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<br /> 5. Property Insurance, Borrower sha�l l�eep �he improven�ents n�w existing Qr hereafter erec�ed on the
<br /> Prnperty insured against loss by fire, hazards zncluded wx���n the�erm"extended co�erage," and any o�her hazards
<br /> in�luding, bu�not lim��ed�o, earthqua�ces and floods, far which Lendex requires insurance, This insuran�e shall be
<br /> maintained �n the a�l�aun�s (including deduc�ible levels� and for �he pe�rxods that Le�der requ�res. Wha� Lender
<br /> requires pursuan�to the preceding sen�ences can change during�he term of�he Loan, The insurance carr�er providing
<br /> ��ie ins��rance sha1�be chosen by Borx�wer su�j ect to Lender's right to disapprove Borrovvex's Ghoice,v�hich right shall
<br /> no�be exercised unrea�onably. Lender�nay require Borrov�rer to pay,in connection vt��th�his Loan, �ither: (a:}a ane�
<br /> time charge for flood zone determina�ion, cer�i�ca�tian and�racic�ng services;ar�b}a one-time charge far fload zone �
<br /> de�erxninatian and certi�cat�or��er�ices and subsequeni.char�es each time remapp�ngs or��milar changes occur�vhich
<br /> reasonab�y might aFfect such det�rmination or cer�i�caf:ion. Borrower sha11 alsa be responsib�e far�he payment of
<br />� any fe�s iinposed by the Federa�Emergency Management Agen�y in conne�tian with the xe�iew of any flood zone
<br /> de�erminatian resu�ting frozn an obj ectian by Bor�awer. �
<br /> Ii'BorrovWer fails�a maintain any of the coverages described abave, Lender may obtain insurance�overage, ati
<br /> Lender's option and Barrawer's expense. Lender xs under na obligation �o purchase any particu�ar type or amoun�
<br /> �f co�erage, Ther efore, such coverage shall cove��Lender, bu�migh��r might nat protec�Borxower, Borrowex's
<br /> equity in�he Proper�y, or the c�ntents of�he Prope�ty, against any ris1�, hazard ar liabili�y and m�ght provide greater ;
<br /> or�esser covera.ge�han was pre��ously in effec�. Borrawer ac�cnow�edges�hat�he cos�af�he insu�rance cov�rag�so ;
<br /> obtained might significantly exceed the cas�of insurance�hat Borrovver could have ob�axned. Any amoun�s disbursed , ;
<br /> by Lender under this Sectian 5 shall became addrtional deb�of Borxower secured by�his Security�nstrumen�, These
<br /> amounts shall bear in�eres�at t�e No�e ra�e frnm�he da�e of dishursernent and shall be payab�e, with suc�a in�eres�,
<br /> upon notxce franl Lender�o Borrawer reque��ing paymeni:.
<br /> A�1 insuran�e p�Zxcies required by Lender and renewals ❑f such policze� shall b�subject ta Lender's right�o
<br /> disappra�e such poixcies, shall include a standard mo�rtgage�lause, and shaZ1 name Lender as mor�gagee andlor as an
<br /> additional �flss payee. Lender sha11 ha�e t�e right to hald��e po�icies and rer�ewal certificates. If Lender requires, :
<br /> Borrov�rer sha11 prornp��y give to Lender a��receip�s of pa�d premiums and rene�wal notices. rf Borrower obtains any
<br /> Forir�of insuranGe covexage, not otherwise required by Lender, far damage�o, or des�ruction of, the Property, such
<br /> p�licy sha�� ir�clude a s�andard rnortgage c�aus� and sha�1 name L,ender as mortgagee andlor as an addi�ional lass
<br /> payee.
<br /> , �n the even�aF�ass, Borrower shall give prompti no��ce to the insuranGe carrier and Lender. Lender may make
<br /> proof of loss if no� made prom�tly by Borr�wer, Un��ss Lender and Borrower otherw�se agree in v�ri�ing, any
<br /> insurance prQceeds, v�he�h�r or not�he undex�ying insu�ance v�as requxred by Lender, shal�be applied tn res�oration
<br /> or repair af�he Property, if�he restoration ar repair is economi�ally feasible and Lender's security xs nat lessened,
<br /> During s�uch repair and res�o�ra�ifln period, Lender shall have�he right to hold s�.�ch insuran�e proceeds until Lender
<br /> has had an appor�unity �o inspect such Propexty ta ensure�he wnrlc has been comp�eted to Lender's sa�isfaction,
<br /> pra�ided that sueh inspectian sha11 be undcrtal�en promp���. Lender may disburse proceeds for �he repairs and
<br /> restoratxon in a single payment or�n a series af pro�ress payments as�he wor1�is can�ple�ed. Unless an agreement
<br /> is m.ade in writing or Applicabl� Law r�quires in�eres��o be paid on such�nsurance proceeds, Lender sha�I nat be
<br /> requix�d�o pay Borrawer any interes�or earnings on such proc�eds. Fees for publ�c ad�usters, or athe�third parties, �
<br /> re�a�ned by Borrower sha11 no�be paid ou�of�he insurance proceeds and sha��be�he soxe abligatzon �f Borrower,
<br /> If���e res�ora�ian or repair�s no�econo�nically feasible or Lender's security wou�d be lessened,the insurance proceeds ;
<br /> sha11 be appl�ed to the su�x�s secured�y�hxs Secu�ity Instrume�t,whether or no��hen due,wi�h the excess,if any,pa�d
<br /> to Boxrawer, Such insurance proceeds shall be applied in��.e order pxo�ided for in See�ion�. �
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<br /> If BQrrov�er abandons �he Propert�, Lender may��e, nega��ate and set�le any availa��e insurance cla�za�and �
<br /> relate�inatters. IF Borrower does n��respond v�r�thin 3 D days tio a no�ice firom Lender�ha���.e insurance carrier has ;
<br /> offered�o sett�e a clain�, .�hen Lender may negotia.�e and settle the claim, The 3D-day�eriod wil�begin vvhen�he �
<br /> na�i�e is gi�en, �n ei�her even�, or if Lender acqui�es fhe Praper�y under Sectx�n 21 or otherwise, Barrower hereby
<br /> assigns�o Lender �a�Borz ov�er's righ�s �a any insuran�e praceeds in an amount no��a exceed�he amoun�s unpaid
<br /> u�ader�he Note or�his Security�ns�ru�nen�, an�.�b�any other of Borrovver's rights�o�her�han�he�r�ght ta any refunc�
<br /> al unearned prerniums pa�d by Borrowex�under aIl znsurance po��cxes covering�he Proper�y, insofax as such righ�s
<br /> NEBRASKA�Single Family�L1NIFORM INSTRUlVIENT ��cN�a�lc�
<br /> M��(FIED F�R ❑EPARTMENT aF VETERANS AFFAIRS � MERS www_d�cm�gic,cvm ;
<br /> �Rev. �1��} Page 6 of �4
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<br /> ` BANK D��a47D94
<br /> � �'�FM�EED �4�0�26623
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