Laserfiche WebLink
2� 17���85 <br /> given,Borrovver shall satisfy the lien or take one or m�re of the actions set forth above in this Section <br /> 4. <br /> Lender may require Borrower t�pay a ane-tim��harge for a real estate tax verification andlar <br /> report�ng service used by Lender in�onnection with this Laan. <br /> 5. P ro pe rty f ns u ra n ce. Borrower shall keep the�mpro�ements noW e�isting or hereafter ere�ted <br /> an the Property�ns�red against loss by f re,hazards inc�uded within the terr� "ext�ended c�verage," <br /> and any other ha�ards including,but not limited to, earthquakes and floods,for which Lender requires <br /> insurance. This insurance shall be maintain�d in the amou�nts�includi�g deductible levels�and for <br /> the periods that Lender requires. What Lender requires pursuant ta the preceding sentences can <br /> change during the term of the L�an. ��e�nsurance carri�r pra�iding the insurance shall be�hos�n by <br /> Bvrrower subje�t to Lender's right to d�sappro�e Borrower's chQice,Which right shall not�e exercised <br /> unreasanab�y.L�nder may requir�B�rrower t�pay, in connectian with th��Loan, either: �a}a�ne-� <br /> time charge for flood zone determination, c�rtification and tracking ser�ices;or(b}a one-time charge <br /> for fl�od�one determination and c�r�ification�ervices and subsequent charg�s each time remappings <br /> or similar chax�ges occur which reasona�ly might affect such determination or certification. Borrower <br /> shall also be responsible for the payment of any fees impased by the Federal Emergency Managem�nt <br /> Agency in c�nnection with the review of any flood zone determ�nation resulting from an objection by <br /> B orrower. <br /> If B�rrower fails to maintain any of the co�erages descri�ed abo�e,Lender may obtain insurance <br /> co�erage,at Lender's opti�n and Barrower's expense. L�nder is under no ob�igation to pur�hase any <br /> parti�ulax type or amount of co�erage.Therefore, such�o�erage shall cover Lender,but might or <br /> might not protect Borrower,Borrawer's equity in the Prop�rty, ar the contents of the Pr�perty,against <br /> any risk,hazard or�iability and might pro��de greater or lesser co�erage than was previausly in effect. <br /> Borrower acknowledges that the cost of the insurance co�erage so abta�ned might significantly e��eed <br /> the cost of insurance that Borrovv�r cou�d have obtained.Any amounts disbursed by Lender under <br /> th�s Section 5 shall become additiona�debt of Borrovver secured hy this Security Instrument. These <br /> amounts shall bear�nterest at the Note rate fr�m the date of disbursem�nt and shall be payable,with <br /> su�h interest,upon not�ce from Lender ta Borrow�r requesting payment. <br /> All insurance policies required by Lender and renevvals of such p�licies shall be subject to Lender`s <br /> right to disappro�e such pnlicies, shal�include a standard mortgage c�ause,and shall name L�nder <br /> as mortgagee andlor as an additional loss payee.Lender shall ha�e the right to hold the poli�ies and <br /> reneWal certificates. If Lender requires,Borrower shall promptly gi�e to Lender a�l receipts of paid <br /> premiums and renewal r�otices.If Borra�ver obtain�ar�y form of insurance coverage,nat otherwis� <br /> required by Lender,far dama�e ta,or destruction of,the Property, such po�icy sha�l include a standard <br /> mor��age clause and shall name�ender a�mortgagee andlor a�an addit�ona�loss payee. <br /> In the event of loss,Borrower shall gi�e prompt notice to the insurance carrier and Lender.L�nder <br /> rnay make proof of loss if not made promptly by Borr�vver.iJnless Lender and Borrower otherwise <br /> agree in writing,any insurance pr�ceeds,whether or not the under�ying insurance was requir�d <br /> by Lend�r, sha11 be applied to restoration or repair�f the Property, if the restoration or repair is <br /> ecanomically feasible and Lender's security is not lessened. I3uring such repair and restoration periad, <br /> Lender shall ha�e the right to hold such insurance proceeds until Lender has had an apportunity ta <br /> inspect such Property to ensure the work has been completed to L�nder's satisfact�an,pro�ided that <br /> such inspecti�n shall be undertaken prom�tly.Lender may disburse proceeds for th�repairs and <br /> restoratian in a single payment�r�n a series of progress payments as the work is c�mpleted.IJnless <br /> 23D�430283 <br /> NEBRASKA-Smgle FamEly-Fannie MaelFreddEe Mac UNIF�RM INSTFt�MENT Form 30�811�� <br /> VMP� ���s <br /> WQo�ters Kiuwer FinanGial 5ervices 2fl'f 7�1131 fi 2 0 3925-J20160720Y Page fi af 1 fi <br />