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201207200
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Last modified
7/20/2017 9:48:39 AM
Creation date
8/29/2012 12:18:14 PM
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DEEDS
Inst Number
201207200
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201207200 <br /> work hes been complehed m I.ende�'s satlsfaction, provided �t ench in9pectlon shell be mderlaken <br /> prompHy. Lender may clisbm�e proceeds for the repairs and resborahlon in a afngle payme�or in a serlea <br /> of progress payme�s as tl�work is completed Unless en ag�ement is made in wriling or Applicable I.aw <br /> ceqniies�tu6eenest to be peid on sncL inqmance proceede, Lender ahall not be ieqmned tn pay Boriuwer aay <br /> iaberest or earni�e on such pioceeds. Fees For pablic adjnsbeis, or other ibdrd pattiies, �ehained by <br /> Borruwer shell not be paoid ort of the insa�ar►ce proceeds and shall be tbe eole obligaflon of Borrower. �f <br /> the ieslo�ahion or�epair is not econo�celly fessible or Lender's secmity woald be lessened, the ing�uance <br /> proceeds slmll be applied to the s�s aecuied by this Secm�tty In4Ur�nent, whether or not then dne, wiW <br /> Hie ezcesa, ii any, pa�id to Boriower. Snch i�m�ance proceeds shall be epplied in the onler provided for in <br /> Secflon 2. <br /> If Bor�ower ebendo� the Ruperty, Lender may file, negohiate �nd seiHe azry availa6le incmance <br /> cl�m and zelated m�beis. If Bormwer does not iespond witl�in 30 days ho a notice fiom Lender tl�at ffie <br /> invnrence cerrier hes offezed to setHe a claim, tLen Lender may negotiate and seffie the claim. The 30-day <br /> perIod w7ll begin when the notice is given Tn eifLer evert, or if Lender acq�iee d�e Properly �der <br /> SecHon 22 or oUie�wise, Borrower Le�eby esai�s to I.ender (a) Boriowei"s righfs to any ingmance <br /> proceed.v in an amo�t not to eaceed tlie amo�s �paid�der tLe Note or this 5ecmity Instrame�, and <br /> (b) any other of Borrower's dghls (otLer then the dght to a� ief�d of �earned p�minms peid by <br /> Borrower) �der all insmance policies covering fhe Properiy, insofar as auch rilghls are applicable lo the <br /> coverage of the P�operiy. Lender may use the insivance proceeds either to repeir or restoze the Pivperly or <br /> to pay amo�ls�paid mder fhe Note or tlds Secmity Inatr�►e�, whefher or not then dne. <br /> 6. Occapancy. Borcower shall occupy, establish, nnd nse fhe Properiy es Botnuwer's principal <br /> reaidence witlrin 60 days afLer fhe exec�ion of t�is Secmity 7n4tr�e�and shell co�inne 1n occ�y tl� <br /> Properiy es Bor�owei's principal �esidence for at least ane year after the date of occu�ncy, �less Lender <br /> a�erwise agiees in wrlfIng, wMch conse� shall not be unneasonably wifhheld, or �lese eatenaahing <br /> ci�m�stgnces e�st wLich are beyond Borrower's conhroL <br /> 7. PreservaHon, Maiontenance and ProtecNon of the Prop�rty; Imspecblons. Boriuwer slmll not <br /> deshoy, dama�e or impeiir the Pcoperiy, allow t�e ProperLy to detedorete or commit waste on Hie <br /> Pivperly. Whether or not Bor�ower is residing in the Pioperty, Borrower shall mai�in fhe Propeily in <br /> oider to prevei►t fiie Peoperly fcom de6eriotahiig or decieasing in value dne bo i� concliLlon Unless it is <br /> de�rmined pmsuant io Seciion 5 that �p�r or iestoxa4on is not econo�lcally feasible, Boaiower shaR <br /> pmmpUy rep�ir Uie Properiy if damaged to avoid fmther de�do�don or damage. If insmance or <br /> condemnahlon pioceeds aze pmld in conneclion with damage to, or the h�ldng of, Hie Pcopeiiy, Borrower <br /> sheII be �sponsible for zepelring or restming �e Properiy only if Lender has ieleased pioceeds for auch <br /> pm�poses. Lender may disbm�e proceeds for t�e repxirs and�esboaabion in a single payme�or in a series of <br /> pcogiess pay��s as the work is compleled. If tlie insmance or conde�on proceeds aie not s�fficient <br /> to iepeir or�t+oie the Propeiiy, Boinower is not�+elieved of Borcower's obligaHon for fhe comple4on of <br /> snch�pair or iest+o�on. <br /> Lender or iha age� may wake neaeonable e�ies apoa and i�pections of tLe Properly. If it has <br /> =cesoneble cause, L.ender may inspect H�e inherior of Ure improveme�s on the PiopeRy. I.ender shall give <br /> Borrower noHce at the lime of ar prior to sach an intezior inspectlon specifying such ceasonable cause. <br /> S. Borrower's Lo�an Appli�l3o� Borrower shall be in defenit if, dming the Lo�n epplicaHon <br /> process, Borcower or er►y peisom or er�dties acting at f�e direcflon oi Borrower or with Bor�ower's <br /> lmowledge or consert gave maleriaDy felse, misleadiLg, or inaccmate info�matlon or stafemeals bo L.ender <br /> (or failed to p�ovitde I.ender with m�8eiial i�ormaflon) in conneclion wifh Hie Loao. Material <br /> �prese�fions fnclnde, b� are not limtted to, iepiesentatio� concerniLg Borrowe�'s accupancy of Uie <br /> Properiy�Borrowe�s principel ieaidence. <br /> 85161298 0085473585 <br /> PIEBRASKA-Single Family-Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WIT�M�S <br /> �-6A(N��oe�a� aego�ot�s imxm�c Form 3028 '1/01 <br />
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