201601675 - Laserfiche WebLink

Browse

2� 1 �� 1 �75 ser�ices and subse�uent charg�s each tirne remappings or similar chan�es occu�r which reasonably might affect such determination ar certification. Borrower sha11 also be responsible for the payment of any fees imposed by th�Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an o�j ection by Borrower. If Borrower fai�s to ma�ntain any of the coverages descr��bed abo�e, Lender may obtain�nsurance coverage, at Lend�r's op��on and Borrower's expense. Lender is under no o�ligation to purchase any particular type or amount of coverage. Therefore, such coverage sha1��over Lender,but might or migh�not protect Borrow�r, Borrower's equ��y�n the�'roperty,or the contents of the Propert�,against any risk,hazard or liability and might pro�r�de gr�a�er or lesser caverage than�as previously in effect. Borrower ackno�vled�es that th��ost of the insurance c��erage so obtained might significantly exceed the cost of insurance that Borro�ver cou�d ha�e obta.ined.Any amounts dis�ursed by Lender under this Section 5 shall become additional debt af Borrower secured by this Securit�r Instrument. These amounts sha11 bear interest at the Note rate from the date af disbu.rsement and sha11 be payable,�rith such interest,upon not�ce from Lender to�orro�er requesting payment. A�1�nsurance policies requi.r�d by Lender and r�newals of such policies shall be subj ect to Lender's right to disapprove suGh policies, shal��nclude a standard mortgage clause,and sha11 name L�nder as m�rt�agee and�or as an additional loss payee. Lender sha11 have the right to hald the po�icies and renewal certificates. �f Lender requires,Borra�er shall promptly give to Lender a11 rece�gts of pa�d premiums ar�d renewal notices. If Borrow�r obtains any form of insurance ca�rerage,nat otherwise required by Lender, far damage to,or destxuction of,the Praperty, such policy sha11�nc�ude a standard mortgage clause and sha11 name Lender as mortgagee andlor as ar�additional l�ss payee. In the e�ent of 1oss,B�rrower sha11 give prampt not�ce to the insurance carrier and Lender, Lender may make proof of loss if not made prompt�y by Borrower, Unless Lender and Borro�ver otheru�ise agree in writing,any insurance proeeeds,whether ar na�the underlying insurance wa�required by Lender, sha�t be applred to restoratian ar repair of the Propert�, if th�restoration or repair is economically feasibl�and Lender's s�curity is n��lessened. During such repa�.r and restoration period,Lender shall ha�e th�right to hold such�nsurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has be�n�omple�ed to Lender's satisfaction,provided that such inspection shall be undertaken prorriptly. Lender may disburs�proceeds for the repairs and restoration in a single payment or in a ser�es of progress payments as�he wor1�is campleted. Unless an a�reement is mad�in writing or Applicab�e La� requires interest to b�paid on such insurance praceeds,Lender sha11 not be required to pay Borrow�r any interest or eamings on such pro�eeds.Fees for public adjusters,or other third parties,retained by Borro�ver sha11 not be pa�d out of the insurance proceeds and shall be the sole obl�gati�n of Borrower. If the restoration or repair is not econnmically feas�ble or Lender's security would be lessened,�he insurance proceeds sha11 be applied to the sums secur�d by this S�curity Instrument,whether ar not�hen dueA with the excess, if any, paid ta Borrower. Such in�urance pro�eeds sha11 be applied in the order provided for in Section 2. If Borrow�r abandans the Property,Lender may fi1e,negotiate and settle any available insuranc�claim and related matt�rs. If Borrower does not respond within 3�days to a not�ce from Lender that the insurance carrier has offered to settle a claim,then Lender may negatiate and se�tle the c�aim. The 3�-day p�riad will beg�n when the notice is giv�n. �n either event,or if Lend�r acquires the Prop�rty under Section 2�or o�herwise,Borrower hereb�assigns to Lender(a}Borrower's rights to any insurance pr�ceeds in an amount no�to�xceed the arrYounts unpaid under the Note ar this Security�ns�rument,and(b}any other of Bonower's rights(vther�han the right ta any refund of unearned pr�miums paid by Borrawer}under all �nsurance policies covering the Property, insofar as such rights are applicable to the coverage of the Proper�. Lender may use�he insuranc�proce�ds either to repair or restore the Property or to pay amour�ts unpaid under the Note or this Security Instrument,whether or nat then due. NEHRASKA-5ir�gie Family-Fannie MaelFreddie Mac LINIFQRM INSTRLIMENT WITH MERS Form 3428 1f01 VMP� VMP6A�NE}[134�}.�0 Wotters Kluwer Fir�ancial Services Page?o€9 7 q�33534�Z54� �233 267 �717