201504547 - Laserfiche WebLink

Browse

��15�4547 ser��ices and subsequent charges each time remappings or sirnilar changes occur which reasonab�y might affect such determination or cer�ificat�on, BarroWer shall also be resptinsible for the payment af any fees imposed by the Federal Emergency Managemen�Agency in connecti�n wYth the review af any flo�d zone determinat�on result�ng from an abjection by Borrower, If�orrov�e�'fails to mai�tain any af the cov�rag�s describ�d above,Lender may obtain�nsurance�o�erag�, at Lender's option and Borrawer's expense.Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall caver Lender,bu�might or might no�pr�tect�3arro�rer, Borrower's equi�y in the Property,or the�ontents of the Proper�y,against an�risk,ha�ard or liabi�ity and might prQvi�e greater�r�e�s�r coverage than�vas previously in effec�. Borrower ackn�wledges that the cos� of the irisrxrance�a�erage sa obtair�ed might significantly exceed�he cost of insurance that Borrower eould have ob#.ained. Any arnounts disbursed by Lender uader thi�Section 5 shal�become additioaal�lebt of Borr�wer se�ured by thi�Security�nstrument. These amoun.ts shall bear intere�t at the N�te rate fram the date of disburscment and sha11 b�payable,with�uch interest,upan notxcc from Lender to Borro�ver requesting payrnent. A11 insurance policies requir�d by Lender and renewals of such policies shall be subject to Lender's right to disappro�e su�h policies,�hai1 includ�a standard mortgage c�ause,and shall name L�nder as mortgagee andlor as an additi�nal loss paycc. Lender sha11 ha�c the righ�to hold thc p�licies and renewa�certificat�s. If Lender requires,Borrower shall promptly give to Lender al1 receipts�f paid premiums and renewal natices. If Borrower abtains any form of insurance cflverage,not otherwise required by Lender, far damage to,or destru�tion of,the Property,such policy shall include a standard mortgage clause and�ha11 name Lender as mortgagee andlar as an add�t�onal l�ss payee. In the event of loss,Borrawer shall g�ve prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made pramptly by Borro��er,Unless Lender and Borrower othe�vise agree in �vriting,any insuran�e proceeds,whether or not the underlying insurance was required by Lender, shall be applied to�restoration or repa�r of the Property,if the restoratian or repair is economicaily feasible and L�nder's security is not lessened. During such repair and restaration period,Lender shalt ha�e the right to hold such insurance proceeds unti�Lend�r has had an apportunity to inspect such Pr�perty to ensure the vvork has been cornp�cted to Lend�r's sa.t�sfaction,pra�i�cd tb�at such in�pectian sha11 be undertaken promptly. Lender may disburse proceeds for the repairs and restoratian in a single payment or in a series of pr�gress payments as the work is completed.Uniess an agreernent is made in writ�ng or Appli�able Lat�v requires interest to be paid on such in�uranc�proceeds,Len�l�r shal�nat be required to pay Btirrower any interest or earnings on such proce�ds. Fees for public adjusters,or o�her third parties,retained by Borro�rer shal�not be paid aut pf the�nsurance proceeds and shall�e th�so�e�bli�ation of Borrawer, If the restoration ar r�pair is not�c�namically feasibie or Lender's security would��essened,the insurance proceeds sha�1 be applied to the sums secured by this Security Instrumen�,wheth�r or not then due,wi�h the exce�s, if any, paid tQ B�rrower. Such ins�rance proGeeds shall�e applied in the order provided far in Section 2. If Borrou�er abandons the Property, Lender r�ay fi�e,n�gotiatc and sett�c any a�aila�le insurance c�aim and re�ated matters. If$ana��r daes n�t r��pQnd within 30 day�to a natice from Lender t�a�the insura.nce carrier has affered to settle a claim,t�en Lender may negotiate and sett�e the clairn.�he 34-day period will begin when the notice is gi�en. In either event,or if Lender acquires the property under Section 22 or otherwise,B�rrow�r hereby assigns to Lender�a)Borrawer's rrghts to any insurance proceeds it�an arnount not ta exceed the amounts unpaid under the I�ate or this Secuxity Instrument,and(b}an�ather af Borrower's rights(other than the right to any refund of unearn�d prerniums paid b�Borro��r)under ail insurance policies co�erin�the Property, insofar as such rights are applicable��the coverage of the Propert}�.Len�ter may use t�e insurance proceeds eY�her to repair or res�ore the Praperty ar ta pay amounts unpaid under the Note or this Security Instrumen�,��vhether or not then due. NEBRASKA�ing�e Family-Fannke MaelFreddie Mac IJNIF�RM INSTRUMENT WlTH MEFiS Form 3028 11D1 VMP D VMPBA(N�]�93�2}.�0 Wolters FCl�wer Fin�n�ial 5ervices Page 7 of�7 �a33�1�as��1 oz33 3zl o�l�