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201501181
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Last modified
7/20/2017 10:56:59 PM
Creation date
2/27/2015 1:06:00 PM
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201501181
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��15�1151 <br /> A11 ua.surance po�.�.�es requ.ired by L.ender a.�d renewa�.s af such�ao�ici.es s�aal�.be sub�ect to Lender's right to <br /> d.isapprove suc��n�e�es, s�a�I incl:ud�a stan.c�ard m�r�gage c�.ause, ar�.c�sh�,ll�an1e JLender as rnortgagee <br /> a�dlor as ari�.ddit�ona�Iass paye�. Ler�der sha1�.ha�e�e��ght t�hald.��e�ol�cxes����newal cer�i�cates_ If <br /> Lender�equires, Barrower sha���rompt�y give to Len�.er a11 receipts a�pa�.d�re�i�xns ar�d�er�ewa�no�ices. <br /> If Borrower obt�ns any form of in.surance c�verage, not atherv�r�ise requ�red by L,e�der, f�r damage ta; ar <br /> des�ructiQ�of, the JProperty, such policy sha11 inc�.ude a sta.n.dard mortgage c�.ause a:n.d sha��name Le�.der as <br /> mQrtgagee a�.dl or as an addational Io s s payee. <br /> Irt����V��lt�f IQSS, Borrawer sha:�I g�ve promp�notice to the insurance carrier a�d Lender. L�der may <br /> m.ake proof of Ioss�f nat made promptly by B�rr��xrer. TJnle�s Lender and�orrawer o�herwise agr�e i� <br /> �riting, any insurance pr�ceeds, whe�her or�ot the under�y�ng i�:surance was requi.�ed�y Lender, sha11 be <br /> ap�lied tfl restorat�on o�-repair af the Pro�pexty; if the restora�ion o��epai�is ecmn��n.ically feasible and. <br /> Lender's��cu.r�ty is��t Iessenec�. I]urixig�uc�.repa�a�.d restorat�.�n perxfld, Lender shall Jhave the ri.g�t to <br /> ho�d suc��nsura�ce prQceeds until�Lender�as had a�n Qpportunit�r to�ns�ect such Prope�y�ta ensure t�e <br /> yvork haS been eomp�eted to Lender's sa.��.sfaction, provid�d that such inspection shal��e undertaken <br /> prompt�y. Le�der may disburse proceeds fflr t�ie repairs and restora�xon��a sixigle payment or�n a serzes af <br /> progress payments as the�rork is completed. Ur�less aan agreement is mad.e��rriti-�g or App��cab�e Law . <br /> requ�res in�er��t to be pa�d on such insurance proceeds, Lender sha11 not be required to pay Borrower an.y <br /> i��e�-es�ar earnlllgs on such proceeds. F�es f�r publ:ic ad�usters, flr�ther third pa.rt�.es, reta�n.ed by�arrawer <br /> sha11 no�be�aa�d out�f�.ie insia�-ance proc�eds and sha11�e th�so�e o�bl�gat�o��f Borrower. If�he res�orati.on <br /> or re�aair is not eco�omically feasib�e�r JLender's secu�ity�xr�uld�b��.essened, the ir�suranc���-oceeds sha11�e <br /> app��ed�o the su.n�s secu�ed���s Secur�ty In.s�r�e�t, w�e#�ier or r�ot then c��e, w�t�i t�ie excess, if�y, <br /> paid t��orr�wer. S�c��n.sur�:nc��roceec�� s�ia:I�:b��:p�lied.�n�e��-c�e��r�v�d.ec���r��e�tx�n 2. <br /> If�arr��ver abandons�he Pr��aerty, Len�e�may�Ie, negot�ate�ri�sett��any ava;��ab�.e�nsurance c�a�rm.a�d <br /> rel.ated matters. If Borrov�rer d�es nat respnnd�w�tkz�i:n 3�days to a no��.ce f�--om JLender that�he i�:surance <br /> carrier has offered to se�t�e a c�a�m; �hen Lender m.�.y negotia�e a�.d se�t���he c�aim. The 3�-day per�od will <br /> begzn when the n.otice is giv�n. I-�e�ther eve�t, or�f Lend�r acquires the Praperty u�.der Secti.on 2�or <br /> other�vise, Borrower hereby ass�gns�a Lender(a�Borrawer's rights to any insurance proceeds in an amount <br /> not�o exceed�he amounts ux�:paid under�he Note or this Security Instrument, and[b�ariy other of <br /> Box-�-o�ver's rzghts���her�han the righ��a a�y refur�d of unearned prer�uums pa�d by Borrovv�r}under a�� <br /> ix�.s�anc�poli.G�es cov��in.g the Proper�y; �sofar as suc�.righ�s are a��1ic�.bl.e t��hh�coverage of the <br /> Propertya Lend.e�may us��he ar�s��nce praceeds e��ier�a repa�or res���e�:he Pra�a�r�y or t�pa�arno��s <br /> �.pa�d under�h�Not�or�.s Secur�ty J�xst�me�.t, wne�her�r r�at�her�du�. <br /> �. �ccupancy. JBorrow�x sh�L��cc�py, esta�bli�h, and.use-�h.e Pra�e�y�.s�arr�v�e�°s p�i.�.cipal�esider�ce <br /> withzri 6�days aftex the e�ecut��n af this Security I�.s�r�.-u�ent and sha11 can�tinue to occupy t�e�'roperty as <br /> Borrou�er's pri.nclpa�residence far at least ane year after t.�e date of aecupancy, u��ss Lender o�herw�.se <br /> agrees in writing, w�.�:ch conser�t sha��nat be ur�reas�nabl.y withhe�d, or unless ext�nua.ting c�zcumstances <br /> exi.st which are beyond Borrower's contral.. <br /> 7. �reservati��� �I ar�tenance and �rote�ti�n of�h� Pr�p�r�y; Inspections� �orrflwer sha:�.�.not destray, <br /> � damage or�:mpa�r the Property, a��ow the Prope�-ty�a c�e�ter�.�rate�r c�mmit�tra.ste o�t�.e Pr��erty. �e�her <br /> o�not�3orrower�.s res�d�g i-t�t�ie Pr�perty, Barr��er sha��ai-ntain��i�Prope�r���der t��re�re�.���e <br /> Property�om deter�ora�iug or decreasiuzg�v�.ue�.u�to�.�s condit�oxa.. U�ess�.f is�et�r.�x�r�ed p�rsuant�� <br /> Sec�o�5 th.�.t re�air or rest�rati���s not econ�m�.ca�1�feas�:l�Ie, �3arr�ure�s�a.��:pr�rr�pt�y repa�t1��Prope� <br /> i.f dam�.ged�o avaid.�5ur�her de�ex�.orat��rn or da�nage. ��.x�su�-arnce or c�r�ciemr�.at����a�oceeds�e�paid�n <br /> , �onnect�.an wi�h d.amag��o, or�ie�aking af, the�'raperty, Barrower shall be r�sponsible for repai�.r�g or <br /> restaring�.he Proper�y anly if Lender has released proceeds fflr such purposes. JLender may d�sburse�roceeds <br /> 24�Q?938 <br /> NEBRASKA-SingIe�ami[y-Fannie Nt aelFreddie Nl ac L]NEF�RM 1NSTRUM ENT ����Q2g��p� <br /> VM P p VN[P6{NE}��3D�} <br /> W olters KIuw er Fr�ar�cial Services Page 7 of 17 <br />
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