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201504006
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Last modified
7/21/2017 2:42:36 AM
Creation date
6/16/2015 9:20:21 AM
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DEEDS
Inst Number
201504006
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, ��15�4��� <br /> . <br /> � � <br /> damage to,or destruction of,the Praperty,such policy sha11�nc�ude a standaxd mo�tgag��lause and sha�� <br /> name Lender as mortgagee andlor as an additionalloss payee. <br /> In the event of�oss,Borrower shall give prompt nfltice to the insuran�e carrier and Lender.Lender may <br /> make proof�f Iass if not made pr�mptl�by Borrovver. Unless Lend�r and Barrower ot�i�rvvise agree �n <br /> writing,any insurance proceeds,vvhether or not the underiying insurance vvas required by Lender, sha11 <br /> be applied to restoration ar r�pa.ir of t�e�roper�y,if the restoration or repair�s ecvnomically feasible and <br /> Lender's se�urit�is nat lessened. During such repair and restoration period,Lend�r sha�I ha.ve the right <br /> to hold su�h insurance proceeds until Lender has had an opportunity to inspect su�h Property to ensure <br /> the work ha.s been completed to Lender's satisfaction,provided that such inspection�hall b�undertal�en <br /> �r�mptly.Lender ma�d�sburse proceeds for the repairs and r�storatian in a single payment or in a s�ries <br /> of progress paym�nts as the vvork is completed. IJnless an agreement is made in writ�ng or Applicable <br /> La�r requires interest to be paid an su�h insurance proceeds,Lender sha11 not be required to pay Borrower <br /> any int�rest or earnings on such pro�eeds. Fees for public adjusters,or other third parties,reta�ned by <br /> B�rro�er shall not be paid aut of t�e insura,nce�ro�eeds an�sha1�be the sa�e obligat�an�f Borr�wer. <br /> If the r�storat�on flr repair is not econom��ally feasible or Lender's security vvould be lessened,th� <br /> insurance proceeds sha11 be applied to the sums secured by this Se�urity Ins�rument,wh�ther�r nat then <br /> due,vvith the excess,if any,paid to Borrawer. 5uch insurance proceeds sha11.be app�ied in t�ie order <br /> pro�ided for in Section 2. <br /> If Borro�ver abandons the Pr� e ,Lender may file,ne�otiate and settie any ava,ilable�nsurance claim <br /> p �Y <br /> and related matt�rs.If Borr�wer does not respond within 3�days to a noti�e fram Lender th�.t tlze insurance <br /> �arrier has offered to settle a claim,then Lender may negotiate and settle the claim.The 3�-da�period <br /> wi��begin vvhen the natice is given.In either event,or if Lender acquires the Property under Section�� <br /> �r othervvise,Borrov��r hereby assigns to I�ender[a�Borrower's rights to any insuran�e pr��eeds in an <br /> amount n�t to�e��eed th�amounts unpaid under the Note�r this Security Instru�ment,and(b}an�vther <br /> of Bnrrawer's rights�other t�an�he r�ght to any refund of ur�earned pr�miums paid by Barrower}un�ler <br /> all insuranr�e policies covering the Property,insofar as such rights are applicable to the co�erage of the <br /> Prvperty.Lender n�ay use the insurance proceeds�ither to repair or restore the Property or to pay amounts <br /> unpaid under t�e N�te or this Security Instrumer�t,wheth�r or not then due. <br /> �. C3��upanCy.Borrov��r sha1�occu�y,estab�ish,�nd use th�Pr�p�r�.y as B�rrower's principal res�dence <br /> within 6D days ai�er the ex�cut�on of this Security Ir�strument and sha11 continue to occupy the Property <br /> as Borrower's principal residence for at�ea�t one�year a�er the date of ocCupan�y,unless�ender othervvise <br /> agrees in writing,vvhich consent�ha11 not be unreasonably withheld,or unless extenuating clr�umstances <br /> exist v�rhich are beyond Borrovver's control. � ° <br /> 7. Presen►ation, �aintenance.and Protection flf the Property; Inspections. Borrovver sha1� <br /> not destr�y,damage or impalr the Property,allovv the Property t�deteriorat�or cammit v�aste on the <br /> Property.�Vhether or nat Borrov�rer is residing in the Pr�perty,Borrnv�rer sha1�mai�tain the property in <br /> order to prevent the Prap�rty from dete�iarating or decre�sing in�a1ue due t�its cand�ti�n. Unless it is <br /> det�rmi.ned pursuant to 5ection�that repair or restoration��not er�nomiGally f�asible,B�rrower sha11 <br /> promptly repair the Pr�perty if damaged to avoid further deterioration ar damag�.If insurance or <br /> condemnation pra�eeds are paid�n conn�ction vvith d.amage to,or the ta��ng of,the Propert�,Borrower <br /> � sha1�be resp�nsible for repair�ng or restoring the Propert�only if Lender has released proceeds for such <br /> , <br /> HCFG-O�i59 <br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIF�RM INSTRUMENT � Form 30281I�1 <br /> . VMP� _ 08l14 <br /> Wo�ters Kluwer Financial Servives 2i]15052115.1.a.3112-J2Q'f5D1�3Y , Page 7'a#17 <br /> � � *s�07��s2�s* <br /> . , <br />
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