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�o�io�s�� <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 <br />�,���,, <br />� <br />