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201907 X09 <br />Doc ID #: xxxxxxxxx959 <br />which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in <br />this Section 4. <br />Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting <br />service used by Lender in connection with this Loan. <br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the <br />Property insured against loss by fire, hazards included within the term "extended coverage," and any other <br />hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This <br />insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender <br />requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The <br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove <br />Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in <br />connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking <br />services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges <br />each time remappings or similar changes occur which reasonably might affect such determination or <br />certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency <br />Management Agency in connection with the review of any flood zone determination resulting from an objection <br />by Borrower. <br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance <br />coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular <br />type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect <br />Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability <br />and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost <br />of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have <br />obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower <br />secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of <br />disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's <br />right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee <br />and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If <br />Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If <br />Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or <br />destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as <br />mortgagee and/or as an additional loss payee. <br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may <br />make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, <br />any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to <br />restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is <br />not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance <br />proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to <br />Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. <br />Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance <br />proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public <br />adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be <br />the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security <br />NEBRASKA --Single Family-- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />NEBRASKA DEED OF TRUST (SIDOT.NE ) <br />338.40 (05/19) Page 6 of 15 <br />i <br />illi <br />'1 <br />11 I <br />1111111111 <br />ium <br />Form 3028 1/01 <br />BANK OF AMERICA N A. <br />11111111 <br />IIII <br />