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201506296
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Last modified
7/21/2017 8:14:16 AM
Creation date
9/15/2015 11:33:16 AM
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DEEDS
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201506296
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��1 5����� <br /> be applied to restoratian or repair of the Property,if the r�storation or repair�s econarnically feasible and <br /> Lender's�ecurity is not lessened.L�uring such r�pair and restoration period,Lender shall ha�e the right <br /> ta hQ�d such�nsurance proce�d�unti�Lend�r has had an�ppvrtunity�o inspect such Pr�perty t�ensure <br /> �he wvrk has been�om�le�ed to L�nder's satisfacti�n,pravided that such�nspection shall be undertaken <br /> pr�rnptly.Lender may disburs�praceeds f�r the repairs and res�aration in a single payment ar in a s�ries <br /> of�rogress payr�ents as t�e wark is c�r��leted.L�nl�ss an agr�ement i�mad�in writing ar A�plicable <br /> Law requires interest tQ b�paid on such insuranGe proceeds,Lender shall not be required t❑pay Borrower <br /> any interest ar earn�ngs�n such proc�eds.Fees for public adjusters,ar other third parti�s,re�ained�y <br /> B�rr�wer sha��nat be paic�out of the�n�urance pro�eeds and sha.�]be th�sole obligat�on of Borrawer. <br /> If the restoration or repair is nat economicall}�feasible ur Lender's security would be lessened,the <br /> insura�ace proceeds shaii be applied to the sums secured by th�s Se�urifiy Instrument,whether nr not then <br /> due,w�t�the�x�ess, if an�,pa��to BQrr�v�re�.Such 2ns�.ran�e prQceeds shall b�applied in the order <br /> pr��id�d for in�ection 2, <br /> If Barrower a�andans the Prop�rty,Lender rnay f Ie,neg�tiate and settle any availab�e insurance clairn <br /> and related matters.If Bar�awer does not respond wi�hin 3�da�s to a notic�from Lender that the insurance <br /> carrier has affer�d ta settie a claim,th�n L�nd�r may negatiat�and sett��the claim.Th�3�--day periad <br /> will�egin when the noti�e is gi�en.In either e�tnt,or i�Lender a�quires the Property under Section�2 <br /> or otherv�ise,�nrrnwer h�reby assigns tv Lender�a}Borrower's r�ghts t4 any insurance�raceeds in an <br /> amount not t�exceed the amaunts unpaid under the Note or this Se�urit��nstrument,and�b}any other <br /> of Sorrower's rights�other than the right to any refund 4f unearned premiums paid by Borrawer}under <br /> all insurance policies covering the Property,insofar as such righ�s are appli�al�le to the co�erage of the <br /> Property,Lender may use the insuranc�proceeds either ta repair or re�t�re the Froperty or tv pay annaunts <br /> unpaid under the N�tie ar this Security Instrumenf,vwhether or n�t then due, <br /> 6.4c�upancy.Borror��r shall occupy,establish,and use the Property as Borrvwer's principal residence <br /> within��days aft�r th�execution of�his Security Instrum�nt and shall c4ntinue to oc�upy the Prop�rty <br /> as B�rrower's principal re�idence for at�east vne year af�er the date of�ccupancy,un�ess��n�er atherv�ise <br /> agrees in writing,which cons�nt shall nat b�unr�as�nably wi�hh��d,�r t�nless ex#�nuating ci�cumstances <br /> exist vvhich ar�beyond B�rrovwer's ctintrt�l. <br /> l. Preservation, IlAaint�nance an� �rotectivn of the Prrsperty; Inspe�tions. 8orrow�r shall <br /> nat destroy,darnag�or impair the Prop�rty,allow�he Fraperty to deteriorate or cvmmit vWas�e on the <br /> �'r�perty. �Vhet�er or no�Borrower is re�iding in the Pr�pert�,B�rrower sha�1 main#.a.in the Pr�perty in <br /> order to pre�ent the Property fr�m deteriarating or decreasing in�ralue due tv its condition.Uniess it is <br /> determined pursuant to 5ectian 5 that repair 4r restorativn is not ec�nc�mically feasible,Bvrrower shall <br /> pror�pt�y re�air t�e Prvper�y if damaged�o auaid furth�r deterioratian ar damage.If insuran�e ar <br /> cflndemnati�n pr��eeds are paid in connection with damage t4,ar the taking of,the Propert�,Barrawer <br /> shal��e respansible for repairing ar restarir�g the Praperiy only if Lender has rel�ased pro�eeds fflr such <br /> pur�Qses.Lender may d�sburse proGeed�f�r�he repairs and restoration in a singl�payment ar in a series <br /> of progre5s paym�nts as the w�rk is��rnple��d. If�he insuranc��r cgndemna�ion proceeds ar�not <br /> sufFicient to repair or r�store the Property,Borrower is nat relieved of Barrawer's obligati�n for the <br /> comp��tro��f such repa2r ar restorat�on. <br /> HCFG-�Q358 <br /> N�BRASItA-Single Family-Fannie Mael�reddie M8c UNkFflRM INSTRUMEhIT F�+'Tri�4�8���� <br /> V�p� 43l15 <br /> Wolters Kluwer Financial 5ervivas 2�15D81715.2.U.3�37-,f��15�5�6Y Page 7 vf 17 <br /> `1 1 <br />
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