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200508965
<br />Lender may require Borrower to pay a one -time charge for a real estate tax verification aud/or reporting service used
<br />by Lender in connection with this Loan. j
<br />5. Property insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the terra "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender requires insurance_ This insurance shall be maintained in th amounts
<br />(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the I Preceding
<br />sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be c iosen by
<br />Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised u rneasonabl .Lender
<br />may require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone deter tion,
<br />certification and tracking services; or (b) a one -time charge for flood zone determination and certification se ices and
<br />subsequent charges each time remappings or similar changes occur which reasonably might affect such deterin nation or
<br />certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal E nergency
<br />Management Agency in connection with the review of any flood zone determination resulting from an obj wtion by
<br />Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of
<br />coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the
<br />Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage
<br />than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly
<br />exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Secti n S shall
<br />become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the INote rate
<br />from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
<br />payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender' right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Porrower
<br />shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance
<br />coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall !include a
<br />standard mortgage clause and shall name Lender as 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 *0 proof
<br />of loss if not made promptly by Borrower. Unless Leader and Borrower otherwise agree in writing, any insurance jproceeds,
<br />whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if
<br />the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and *storation
<br />period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to ' ct such
<br />Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be dertaken
<br />promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series o progress
<br />payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid
<br />on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceedsi Fees for
<br />public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the
<br />sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would b lessened,
<br />the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then du�, with the
<br />excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Borrower abandons the Property, Leader may file, negotiate and settle any available insurance claim and related
<br />matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a
<br />claim, then Lender may negotiate and settle the claim. The 30-day period will begins when the notice is given In either
<br />event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's
<br />rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security I istrument,
<br />and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower i under all
<br />Loan No: 121760344 Initials: sL- , d�L-
<br />Nebraska Deed of Trust - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT MFRS Modified Forn 13028 01101
<br />ConrnuANce SouRcs, iNc, Page 6 of 13 iaaNE awn
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