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<br /> 5. Property Insurance. Borrower shall keep the impro�e�nents now existing or hereafter erected on the
<br /> Property insured against loss by fire, hazards included�vit��in the term "exfended co�erage," and any other hazards
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<br /> including, but not limited ta, ear�hquakes and floods, for which Lender requir�s insurance. This insurance shall be
<br /> maintained in the amounts �including deductible ie�els} and for the periods that Lender requires, What Lender
<br /> requires pursuant ta the preceding sentences can change during the term of the Loan. The insurance carrier pro�iding ;
<br /> the insurance shall be chosen by Borrower subject ta Lender's right to disappro�e Barrower's chaice,which right shall
<br /> nat be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: �a}a one-
<br /> time char�e for flood zone determination, certification and t�a�king ser�ices;ar�b}a one-time charge for flood zane
<br /> determination and certification ser�ices and subsequent charg�s each time remappings or similar changes occur vrrhich
<br /> reasanably might affect such determinatian or certification. Borrower shall also be responsible for the payment of
<br /> any fees imposed by the Federal Emergency Management Agency in cannecti�n with the re�iew af any fload zone
<br /> de�ermination r�sulfing fram an objection by Borrower. �
<br /> If Borrower fails ta maintain any af the co�erages described abo�e, Lender may ohtain insurance co�erage, at
<br /> Lender's option and Borr�wer's expense. Lender is under no obligation tv pur�hase any par�icuiar type nr amount
<br /> af ca�erage. Therefore, such �a�erage shall ca�er Lender, but might or might not protect Borrawer, Borrower's
<br /> e�uity in the Property, ar the contents of the Froperty, against any risk, hazard or ltability and might pro�ide greater
<br /> or lesser co�erag��han was pre�i4usly in effect. Borrower acknowledges that the cost of the insurance co�erage so
<br /> ob�ained might significant�y exceed the cost of�nsu�ance that Borrovver could ha�e obtained. Any amounts disbursed
<br />; by Lender under this S�ction S shall become additionai debt of Borrower secured by this Security Ins#rument. These
<br /> amounts shall bear interest at the Note rat�from the date af disbursement and shall be payable, wi�h such interest,
<br /> upon notice from Lender ta Borrower requesting payment.
<br /> A.11 insurance palicies requir�d by Lender and r�newals of such policies shall be subject to Lender's right to
<br /> disappro�e such poli�ies, sha11 include a s�andard mortgage clause, and shall name Lender as mortgagee andlar as an
<br /> additional loss payee. Lender shall ha�e the right to hold the policies and ren�wal certificates. If Lender requires,
<br /> Borrow�r shall promptl�gi��to Lender all receipts of paid premiums and renewal notices. If Barrower obtains any
<br />� form of insurance Co�erage, not otherwise required by Lender, for damage to, ar destruction of, the Property, such
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<br />� palicy shall include a standard mortgage clause and sha11 name Lender as martgagee andlor as an additional loss
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<br /> payee.
<br /> In the e�ent of loss, Borrovver shall gi�e prompt notice to the insurance carrier and Lender. Lender may make
<br /> proof af loss if not made promptly by B�rrower. Unless Lender and Borrow�r otherwise agree in writing, any
<br /> insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied tfl restaration
<br /> or repair of the Property, if the restoration or repair is economically f�as�b�e and Lender's security is n�t lessened.
<br />; During such repair and restoration period, Lender shall ha�e the right to hold such insurance proceeds until Lender
<br />� has had an oppnrtunity to inspect such Property to ensure fhe work has been completed ta Lender's satisfaction,
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<br />� pro�ided that such inspection shal� be undertaken promptly. Lender may dzsburse proceeds for the repairs and
<br />; restoration in a single payment or in a series of progress paymenfs as the worl�is completed. Unless an agreement
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<br /> is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender sha�l not be
<br /> required ta pay Borrower any interest or earnings fln such praceeds. Fees for public ad�usters, or ather third parties,
<br /> retained by Borrower shall not be paid out�f the insurance proceeds and sha�l be the s�le obligatian of Borrower.
<br /> If the rest�ratian or repair is not economically feasible or Lender's security w�uld be lessened,the insuran�e proceeds
<br /> shall be applied to the sums secured by this Security In�trument, whether or not then due,with the�xcess, if any, paid
<br /> t❑Borrower, Such insuranc�proceeds shai� be applied in the order pro�ided for in Sec�i�n�.
<br /> If Borrower abandons the Property, Lender may file, nego�iate and settle any a�ailable insurance c�aim and
<br /> retated matters. If Barrawer does not respond within 30 days to a notice from Lender that the insurance carrier has
<br /> offered ta se�t�e a claim, then Lender may negatiate and s�ttle the claim. The 3�-day period will hegin when the
<br /> nntice is gi��n. �n eith�r e�ent, or if Lender acquires the Properry under Section 21 or otherwise, Borrower hereby
<br /> assigns to Lender�a} Barrawer's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br /> under t�ie Note ar this Security Instrument, and�b}any other of Borrower's rights�other than the right ta any refund
<br /> of unearned premiums paid by Borrower} under all insurance policies�o�ering the Property, insofar as such rights
<br /> NEBRASKA-Single Family-UNIF�RM INSTRUMENT Docl�a�Ic
<br /> M�DIFIE� F�R DEPARTMENT QF VETERANS AFFAlRS - MERS www.dacmagic.cam
<br /> �Rev. 1101� Pag e 6 of 14
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