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201508691
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Last modified
7/21/2017 2:27:25 PM
Creation date
12/23/2015 1:45:42 PM
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DEEDS
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201508691
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2� 15�8�91 <br /> �er�ices ai�d subse�uei��charg�� ea�h tit��e remappii�gs o�•similai-���at��es occu�-wl�i��� t•eason�.l�ly mi�ht <br /> affect such d��ermination �r cer�if ca�io�1. Bor�-��rer shal� alsa be i-esponsible far t��e payi�z�n�of a��y �Fee� <br /> imposed �y�he Federal E�7�erge��cy Mat�agement Agency i�� cotl��ec�iai� with t��e r��iew af ai�y �flo�d zone <br /> deteril�ina�iot� t-esulting fr�r�� an ❑lije��ion �y Bo���-�w�t-. <br /> If Barrower fails t❑ mai�7�ain a��y of the ca�erag�s desc�-ibed al��v�, Le��d�r may obtain insurai�cc coWerage, <br /> a�L�nder's option at�d Bat•rowet�'s expense. Le��det• rs u�lder no�t�li�atiat�f� �ut�chase any particuIar�y�ae o�• <br /> amou��t vf c��erag�. T��ereffl�-e, su��� c��erage shall cnver•Lender, bL�t might or might t�ot pr��ect Bar��owei-, <br /> Bo�•rower's e�uity in t��e Pr��er�y, o�-the contei�t�of the Pr�perty, agaii�s�aY�y �-is��, hazard ❑�-liability at�d <br /> might pr��vide grea�er or l�sser co�erag�t��ar� was pre�iously in effect. Bor�•owe�• acknovvledges that the�os� <br /> of t��e i��surat�ce�overage so ohtained ���igl�t significa����y �xceed t��e c�st❑f�t�surai�ce tl�at B�r�-�Wvet• coLild <br /> ha�e❑Utained. Any amou��ts disbursed by Lender• unde�-this Scction 5 shall became additional debt af <br /> B�r�•ower secured by�I�is Securi�y Ins�r�����ent. These at��aunts s��al� bear ii�terest at the Note rate fi-a������e <br /> dat�of disbursement and shall be payable, with su�h i��ter�st, �ipon notice froi�z Le��der�a Bori-owei- <br /> re�ues�ing payme���. <br /> A�l ii�s�ira��ce palicies re��iit�ed by Lend�r at�d re��ewals af such policies sl�all be subject�❑Let�de�-'s rig���to <br /> disappr�ve such palicies, shal� it�clude a standard lnortg�.ge cia�ise, a�zd shall i�ame Let�der• as rnor�gagee <br /> andl��•as�n addi�ional loss payee. Lei-�d�r shall ha�e t��e�•ig��t to hold the pol icies a��d �-e��ewal cer�ificates. <br /> If Lendet•�•equires, �3at•rowex•shall �ram�tly give t�Lendei-alI i•ecerp�s of paid p�•ei�7itr���s at�d reiiew�.l <br /> nati�es. If�Borrawer vbtains any fnt�in of insu�-ance cnverage, i�o�ot�lerwise re���ired vy Lende��, fox�dat��age <br /> �o, a�-de�ti•u�tion �f, the Prnpe�•�y, s�ich po�icy shall include �staildai-d i��a���gage clause a��d s�iall nai��e <br /> Lende�-as martgagee andlor as a�� additit�t�al loss payee. <br /> In the event❑f loss, �3orrawe�, sl�all gi�e p�-�i���t t���ice���he ii�s�irance cai•i-iei• and Lei�det-. Lendei- i��ay <br /> �nal�e �r�of of lass if not�nade proi��ptly by Bo�-t•owe�-. Ut�less Let�dei• and Bot•rower❑therwise agi-ee i�� <br /> v�ritit�g, ai�y insura��ce�roceeds, w��ether oz•not the underlyipg it�surance wa� re�uired by Le��der, shall be <br /> applied to �•estara��on or repair of�tl�e Prope�•ty, if the restoration or re�ai�- is ��ono�zli�aily feasible and <br /> Let�der's security is n�� lessened. During sucl� Y•e�ai�-ai�d res�ot�a��a�� �ei-iod, Lender shal� i�ave t��e�•ight�o <br /> hQI�5UC�1 1I75U1-anGe proceeds until Lender h�s ��ad an �p�ortur�i�y t❑ ins�e�t su�l�Prope�-�y�o e��sure t��e <br /> wark has been c�mplex�d t�Lender's sa�i�fac�ion, provided�l�a��u�h inspectinn shall be under�alcen <br /> p��omptly. Lender�nay disburse pro�eeds fat•the repairs and resto�•a�ion it� a s�ngle payme��t or i�� �se�-ie�af <br /> pragress pay�nent� as the wo�-�� is �omple�ed. Unles� �i� ag�•�en�ent is made i��w�-itil�g���Appiicable Lavv <br /> rec�uires interes��o be paid nn su�h insurance proceeds, Lende�• shali no�6e rec�u�red t❑ pay Borrovver ai�y <br /> intet-es�o�-earnings a1� suc�i p�•oceeds. Fees for p�iblic adjusters, or a�l���-th�rd par�ies, ret��i�ed by Bo�•rowe�- <br /> shall not be paid❑ut of���e ix�su�-ance pt•oceeds and shall b��l�e sale obligatia�� of Bo�•rovve�-. If th��-esto�-a�io�� <br /> ar repair is��ot economi�ally feasi�le or Le�zder's security wau�d be lesset�ed, �he insut-ai�ce p�•aceeds shall be <br /> applied�a�he sums secui•ed by tl�is Se�urity I��st��urnei��, wheth�r o�•��ot tl�e�� due, wi���tl�e ex�ess, if�i�y, <br /> paid t� Sorrower. Suc�i insura��ce p�,ace�ds s��all ve applied iiz the��-dei• pY-ovided fot� ii� 5ec�io�� 2. <br /> �f Borr�wer abal�dot�s the Prflpe�•ty, Le��der may fiie, negotia��and settle a��y availablc ins�iran�e claii�� a��d <br /> rela�ed rn�tters. If Barrower does n�t respo��d within 3� days to a notice fron� Lender�h1t the it�s��rance <br /> ca�•rier��as offe�-ed�� se�tle a claim, then Lende�� t11ay ��egotiate and settle tl�e c�ai���. T���3�-day �aeriod will <br /> begin wl�en the ��otice is gir�en. In ei�l�e�•�ve��t, az• if Lei�der ac�u�res the P�•o�erty ui�der 5ection ?2❑r <br /> othe��wise, Bot•rower he�-eby assigns t❑Lendei•�a} Bo�-t•owe�-'s ��igl�ts to �ny ii�sui•a��ce p�-a�eeds in an �z��aLiz�t <br /> n�t to ex�eed the at�-�ounts u��paid under�h�Note�r�his SeGut�i�y I��strumet��, a��d ��} any o�her of <br /> Barrowet�'s rights �ather than t��e r�gl�t to aily refund ❑f��nearned premi�ims p�id by Borrowe�-} c�i�der aIl <br /> iY�surance p�licies co�e�-ing tl�e Pro�erty, i��sofar as such rigl�ts a��e applicable�❑ t��e ca��rage of the <br /> Prop�rty. Lender may use�he i��suran�e pr��eeds either ta r�pair�i-resto�-e t��e Prope�•ty ❑r t� pay amouii�s <br /> unpaid undei-the Nflte ar�his Security Ii�s��•u�nen�, vvheti�et-nt• t�ot ti�ei� d�.�e. <br /> ���5-�785492 10a0�49T4A�1�5274�0 799�4 <br /> N�RRSKA-5ingle Famify-Fannie M�elFre�die M ac lJN1 FflRN1 1N5TRlJM ENT WlTH M ER5 Farm 3�28�lo�l <br /> VM P Q VM P6A�N�}�13a2} <br /> Wolters F[�uw er Fnancia!Services i�11712��5 1�:�#g AM f'age 7❑f 1� <br />
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