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x• ��15��744
<br /> 5. Praperty Insurance. Borrower shall keep the improvements nnw e�sting ar hereaf�er erected on the
<br /> Prop�ex-t�insured aga.�nst loss by fire, hazard.s included w��h.in.�he term"e�.tended coverage," and an.y ath.er hazards
<br /> �ncluclirig, but no�1�.m�ted to, earth.quakes and floods, for v�hich Lender requ�res u.lsurance. This �nsurance shali be
<br /> mainta�ned �n the axna�unts (�nclud�g d�du�tib�.e �.evels) and for the periods that Lender requires. �L1hat Lender -
<br /> requires pursuant to the preced�ng sentences can chan.ge dwring the term of the Loan_ T`he i�surance carrier providing
<br /> the insurance sha11�e chosen by Barrower subj ect ta Lender's ri.ght to disapprove Borrower's cho�ce,which���ght sha1�
<br /> not be exercised wr�-easanab�y. Lender may require Bflrrower ta pay, Yn connect�an w�ith thi_s Loa��., eith�r: �a�a ane-
<br /> time chaxge for fl.ond z�ne determination, cernficat�on and trackzn.g services;or�b)a one-time charge for flood.�ane
<br /> determin.ati�n and certification services and subsequent charges each t�me remapp�ngs or si.milar changes vEcur which
<br /> reasvnab�.y m�ght affe�t such determination or certificat�on. Borrower shall also be resp�n��b1e for the payment�f
<br /> any fees�.mpvsed by the Federal Emergency Management Agency a�.cor�xa.ection vv�th the rev�ew of an.y-flood 2one
<br /> determination result�ng from an objection by Borrower.
<br /> If Borrov�er fa,�ls to maintau�any of the coverages described above, Lender ma�obta�n insurance cov�rage, at
<br /> LenderT s opt�on and Borrower's e�pen.se. Lender is under no vbligation to purchase any particular type or axnount
<br /> of coverag;e_ Ther efore, such covera.ge shall cover Lender, but m�.ght or might not pratect Barrou�er, Borr�v�erT s �
<br /> equity in the Property, or the�ontents of the Proper�y, a.gainst any r�.sk, hazard�r liab�lity and might provide greater
<br /> or lesser coverage than�as prev�ous�y in effect. Borrow�r acknowXedges that the cost of the insurance coverage so
<br /> obta.i.ned�..�.ght s�gn.�.fi�antly exc�ed the cast of insurance that Borrower cou�d have ohtain�d. Any amounts disbu�sed
<br /> by I�ender�.der thi�Section 5 shal��become additional debt vf Borrvwer secured by thi.s S�ur�t�Instrument. These
<br /> arr�aunts�sha��bear in�erest at the Note rate from the date of disbursement and shall be paya�bie, with such�.nterest,
<br /> upan n�t�c�from Lender�o Borrov�r�er requesting payment. �
<br /> A�� �n.surance pa�icres required by Lender and renewals �f such poli�c�es shal.I.be subject to Lender's raight to
<br /> disapprove such p�licies, shall�.n�lude a standard martgage clause, and shall name Lender as mortgagee an.dlor as ar�.
<br /> add�ti�r�aX xass payee. Lender shall have the r�ght to ha�d the pa1�G�es and renewa��ertx.ficates. If Lender requires,
<br /> Borrower shal�promptly g�ve to Lender all rece�pts of pa�d premiums and renewal not�ces. If Bvrrower vbta.ins any
<br /> form of insura:��e coverage,nat otherwise required by Lender, f�r damage t�, or destruction of, the Prop�x�y, such
<br /> palicy sha�� itic�ude,a standard mortga�e c�ause and sha�I� naa�ae Lender as mortgagee an.dlor as an add.it�onax �oss
<br /> Pa�'��- �
<br /> In the event of Ioss, Borrower shall give prompt notice ta the ulsuranc�carrier and Lender. Lender may make
<br /> proof of�oss if not made prampt�y by Borrower. Unless Lender and Barrower otherwxse agree i�wr�iti�a.g, any
<br /> insurance proceeds,�hether or not the un.d�r�yin.g insurance was required.by Lender, shall be applied to restaration
<br /> or repair af the Proper�y, �f the restoration or repa�r x�econom�cally feasible and Lender's security is not Iessened. .
<br /> I]uring such rep�.ir a�d restaration period, Lender sha�.X have t.h.e right to hold such i.nsura;nce proceeds unt�I Lender
<br /> has had an oppor�u�cuty ta i-�sp�ct such Property to ensure the work has been compl.eted to Lender's sat�sfact�on.,
<br /> prav�ded that such inspect�on shall be undertal�en promptly. Lender may di_sburse prviceeds for the repa�rs and
<br /> restorat�vn in a s�gle payment or i�xa.a seri.�s of pr�gress payments as the work is compXeted. Unless an agreement
<br /> is made in wrxting ar ApplicaU�e Lav�requires xnterest tv be�aid on such�nsurax�ce proceeds, Lender shall not be
<br /> required to pay Barr�wer any�nterest or earniu.gs on such praceeds. Fees for public adjusters, or�ther third parties,
<br /> retaxned by Borrower shal�not l�e paid out of the insurance proceeds and shall be the sole obligation of Barrower.
<br /> If the restorat�on or repair is not ec�nomi�ally feasib�e ar Lende�t s secur�ty woul.d�e lessened,the insurance proceeds
<br /> shali be appiied to the sums secured by th%s Secur�.ty Instrument,whether or n�t then du�,wxth th�excess,rf any,paid
<br /> to B�rrower. Such insurance proceeds sha�I be app�ied ua.the order prv�ded for in Sect�on�.
<br /> If Borrovver abandons the Praperty, Lender may fi�e, n�gotiate and se�tl.e ax�.y available insuran�e clavm and
<br /> re�ated matters. If Borrawer does not responc�w�thi.n 3� days to a notice from Lender that the insurance carr�er has
<br /> offered to sett�e a claim, then Lender may negotiate and sett��the�lai_m. The 3 0-day period w�ill.beg�n when the
<br /> not�ce�s g�.ven. In eYther event, or if Lender acqu�res the Property under 5ect�on 2I ar otherwi_se, Borra�wer hereb�
<br /> assigns to Lender[a� Borrawer's rights ta any ua.surance prviceeds�n an amount not to exceed the a.mounts unpai.d
<br /> under the Note or th�s Securxty Instrument, and�h}an.y other of Borrower's r�ghts�other than the r�ght ta an�refun.d
<br /> of unearned prem�ums paaid by Borrower�under aII�xxsurax�ce palxcies covering the Property, itasofar as such rights
<br /> NEBRASKA Sing�e Farni[y-UNIF�RM INSTRUMENT ��a��
<br /> MQD�FIED F�R DEPARTNiENT aF VEfERANS AFFAIRS - MERS � vvww.dor�agic.cvrrr
<br /> �Rev. 1I�'�} Pag�6 of '�4
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