201606138 - Laserfiche WebLink

Browse

� 2� 1 �� 138 sertrices and subsequent charges each time remappings or similar changes occur which r�asonably r�ight affect such determ�n�.tion or certifi�ation. �orrower�ha�1 al�be responsible for the paym�nt of an�f�es imposed by�he Federal Emergency Management Agency in connection with the re�iew of any flaod zane determination resulting from an objection by Bonower. If Borro�ver fails to maintain any of`the cov�rages descr�bed abov�,Lender may ob�ain insurance coverage, at Lender's option and Borrower's expense.�,ender is under�ao�bligation to purchase any partx��lar type or amaunt of coverage. Therefore,such cov�rage shall ca�er Lender,but might or might not protect Borrawer, �3orrower's equity in the Property,or th�cantents o�the Property,against any risk,ha�ard or liability and might provide greater or lesser coverage than was previ�usly in effect. Borrower acknowl�dges that the cost of the insurance coverage so obtained might significantly�xceed the cost of insur�nce that Borrower c�u1d ha�e abtained. An.y amount�disbursed by Lender under�h�s Section S shall become additiona�debt af � Barrower secured by this Security Instrume�t.These amounts sha�l bear interest at the Note rate from t�e date of disbursement and shall be p�yable,with such interest,upoa notic�fram Lender to Borrower re�uesting payment. All insuranc�policies required�y Lender and renewals of such polici�s shall be subj ect to Lender's right to disapprove such g�ticies, sha�1 include a sfiandard mortgage ctause,and sha1�name Lender as mor�gagee andlor as an addit�ora..al�oss payee. Lender shall ha�e the right to hald the po�icies and renevval certificates. If Lender requires,Bonower sha11 promptly give ta Lender a11 receipts�f paid premiums and renewal notices. If Borrower obtain�any form of insurance coverag�,not atherwise required by Lender, for damag� to,or destruct�on of,the PrQperty, such poli�y sha11 inciude a standard mortgage clause and sha��aame Lender as mortgagee andlor as an additi�na�Ioss payee. In the e�ent of loss,Borrower shall��ve prompt notice ta the insurance carrie�r and Lender. Lender may make proof o�loss if aot made promptly by Borrower.Unless Lend�r and Borrawer otherwise agree in writing,an�Ynsura�ce proceeds,��.ether or not t�.e under�ying�nsurance�vas requued b�Lender,sha��be app�ied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not less�ned. During such repair and restoratiaa period,Lent�er sha11 have the right to ho�d sueh insurance proceeds u�.ti1 L�nde�has h�d an opportunit�t�inspect such�ro�aerty t�ensure the wark has been completed to Lender`s satisfaction,provided that such inspection shal�be undertaken promptl�. Lender may disburse proceeds for the repairs and restoration in a single payment or in a s�ries of progress payments as the work�s camp�eted. �n�ess an agre�ment is made in►writi�g or Applicab�e Law requir�s interest to be paid on such insurance proceeds,Lend�r sha11 not b�requued t�pay Banower any . interest or earnings an such pr�ceeds. Fe�s f�r publ�c adjusters,or other third parti�s,retained by Borrower sha11 not b�paid out of the insuranc�proceeds and�hai1 be the sole ab�igat�on of Borrotiver. If the restaration or repair is not economical�y feasible or Le�xder's securi.ty would be�essened,the insuranGe proceeds sha11 be app�ied to the sums secur�d by this Security Instrument,whether or not t�en due,vvith the excess, if any, paid to Borrower. �uch insurance proceeds�hall be applied in the order provided for in Section 2. If Borrower aband�ns the Praperty,Lender rriay fite,negotiate and s�ttle any a�ailable insuranc�claim and re�ated matters.If Borro�ver does nat resgond w�th�n�Q da�s�o a nvt�ce fram I�ender that the�nsurance carrier has offered to�ett�e a claim,then Lender may negatiate and settle the claim.The 3�-day period w�ll begin when the notice is given. In either event,or if Lend�r acquires the Property under Section 22 or a�her�v�se,Barrower��reby assigns ta Lender(a}Bo�r��r's r�ghts to a�.y�nsura�.ce�aroceeds in an ar�ount not to exceed the amount�unpaid under the Note or this S�curity Instrument,and(b}any other af Bonower's r�ghts(other than the right to any refund of uaearned premiurns paid by Borrower}under a11 insurance po�icies covering the Propert�, insofar as s�ch rxghts�,re a�p�icab�e��the caverage of the Property. Lender may use the insurance proceeds either to repair or restnre the Property or to pay arnounts unpaid under the N�te ar this S�curity Instrument,whether or not then due. NE9RASKA-Single Family-Fannie MaefFreddie Mac UNIF�RM 1N5TRLIMENT WITH MERS Form 3�28 1141 VMP� VMPBA(NE}�1342}.fl4 l�l�olters K�t�wer Finarr�ial Services Page 7 af 9 7 q�3359971qz1 U�33 37l 4717