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201500351
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Last modified
7/20/2017 10:36:24 PM
Creation date
1/16/2015 10:12:16 AM
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DEEDS
Inst Number
201500351
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��15��351 <br /> serv�ces and subsequent c�arges each time remappings or similar changes occur which reasonably might <br /> affect suGh determ�.natioa or certificati�n. Barrower sha11 also be responsible for the payment of any fees <br /> imposed b}�the Federal Emergency Management Agenc�in connection with the review of any fl�od zone <br /> determination resulting from an�bj ection b�Borrower. <br /> If Borrower fails to maintain any af the coverages descr�ibed aba�e,Lender may obtain xnsurance coverage, <br /> at Lender's option and BQrrower's expen.se.Lender is under ao obligation to purchase any particular type or <br /> amount of coverage.Therefore, such coverage shall cover Lender,but might or might nat protect Borrower, <br /> Barrower's�quity in the Property,or the c�ntents�f the Property,against any risk,hazard or liability and <br /> might prov�de greater or 1es�er cov�rage than was previ�usly in effect.Borrower aeknowledge�that the cast <br /> of the in�urance coverage�o ob�ained might significantly exceed the cost of insurance that Borrower could <br /> have obtained.Any amounts disbursed by Lender under this Sect�on S shal�become ad�.itional d�bt of <br /> Borrower secured by this�ecurity Instrument. Thes�amounts shall bear interest at the No�e rate from the <br /> date�f disbursement and sha11 be payable,with such interest�upon notice from Lender to Barrower <br /> requestin�payment. <br /> A�l i.nsurance policies requir�d by Lender and renewals of such palicies sha11 be subject to Lender's r�ght to <br /> disapprove su��i po�ic�es, sha���nclude a standard mortgage clsuse,and sha11 name�.ender as mart�agee <br /> andlor as an additionalloss payee. Lender sha11 haVe the right to hold the pa��cies and renewal certificates. <br /> If Lender require�,Bonawer shall promptly give to Lender all receipt�of paid premiums and renewal <br /> notices.If B�now�r obtains any farm of insu.rance co�erage,not other�vise required by Lende�, for damage <br /> to,or destruction of,�he Proper�y,such pol�cy sha�1 include�standard mortgage clause and sha11 name <br /> Lender as mortgagee andlor as an additional loss payee. <br /> In the event of Ioss,Borrower sha11 give prompt notice to the insurance carrier and Lender. Lender ma� <br /> make proof of loss if nat made promptly by Barrower.Unless Lender and Borrovver otherwise agree�n <br /> writin�,any insurance proceeds,wheth�r ar not the under�ying insurance was required by Lender,sha11 be <br /> applied to restaration or repair of the Property,if the restora�ion or repair rs ecanamically feasible an�1 <br /> Lender's secur�ty is not lessened. Dur�ng such repair and restoration period,Lender sha11 have the right to <br /> hold such insurance prace�ds unti�Lende�has�.ad an opp�rtunity to ins��ct such propert�to ensure the <br /> work has been completed to Lender's satisfaction,pravided that such Ynspection�hall be underta.ken <br /> promptly.Lender may disburse praceeds for the repairs and restaration in a single payment or in a series of <br /> pragress payments as the work is completed.Unless an agreement is made in writing ar Applicable Law <br /> re�uires interest to be paid on such insurance proceeds,Lender sha11 not be required to pay Borrower any <br /> interest or earnings�n such praceeds.Fees for pubiic adjusters,or other third parties,retained by Borrower <br /> sha�I not be paid out af the insuranc�praceeds and shall�e the s�1e obligation of Borrower.�f the restoration <br /> or repair is not economica�ly f�asibte or Lender's security�vou�d be lessened,the�nsurance proceeds sha�1 be <br /> applied ta the sums s�cured by th�s Security Instrument,whether or not then due,with th�ex�ess,if any, <br /> paid to B�rrower. Such insurance proceeds shall be applied in the order pravided for�n Sectian 2, <br /> �f Borr��ver abandons the Properry,Lender may fi1e,negotiate and settle any a�ailab�e iasurance claim and <br /> re�at�d r�a�ters. ��Borrow�r daes not respond with�n 3D d�y�s to a nvtice frc�m Lender that the in.surance <br /> ca.�rier has offered to settle a c1�im,then Lender may negotiate and s�ttle the claim.The 3�-day period will <br /> begin�vh�n the notice is given. In eith�r event,or if Lend�r acquires the Property under Section 2�or <br /> otherwise,Borrow'er hereby assigns ta Lender(a}Borrower's rights to any insurance proceeds in an amount <br /> n�t to exceed the amounts unpaid under th�Note or this Security Instrument,and(b)any othe�r af <br /> Barrower's rights(other than th�right to any refund of unearned premiums paid by Borrower)under a11 <br /> insuranc�po��c�es cover�ng th��'roperty, insofar as such rYghts are app��cab�e to��.�co�e�age�f the <br /> Property. Lender may use the insurance proceeds either�o repair or restore the Property or to pay amaunts <br /> u.npaid under the N�te or this Security Instrument,whether or not then due. <br /> NEBRASKA-Single Family-Fannie MaelFreddle Mac LINIFORM iNSTRUMEMT YV1TH MERS Form 34�8 1f41 <br /> Wolters K1u�er Financial Sen��ces VMPBAtN P}�(1���� <br /> q�3334�76221 �233 343 �717 <br /> / <br />
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