|
�� 1 5�� 1 � 1
<br /> securi�ty w�u�d be lessened,�he insurance pro�eeds shal�be applied to the sums secured by this Security�nstrumen�,
<br /> v�hether ar not then due,with the�xcess,if an�,paid to Borrower.�uch�nsuranc�proceeds sha11 be app�ied in the order
<br /> pravided for in Sectian�.
<br /> �f Borrower abandans the Property,Lender may fi1e,negotia�e and sett�e any availabie insu.rance claim and reiated
<br /> mat�ers.If Bo�ower does nat respond wi�hin 3�days�o a noti�e fram Lender�hat the insurance carrier has offered to
<br /> se�tle a��aim,then Lender rna�nego�ia�e and settle the�laim.The 3�-day peri�d vv�ll beg�n when�he n�tice is g��en.In ,
<br /> �ither event, �r if Lender acqu�res�he Pr�per�y under S�ction 22 ar oth�rwise, Sarrn�er hereby assigns t�Lender
<br /> (a}Barrov�er's r�gh�s t�any insurance pr�ceeds in an am�unt n��to�xc�ed�he arn�unts unpaid under the Nate ar this
<br /> S�curYty Ins�r��-nent,and�b}any��her of Bor�r�we�r's righ�s�other�han the r�ght ta any refun�ofunearned premiums paid
<br /> l�y Larraw�r}unde�a�i insuran�e pvlicies co�ering�h�Property,insofar as such rights are appiicable to�he coverage af �
<br /> the Prop�rt�r.Lender may use the insurance praceeds eithe�to repair or restore�he Proper�y or to pay amoun�s unpaid
<br /> under the 1�ote or this Security Instrum�nt,whe�her or n���hen due.
<br /> 6.�ccupancy.Borr�wer shall occupy,establish,and us�the Property as Borrower's principa�res�dence wi�hin��
<br /> days after�he�xecution of this Securi�y�ns�urnent and sha1X cont�nue tv�ccupy the Praperty as Borrow�r's principal
<br /> resid�nce for at leas�one year after�he date af occupancy,unl�ss L�nder otherwise agrees in writing,whi�h cansen�sha��
<br /> nat be urireasonabl�withheld,or unl�ss extenuating circumstances exis�which are beyand Bo�rower's c�n�ro�.
<br /> 7.Freser�a�ion,Maint�nance and Prvtectian of�be Property;Inspections.Borrow�r shall not des�roy,damage �
<br /> o�r impair the P�roperty,allov►�the Praperty�o de�er��rate or camm�t waste on�he Fr�p�r�y.,S�V'he�her ar na�Bor�rower is �
<br /> residing in the Praperty,Borrower sha�I ma.intain the Prop�rty in Qrder to preven�the Property fram de�eriorating or
<br /> de�r�asing in�alue due ta its condit��n.Unless�t is det�rmined pursuant�a 5ect�on 5�hat repair or restoration is not
<br /> �conomi�ally�easible,Borr�wer�hall pramptly r�pair the Property if damaged�o a�oid fur�her deter��ra�ion or damage.
<br /> If insu�ance or condemnat�an prQceeds are paid in connection with darnage�a,or�he takzng of,the Pr�perty,Borrower
<br /> shal�be r�sp�ns�ble for r�pairing or restaring the Prop�r�y onl�if Lender has released prace�ds fa�su�h purposes,Lender
<br /> may disburse praceeds far�he repairs and res�vration in a single payrnent ar in a series af progress paym�nts as�he w�rk
<br /> is�ompleted.If�he insurance or condemna�ion prac�eds are nat sufficient to arepair or restore the Praperty,8arrflwer is
<br /> na��relieved vf Borrower's obligati�n far the c�mp�etion af such repa�r ar restora�ion.
<br /> Lender or its agen�may make r�asonable�n��es up�n and inspec�ion�of�he Prop�x�ty.If i�has reasonabie cause,
<br /> Lendear may�nspect th��nte�iar af�he��apr��ements on the Pr�per�.Lender shall give Borrower no�ice a��he time of ar
<br /> prio�to such an in�erior inspection specifying such r�asonable cause.
<br /> S.BnrrQv�er's Laan Ap�lication,Borrower shall be in defaul�if,during�he L�an applYcation process,B�rrower or
<br /> any persans or enti��es acting at the direction of Barrovver or with Borrov�rer's know�edge��c�nsen�gave ma�erially
<br /> fa�s�, mi�Ieading, ar �naccu�rate informa�ion �r statements to Lender (�r failed �a pra�ide Lender with material
<br /> informat�on� in cannectian with�he Loan. Ma�erial repr�senta�ions includ�, �u� are na� 1imi�ed�o, representa�ions �
<br /> concerning Borrav�er's accupancy�f the Proper�y as Borrower's pr�nc�pal residen�e.
<br /> 9.Prntect�on flf Lender's In.terest in�he Proper��and Righ�s Under�hiS Security Instrurnent.If�a}B�rra�ver
<br /> fails t❑perform the�ovenants and agre�ments�antained in this Security Instrumen�,�b��here is a legal proceeding tha�
<br /> might significantly affect Lender's interes� in the PrQp�rty andlor rights under this Security Znstrument �such as a
<br /> proceeding in bankruptcy,prabate,for condemnat�an or fo�fei�ur�,for enfor�ement af a Iien which may a�tain pri�r�ty
<br /> over�his Secu�ifiy Inst�rurnen�or�o enforce laws or regulati�ns},�x��c}Borro�er has abandoned the Pr�pez�y,�hen Lend�r
<br /> may do and pay far whate�e�r is reasanable or app�ropriate to p�at�ct L�ender's znterest in the Proper�y and righ�s under�his
<br /> Secu�rity Instrurnent,including protecting andlar assess�ng th�va�ue af the P�roperty,and se�u.�ing andl�r repai�ring the
<br /> Property.Lender's actians can in�Iude,but a.�e no�limited to;{a�paying any sums se�ured by a lien vvhich has pr�ority
<br /> �ti�er this Security�nstrument;���appear�ng 1n cour�;and�c�paying reasanabl�attarney�'fees to pro�ect�ts inter�st in th� ,
<br /> P�operty andlo�rights under�his Secur�ty Inst�r�.unent,includi.ng its secured po��tion in a bankruptcy proceedzng.Securing ;
<br /> the Pr�perty in�ludes,but is no�l�m��ed t�,entering the Pr�perty to rnake repairs,chang�l�cks,replace or boaxd up doars �
<br /> and windo�vs,drain v�ater fram pipes,eiiminate building ar othe�c�de vialati�ns�r dan�eraus canditions,and ha�e
<br /> NESRASKA WSingle Family-Fannie Ma�lFreddie Mac UNIF�RNI INSTRUMENT Form,�Q28 '�tQ'�
<br /> Page6of�3 �,�
<br /> IDS,inc. gvrrower(s}lnitials � �
<br />
|