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201501912
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Last modified
7/21/2017 1:45:25 AM
Creation date
3/30/2015 2:47:49 PM
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DEEDS
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201501912
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��15�191� <br /> be applied ta restaratinn or repair of the Property,if the restara.tion or repair is e�ono�m��ally feasible and <br /> Lender's se�urity is nat lessened. Durin�such repair and restoration period,Lender shall have the right <br /> t�ho�d such insuran�e prQceeds unti�L�nder�as had an opportunity t�inspect such Property t�ens�xre <br /> the�vork has be�n campleted ta Lender's satisfact��n,provided that such�nspectivn sha11 be under�a.ken <br /> promptly.Lender may disburse proceeds for the repairs�nd restorat�vn in a.singl�payment flr in a series <br /> of progress payments as the vvork is�ompleted. Uniess�n agreement is made in vvritin�or Appli�able <br /> Law requires interest to�e paid�n such�nsura,n�e praceeds,Lender sha11 nat be required to pay Barrovv�r <br /> any interest or earnings on such proc�eds. Fees far publi�adjusters,ar other third pa,r�ies,retained by <br /> Bvrrovver shall n�t be paid out of t1�e insurance pro�eeds and sha�i b�th�sole obligation�f B�rrower. <br /> If the restora�ior�or re�air is r�at�con�r�i�a1��f�asible ar�ender's security would be lessened,the <br /> insuranc�pr�ceeds shal�be applied to the sums secured by this Security Instnunent,whether vr not then <br /> due,with the excess,if an�,paid to Borrower. Such insurance pr�ceeds sha1�be app�ied in the order <br /> pro�ided f�r in Se�tion�. <br /> If B�rrov�er abandons the Property,Lender may file,negotiate and settle any a�ailable insurance claim <br /> and related matters.If Borr�vv�r does not respond within 3�da.ys to a noti�e from Lender that th�insuranG� <br /> carrie r has offered tv settle a claim,then Lend�r may negotiate and settle the claim.The 3�-day�eriod <br /> wi11�egin v�hen the no�ice is gi�en.In either�v�nt,vr x�Lender a�quires the Property under S�ct�on 2� <br /> or atherv�ise,Barrovcrer hereb�assigns to Lender�a�Borr�wer's r�ghts ta any insurance proceeds in an <br /> amaunt nat tfl exceed the amounts unpaid under th�N�te ar this Security Instrum�nt,and(b}any�ther <br /> �f Borro�ver's rights�other than the ri,ght t�any refund of unearned premiums paid by Borrovc�er�under <br /> all insurance po��c�es Co�ering the Froper�,insofax as such rights are appl�cable t��he coverage of the <br /> � Propert�.Lender rnay use the insurance proceeds either tv repair or restore t�ae Property ar to pay amounts <br /> unpaid under t�e I��te�r this�e�uri���str��r�t,��iet�er o�r�at th��du�. <br /> 6. C]��u�a n Cy.B�rrawer sha11 o�cupy,estab�ish,and use the Pr�perty as Bvrro�er's prin�ipa�.re sidenGe <br /> v�ithi��D days a.�er the e�e�ution of this Security Instrument and�ha11 cont�nue to�ccupy th�Pro�ert� <br /> as Ba�r�wer's principal resid�nce fvr at l��,st�ne y�ax a�er the date of occupar»y,unless Lender othe�ise <br /> agrees in vvriting,which con�ent shall not be unreasvnably withheld,ar un��ss extenuatin�circumstan�es <br /> e�ist vvhich are b�yand Borrov�er's��ntr�l. <br /> �. Preser�ativn, Mainter�ance and Prate�tion �f t�e Property; lnspectivns. Bvrr�wer sha�� <br /> not destrvy,da.mage vr impair the Prop�rty,a11ow th�Prop�rty ta det�rivrate ar comm�t vvast�on the <br /> Prvperty.Whetl�er ar not Borrov�rer is residing in the Fr�perty,Borrnv�er shal�ma�nta,in the Prop�rt�in <br /> or�ier to prevent#.�e Praper��r�m d.et�riora�.tin�or de�r�asing in�alu�e c�ue�ta its con�ition.U�1ess it is <br /> detennined pursuant tv 5ectivn S that repair or restaration is not econvmically feasib�e,Borrawer shal� <br /> pr�mptly repair the Proper�if damaged to avoid further d�terioration or damage.If insura.nc�or <br /> c�ndemnati�n pr��eeds are paid�in conne�tion with damage to,ar the taking of,the Pr�pert�,Borrower <br /> shall be responsible for repairing ar r�stnring the Proper�y only if��nder h�.s r�leased proceeds for such <br /> purposes.Lender may disburse proceeds for the repairs and restoration�n a single payment�r in a series <br /> �f progre�s payrnents as the vvork is c�mp�eted.If the insurance or condernnation pr�ceeds are not <br /> suf�'ici�nt to repair or restore the�roperty,Barrower is not reliev�ci of Borrower`s obligatian for the <br /> �ampletion af such repair�r restora.tion. <br /> HCF�-D0359 <br /> NEE3RASKA-Single Family-Fannie MaelFreddie Nhac UNIFaRM INSTRUMENT Fvrm 3�28 1lQ� <br /> VMP� 09113 <br /> Wofters K�uwer�inancial Services 201405t]04.1.7.2B69-.f2D'!31�29Y Page 7 of'!7 <br /> "'1174121'!4�17* <br />
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