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201500732
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Last modified
7/20/2017 10:45:26 PM
Creation date
2/4/2015 9:41:42 AM
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DEEDS
Inst Number
201500732
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. <br /> . � <br /> � � � � � ��15��73� <br /> be applied to restoration or repair of the Property,if the restoratio�or repair is economically feasible and <br /> Lender's security is not�essened. During su�h repair ar�d restoration period,Lender sha�I ha�e the right <br /> ta hold such insurance praceeds until Lender has had an opportunity to�nsp�ct such Praperty to ensure <br /> the wark has been c�mpleted t�Lender's satisfaction,pro�ided that such inspection shall be under�aken <br /> prom�tly.Lender may disburs�praceeds for the repa�rs and restoration in a six�gle payment or in a series <br /> af progr�ss payments as the work is completed.Un��ss an agreem�nt is made in writing ar Applicable <br /> Law requires interest to be paid on such insurance proce�ds,Lender sha11 not be required to pay Borrawer <br /> an�interest br earnings on such pr��eeds.Fees for public adjusters,or other third parties,retained by <br /> Borrower shall nat b�paid out of the insurance praceeds and sha�l be the sole obligation�f Borrvw�r. <br /> If the restoration or repair is not ecanomically feasible�r Lender's security wou�d he less�ned,the <br /> insurance proceeds sha�l be applied to the sums secured by this Security Instrument,whether ar not then <br /> due,w�th the excess,if any,paid to Borr�wer. Such rnsurar�ce pro�eeds shall be applied in the order <br /> pra�ided for in Section 2. . <br /> If Barrawer ahandons the Property,Lend�r may fle,neg�tiate and settle a.ny a�ailable insurance claim <br /> and related rnatters.If Borrower does not respond within 3�days to a n�tice frorn Lender that the insurance <br /> carrier has af�ered to settle a claim,ther�Lender may negotiate and s�itle the claim. The 3�-day period <br /> vvill b�g�n when the notice is gi�en. In either e�ent,or if Lender acquires the Property under Sectian 22 <br /> or otherwise, Borrower hereby assigns t�Lender�a}Barrower's rights to any insurance proceeds in an <br /> a.mount not ta exceed the amounts unpaid under the Note or this Security Instrument, and�(b}any other <br /> of Barrower's rights�vther than the right to any refund of unearned premiums paid by B�rrower�under <br /> al��nsurance po�icies�over�ng the Praperty, insofar as such rights are appiicable to the coverag�of the <br /> Pro�erty.Lender may use the insurance proceeds either to repair or restor�e the Property or to pay amaunts <br /> unpa�d under the Note or this Security Instrument,whether or not then c�ue. . <br /> �.�ccupancy.Borrower shall occupy,esta.blish,and use the Property as B�rrower's principal residence <br /> within 6D days after the execution of this Security Instrument and sha�l continue to occupy the Property <br /> as Borrow�r's principal residence for at least one yeax after the�ate of occupancy,unless Lender�therwise <br /> agrees in writing,which consent sha��nat be unreasonably withheld,or unless extenuating c�rcumstar�ces <br /> exist which are beyand Borrower's cantrol. <br /> 7. Preservation, ll�laintenance �nd Pratect�an o�#he Prop�rty; Ins�pecti�ns. Borrvwer shall <br /> not destroy,damage or impair the Property,allow the Prope�ty to deter�orat�or commit waste on the <br /> Praperty.�Vhether or nat Borrower is residing i.n the Property,Borrower shall mainta.in the Praper-�y in <br /> arder to prevent th�Pro�erty from deteriorating or decreasing�n value due ta its condition.Unless it is <br /> determined pursuant to Sectian 5 that repair or restaration is not economically feasible,B�rrower shall <br /> pramptly repair the Property if damaged to avoid further deterioration or damage. If insurance ar <br /> candemnation�roceeds are paid in connect�on with da.mage to,❑r the taking of,the Pro�erty,Barr�wer <br /> shall be respvnsible for repairing or restoring the Property only if Lender has re�eased pr�ceeds for such <br /> purposes.Lender may disburse pro�eeds for the repairs and restarat�on in a single payment ar in a ser�es <br /> af pragress payments as the w�rk is cornpleted.If the insurance or condemnatia�proceeds ar�not <br /> su�cient to repair or restore the Property, Borrower is not relieved of Bor�ower's a�ligation far the <br /> completion of such repair ar restaration. <br /> . f-,� 118fi?89230 <br /> NEBRASKA-5ingle Family-Fannie MaelFraddie Mac UNIFdRM INSTRUMENT , �Ltj Form 3028 11�1 <br /> VM Pffi� � � ,�,f D2114 <br /> Wo�ters Kluwer Finan�ial Ser�ices �D15D125'I4.2.0.2944ti12�140429Y Initials: W Pags 7 of 17 <br /> � 7 0 * <br /> . � � , <br />
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