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201506958
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Last modified
7/21/2017 8:36:15 AM
Creation date
10/9/2015 10:20:40 AM
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201506958
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��15���58 <br /> d�:xnage�o, or destru�t�on of,�hc Pra�er�y,such�ol.�cy s��l��nc�uc�e a staza.dard mort.gage��a-use and�ha�� <br /> rname Lend�r�s m�r�gagee andl�r as an addi�iona�lass p�.yee, <br /> In��e�vex1�of 1oss,Barro�v�r sha��grv�p�r�rnpi:notice t�t�e insurance carrier�nd i,enc�er.Lender�nay <br /> m�.1�e pr�flf of loss�f not made pr�mptly by�-3orrow�r, Unless Lenc��r�.nd Bor�o�er o�her�vise agree�zl <br /> wr�ting, an��nsura�ice proceeds, vsrhether��°�ot the underlyin��nsur�nce was require�.by Len�.er, sha�� <br /> be appl�ec���res�ora�i�n or repair a�th��'�ra��r�y,if�:he restora��on or�e��.�r is ec�n�xriic�.Ily�'easible ax�d <br /> Len�er's securz�y�s t�o��essened.Dur�ng suc��r�pa�r�.n��r��tar���an per�:od,L�nder sha�l have�he r��h� <br /> �o hQ�d such i�su.xanc;e p�oceec�s unt�X I��nc���has h.ad�.�.op�or�t�n��y�a ir�spec�such Pr�per�y to �r�suz e <br /> the vt�or�h�s�a�e�1 compl��ed-�n Ler�de�•'�sat�sfac���n,pro��.d.�d th��such�nspect�on sh�.��be u�c�er�aken <br /> prompt�y.I,end�r�nay disburse pro�e�ds for the re�airs arld r�s�ora���n in a si�.g�e p�.yme�.t ar i�a s�ri�s <br /> of progress p�ym�r�ts as�he wark is c�mp��t�do Ur��ess�.n agr�erner�t is m�.d�in�vri��ng ar Appli�ab�e <br /> Law r�c�uir�s zn��res��;�be paid on such ins�,�r�r�.ce procee�.sy Lenc�er sh�.11 nat be renuired to pay B�rroVver <br /> an�ir�teres�or e�.rnings an.such proceedso F��s for pub��c a�justers,ar ot�er third par���s,re���ned by <br /> B�rroW�r:sh�.l�n���e pa�d ou�of�he znsurax�.ce�roc�eds�:nd shall�e the so�e ab�ig�.�io�.of Borro�ver. <br /> If�hc res�ar�.ti�n or rep�.ir�s no�eco�lo�za.zcally feasible or L��Zder's security�ou�d�be lessened,�he <br /> ir�sur�.nce p�oce�ds sh.a11 be app��ed to�h.�s�.xns secured by�h�s Secur��y Ir�strument,�he�her or no�then <br /> c�.ue,w��h�h�e��ess, �f any,paid�o B�r�-ov��re Suc�i ilzsurat�ce proce�ds sha1�be app�ied in�he order <br /> pro�ided f�r in Sect�on�. <br /> If Borrav�er abanc�ons the Pro��r�y, _L.end:er m.ay fz�.e,�:�go����e anc�sett��any ava�lab�e ir�surar��e c�azm <br /> �.r�d related m���ers.If�3orrower does nat resp�nd v5rx�h�.n 3�days t�a notic�from Len�er�h�.t�he��lsurance <br /> c�.rrier has offer����0 5eL�1e a�l�.im,then Lender may�.egat���e an.d sett�e th�c1a�m.The 3�-d�.y perifld <br /> wil�beg7.n whe��h�notice�s giVer�.I�.either�ve��, or x�Ler�der acc��.�i�cs�he�'rop��y�u�c�e�Sec���n 22 <br /> or a�her�r�s�, Ba�-ra�ver her�l�y ass�gns�a Lend.er���Borrawer's rights�o an�insurance pra�eec�s�n an <br /> amau�t no����xc�ed�he arnoLuz�s un�a.i�.�.nc�er��.e I�o�e or�h�s S ecur��y Instr�.�rnent, and��}a�zy oth�r <br /> of Borr�v�er'�ri�hts�ather�han the.r�ght�a a�y refunc�.of unearnec�premzum�pa�d by Borravver�ur�der <br /> �.�.��risur�.���p�licies �overing�he Pro��r��,�z��ofar�s such righ�s are app�icable�o the c�verage of�he <br /> Proper�y.Ler�de7•rr�.�.y use Lhe Ynsuran.ce proc�e�s e��h.er to rep�ir ar res�tore the Prop�r�y or�o p�.��,maunts <br /> ur��aid under�he Note a��:his Secur��y Ir�s�r�.�rx�.�n�, �rh��her or no��hen du�. <br /> �. [�c�upan�y.Borrav�er sh�.�l�ccupy,es�:a�lish,�.r�d use�h.e Proper�y�.s Borravver's princxpal resider��e <br /> v�ri�h��.��da�s�fter�he execu�ion Qf���zs�ecurity I�Zs�rurnen��r���s�.a�l cont7nue to occupy�.he Proper�y <br /> �s Borro�uer's princip�.l r�sidence for a��e�s�ane year�.fte�the�.�.te of o�c�.�pa�.cy,un�ess Len�.�r o�he�-v�ise <br /> �.grecs in vvriting,wh�ch conseri�sh�.11�.o�1�e Lin�easo�l�.bly v�r����1�1�,ar u�less e���nua�ing cxrcumstan�es <br /> exis�v�hich are b e�ond B orro��v�r's cQn�ro�. <br /> 7� Pr�ser�at��m, iV��in���nar�c� and Pr���ct�on of�he F�rop�rty; Inspe�t��ns� Borrawer sha11 <br /> no�destxay,damage ar�mpair the Proper�y,allow�hc P�r�pert��a de�e�iorate ar c�mr�.�v�ast�flx��he <br /> Pra�er�y.tiVhe�her�r�o�Borrower�s�res�ding�n�he Prope�y,Barrawer shall rnai��ain�he Pr�per���n <br /> order�a pre�r�x���he Pr�perty frflm deteriara�i�g or de�r�asin�1n valu�due��its condx��on,LJr��es5 i��s <br /> d�termined pur.sua.nt�o �ec�i�n 5 th�.t rep�ir ar r�storat�o�.is nQ�eear��m�ca��y fe�sible,Borrow�r sha�1 <br /> promp�ly repair�h�Pro�p�r�y�f c�am�.ged to�void.fzirthcr dcteriora��an�r damage.If i��sur�x�ce�r <br /> �o���e�nn�.tl.��n procee�.s ar��a�c�.�r�co�.nectian vvith��m�.ge to, or�he t��ir�g of,the Pro�er�y,Borr����r <br /> sha��be res�aanszb��far r�pa�r�r�g or res�or�ng�he Pr�perf;y on��ifLen�.�r h�.s re�eased pr�ceec�s far su�h <br /> HCF'G-04359 <br /> NE6RA5KA-Single Family-Far�nie Mae�Freddie Mac LlI�I��RM INSTRUM�NT �Q�m�p2g q��� <br /> VMf'� 03115 <br /> Wolters Kluwer�inar�cial 5er�ic�s 20�5�042�5,�.p.3�37-J2��5D506Y Page 7 of�7 <br /> * �D 52� 2�9* <br />
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