201702250 - Laserfiche WebLink

Browse

2� 17�225� ser�ices and subsequent charges each time remappings or s�milar changes occur which reasonably migh� affect such determination�r c�rtif�cation. Bonower sha11 a�so be respo�sible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described abo�e,Lender may obtain�nsu.rance caverage, at Lender's optioa and Borrower's expense. Lender is under no ob�igat�on tp purchase any particular type or amount nf coverage.Therefore,such coverage sball cover I�ender,but might or might not protect Bonower, Borrower's equity in the Property,or the contents o#'the Property,against any risk,hazard or iiabi��ty and might pro�ide greater or lesser coverage than was previousiy in effect. Borrower acknowledges that the cos� of the insurance coverage so obtained rn�ght sign�f�cantly exceed the cost of insurance that Borrower could have oUtained.Any amounts disbursed by Lender under this Sect�on S shall become additional debt of Borrower secured by th�s Security Instrument.These amounts shal�bear interest at the Note rate from the date of disbursement and sha�I be payable,with such interest,upon notice from Lender to B�rrower requesting payment. A11 insurance po�icies required by Lender and renewals of such policies sha11 be sub�ect to Lender's right to disappro�e such policies,sha�1 include a standard mortgage clause,and shall name Lender as mortgagee andlor as an additiona�loss payee.Lender shall have the right to hold the policies and renewal certif�cates. If Lender requires,Borrower shall prompt�y gi�e to Lender ail receipts of paid premiums and renewal notices.If Borrovver obtains any form of irisurance co�era.ge,not other�vise required by Lender, for damage t4,or destruction of,the Property,such policy sba11 include a standard mortgage clause and sha11 name Leader as mortgagee andlor as an additiona� loss payee. �n the even�of 1oss,Borrower sha11 gi�e prompt notice to the insurance carrier and Lender. Lender may make proof of�ass if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing,any insurance pro�eeds,whet�aer or not the underlying insurance was requ ired by Lenc�er,shall be applied to restoration or repair of the Praperty, i f the restoration or repair i s economically feasible and Lender's security is not lessened. Dur�ng such repair and restaratian period,�ender shall have the right to hold such insuranc�proceeds until Lender has had an opportunity to inspect such Praperty to ensure the work has been completed to Lender's sa.tisfaction,provided that such inspection shall be undertaken . promptly. Lender may disburse proceeds for the repairs and restorat�on in a single pa�ment or in a series of progress payments as the work is completed. Unless an agreement is made in vvriting or Applicable La�r requires�nterest to be paid on such insurance proceeds,Lender shall not be requued to pay Borro�ver any interest or earnings on such proceeds.Fees for public adjusters,or other third part�es,retained by Borrower shall not be paid out of the insurance proceeds and sha11 be the sole obligation of Borrovver. If the restoration or repau is not economically feasible or Lender's security would be lessened,the insurance proceeds sha11 be applied ta the sums secured by this Security Instrument,whether or not then due,with the excess, if any, paid to Borrower. Such insurance proceeds sha11 be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file,negot�ate and se�tle any a�ailable insurance claim and related matters. If Borrawer does not respond within 3�days to a notice from Lender that the insurance carrier has offered to settle a c�aim,then Lender may negotiate and settle the claim. The 3�-day period vvili begin when the notice is given. In either even�t,or if Lender acquues the Property under Section 22 or � otherwise,Borrow�r hereby assigns to Lender(a)Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument,and(b)any other of Borrower's right��other than the right to any refund of uneacned premiums paid by Borra�ver)under all insuran.ce policies covering the Property, insofar as such rights are app�icab�e to the co�erage of the Pr�perty. Lender may use the iusuranc�proceeds ei�her to repair or restore the Properry or to pay amounts unpaid under the Note or this Security Instrument,whether or not then due. NEBRASKA-Single Family-Fannie MaelFreddie Mac LINlFQRM INSTRUMENT WITH MERS Form 342811�� VMP� VMP6A(NE]�13d2).OQ Walters 1{luwer Financial Services Page 7 of 1? q4337392G312 �z33 583 �?1?