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201402671
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Last modified
7/20/2017 11:08:45 AM
Creation date
5/5/2014 1:14:19 PM
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DEEDS
Inst Number
201402671
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��14���71 <br /> the work has been completed to Lender's satisfaction,pro�ided tha�such inspection shal�be under�aken <br /> prompt�y.Lender may disburse proceeds for�he repairs and restoration in a single payment or in a series <br /> af pragress payments as the work is comp�eted. U�less an agreement is made�n writing or Applicable <br /> Law r�quires interest t�be paid on such insurance praceeds,L�nder shall not be required to pay Borrower <br /> any interest or earnings an such praceeds. Fees for pu�lic adjusters,or other third parties,retained by <br /> B�rrovver shall not be pai�i out of the insurance proceeds and shall be the sale obligation of Borrower. <br /> If the restoration or repair is not economically feasil�le ar Lender's security would be �essened,the <br /> insurance proceeds shall be applied to the sums secured hy this SeCurity Instrument,whether or not then <br /> due,with the excess, if any,paid to Borrower. Such insurance proceeds shall be appl ied in the order <br /> pro��ded for i n S ection 2. <br /> If Borrower aband�ns the Property, Lender may file, negotiate and settle any available insurance claim <br /> and related maiters.If B�rrower does not respond within 3�days to a n�ti�e fram Lender that the insurance <br /> carrier has offer�d to s�ttle a claim,then Lender may negotiate and settl�the claim. The 3�-day per�od <br /> will l�egin when th�notice is gi�en. In either event,or if Lender acquires the Property under Sectian 22 <br /> or otherw�se, Borrower hereby assigns to Lender�a�Borrower's rights to any�nsurance proceeds in an <br /> amount n�t to exceed the amounts unpaid under the Note or this Security Instrument,and(b}any oth�r <br /> of Borrower's rights�other than the right to any refund of unearned premiums paid by Borrower}under <br /> al1 �nsurance policies co�ering the Property, insofar as such rights are applicable to the co��rage of the <br /> PrQp�rty.Lender may use the insurance proceeds ei�her to repair or restore the Property ar ta pay amounts <br /> unpaid under the Note�r this Security�nstrument, whether or nat then due. <br /> 6. �ccu pancy. Borrower shall occupy,establish,and use the Proper�as Borrower's pr�n�ipal residence <br /> �ithin��days after the execut�on of this Security Instrument and shall con��nue to accupy the Property <br /> as Barrower's principal res�de�ce for a��east one year after the date of occupancy,un�ess Lender otherwise <br /> agrees in wr�t�ng,which consent shall not be unreasonably withheld,ar un�ess extenuating circumstances <br /> �xist which are heyand Borrower"s control. <br /> ?. Pr�servation, IiAaintenance and Protect��n �f the Property; Inspe�tians. Borrow�r shai� <br /> not destroy, damage or impair the Praper�y, allow the Property ta deteriorate or commit vvaste an the <br /> Praperty. Whether or not Barrower is residing in the Property, Borrower sha�l maintain the Property in <br /> arder to pre��nt the Proper�y from de�eriorating or decreasing in value due to its conditi�n.Unless�t�s <br /> determ�ned pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall <br /> promptly repair the Property if damag�d to a�oid further deter�aration or damage. If insurance or <br /> condemnation��roceeds are paid in conne�tion with damage to,or the tak�ng of,th�Property,Borrower <br /> shall be r�sp�nsible for repairing or restoring the Property only if Lender has released praceeds for such <br /> purposes.Lender may dishurse proceeds for the repairs and restoration in a single payment or in a ser�es <br /> of progress payments as the work is completed. If the insurance or condemnati�n pr�c�eds are not <br /> sufF'icient to repair or rest�re the Property,Borr�wer is not re�ie�ed of Borravver's o�ligat�an far the <br /> completion�f such repair or restoratian. <br /> Lender or its agent rnay make reasonahle entries upan and ins�ections of the Property.If it has reasonable <br /> cause,Lender may inspeCt the��terior�f the improvements on the Property.Lender shall give Barrovver <br /> notice at the time af or prior to such an inter�or ins�ection specifying such reasonable cause. <br /> 1195697915 <br /> NEBRASKA-Single Famify-Fannie MaefFreddie Mac�NIF�RM INSTRUMENT Fvrm 3��8 11Q� <br /> VM P� �3113 <br /> Wofters Kluwer Financial Services 2D14�4184.1.�.2529-J20�3D828Y Initials: Page 7 af 17 <br /> *H L�11955979161123* <br />
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