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201501762
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Last modified
7/21/2017 1:39:05 AM
Creation date
3/25/2015 9:09:36 AM
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DEEDS
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201501762
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��15�17�� <br /> s�rvi�es and su�asequent charges each time remapp�ngs or s�milar changes oc�ur�rhich reasanably m�ght <br /> affect such de�erminati�n or�er�if cation. Borro�nrer sha�l a�so be responsi�le for�he payment nf an.y fees <br /> imposed by the Fe�eral Ernergency Management Agency in conne�tiori with�he review af any flo�d�one <br /> determina��ori resu�ting from an ob�ection by Bflrr�wer. <br /> �f B�rro�nrer fa.�ls�o maintaYn aTny of the ca�erages descr�bed above, Lender may obtain insurance�overage, <br />� a�Lender's option and Borrower's expense. Lender is und�r no abli�atian��purchase any par�icular type or <br /> amaunt�f co�erage. Therefore, such cQ�rerage sha11 c�v�r Lender, hut might ar might nat pro�ect I3�rrav�er, <br />� Borrov�rer's equi�y in the Property, ar�he c�ntents of the Pr�perty, against any risk, hazard or �iabi��ty and <br /> might pra�ide greater or lesser caverage than was pre�ious�y in effect. Borrav►�er acknowiedges tha�the cost <br /> nf the insuran�e coverage sn ob�ained might signif can�ly exceeci�h�cos�af�nsu.rance that Borrower cou�d <br /> have abtained. Any amounts d��bursed by Lender u.nder�his Sectian 5 shali bec�me addi��onal debt of <br /> Borrov�er se�t�red by this Security�ns�rurnent. These amounts sha11 bear int�rest at the Note ra�e from the <br /> date af disbursement and sha�I be payable, w�th such interes�, upt�n no��ce from Lender ta Barrower <br /> requ�Sting payment. <br /> AI� �nsurance po�i��es required by Lender and renewals of such policies sha11 be subje�t ta Lender's right to <br /> d�sapprov�such pa���ies, sha11 include a s�andard mort�age clause, and s�a11 name Lerider as mortgag�e <br /> andlar as an addi�ional�oss�aye�. Lender sha��ha�e the right to hold the palicies and renewal cer�if�cates. <br /> �f Lender requ�res, Borrow�r sha11 pramp�ly give to L�nder all receipts af paid pr�miums and renewai <br /> n�tices. If Borro�ver obtains any form af�nsurance coverage, not otherw�se requ�red by Lender, for dama�e <br /> �o, or destruct�an t�f, the Pr�perty, such po�icy shall �n��ude a sta�dard martgage clause and shail name <br /> L�nd�r as rnortgag�e andlor as an add�t�onal loss paye�. <br /> In the event flf Ioss, Borrawer shal�give prompt notice tQ the�nsurance carr�er and Lender. Lender may <br /> make proof of lass if not mad�prampt�y by Borrawer. Unless Lender and Borrav�rer otherwise agree�n <br /> writ�n�, a�xy insurance praceeds, whether or not the underly�n�;insurance was required by Lender, sha��be <br /> applied to restoration or repair af�he Prop�rty, if the restoration or repair xs ecanomica�ly feasibl�and <br /> Lender's security is nfl���ssened. Dur�ng su�h repair and restaration periad, Lender shall have the righ��o <br /> hold such insurance proce�ds un�il L�ndex�.as had an opportunity to inspect such Prop�rty ta er��ure�he <br /> �vorl�ha�been c�mple�ed t�Lender's sa��sfaction, pr�vid�d that such�nspecti�n sha�l be undertaken <br /> pramptly. L�nder may disburse proceeds far the repairs a�d res�oration in a s�ngle payment or in a series of <br /> progress payments a�the work is�ompieted. Un�ess an agreement�s made in v►�r�ting or Appl�cab�e Lav�r <br /> r�qu�res �nterest to�e paid on�uch inswrance proceeds, Lender shai�n�t be requ�red to pay�3orrower any <br />� inter�st or earn�ngs vn such pr�ceeds. F�es f�r pubiic adjusters, or other third parties, reta�ned by�orrQ�nrer <br /> sha�l not be pa�d Qu�af�he insuranc�praceeds a.�d shall be�he so�e abligation of Borrower. �f the restora�itin <br /> or repair is not ecanornically feasible or Lender's security wouid be lessened, the insurance proceeds sha11 be <br /> app�ied to�he sums�ecured by�h�s Security Ins�rument, whether �r na�then due, with�he excess, if any, <br /> pa�d ta Borrt�wer. 5u�h insurance pr�ce�ds sha�l b�applied in the arder prov�ded f�r in Sectia�2. <br /> If Borrower a�varidons�he Property, Lender may fi1e, n�gotiate and settle any a�ailable insurance cla�m ar�d <br /> relat�d ma�ters. �f�3orr�wer does not respand with�n 3� days�a a nQt�ce from Lender that trie insurance <br /> carri�r has affered to settle a c�a.�m, then Lender may negotiate and settle the c�a.�m. The 3��day perifld vvi�� <br /> begin when�he noti�e is g��en. In either e�r�nt, or �f L�nder acquires th�Prvperty under Section 22 or <br /> atherwis�, Borrawer hereby ass�gns to Lender�a)Barrov►�er's rights ta any insurance proceeds in an amou�t <br /> not�o exceed the amounts unpaid under the Nat�or�his Secur�ty Instrumen�, and��}any other of <br /> Barrower's righ�s �ath�r than the r�ght to any refund of u.nearned pr�miums pa�d by Borrav�rer�under all <br /> inswrance pali�ies cov�r�rig the Property, insofar as such righ�s are applicab�e ta th�coverage❑f the <br /> Property, Lender n�ay use the insurance proceeds e�ther to repair ar restare�he I'raper�y ar ta pay amaunts <br /> unpaid under the Note nr�his Security Ims�rurnen�, wheth�r or nnt then due. <br /> 88�1585495 880158549� <br /> NEBRASKA-Singie FamE#y-Fannie M ael�reddie M ac UNiFQRM INSTRUM ENT WITH M ER5 .�f Farm 3��8 1!0� <br /> VM P p VM P6A(NE}�13Q2} <br /> Woifers Kluw er Financia!Services Page 7 af 1 T <br />
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