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201700363
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Last modified
7/28/2017 1:35:57 PM
Creation date
1/18/2017 9:01:51 AM
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DEEDS
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201700363
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2� 17��3�3 <br /> s�rv�ces and su�sequ�nt charges each time remappings flr sir�ilar ehang�s occur which rea�sor�a��y might <br /> affect such determinati�n or certification. BQr�ower shall also be respansibie for the payment c�f any fees <br /> imposed by the Federat Emergency Management Agency xn connectian�uith the re�ievv o�any fl�od zane <br /> determinatian resuFting from an vbj��ti4n by Sorrawer. <br /> If Borrower fa�ls to maintain any of the�overag�s described above,Lend�r may�bta.in in.s�rance coverage, <br /> at Lend�r's option and Borrower's expense.Lender is under no obligation to purchase any particu�ar type ar <br /> amount of cov�rage.Therefare,such covera.ge shalt cover Leader,bu�might or mi�ht not protec�Barro�ver, <br /> Borrower's equity in the Praperty,or the contents vf the Property,a�ainst an}�ris�,ha�a�d o�liabili�y and <br /> might provide greater or�ess�r coverage than was pre�iously in effe�t.Sorrower acknowledges that the cost <br /> of the insurance coverage 50 obtaine�might significan�ly exceed the cost of insuranc�that Borrower cauld <br /> have abtained.Any amounts disbursed by��nder under this Section S s�aali becorne addit�o�al debt of <br /> Borro�ver secured by this Security�nstrument.Th��e amounts shalt bear interest at the Nate rate from the <br /> date of disbursement and sha11�ae paya�ale,with such interest,upon notice from Lender to Borrawear <br /> reque�t�ng payment. <br /> All insurance po�icies required by Lender and rene�va�s of such pa�i�ies shali be subject ta Ler�d�r's right t� <br /> disappra�e such pol�cies,shail include a standard mortgage clause,and shall name Lender as mor�gagee <br /> and�l�r as an addrtionalloss payee.Lender shall have the right ta hald the p4licies and renewa�certificates. <br /> If Lender requires,Bano�er sha11 promptly give t�Le�xd�r a�l receipts of paid premiums a�nd rer�ewal <br /> notices. If Barro�uer obtains any form�f insurance caverage,not other�i�e r�quired by Lender, for damage <br /> to,ar destruction of,the Property,such poli��sha�l include a standard mortgage c�ause and shal�name <br /> Lender as mort�age�andlor as an additxona�la�s payee. <br /> In the event of loss,Borro�ver shall give prampt notice to the insurance carrier and Lender.Lender may <br /> mal�e proof of loss if not made promptly by Borro�er.Unless Lender and Barrower otherwise agre�in <br /> writing,any insuran�e proceeds,whether or n�t the underlying insurance was re�uirec�by Lender,shall be <br /> applied#a restoration or repair oF th��roperty, if the restoratian or repair is ecanvrnicaily feasib�e and <br /> Lender's security is�ot iesse�ed.During such repair an�restaratian period,Lender�hal�have the right to <br /> hatd such insuran�e praceeds unt�l Lender has had an apportuni�y to inspeet such Property to ensure the <br /> work has been compieted to Lender's sat�sfaction,pro�ided that suc�ins�ection�hali be und�rtak�n <br /> promptly. Lender may disburse praceeds far t�e repairs and restoration in a sing�e payment or in a series of <br /> progre�s paymer��s as the w�rk is Gvmp�et��.L�nle�s an agre�ment is made in wri�ing or Applicable Law <br /> requires interest to be paid an such insurance proceeds,Lender shail nat be required ta pay B��raw�r any <br /> interest or earni�gs on such proceeds. Fees for pub�ic adjusters,or other third pa�ties,retained by Borrower <br /> shall not be paid out of the�nsurance proceed5 and shall be the sole obligation of Borrow��.If the restoratiQn <br /> or repau is not ecanomicaily feasible or Lender's security would be�e�sened,the in�urance proceeds shall be <br /> applied ta the sums secured by this Security�ns�rument,whether or not then due,with the excess, if any, <br /> paid to Barrawer. Such insurance proceeds sha11 be applied in the order pr4vided far in S�ctian�. <br /> �f Borro�e�abandons the Prope�ty,Lender may f�le,neg�tiate an�settle any available insuranee claim and <br /> related matters, If Borrower does not resp�ad within 3 U days to a notice from Lender that the insurance <br /> carrier has vffered to sett�e a claim,then Lender may negotiate and settle the�laim.The 3�-day period wil� <br /> U��111�b�ll t�l�I7���1��15�1V�I1.In eith��event,or�f Le�xder acquues th�Praperty under Section z2 or <br /> ot�erwise,Borrawer hereby assigns to Lender(a}Borrower's rights to any insurance praceeds in an amount <br /> not to exceed th�arr�aunts unpaid under the Note ar this Security Instrument,ar�d�b}any ather af <br /> �orro�ver's right��ather t�ian the right to any r�fund of ur�earned premiums pa�d�y�3orrower}under a11 <br /> insurance p�lici�s co�ering the Praper�y,ittsofar as such ri�hts are appticable to the caverage of the <br /> Prap�rty.Lender may u�e the iasurance proceeds either to repair or restore the Praperty�r to pay amount� <br /> unpaid under the 1�Iote or this Security Ins�rum�nt,v�hether or r�ot then due. <br /> NEBRASKA-Single Fami�y-Fann�e MaelFreddie Mac L1Nl��RM INSTRLJMENT W1TH MERS Farm 3428 ilU1 <br /> VMP� VM P�A�N E]�1342].40 <br /> Wolters Itluwer Financial Services Page 7 of 17 <br /> q 35 7481 4 33 3 7l <br />
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