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201404810
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Last modified
7/20/2017 8:14:32 PM
Creation date
8/4/2014 2:59:39 PM
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DEEDS
Inst Number
201404810
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��14�451� <br /> the work has been completed ta Lender's satisfactian, pro�ided�ha�such insp�ctian shall be undertaken <br /> pr�mptly. Lender may disburse proeeeds for the repairs and re�taration in�.singie paymen�or in a ser�es <br /> �f progress payments as the w�rk is completed. Unless an agreement�s ma�e in vvri��ng or Appli�able <br />� Law requires�nterest to be paid�n such insurance proceeds,Len�er sha��n�t be req�ired ta�ay Borro�e� <br /> any interest or earnings on such proceeds. Fees f�r public adjusters, or ather th�rd parties, retained by <br /> Borrower shal� not be paid out af�he insurance praceeds and shall be the sa�e obligation of B�rrower, <br /> If the r�st�rati�n�or repa�r�is nat ecanomiGa�ly feasible or Lend�r�s security vvould be lessened,the <br /> �nsurance praCeeds shall be app�ied to the sums se�ur�d by Chis Security Instrument,�uhether ar not then <br /> due, with the�xcess, if any, paid�o Borrower. Such insurance proceeds sha�1 be appl��d in the order <br /> pravid�d for�n Se�tion Z. <br /> � <br /> � <br /> If Sorrower abandons the Pr�perty, Lender may file, negatiate and sett�e any available insurance claim <br /> and related matters.I��orrQ�er do�s n�t respand vv�thin 34 days tfl a r�otice from Lend�r that the insuranc� ' <br /> carrier has of�'ered to settle a claim,then Lender may negotiate and sett�e the claim. The 3�-day per�od � <br /> vv��l be�in when the notice is gi�en. In eith�r event, or�f Lender ac�uires the Proper�y under Section Z2 <br />� or otherwise, �arrow�r hereby assigns to Lender�a}B�rrawer's rights to any insurance proceeds �n an <br /> amount not to exceed the amounts unpaid und�r the N�te or this Security Ir�strument, and�b�any other <br />� of Borrovver's rights(ather than the right to any refund of unearned premiums paid by Borr�vver}under <br />� all insurance po�ic�es co�er�ng the Property, insofar as such rights are app�icab�e to�he co�erage af the <br />, Proper�y.L�nder may use the insur�ance pr�ce�ds either ta repair or restc�re the Property�r ta pay arnoun�s <br /> unpa�d under the No�e ar this Security Instrument,�vhethe�or nat then due. <br /> �. C]��upan�y. Borrower shall�ccupy,estab�ish,and use the Froperty as Borr�wer's principal residenc� <br />� vvithin d�days after the execut�an af this Security �nstrument and shall continue ta�ccupy the Prope�-ty <br /> as�orr�vver's principal residence for at Ieast one year after the d�.te af occupancy,unless Lender otherwise <br /> agrees in writing,which consent shall n�t be unreasonab�y with�e�d,or unless e�tenuating circumstafle�s <br /> exist which are beyond Borrovver's cantrol. <br /> 7. PreS�rvation, Ma�ntenar�ce and Protection vf the Pro��rty; lnspections. B�rrovver sha�l <br /> not destroy, damage or impair�h� Property, al�ow the Prop�rty to deteriarate or cammit waste on the <br /> Praperty. �he�her or not Borrower is residing �n the Property, Borrower shall maintain th�Property �n <br /> order ta pre�ent the Property fram deteriarating�r decreasing ��va�ue due ta i�s�andition. �nless it is <br /> determined pursuant t� Sec�ion 5 tha�repair ar restoration is not ec�nomica�ly feasib�e, Borrower shall <br />� promptly repair�he Property if damaged to avoid further deter�ora�ian or damage. Tf insurance or <br /> condemnation proc�e�is are paid in�annecti�n with damage t�, or the takZng of,�he Property, Borrower <br /> shall be responsib�e for repairing or restoring the Property only if Lender has released prac�eeds for such <br />� <br /> purposes. Lender may dis�urse proceeds for the repairs and restora�ian in a sin�Ie payrr�ent or ir�a series <br /> af progr�ss paym�nts as the w�rk is completed. �f�he insurance or condemnation proceeds are not <br />' suf�icient to repair ar restare th� Property, Borrow�r is not re��eved of Borr��er's abli�at�on�or the <br /> comp�etion of such repair or restoration. <br /> Lender�r i�s agent may make reasoflable entries upan and�nspecti�ns ofthe Property.If it has reasana�le <br /> cause, Lender may inspect the inter�ar of the impro�ements on the Property. Lender shal�gi�e Borrovver <br /> noti�e at t�e time of ar�ri�r to such an int�rior inspeetion �pecifying such reasanable cause. <br />� 1�9575575� <br /> NEBRASKA-Single Family-Fanr�ie MaelFreddie Mac UNIF�f�M INSTRIJMENT Form 3�28 11�1 <br /> VMPCR7 <br /> a21�4 <br /> Wolters Kluwer Financial 5ervices �014�7�34�,1.2529-J2�131226Y Initi Page 7 af 17 <br /> *H��'��95755750'I�23* • <br />� <br />
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