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201702722
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Last modified
7/28/2017 3:42:11 PM
Creation date
4/27/2017 10:56:35 AM
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DEEDS
Inst Number
201702722
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2� 1 7�2 72 2 <br /> services and subsequent�harges each time r�mappings or similar�hanges occur which reasona�ly might <br /> aff�ct such determi�ation or certificat�on,Borrower shall also be responsible fflr the pa�n�ent of an}��ees <br /> irr�pose�by the Federal Enr�ergency Managemen�Agency in cfln.necti�n with the review of any flo�d zane <br /> determination result�ng fsQm an objection by Borrower. <br /> if Borra�er f�ils to maintain any of the co�erages described above,Lender may obtain in.surance coverage, <br /> at Lender's option and Borrower's expense.Lender is under na obtigation to purehase any particular type or <br /> amount of coverage. Therefor�, su�h coverage shall ca��r Lender,but might ar might nat protect Barrower, <br /> Borrawer's equity in the Property,or the�ontents of the Property,against any risk,hazard or liability and <br /> might pra�ide gr�at�r ar less�r�overage than was previously in effe�t. Borrovver aekno�viedges that the cost <br /> of the insurance ca�erage so obta.ined might significantly exceed the cost of insurance that Borrower cou�d <br /> ha�e ob�ained.Any am�unts disbursed by Lender under this 5ection 5 shall became additional debt of <br /> Borrower se�ured by this Security Instrument. T�ese amounts shall bear interest at the Note rate from the <br /> date of disbursement and�ha1l be payable,with such interest,upon notice frorn Lender ta Borrotiver <br /> requesting p�yment. <br /> A11 insu.ranc�polxcies r�quired by Lender and renewals of such palicies shall��subje�t ta L�nder's r�ght t� <br /> disappro�e such p�licies, sha11 include a standard mortgage�lause,and�ha�l name Lender as mor�gagee <br /> andlor as an additional�oss payee. Lend�r sha11 ha�e th�righ�ta hold t�he policies and re�ewal c�rtificates. <br /> If'Lender requires,Borrow�r shall prornptl3r g�ve to Lender a1t re�eipts of paid premiurns and renewal <br /> notices. If Borrower abtains any farm of insurance coverage,not other4vise required by Lender,for damage <br /> ta,ar destruction of,the Property, such p�licy�ha1�in�iude a standard mortgage�lause and shali name <br /> Lender as mortgagee andlor as an additional lo�s payee. <br /> I❑the e�vent of loss,Borrower shall give prampt notice to the insuranc�carrie�'and Lender. Lender rnay <br /> mal�e proof af lass if not mad�promptly by Barro�rer.Unless Lender and BQrrower otherwise agree in <br /> writing,any in�urance proceeds,�uhether or not the underlying insurance was required by Lender,shal�be <br /> applied�a restoratian or repair of th�Property, if the restoration or repair is economica�ly feasib�e and <br /> Lender's security is n�t lessened. During such repair and restoratian period,Lender shall have the right ta <br /> h�1d su�h in�urance proceeds unti�Lender has had an opportunity to in�p�ct�uch Prop�rty to�a�ur�the <br /> w�rk has been�ompl�ted ta Lender's satisfact�on,pro�ided that such inspe�tion shall be undertaken <br /> promptly.Lend€er may disburse praceed�for the repairs and rest�ra�ian in a s�ngle payment or i�a series af <br /> progress payrnents as the wark is completed.Un1es�an agreement is rnade in wr�ting or Applicable La�v <br /> requir�s in�erest ta be paid on such insurance praGeeds,�en�er sh�.Il n�t be required t�pay Barr�v�rer a�y <br /> interest ar earnings on such proceeds. Fees for public adjusters,or o�her third parties,retained by Borrower <br /> sha�l not b�paid��t of the�nsurance proceeds an�s�all be the sole obligation of Borrower.�f�he restaration <br /> or repau is nat econamically feasible or L�nder's security�ou1d be le�sened,the in�urance proceeds sha�l be <br /> applied to the sums secured by this�ecurity Instrument,whether or not then due,with the e�cess, if any, <br /> paid to Barro�ver, Such ir�surance proceeds shai�be applied in t�e arder provided for in Section 2. <br /> If Borrower abandons the Property,Lender may fi�e,negotiate and settle any availa�le insurance clar�n and <br /> related matters. If�orro�ver does nflt respor�d tivithin 3�days tQ a notice from Lend�r that the insuran�e <br /> carrier has affered ta sett�e a clairn,then Lender may negotiate and settle the cla.im.The 3Q-day peria�wil� <br /> hegin tivhen the notice is gi�en, �n ei�ther event,or if Lender acquires the Property under Sectian 22 or <br /> ��herwise�Borrovver hereby assigns to L�nder(a)$orrower's rights to aay insurance praceeds in an amoun� <br /> not to exceed the amounts unpai�under the N�te or this Security Instrument,and�b}any other of <br /> Borrower's rights�ather than the right to any refund of unearned premiums paid by Borro�ver)under a11 <br /> insuran�e poliGies cavering the Pr�perty,in�ofar as such rights are a�plicable to th�coverage of the <br /> Praperty.Lender may us�the insuran�ce proceeds either to repair or restore the�'roperty or ta pay ampunts <br /> unpaid under the Na�e ar this Security Instrument,whe�her or n�t then due. <br /> I��BRASKA,Sir�1�Family-Fanr�ie MaelFreddie Mac�NIFaFiM tNSTRLIMENT WiTH MERS Form 3028 1101 <br /> VMP� VMP6A(NE)413a2}.4(} <br /> Wofters I[I�rwer Fir�anclal Senr�ces Page?of 17 <br /> q 337497�27� 0�33 347 0717 <br />
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