201602361 - Laserfiche WebLink

Browse

2� 1 ��23� 1 serv�ces and subsequ�nt charges each time remappin�s or sim�lar changes occur whic�reasonably mi�h� affeet such determination.or certification. Barrawer sha��also be re��Qnsible for th�payment of a�ny fees imposed by the Federal Emergency Management Agency in connect�on with the revietiv of any flvod zone determination re�ulting from aa objecti�n by Borr�wer. If Borro�er fai�s to main.tain any of th�co�erages deseribed abo�e,Lend�r may obtain�nsurance cov�rage, at Lender's option and B�rr�wer's expen.s�. Lender is under no ob�igation to purchase any particular type ar amount of cov�rage. Therefore,such c�verage sha11��ver Lender,but might or might not protec�Borrower, Barrower's equity in the Proper�y,or�he cantents of the Pra�erty,against any risk,hazard ar liability and might pro�ide gr�ater or less�r co�erage than�vas previaus�y in effect.Borro�ver a�knaw��d�es that the cost af the ins�rance co�erage so�btain�d m�ght significantl�exceed the cost of in�urance that Borrawer co�u�d b.av�obtained.Any amvunts disbur�ed by L.ender u�nder this Sectian 5 sha11 become additianal debt of Borro�v�r secured by this Security Instrument. These amvunts shall bear inter�st a�the Note rate from the date�f disbursement and sha��be payable,with su��i interest,upon notic�from Lender to Borrower requestin�g payment. A11 insurance pvlic�es required by�.ender aad renetiva�s of such paticies sha1�be subject to Lender's r�gh�ta disapprove such palicies,sha11 includ�a�t�ndard mortgage clause,and sha11 name i�ender as mortgagee andlor as an additional loss payee. L�n.der sha11 have the right to hold the policies and renewal c�rtificat�s. If Lender require�,Borrower shall promptly give to Le�nder a11 receipts of paid premiums and renewal nvtice�. If Borrower�btains any form af insuran.ce�overag�,n��herw�se required by Lender, far damage to,�r destruction of,the P�roperty, sueh po�iGy shal�include a s�ndard mortgage clause and sha1�name I�ender as mor�gagee andlor a�an addit�onal loss payee. In th�even�of lo�s,Barro�er shal�giv�pr�mpt no�ice ta the insurance carrier and Lender. Lender may make proaf vf loss if not made promptly by B�nov�er.Un1e�s Lender and Borr�wer other�ise agree in writir�g,any insurance pracee�s,whether or not the unde�Iyi�g ins�ance�as requ�e�d b�Len.der,s�a.11 he applied to restorat�on ar repair of the Property, if th�e restoration�r repair�s econom�cally f�asible and Lender's�ecur�ty�s no�lessened.I�uring such repair and restoration period,Lender shall have the right to hald suc�i��urance p�roceeds��ti��.��ader has had an opp�rtunit�to inspect�uc��'roperty to e�nsure the work has been completed to Lender'�sati�faetion,provided that such inspection sha11 be undertaken promptly. Lender may disburse proceeds f�r�he repairs and r�storation in.a single pa�ment vr in a ser�es of p�ogress pa�ments as the�r�rk is completed.Unless an ag,reer��n��s made in writing ar Applicabte i,a�v requires interest�o be pa�d on such insurance proce�ds,Lender sha11 not be required to pay Barrower any i�a�erest or earnings on such proceeds. Fees for public adjusters,ar other third par�ies,retained by Borrower shal�not'be paid�ut of th�insurance proceeds and shail b�the sole�bligati�n vf Borrower.If�he restoration or repa�.r�s aot economical�y feasible or L�nder's security would b�l�ssened,the insuran��proceeds sha11 be app��ed to t�e sums secured by this Securit�Instrument,whether or n�t then duek with the excess, if any, paid to Borr�wer. Su�h insur�.nce procee�s shat�be applie�.�n the order provide�l for�n Sectivn 2. If Barrower abandons�he Property,Lender may fi1e,n�gatiate and s�ttle any a�ailable insurance claim and r��ated matters. If Barrow�r does not respond within 34 days ta a notice from Lender that the�nsuran�e cani�r has offered to settle a claim,then L�nder may n��otiate and settle th�claim. The 3�-day period wi11 begin when�he notice is given. In either�vent,or if Lender acquues the Property und�r Sec��on 2�or vther��se,Barro�ver her�by assxg�.s to Le�der�a}�orrvwer's rights to a�y�nsurance p�ac�eds in an a�ount n.ot ta exceed the amaun�ts unpaid under the Note ar this Security I�strument,and�b}any other of Borrawer's ri�hts[oth�r than the right to any refund of unearned premiums paid by�orrower}under a1� insuara��e p�li�ies covering the�ra��rty,in�ofar as such.rights are applicabl��to the c�verage Q�the Froperty. Lender may use the in�urance proceeds either to repair or rest�re the Froperty or to pay amounts unpaid under the�ote or this Security In.strument,whe�her or nat then due. NEBRASKA-SEngEe F�mily-Fannie MaelFreddi�Mac LINIFC)RM INSTRUMENT W[TH MERS Farm 3D2g 1I�1 VMP� VMPBA(NE){�3��).40 Wo�ters Kluwer Financial 5ervices Page 7 0#�7 q�3354�9�69� ��33 345 �71?