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201607000
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Last modified
7/24/2017 4:03:33 PM
Creation date
10/21/2016 10:01:00 AM
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DEEDS
Inst Number
201607000
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2� 1 ��7��� <br /> ser�rices and subsequent charges each time remappings�r�imilar changes occur�vhi�h reasanably m�ght <br /> affect such determination or certifica�ion. Borro�uer shall al�o be responsible for the payment of any f��s <br /> imposed by the Federal Emergency Management Ag�ncy in connection with the review of any flood zane <br /> determination resulting from an obj ection by Borrawer. <br /> If Borrower fai�s to maintain any of the co�rera�es described above,Lend�r may obtain in�urance caverage, <br /> at Lender's opti�n and�orrower's expense. Lender is under na obligation ta purchase an��articular type or <br /> amount of coverage. Therefare, such cvv�rage sha11 caver L��d�r,but might or migh�n�t protect Borrawer, <br /> F�orrower's equity in the Property,or�he c�ntents of the Property,against any risl�,hazard ar liability and <br /> might provide grea�er�r lesser cov�rage than was previously in effect. Borrower acknowl�dges�ha�th�cast <br /> of the in.surance coverage so obt�.ined might significantly exceed�h�cost of insuranc�that Borr��ver could <br /> have obtained.Any amounts disbursed by Le�nder under this Section 5 sha11 beco�n�additional debt of <br /> Barrower secured by this Security Instrument. Thes�arnoun�s sha11 bear interest at the Note rate from the <br /> date of disbursement and sha11 be payable,with such interest,upon no�ic�fro�n Lender to Borrower <br /> requesting payment. <br /> A11 insurance policies required by Lender and rene�als of such polici�s sha11 be subject to Lender's right to <br /> disapprove such policies, shal�include a s�a.ndard mortgage ciause,and sha11 name Lender as m�rtgagee <br /> andlor as an additionalloss payee. L�nder sha11 hav�the right to hold the policies and renewal Gertificates. <br /> �f Lender requires,Borrower sha11 promptly give to Lender aIl receipts of paid premiums and renewal <br /> notices. If Borrow�r obtains any form of insurance cov�rage,not other��se re�uired by Lender, for damage <br /> ta,or destruction�f,�he Property,such policy sha11 include a standard mor�gage clause and sha11 name <br /> L�nder as mortgagee andlor as an add�tional loss payee. <br /> In the event of loss,Borrower sha11 give pran�p�notice to the insurance carrier and Lender. Lender rnay <br /> mak�proof of loss if not made pr�mptly by Borro�ver.Unless Lender and Borrower otherwise agree in <br /> �vriting,any insuranGe proceeds,whether or nat the underlying insurance was requu'ed by Lender, sha��be <br /> applied to re�toration or repair of the Property, if the restoration or repair is economically feas�b�e and <br /> Lend�r's security is nat�ess�ned. I�uring such repa�i.x'and restaration period, Lender sha11 have the right to <br /> ha�d suc�insurance proceeds unti�Lender�as had an opportunYty to��.s�ect su�h Property to ensure the <br /> work has been completed to Lender's satisfaction,provided that such inspection sha11 be undertaken <br /> pramptly. Lender may dis�urse proceeds for the r�pa'vrs and restoration in a singl�paym�nt or in a�eries of <br /> progress payments as the work is completed.Unless an agreement is made in writing or Applicable La�r <br /> requires it�terest to be pa�d on such insurance proceeds,Lend�r shall not b�required to pay Borrower any <br /> interest or earnings on such praceeds. Fees for public adjust�rs,or other third parties,retain�d by Barrawer <br /> shatl not be paid out of the insurance�roceeds and sha�1�e the sale ab�iga��a��f Borrower. If the restoratian <br /> ar repair is not ecanomica��y feasible or Lender's security would b�lessened,�h�insurance proceeds sha11 be <br /> applied to the sums secured by this Security�nstrument,wh�ther or not then due,tivith the excess, if any, <br /> paid to Borrower. Such insurance proceeds shall be appli�d in the order provided far in Sec�ion�. <br /> If Borrower abandons the Property,Lender may fi1e,negotiate and settle any a�ailable insurance cla�m and <br /> re�atec�rr�atters. If Bo�a�er doe�not respa�.�within�D da�s to a no�ice from Lender that the insurance <br /> canier has affered to settle a��a�m,�hen Lender may negotiate and s�t�le the+claim. The 3�-day peri�d will <br /> begin�vhen the notice is g�ven. In either e�ent,or if Lender acquir��the Proper�y under Section 22 or <br /> otherwise,Borrower here�y assigns to Lender�a�Borrower's rrghts to any insurance proceeds in an amount <br /> not to exceed the amounts unpaid under the Note or this Securit�Instrum�nt,and�b}any a�her of <br /> Borrower's rights��ther than the right to any refund of unearned premiums paid by Borrower)under a11 <br /> �nsurance�o��cies cov�r�n�the Property, �n$afar as such rights are applicabl�to the coverage of t�e <br /> Praperty. Lender may use the in.surance proceeds either to repair or restore�he Property or to pay amaunts <br /> unpaid under the Not�or�h�s Security�nstrurnent,whether or not th�n due. <br /> NEBFiASKA-Single Family-Fannie AlIaelFreddie Mac LINIFQRM IN5TRLIMENT WITH MERS Form 3q28 1141 <br /> VMP C� VMPfiA(NEj(1342}.4� <br /> Wolters Kluwer Fina��iai 5ervices Page T of 17 <br /> q�33�3514G65 �233 515 4717 <br />
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