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200205587
<br />that notice in given, Borrower shall satisfy the Iion or take one or more of the actions set forth above in this Section
<br />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 Leader in connection with this Loan.
<br />5. Properly Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards include(] within the term "extended coverage;' and any other hazards
<br />including but not limited to, earthquakes and mods, for which Lender requires insurance. This insurance shall be
<br />maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the Leon of The Loan. The insurance carrier
<br />providing the insurance shall be chosen by Burrower subject to Lender's right to disapprove Borrower's choice,
<br />which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan,
<br />either: (a) a one -time charge for flood zone determination, certification and tracking services; or (b) a one -time
<br />charge for Flood one determination and certification services and subsequent charges each time remappirl or
<br />similar changes occur which reasonably might affect such determination or certification_ Borrower shall also be
<br />responsible for the payment of any fees imposed by the federal Emergency Management Agency in connection
<br />with the review ofany flood zone determination Lost, Lim,, from an objection by Burrower.
<br />If Borrower fails Ln maintain any ofthe coverages described above, Leader may obtain insurance coverage,
<br />at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might nut protect Borrower. Borrower's
<br />equity in the Property, or the contents ofthe Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Borrower acknowledges that the cost ofthe insurance coverage so
<br />obtained might significantly exceed the cost of insurance that Borrower could have obtained_ Any amounts
<br />disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security
<br />Instrument. 'These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable,
<br />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 right
<br />to disapprove such pobcies, shall include a standard mortgage clause, and shall name Lender as mortgagee and /or as
<br />an add iLocal less payee. Lender shall have the right to hold the politics and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and soowaI notices. If Borrower obtains any
<br />tern of insurance coverage, not otherwise required by Lender, for dunage m, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall name Lender as mortgagee and /or as an additional loss
<br />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 any
<br />insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to resolution
<br />or repair ofthe Property, if the restoration or repair is ceonomically feasible and Lender's security is not lessened.
<br />During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender
<br />has had an opportunity to inspcnt such Property to ensure the work has been completed to Lender's satisfaction,
<br />provided that such inspection shall he undertaken promptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of progress payments as the work is completed Unless an agreement is
<br />made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Tender shall not be
<br />required to pay Borrower any interest or earnings on such proceeds_ Fees for public adjusters, or other third parties,
<br />retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If
<br />the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds
<br />shall be applied to the suns secured by this Security Instrument, whether or not [hen due, with the excess, if any,
<br />paid to Burrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and
<br />related rouhers. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may negotiate and settle the claim. The 30 -day period will begin when the
<br />notice is given fn either event, or if Leader acquires the Property under Section 22 or otherwise, Borrower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Security Imstru lent, and (b) any otter of Borrower's rights (other than the right to any refund
<br />of unearned premiums paid by Burrower) under all insurance policies covering the Properly, insofar as such rights
<br />NFRRASKA —single YandlY— Fannie y1i'4 sddie pine UNIFORNI INSTRUMENT Lbrm30281/01
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