201407761 - Laserfiche WebLink

Browse

��14�77�1 ser�ices and subsequ�nt char�es each t�me remap��ngs or s�milar changes occur�vhich reasonably might affect such determinatian or�ert�fication, Borrow�r shall also be responsible for the payment of any fees imposed by the Fed�ral Emergency Management Agency in con.nection with the review of any fload 2one determination resulting frvm an objection by Borrower. If Bvnower fails to maintain any of the co�verages de�cribed abo�re,Lender ma�r obtain insurance co�erage, at Lender's opt�on and Barro�ver's expense. Lender is under no obligation to purchase any particu�ar type or amount of coverage.Therefore,such coverage sha11 cover I�ender,but might or m�ght nat pratect Borrower, Borra�ver's equity in�he Property,or the contents of the Property, against any risk,hazard or�iability and rnight provide greater or�esser coverage than was previously in effect.B�rrower ackna�v�edges that the Gost of the insurance co�erage so obtained might s�gnificant�y�xceed the cost of insuran.ce that B�rrower eould ha�e obtained.Any amounts disbursed by Lend�r under this Sect�on S sha11 become additional debt of Bonower secured by this Security Instrument. These amounts sha11 bear�nterest at the Nate rat�from the da�e of disbursem�nt and sha�i be gaya�le,v�i�h such�n�erest,upon notice from Lender to Borrower request�ng payment. All insuran�e policies required by Lender and renewals af such policies shall be subject to Lend�r's right t� disa�prave such�ol��ies,shall�nc�ude a s�a�.da�d m�rtgage claus�,and sha11 name Lender as r�ortgagee andlor a�an additional loss payee. Lender sha11 have the right to hold the pol�cies and renewa�cer�ificates. I�Lende�r re�uires,Borso�ver shall p��amptl�g��e��Lenc�er atI receipts of paid pren��r�s and rene�al notices.If Borrower obtains any form of insurance coverage,not otherwise requir�d by Lender,f�r damage to,o�destruction of,the F�opert�,such polic�shall include a standard mortgage clause and shall name Lender as mortgagee andlar as an additionallass payee. In�he event of loss,�3orrower sha11 give prompt notice to the insurance carrier and L�nder.Lender may make praaf of loss if not made�rompt�y by Borra�ver.Unless Lender and�orrower oth�rwise agree in writing,any insurance proceeds,whether or not the underlying insurance was required by Lender, sha11 be app��ed to r�storation or repau of the Property, if the rest�ration ar repair is econo�nicall�feasible and Lender's security is not lessened. I�ur�ng such repai.r and restoration period,�.ender shat�have the right tQ hold such insurance proceeds until Lender has had an opportunity to inspect�uch Property to ensure the work has been completed to Lender's sa�isfaction,pro�vided that such inspectian sb.all be undertaken prflmpt�y. Lender may disburse proceeds far the repairs and restoratioa in a single payment or in a series of prvgress payrnents as the work is completed.TJnxess an agreement is made in writ�ng or Applicable Law requires interest to be paid on such insurance proceeds,Lender shall nc�t be requir�d to pay Borrower any interest or earnings�n such proceeds. Fe�s for pub��c adjusters,or o�her third parties,retained by Borraw�r sha�l nat be paic�vut of the�nsurance praceeds and shall be the�o�e abligation of Borrawer. If the restoratian or repair is not economica�ly feasible or L�nd�r's se�urit�wou�d be lessened,the insurance proceed�sha11 be applied tQ the sums s�cured by this S�ecurity Ins�rument,�rhether�r no�t�ien due,w�th the excess,if any, paid t�Borro�ver. Such insurance proceeds sha11 be applied in the order provid�d for in Sectioa 2. If�orrovver abandons the Property,Lender may fite,nego��ate and set��e any availab�e insurance claim and re�ated rnatters. If Borrower does not respond within 34 days to a natice from Lender that the insurance carrier has offered to set�le a claim,��en Lender may negot�ate and set�l�the claim. The 3�-day period wi11 begin when the n�tice Ys given.In e�ther even�,or if Lender acquires the 1'roperty under Section 22 or otherwise,Borro�ver hereby assigns to Lender(a)Borrower's rights to any in�uran�e pr�ce�ds�n an amount not to ex�eed the amounts unpaid under the Note or this S�Gurity Instrumea�,and�b}any other�f Borro�er's rights�other than th�right to any refund of unearned premiums paid by Barrower)under a11 insurance pol�cies co�ering the Propert�,insofar as suGh rights are applicable tv�he coverage of the Pr�perty.Leader may use the insurance pr�ceeds e�th�r to repair ar restore the Property or to pay amounts unpa�d under the Nate or this Security In.strum�nt,whether ar not then due. NEBRASKA�ing�e Family-Fanni�MaefF�eddie�4►�ac U4d�FflRN{INSTREfA�fENT WITH MERS Farnn 3428 1i4� VMP� VMPBA�NE}t1342}.44 �IInP�ers Kluwer Finan�iai Services Page 7 of 17 qD3335�9�711 0233 239 4717