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��15�141� <br /> A11 insurance po��c�es required by Lender and renewa�s af such po�icies shall be subject to I.ender's r�ght�a <br /> disapprove such po��cies, shal� inc�ude a s�andard mor�gage claus�, and shall name Ilender as mar�gagee <br /> andlor as an add��ianal �oss payee. Lender sha��have�he r�ght to ho�d�he polic��s and renewal�er��f�cates. If <br /> Lender r�quires, Borrower shall promptly give to Lender a1I rece�p�s of pa�d premiums and renewal no�ices, <br /> If B�rrawer abta�ns any form�f insurance c�verag�, nat o�herwise requxred by Lender, for damage to, or <br /> destruc�i�n of, �h�Proper�y, such paiicy sha�I �n��u�e a standard mor�gage clause and sha��name Lender as <br /> mor�gagee andlor as an additional loss pa�ee. <br /> �n�he even�af 1oss, Borrower s�all g�ve pramp�n�t�ce�o the�nsuranc�carr�er and Lender. Lend�r may <br /> make praof of loss if not made promptxy by Borr�v5rer. Unless Lender and Barrower�therwxse a�ree in <br /> wr�t�ng, any insurance proceeds, whe�her or no��he under�y�ng insuran�e was requ�red b�Lender, shall be <br /> appl�ed to res�oration or repa�r of��e Prop�r�y, �f�he res�ora�i�n or repair�s economicall�f�asible and <br /> L.ender`s securzty �s not�essened. During such repa�r and restoration periad, Lender sha��hav��he righ�to <br /> ho�d su�h insurance proceeds untii Lender has had an oppor�unity to x�aspect such Proper�y ta ensure the <br /> work has be�n completed�a I.�nder's satisfac��on, pr�vided�hat such inspect�on shall be under�ak�n <br /> promptly, Lend�r may disburse proceeds for��.e r�pairs and restorat�on in a s�ngle payment�r in a series�f <br /> progress payments as th�v�ork is comp�e�ed. Un�ess an agreement�s made�n wr�fing or Appl�cable I�aw <br /> requires in�eres��o be pa�d on su�h�nsurance pr�ceeds, Lender shall no�be requ�red to pay Borrov�er any <br /> inter�s�or earnings on such proceeds. Fe�s for pubiic ad�usters, or o�her th�rd par�ies, reta�ned by Barrv�rer <br /> sha�1 not be paid out af�h�insurance proce�ds and shail be the s�le ob��gatian of Borrower. If�he res�orat�on <br /> or repair is n��econ�mica�ly feasi��e or Lender's secur�ty wou�d be lessened, the insurance pr�ceeds sha�l be <br /> appli�d�o the sums secured�y this Secur�t� �nstrument, whether ar nat then due, w�th�he e�cess, if any, <br /> paid�o B�rro�er. Such insurance proceeds sha11 be applied in the ord�r pro��ded for in Sect�on 2. <br /> �f Borrower abandons the Prop�rt�, Lender may f��e, neg��iate and se����any available�nsurance c�a�m and <br /> relat�d mat��rs. �f Borr�wer daes not respond wi�hi�3�days to a nat�c�from Lender�hat the insurance <br /> �arr�er has off�red�� s����e a cXaim, �hen Lender ma�negotiate and set��e the cla��m. The 3a-da�perxad wil� <br /> t�eg�n wher��h�notice is gi��n. �n either even�, or�f Lender acquires the Property under Sec��on 22 or <br /> atherwise, Borrower hereby assigns�a Lender�a}B�rrower's r�ghts to any�nsuran�e proceeds�n an amoun� <br /> no�tfl exc�ed�he arnounts u�.pa�d under the Nate or�his Security Instrument, and�b} any oth�r of <br /> Borrower's rights �o�her than�he r�ght��an�r refund af un�arned premiums paid by Borrower}under ali <br /> insurance policies co�ering the Proper��, insafar as such righ�s are applicable to�he co�erag�of the <br /> Prop�r�y. Lender may use�the insurdnce pr����a���t��e��t� r��a�r�r res��r�th�Proper�y or t�pay amounts <br /> unpaid under th�No�e flr�hxs Security Ins�rument, whether nr not�hen due. <br /> 6. t)ccupancy. Barr�wer sha1l accup�, es�abl�sh, and u�e the Proper��as Borrov��r's pr�ncipa�re�iden�e <br /> �v��hin 6�days after the�xecution of���s Securi��r �nstrument and sha�l cont�nue to occupy��e Proper�y as <br /> Borrower's pr�ncipa� residence f�r at Ieast one�ear after the date af occupanc�, un�ess Lender o�hervvise <br /> agrees in writ�ng, wh�ch cons�nt sha11 not be unreasonab�y withheld, vr un��ss extenuat�ng cir�ums�nces <br /> �xis�v�hich a�-e b��ond Bo�-ravver's C�ntrol. <br /> 7. Preser�ativn. Maintenance and Prvtection of the Pr�perty; Inspections. Barrower sha�1 not des�rc�y, <br /> damage ar impair�he Proper�y, allow the Proper�y to deter�ora�e�r commit waste on�he Proper��. V�hether <br /> �r not Borrow�r�s res�ding�n the Property, Borrower sha�l ma�nta�n the Prop�rty in ord�r��pre�en�the <br /> Pr�per�y from de�er�o�at�ng or decreasing in�va�ue due to xts condi��nn. Uniess�t is de�er�ned pursuant�o <br /> Sect��n 5 that repair ar res�ora��on is no�econ�mi�all�feasib�e, Barrower sha��prnmp�ly repair�h�Proper�y <br /> xf damaged�o avaid fur�her d��er�orat�on or damage. if insurance or eflndemna�ion proceeds are pa�d in <br /> ��nnec�xon wi�h damage ta, or�he�ak�ng�f, the Praper�y, Borrower sha��b�responsible for repairing ar <br /> restoring�he Prnper�y on�y if I.ender has released proceeds fo�r such purpos�s. I�nder may disburse proceeds <br /> NEBRASKA-5ingie Famify-Fannie MaelFreddie Mac UNI�DRM 1NSTRUMENT Form 3�Z8 11�1 <br /> VMP Q VMPS�N�f=�3�2} <br /> Wolters Ktuwer Financial Ser�i�es Page 7 flf"t 7 <br />