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201402777
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Last modified
7/20/2017 11:12:11 AM
Creation date
5/12/2014 9:51:17 AM
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DEEDS
Inst Number
201402777
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��14��777 <br /> A�� �nsurance pol�c�es r�quired by L�nder and renevwa�s of such po��c�es shali �e sub�e�t to Lender's righ�to <br /> disappro��such po�i��es, sha�i inc�ud�a standard mortgage clause, and shall na�n� Ler�d�r as mor��agee <br /> andlor as an add��iona� loss paye�. Lender sha�I have�h�r�ght ta ho�d�he p�iic�es and renewal cer��fica�es. �f <br /> Lender r�qu�res, Borrower sha11 pramptly give�Q Lender a�� receipts of paid premuums and renev�al no�ices, <br /> Yf Borr�v�rer ob�a�ns any form of insurance caverag�, no�oth�rwise requ�r�d by Lender, f�r damage�o, or <br /> des�ruct�on of, �he Proper�y, such p��ic� sha�l includ�a s�andard mor�gage claus�and shall name Lender as <br /> mar�gagee andlor as an add����nal �oss payee. <br /> �n the e�en�of lass, Borro�ver shal�g�ve prompt natice ta the�nsurance carr��r and Lender. Lender may <br /> make proof of Ioss if no�made prom.p��y by Borrflwer. LJn�ess L.Cnder and BorrQ�er other�vise agre��n <br /> v��iting, any insuranc��roceeds, whe�her or n�t the und�rl�rin� �nsurance was re�uired h�r Lender, s�a�l be <br /> appl�ed to restorat�on or r�pair af�he Proper�y, �f�he res�ora�xon or repair is e��namical�y feas�hle and <br /> L.ender's s�curi��is not Iessened. During such repaxr and res�oration periad, Lender shai�ha�e the righ��� <br /> hald such insurance proceeds unt�l Lender has had an�ppar�unity to�nspec�such Pr�per���o ensur��he <br /> v�rork has been compl�te�to L.ender's sa�isfae�i�n, pra��ded that suc�xnspection sha��be undertaken <br /> pr�mptly. Lender ma�r d�sburse proceeds for�he repa�rs and res��ra�i�n�n a sin��e pa�rment or�n a ser�es of <br /> progress payments as�he wark�s c�mp�e�ed. Un�ess an agreement is made�n vsrriting or A�plicab�e Law <br /> requires �n�eres����e paid t�n such insuranc�proceeds, Lender sha��not be required to pay Borrower any <br /> �nt�rest ar earnings on such proceeds. Fees for pub�xc adjus�ers, or oth�r th�rd par��es, r��aine�by Bo�rower <br /> sha��n�t be paid out af�he �nsurance proceeds and sha��be�he sole ob�igat�on of Borrovv�r. �f the restoration <br /> ar repair is not ec�namica��y feasihle or L�nd�r's se�ur��y�vfluxd be lessened, the insurance proceeds sha�i be <br /> app�ied ta the sums secured by this �e�ur��.y�ns�rum�nt, vwhe��er or n�t then due, with�he e�cess, if any, <br /> pa�d�o Borr�wer. Such insurance proceeds sha�I b�appl�ed�n�he�rder pravided for�n Sec�xon�. <br /> � �f Borrow�r aband�ns the Proper�y, Lender may f�i�, negot�a�e and settle any available�nsurance c�aim and <br /> reia�ed mat�ers. If Borrov�er da�s not resp�nd wi�h�n 3��a�s to a no�ice frorr�Lender tha��h�insurance <br /> carr�er has offer�d�o s�ttle a c�aim, �hen Ilender ma�nego�iate and set�le th�claim. The 3�-day period will <br /> begin v�hen the no�ic��s g��en. �n�z�her even�, or if Lender acquires��e Prop�r�y under Sec�ion��or <br /> o�hervv�se, Borrower hereby assigns�o �..,�nder�a} Borrower's r�ghts t� any xnsurance proceeds in an amoun� <br /> not�o ex�eed the amounts unpaid under�he No�e or th�s Security �ns�rumen�, and �b} any other of <br /> Borrawer's rig��s (a�her�han�h�r�ght tn an�refund�f unearned prem�ums pa�d by Borrawer}under a1x <br /> �nsurance po�icies�overing�he Praper�y, �ns�far as such r�gh�s are appiicable�o��.e co��rage of�he <br /> Property. Lender may use the insurance pro�eeds��ther to repa�r or restore th�Pr�per�y or to pay amounts <br /> unpa�d under�h�No�e�r this Securi�y�nstrum�n�., whe��er or no��hen du�. <br /> �. �c�upancy. B�rr�v�rer sha�1 oc�upy, es�ab��sh, and use�he Praper�y as Barrower's principal res�den�e <br /> within 60 days aft�r the execu�ian of�h�s Secur�ty Instruz�nen�and �hal�continue to occupy the Proper�y as <br /> Borrower's pr�ncipal r�sidence for at i�ast ane year af�er the date of oc�upancy, un��ss I.�nder o�herwise <br /> agrees in v�riting, which con�ent shall nat be unreas�nably wi�hhe�d, ar unle�s ext�nua�in�c�rcumstan�es <br /> exis�which are be�ond Borrower's c�n�ro�. <br /> 7. Pres�r�ation, tU�a�ntenance and Pratectian of the Property; lnspectians. Borrawer�hali not destrfl�, <br /> damage ar impa�r the Proper�y, a��ow�he Praper�y�a de�erxorate or ca�rnmit was�e on th�Praper�y. V�he�her <br /> �r na�Borrov�er�s r�siding�n�he Proper�y, Borrov��r shali ma�ntain the Proper�� in order to pre�ent the <br /> �'roper�y frnm deteriora��ng or d�reas�ng in va�ue due�o its cvnd��ion. Unl�ss it is d�termin�d pursuan�to <br /> Sect�on 5 tha�r�pair or restora��on�s not ecanomica��y feas�bie, Borrower sha��promp��y repa�r the Proper�y <br /> if dama�ed to a�oid further deterioration�r damage. �f�nsurance or condemna�ion proceeds are paid�n <br /> connec�ian w�th.dama�e�o, or�he tak�ng�f, the Praper��r, Barrower shail be responsible for repairing�r <br /> res�ar�ng�he Prop�r�y only if I.ender has rel�ased proceeds for su�h purpos�s. Len�er may dxsburs�proceeds <br /> NEBRAS�CA-5ingte Family-Fannie MaelFredd€e Ma�UNtFORM tNSTRUM�NT �orm 3028 110't <br /> VMP Q VMPfi�N��(13q2} <br /> Walters Kluwer Financial 5er�ices P�9��o'�'�� <br />
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