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20110329G
<br />Lender may require Bonower to pay a one-time charge for a real estate tax verification a,ndlor 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, earthquakes 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 sha11 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 Bonower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone
<br />determination, certifica.tion and tracking services; or (b) a one-time charge for flood zone determination attd certification
<br />services and subse.quent 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 Bonower.
<br />If B orrower 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 pa.rticular type or amount of coverage.
<br />Therefore, such coverage sha11 cover Lender, but might or might not protect Borrower, Borrower's equity in the Property,
<br />or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than wa�
<br />previously in effect. Bortower 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 sha.11 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 andlor as an additiona.l loss
<br />payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Bortower shall promptly
<br />give to Lender a11 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 sha11 give prompt notice to the in�r�nce cartier and Lender. Lender may make proof of
<br />loss if not made promptly by Borrower. Unless Lender and Bonower otherwise agree in writing, any insurance proceeds,
<br />whether or not the underlying insurance was required by Lender, sha11 be applied to restoration or repair of the Properly,
<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 sha11 be underta.ken
<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 au agreement is made in writing or Applicable Law requires interest to be
<br />paid on such insurance proceeds, Lender sha11 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 sha11 not be paid out of the insurance proceeds and
<br />shall be the sole obligation ofBorrower. 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 Instrument, whether or not then
<br />due, with the excess, if any, paid to Borrower. Such insurance proceeds sha11 b� applied in the order provided for in
<br />Section 2.
<br />If Bonower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters.
<br />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 begin 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 />HCFG-00359
<br />NEBRASKASingle Family-Fannie MaelFreddie Mec UNIFORM INSTRUMENT Fortn 302B 1/01
<br />VMP� -
<br />Wolte�a Kluwer Rnanciel Servicea 2011042fi4.0.0.0.4002-J20100902Y Page 5 of 13
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