|
��15��143
<br /> nat be exercis�d unreasonably. Lender rnay require Borrower�o pay,in connectinn with this Loan, ei�her: {a}a ane-
<br /> time char�e far f�ood 2one determi.nation, certif cation and traGking services;ar(b�a Qne�time Gharge for fl�d znne
<br /> determ.i.nat�on and certification services and subsequent charges each ti.me remappings or similar changes o�cur whi�h
<br /> reasonably might aff'ect such determinativn or cer�i�catian. Barrower shall alsa be respansible for the payment of
<br /> any fees unp�sed by the Federal Emergency Man�agem�nt Agency in connection with the re�iew of any flaad zane
<br /> determinatian resril.ting from an obj ectian by Ban�wer.
<br /> If Bonower fails tv maintain aby of the ca��er�ges described abave, Lender may c��tain insuran��caverage,at
<br /> Lender's option ar�d Bnrrower's expense. Lender is under no obligation ta purchase any particular type nr amount
<br /> of coverage. Therefore, such co�erage shail cover Lender, but might ar might not prot�ct Bonawer, Borrower's
<br /> equity in the Pro�rty, ar�he cantents af the Property,against a.ny risk, hazard or liahility and might pra�ide greater
<br /> or�es�er co�erage th.an was previously in effeet. Bvrrower acknowledges that the��st of the insurance caverage sa
<br /> obtai.ned might signifieantly exceed�b.e cost af insurance th.at Borrower�vuld have��tained. Any amaunts disbursed
<br /> by L�nder under th�is Sectian 5 shall becorne additional debt af Borr�wer secured by this Se�urity Instrument. These
<br /> amounts shall bear interest at the Nate rate from t�ie d�te af disbursement and shall be payable, witb.such interest,
<br /> upan notice from Lender to Borrawer request�ng payment.
<br /> A�1 insurance policies required by Lender and renewals of such palicies sha1�be sub j ect to Lender's right�a
<br /> disappro�e such galicies, shall inelude a standard martgage clause,and shall name Lender as mortgagee and.l�r as an
<br /> additional loss payee. Lender shall h.a�e the righ#to huld the policies and renewal certificates. �f Lender requires,
<br /> F3orrower shall prarnptly gi�e ta Lender all re�eipts of paid premiums and renewal natic�s. If Borrower ohtains any
<br /> farm of insura.nee co�erage, not ot�.erwise required by Lender, for damage to, ar destruction af, the Prnperty, su�h
<br /> policy sha�l include a standard mvrtgage c�ause and shall name Lend�r as mortgag�e andl or as an additianal loss
<br /> payee.
<br /> In�h�e�ent af loss,Borrawer shall gi�e prompt notiCe ta the i_nsurance carrier and Lender. Lend�r may make
<br /> groaf vf l�ss if no�made pramptly by Bonower. Unless Lender a.nd Borrawer otherwise agree in wr�ting, any
<br /> iac�surance proce�d�,whether vr not the under�ying insurance was rer�uired by Lender, shall be app�ied tv re5toration
<br /> ar repair of the Property, if the restaratian or re�air is economical�y feasible and Lender's security�s nat lessened.
<br /> During such repair and restoration period, Lender shall have the right ta hold such insura.nce proceeds until Lender
<br /> has had an opportunity to in.spect such Praperty to ensure the work has been completed tv Lender's satisfaction,
<br /> prov�ded t�at �uch inspection sha�l be underta�ken promp�ly. Lender rnay d.isburs� praceeds far the repairs and
<br /> restoration in a single payment ur in a serie�af progress payments as the work is completed. Unless an agreement
<br /> is made in writing ar,A�piicable Law requ.�res interest to be paid on such in�urance proceed�, Leader shall not be
<br /> required to pay Borrawer any interest or�arnings on such prviceed�. Fe�s f�r public adjuster�,or otb.er th.ird parties,
<br /> retained by Bonawer shall nat be paid out af the ix�urance proceeds a.nd sha11 be the sole o�ligation of Bonower.
<br /> If the restoration or r�p�ir is not e�on�mically feasible or Lender's security would be lessened,�he insurance proceeds
<br /> shall be applied to the sums secured by t�us S�curity Instrumen#,whether or not then du�,wi�h the excess,�f any,paid
<br /> to Borrower. Su�h insurance prnceeds shal�l�applied in the vrder pr�vided for in Sectian 2.
<br /> �f Borrower abandans the Pragerty, Lender rnay file, negotiate and settle an.y available insurance claim and
<br /> related matters. Yf�ortower does not�respond withia 3�d.ays to a not�ce from Leader that the insurance carrier has
<br /> offered to seitle a Gl�im, th�n Le�der may negatiate and settle the clai.m. The 34-day period wi11 begin when the
<br /> notic�is given. in either ev�nt, or if Lender acquir�s the�raperty under Sectinn�2 or otherwise, I�orrower hereby
<br /> assi�ns ta Lender�a}Barrower's rights to any insurance proceeds in an amount nat to exceed the amaunts unpaid
<br /> under the Note or this 5ecurity Instrument, and(b�any ather af Barr�wer's rights�other than the right ta any refund
<br /> of unearned premiurns paid by Borrower�under all insurance policies ca�ering the Property, insofar as such rights
<br /> are applicable t�the ca��rage of�he Praperty. Leader rnay us�xhe insurance proc�eds either to repair ar�r�store the
<br /> Prvperty or to pay amc�unt�unpaid under the Not�or this Security In.striwment, whether or not then due.
<br /> f. �cupancy. Borrower s�hall occupy, establish, and use the Property as Baxrower's princ�paZ residence
<br /> withi�a�days af�er th�executioa of this Security Insta�umen�and shall c�ntinue ta occupy the Property as Borrawer's
<br /> prin�ipal residence fa�r at least�ne year after the date of occugancy�unl�ss Lender utherwise agrees in writing,which
<br /> N EBRASK�-Si ngle Fami ly—Fannie Ma�lFr�eddie Mac UN I F�]RM I N STRU MENT- MERS D,�.�s��
<br /> Form 30�8 11fl1 Page fi vf 15 www.dncmagic,com
<br /> �
<br /> � .
<br />
|