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<br /> 5. Property Insurance. BorravWer shall keep the impro�ements now e�isti.ng or hereafter erected on the
<br /> Property insured against 1�ss by fre, hazards �ncluded with�n�he term "extendec� co�erage," and any a�her hazards
<br /> �nc�ud3ng, but no��imited�o, earthqua�es and floods, for which Lender requires�nsurance. Th�s i.nsurance shall be
<br /> maintained in the amounts �including deductible lev�ls� and for �he perx�ds th�� Lender requir�s. What Lender
<br /> requires pursuant to the pre�eding sentences can change during the term of the Loan. The insurance�arrier pro�iding
<br /> �he insurance sha�l be chosen by Barrawer su�jec�tv Lender's right t�disappra�e Borrower's chaice,which right sha11
<br /> n�t be exercised unreasonably. Lender may require Borr�wer to pay, in c�nn�ction with this Loan, either: �a�a one-
<br /> time charge for fl�od zone determination, certification and trackiYag ser�ices;or�b}a ane-time charge for f�oad zone
<br /> determination and certif cation s�r�ices and subsequent charges each��me remappi�gs or si_mi�ar�hanges occur which
<br /> reasonably rnight affect such determination or certif cation. Borrower shal�also be resp�nsible for the payment vf
<br /> any fees impased by the Federa� Emergency Management Agency in c�nnection�vWith the re�iew af any flood zone
<br /> de�ermi.nation.resulting from an�bj e�t�on by Bnrr�wer. �
<br /> If Borrower fails to main�ain any of the co�erages described abo�e, Lender may obta�n insurance ca�erage,�at
<br /> Lender's aptivn and BarravWer's expense. Lender is under no obligation to purchase any particular type or amount
<br /> of co�erage. Therefare, such coverage shal� co�er Lender, but might or might no�pra�ec�Borrower, Borrower's
<br /> equity in the Property, vr the contents of the Property, against any r�sk, hazard or liabilit}r and migh�pro�ide greater
<br /> or lesser co�erage than was pre�iously in effect. Borrower ackn�wledges that the cost of the insurance co��rage so
<br /> obta�ned might significantly exceed the costi of insurance�hat Borrower could have obtained. Any amounts disbursed
<br /> by L�nder under this Sec�ion 5 shall be�ame additianal debt af Borrv�er secured�y this Security Instrument. These
<br /> amounts shall bear in�erest at the Note rate fr�m the da�e of disbursement and sha11 �e payable, with su�h interes�,
<br /> upon not�ce from Lender to Borrower requesting payment.
<br /> Al� insurance pol�cies required by Lender and renewals of such po�icies shall be subject to Lender's right to
<br /> disappro�e such pol�cies, shal�include a standard mortgage clause, and shall name Lender as mortgagee andlor as an
<br /> additional Ioss payee. Lender shall ha�e the righ�to hold the policies and renewal certif cates. If Lender requires,
<br /> Borrawer sha11 prompt�y gi�e to Lender a11 receipts of paid premiums and renewai no�ices. If Borrower obtains any
<br /> form of insurance co�erage, no�o�herwise re�ui.red by Lender, f�r damage to, or destruction of, the Proper�y, such
<br /> pol�cy sha11 include a standard mortgage clause and sha�l name Lender as morti�agee andlar as an additional �oss
<br /> payee. .
<br /> �n the e�en�of 1oss, Barrawer shall gi�e prompt notice to the insurance car�ier and Lender. Lender may make
<br /> praof vf loss if not made promptly by Barrower. Unless Lend�r and Borrower otherwise agree in writing, any
<br /> insurance pr�ceeds, whether or nat the underiy�ng insurance was r�quired by Lender, shall be appl�ed to res�aratian
<br /> ar repair af the Property, if�he res�oration or repai.r is ecanomically feasible and Lender's security is not lessened.
<br /> During such repa�r and restaration period, Lender sha1�ha�e the right to hald such�nsurance proceeds un�il Lender
<br /> has had an opportun��y to inspec� such Proper�y to ensure the work has been completed to Lender's sat�sfaction,
<br /> pro�ided tha� such inspection shall be undertaken pramptly. Lender may disburse proceeds for the repairs and
<br /> restoration in a single paymen�ar in a ser��s of pragress payments as�he vWark �s cornpleted. Unless an agreement
<br /> is made in writing or Applica�le Law re9uires interest to be paid an such insurance proceeds, Lender shall not be
<br /> reyuired�o pay BvrrovWer any�nterest or earnings�n such praceeds. Fe�s for publ�c adjusters, or ather�hird par�ies,
<br /> retained by BorrovWer shall not be paid out of�he insurance praceeds and shali be the sole obliga�ion of Borrower.
<br /> �f�he restoration ar repair is not economicaliy feasible ar Lender's secur�ty vWou�d be lessened,�he insurance proceeds
<br /> sha11 be app�ied to the sums secured by this Security Instrumen�, whether�r not�hen due,with the excess, if any,paid �
<br /> tio Borrawer. Such �nsurance praceeds shall be appli�d in the order provided for in Section 2.
<br /> If Borrov�er abandans the Property, Lender may f le, negotiate and settle any availab�e insurance claim and
<br /> related matters. �f Burrower daes not respond v►�ithin 3� days t�a notice from Lender that the insurance carrier has
<br /> offered to settle a claim, then Lender may negotia�e and settle the claim. The 30-day period vvill begin when �he �
<br /> no�ice�s given. In ei�her e�ent, �r if Lender acquires the Property under Se�tion 2� or otherwise, Borrower hereby
<br /> assxgns �o Lender�a} Borrower's rights to any insuran�� proceeds in an amount no�to exceed the amounts unpaid
<br /> under the Note nr th�s Security Instrument, and�b}any other of B�rrovWer's rights�other than�he right to any refund
<br /> of unearned premiums paid by Borrower}under ali insurance policies c��ering the Praperty, insofar as such rights
<br /> NEBRASKA-Sing�e Family-UNiFORM �NSTRUMENT DocJlRaglc
<br /> Ni�DI F�ED F�R �EPARTMENT �F V ETERANS AFFAI R5 - MERS www.docmagi�.com
<br /> �Rev. 110�} Page � of �4
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