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201500951
<br /> DOC ID #: ********413801015
<br /> Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting
<br /> service used by Lender in connection with this Loan.
<br /> 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured against loss by fire, hazards included within the term "extended coverage," and any other
<br /> hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This
<br /> insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender
<br /> requires.What Lender requires pursuant to the preceding sentences can change during the term of the Loan.
<br /> The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to
<br /> disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require
<br /> Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination,
<br /> certification and tracking services; or (b) a one-time charge for flood zone determination and certification
<br /> services and subsequent charges each time remappings or similar changes occur which reasonably might
<br /> affect such determination or certification. Borrower shall also be responsible for the payment of any fees
<br /> imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
<br /> determination resulting from an objection by Borrower.
<br /> If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage,
<br /> at Lender's option and Borrower's expense.Lender is under no obligation to purchase any particular type or
<br /> amount of coverage.Therefore,such coverage shall cover Lender,but might or might not protect Borrower,
<br /> Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and
<br /> might provide greater or lesser coverage than was previously in effect. Bonower acknowledges that the
<br /> cost of the insurance coverage so obtained might significandy exceed the cost of insurance that Bonower
<br /> could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt
<br /> of Borrower secured by this Security Instrument. These amounts shall bear interest at the 1Vote rate from
<br /> the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower
<br /> requesting payment.
<br /> All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br /> disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee
<br /> and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates.
<br /> If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal
<br /> notices.If Borrower obtains any form of insurance coverage,not otherwise required by Lender,for damage
<br /> to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name
<br /> Lender as mortgagee and/or as an additional loss payee.
<br /> In the event of loss, Bonower shall give prompt notice to the insurance carrier and Lender. Lender may
<br /> make proof of loss if not made prompdy by Borrower. Unless Lender and Borrower otherwise agree in
<br /> writing, any insurance proceeds,whether or not the underlying insurance was required by Lender, shall be
<br /> applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
<br /> Lender's security is not lessened. During such repair and restoration period, Lender shall have ihe right to
<br /> hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the
<br /> work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken
<br /> prompdy. Lender may disburse proceeds fot the repairs and restoration in a single payment or in a series of
<br /> progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law
<br /> requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any
<br /> interest or earnings on such proceeds. Fees for public adjusters, or other third parties,retained by Borrower
<br /> shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the
<br /> restoration or repair is not economically feasible or Lender's security would be lessened, the insurance
<br /> proceeds shall be applied to the sums secured by this Security Instrument,whether or not then due,with the
<br /> excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in
<br /> Section 2.
<br /> If Borrower abandons the Properly, Lender may file,negotiate and settle any available insurance claim and
<br /> related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance
<br /> carrier has offered to setfle a claim,then Lender may negotiate and setfle the claim.The 30-day period will
<br /> begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or
<br /> otherwise,Borrower hereby assigns to Lender(a) Borrower's rights to any insurance proceeds in an amount
<br /> not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of
<br /> Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all
<br /> insurance policies covering the Property, insofar as such rights are applicable to the coverage of the
<br /> Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts
<br /> unpaid under the Note or this Security Instrument,whether or not then due.
<br /> NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br /> Deed of Trust-NE
<br /> 2006--NE(08/13) Page 5 of 12
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