in insura�nce co�rerage, at Lender's option and Borrower's expense. Lender is under no vbtigation to purchase any particular type ar amount of coverage. Therefore,such caverage sha��c�ver Lender,but might or might not protect Barrower, Borrower's equity in the Property,or the cnnt�nts of the Property,against any risk,hazard or�iabi�ity and might prov�de greater or lesser coverage�han was previous�y in effect. $Qrrower acknowledges that the cost o��he i�surance co�era.ge sa obtained might significantiy�xceed the cost af insurance that Borrower could have obtained.Any amounts disbursed by Lender under�his Section 5 sha11 becorne additional debt af Borrower secu.red by this Security Instrument.'These am�unts sha11 be�r interest at the Note rate fr�m the date of d�sburs�ment and sha11 be payabte,v�t�th such interest,upnn noti�e frvm Lender to Bor.�ower r�questin�payment. A11 insuranee policies required by Lender and rene�rals af such pc�ticies shall be sub�ect to Lender's right to disapprove such policies, sha11 include a standard mortgage clause,and sha11 name Lender as mor��age� andlar as an additionalloss payee. L�nder sha��have the right to hold the policies and reae�va�certificates. If Lender requires,�orrower shall pramptly gi�e to Lender a�l r�c�ipts of paid prem�ums and�enewal notices. If Bonower obta.ins any fvrm�f in�urance coverage,not otherwis�requ�red by Lender, for damage to,or destruct�on of,the Property, such pol�cy sha11�nclude a standard mortgage�Iause anc�sha11 name I�e�der as mortgagee andl�r as ar�additionall�ss pa�yee. In the ev�nt of 1oss,Borrower shall g�ve pro�n�t notice to the insurance carrier and Lender.Lender may make proof of lo�s if not made promptty by Borrower.LJn�ess Lend�r an.d BQn��er otherwise agree in wri�ting,any insurance proceeds,whether or not the underlyxng�nsuran�e was required by Lender, shall be app�ied to restoration or repair af the Property, if the rest�ration or repair is e��nomica��y feas�ble and Lender's security is not less�ned. During such repair and restoration period,Lender sha��have the right to hold such insuranc�proceeds until Lender has had an opportunity to inspec�s�ch Property to ensure the work has been c�mpleted to Lender's satisfaction,provided that such insgection sha��be undertaken promptly. Lender may d�sburse proceeds for the repairs and restoratiaa in a singl�payment or in a series of progress payment�a�the w�r1�is completed,Unless an agreement is made in writing ar Applicable Lav� requires i�nterest to be paid�n such�nsurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds.Fees for pu�Irc adjusters,or ather�hird parties,reta.ined by Borrvwer sha11 not�e paid out of�he�nsurance proceeds and sha11 be the so�e obligati�n of Borrower. If the restoration or repair is not economically feasible�r Le�der's security wou�d be lessene�,the insurance proceeds shall be applied to the sums secured by this Security Instrument,whether or not then due,with the excess, if any, paid t��orr�wer. Such insurance proceeds shall be app�ied in the order provided for in Section 2. If Borrower abandons the Proper�,Lender may file,negot�ate and settle any available insurance claim and related matters. Tf�orrower d�es not respand within 3�days to a notice from Lender that the insurance carr�er has offered to se�tle a claim,then Lender may negotiate and settle the claim. The 3�-day period wi11 begin when the notice is given. In either event,or if Lender acquires the Property under Section 22 or ath�r�ise,Borrower hereby assigns to Lender(a)Borrower's rights to any insuranc�proceeds in an amount not to exceed th�amounts unpaid under the Note�r this Security Instrument,and(b}any other�f Borrower's rights�other than the right tv any refund of un�arn�d premiums paid by Borro�ter}under a11 insurance po�icies covering the Proper�y, insofar as such rights are applicable to the coverag�of the Prop�rty. Lender may use�he in�urance proceeds either to repair or restare th�Property or to pay amounts unpaid under the Note or this Security Instrument,�vhe�her or not then due. NEBRASKA�ingle Family-Far�nie MaelFr�eddie Mac�NEF�RM ttVSTRUMEPVT WITH MERS � Farm 3428 1141 VIIAP� 11MPBA(i�E}t1342}.� Wolters Kluwer Financiai Serr�ices Page?of 17 q43328126442 �233 351 Q717