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201700754
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Last modified
7/28/2017 1:47:33 PM
Creation date
2/2/2017 9:09:54 AM
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DEEDS
Inst Number
201700754
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2� 17��754 <br /> services a��d sub�eq�tent charg�s�aek�time rerx�appings or sim�ilar�hanges accur vtrhich reasonably might <br /> affect such de�crmination ar cer��#ica�ion. Borro�ver sha1l also b�responsible far�he payment of any fees <br /> irr�pased by the Federa�Emergency Managem�nt Agency in connection with the review af any flood zane <br /> determinati�n r�su[tin��rom an abjectior�by�orro�er, <br /> If Borrow�r faits�o mainta�n any of the co�erages de�cribed abo�e,Ler��er rr�ay obtain insurarice coverage, <br /> at Len�er's option a�d Borrower's expense. Lender is under no obligation to purchase any particu�ar type or <br /> amount of covera��. Therefore,such coverage sha��cover Lender,but might or mi�ht not pratect�orrower, <br /> Barr�weris equi�y i�.th�Property,or the cantents of the Prop��ty,against any ris1�,hazard or liability and <br /> might prov�de greater or l�sser coverage than�vas previously in effect. Borrow�r acknow�edges�hat the cost <br /> af the�nsuranc�c��era�e so Qbtained mi�ht signi�cantly exceed�he cast of insurance that Barrower cauld <br /> ha�e o�tain�d, Any amvunts disbur�ed by Lender under this Section 5 shall become a�dditianal debt of <br /> Borrower secured b�this Sec�trity Tnstrument.Thes�amaunts shal�b�ar interes�at the��te rate from�he <br /> date of�isbursement ar��sha��be payab�e,with such interest,upon natice from L�nder to Borrowe�- <br /> r�questing payment. <br /> Al�insuran�e pol�cie5 required by Lender and rene�als af such polici�s shal�be sub���t�o��nder's right to <br /> d�sappra�e such pali��es, shall include a standard mortgage clause,and shall name Lender as mar�gagee <br /> andfor as an additia�a�1Qss payee. Lender sha�l hav�th�right ta hold the policies and renewal cer��frcates. <br /> If Lend�r re�uires, �orrower�ha��pr�mptly give to Lender aii r�ceipt�of pa�d prerr�iurns and rene�va� <br /> notices. If Borro�v�r obtains any far�n of insurance co�erage,not o�herwise required by Lender, for damage <br /> �o,or destru�tion of,the Property, �uch poiicy shall include a standard mortgage clause and shal�name <br /> Lender as m�rtgagee andlor as an additionalloss payee. <br /> In the e�ent of Iass,.Borrow�r sha�l g�ve prompt notice to th�insurance carri�r and Lend�r. Lender may <br /> make proof Qf loss if not made pram�tly by Borro�ver,t]n�ess Lender and Borrower otherwise agree in <br /> writ�ng,any insurance proceeds,t�vhether or not the underlying insurance was required by Lender, shal�be <br /> applied to r�storation or repair of the Froperty, if the res�orat�on or r��air is�c�nomtcally feasib�e and <br /> Lender's s�curity is�ot l�sser��d. Dur�ng such repair and restoration period,Lender sha11 have the right ta <br /> hold such insurance pr�cceds unt��Lcnder has�ad an opportunity to ins��ct su�h Property tQ ensure th� <br /> wark has been�omp�eted to�.ender's sa�isfactiorl,pro�ided that suGh insp�ction shail be uc�dertal��n <br /> promptly. Lender may disburse proceeds for the rep�irs and restaration in a single payment or in a series of <br /> pragre�s pa��ner�ts a�the work i�complet��.Unless an agreement is made in��r�ting or Applicable Lativ <br /> requires inter�st to b�paid on such insurance proceeds,Lender shatl not be requised�o pay Borrawer any <br /> interesr or earni�ags Qn such proceeds, Fees far public adjusters,ar other third parties,retained by Borro�ver <br /> shall not�e paid out of the insurance pr�e�eds an�sha11 be the sale obligation af Borro��e�. �f th�restQration <br /> ar repair is not econt�mic�ally feas�ble Ur Lend�r'S se�:urity�ou�d be lessened,the insurance proceeds shall be <br /> applie�to the sums secured by this Security Instrumen�,�vhether ar not then du�,with the excess, xf any, <br /> paid to F3orro�er. Su�:h ins��rance praceeds shal��e appl�ed in��.e ord�r pra�ided for in Se�tian�. <br /> �f Borra�er abandon5��ie�'rope�t�,Lender may�"iie,negotiate and settle any available insuran�e claim and <br /> re�ated matters. If Borro�ver does not respand��ithin 3Q days to a notice from Lender that the insurance <br /> �arrier has pffered ta settle a claim, then Lender rnay negotiate and�ettle the��aim. The 3�-day periad w�ll <br /> �egin��rhen the notice is gi��n.In eit�e�e�ent,or if Lender acquires the Pr�per�y under Section 2�ar <br /> oth�rwis�,�orrp��v�r hereby assigns to Lend�r(a}B�rro��er's rights to any insurance proceeds in an amount <br /> not to exceed the amc�unts��np�.id under the Note or this Security Instrument,and�b}any other vf <br /> Borro�rer's�ights��ther than the right to any r�fund of t�nearned premiu�s paict by Borro�er}under all <br /> insurance pnlicies cQv�ring�he Proper�y, ��sofar as such rights are applicable to the co�erage af the <br /> Property. Lendex may u��th�insuranc;e proceeds e�ther to repair or r�store the Proper�y or ta pay amoun�s <br /> unpaid und�r th�Nvtc;or this�ecuri�y Instrumcnt,�thether or no�th.en due. <br /> hIE6RA5KA-Single Famiiy-Fanr�ie Mael�reddie Mac UNIFflRM IN5TRLIMENT W1TH MERS Form 3�2$11at <br /> 1lMP� VMPBA(NE}{1302].4� <br /> Vllo�ters Kluwer Financ�al Services Page 7 of 1� <br /> qQ336696q157 �233 518 Q717 <br />
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