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201501482
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Last modified
7/20/2017 11:04:46 PM
Creation date
3/11/2015 10:52:10 AM
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DEEDS
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201501482
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��15�145� <br /> A�1 �nsurance pol�cies required by Lender and renewa��af such pfl�i��es shall be subject�� Lender's right ta <br /> disapprove sueh poiicies, sha1� include a s�andard mor�gage��ause, and sha11 nam�e Lend�r as r�ortgag�� <br /> andlor as an addi��ana� �oss payee. Lender sha��ha�e�he r�ght ta hoid the pal�cies and renewa� c�r��fic�.tes. If <br /> Lend�r r�qu�res, B�rrower sha11 prompt�y gi�e�o Lender a�l receip�s af paid pr�miums and renewal.nvtice�. <br /> �f Borrower ob�ains any fornz of�nsurance coverage, na��therwise required by L�ender, f�r darnag���, or <br /> destruc�ion af, the Proper�y, such pol�cy shall inc�ude a s�andard mor�gag�clause and sha��name Lend�r as <br /> m�r�gagee andlor as an addi�i�nai�oss paye�. <br /> �n�he event of�as�, Borrovwer sha�l gi�e prompt n��ice�.o the�nsurance carr�er and Lender. Lender�-nay <br /> make pra�f of�oss �f no�made prompt�y by Barrower. Unl�ss Lend�r and Borrower a�h�rwise agree xn <br /> v�ri�ing, any�nsurance proceeds, whether or not�he underly�ng �nsuranCe was requ�red by Lender, shal�be <br /> app��ed ta r��tora�ion or repair of��e Fr�per�y, �f the restora�ion�r repa�r�s economica��y feas�ble and <br /> Lender's sec�rit� is n�t�es�en�d. During such repair and restara�ion p�riod, I�nder sha��ha�e�he r�gh�to <br /> hold such�nsurance proce�ds un�il Lender has had an�ppor�unity to inspect such Praper�y��ensure�he <br /> wark has been camp�e�ed�o Lender's satisfaction, provided that such in�pectian sha�I b�under�aken <br /> promptly. Lender nzay d�sburse pr�ceeds for th�repa�rs and restora��an in a��ng�e payment ar�n a seri.�s af <br /> progress pay�nenfis as th�w�rk is comp�eted. Unl��s an agre�men�is�rnad��a�wri��ng or App�icabl��a� <br /> requires interest to�be paid on such �n�uranc�proceeds, L.�nder sha��no��e��e�uired�o pay Borr�w�r any <br /> �n�eres�or earn�ngs�n suc�procee�s. Fees for pub�ic adjusters, �r o�her��rd par��es, re�azned by Borrawer <br /> shaii nat be paxd out of the insurance proceeds and�hali be�he sole obliga���n of Borr�v�er. �f fihe r�s�aration <br /> �r repa�r�s not economically feasible ar Lerider's secur�ty wou�d be�essen�d, the insurance proceeds shall be <br /> app�ied to the sums se�ured by�his Se�urity�nstrumen�, whe�her ar n�t then due, v�ith the excess, �f an�, <br /> paid�o B�rrnvver. Such�nsuranc�pr��eeds sha��be applied�n the order pro�r�ded for in�ec��on�. <br /> If Barrower abandans�he Proper�y, Lender may f�le, negot�a�e and set�le any a�ra�lab���nsuran�e�laim and <br /> re�a�ed matters, If Borraw�r does not respond w�th�n 30 days to a no�ice frox�Ilender�hat the insurance <br /> carrier has offered ta se�tle a c�a�m, then L�nder may negatiate and s�ttle�he c�aim. Th�3�-day p�r�od v�r�I� <br /> begin when�he no��ce is g�v�en. �n e��her e�en�, or if Lender acquires�he Proper�y under Sect�on 2�or <br /> otherwise, Borrawer her�by assigns�o Lender�a}Borr�wer's righ�s�fl any�surance procee�� in an amount <br /> no��o ex�eed the a�nounts unpa�d under fhe Nate or�his 5e�ur�ty�nstrume.�.�, �d�b�any���.er of <br /> Borraw�r's r�gh�s (other�han�he right t�any refund af unearned premiur�s�aid by Borr�w�r}under ai� <br /> �nsurance policies c�vering the Property, insofar as such rights are applica���t�the ca�erage of the <br /> Pr�p�r�y. Lender may use th��nsurance proceeds either�o repair�r r�s�or�e the Proper��r�r to pa�atnou��s <br /> unpa�d under the Not�or�his S�curity �ns�rument, whether ar no�then due. <br /> �, Dccupan�y. Barro�er sha11 oc�upy, es�abl�sh, and use the Property as Borrow�r's prin�ipal residence <br /> w��h�n�0 days af�er the ex��Ut�on af�his Secur��y��strument and�hali cvn�inu��a occup�r the Pr�per�y as <br /> Borrower's principa� residence for at least one year after the da�e of accu�ar�c�, unless Lend�r othe�vise <br /> agre�� in writing, wh�ch�onsent sha�l not�e unreasanab�y w��h�held, ar ux��ess extenuating cxr�umstar�c�s <br /> ex�s�vvhich are���ond Sorrawer's�ontro�. <br /> 7. Pres�r�atior�, �a�r�tenance and Prvtectivn vf the Prvperty; Inspec�s. Barrower shali not des�roy, <br /> damage or��a�r the Praperty, allovv the Prflper�y�o deteriarate or commit waste on��e Pr�per��. VL�ether <br /> or not Borrower�s residing in the Praperty, Borrower sha�l mairitain the Pr�per�y in order to�reven��� <br /> Proper�y from deteriora�in�;or decr�asing in�alue due to its con��tion. Unless z�is de�ermined pursuant�o <br /> Sec�ion 5 tha�r�pa�r or r�stora�i�n�s n�t ecanomi�all�feasible, Borraw�r sha.��pramptly r�pair the�'roper�� <br /> if damaged to avoid fur�her deteriora�ian or damage. If insurance or condemnation proceeds are paid�n <br /> connecti�n w��h danr�ag��o, or the�aking�f, the Proper�y, B�rrov�er shal��e r�sponsibl�far repairing or <br /> res�oring�he Proper�y�n��if Lender has re��as�d proceeds for su�h purposes. Lender may disburse pr�ceeds <br /> NEBRASKA-5ingte�amily-Fannie Ma�l�r�ddie Ma�UNiF�RM iNSTRUM�NT �orm�fl28 910'� <br /> VMP Q VMPs�f�+t�f{7 342� <br /> Walters Kluw�r�inancia�Ser�ices Page 7 v#17 <br />
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