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<br />satisfactory to Lender subordinating the lien to this Security Instnxment If Lender determines that any part of the Property
<br />is subject to a lien which can attainpriority over this Security Instrument, Lender may give Borrower a notice identifying
<br />the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of
<br />the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by
<br />Lender in connection with this Loan.
<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 term "extended coverage," and any other hazards including, but
<br />not limited to, earthqua.kes and floods, for which Lender requires insurance. This insurance shall be maintained in the
<br />amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the
<br />preceding sentences can change during the term of the Loan The insurance carrier providing the insurance shall be chosen
<br />by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />Lender may require Borrower to pay, in connection with tlus Loan, either: (a) a one-time charge for flood zone
<br />determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification
<br />services and subsequent charges each time remappings or similar changes occur which reasonably might affect such
<br />determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal
<br />Emergency Management Agency in connection with the review of any flood zone determination resulting from an
<br />objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's
<br />option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage.
<br />Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Properiy,
<br />or the contents of the Properiy, against any risk, hazard or liability and might provide greater or lesser coverage than was
<br />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 Section 5
<br />shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the
<br />Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower
<br />requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove
<br />such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss
<br />payee. Lender sha11 have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly
<br />give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage,
<br />not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard
<br />mortgage clause and shall name Lender as mortgagee andlor as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance cartier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property,
<br />if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration
<br />period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such
<br />Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken
<br />promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress
<br />payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be
<br />paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds.
<br />Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and
<br />shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would
<br />be lessened, the insurance proceeds sha.11 be applied to the sums secured by this Security Instntment, whether or not then
<br />due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in
<br />Section 2.
<br />HCFG-00359
<br />NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />VMP�
<br />Wolters KluwerFinancial5ervices 201104084.0.0.0.4002J20100902Y
<br />Form 3028 1/01
<br />Page 5 of 13
<br />61
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