|
2� 15�83�4
<br /> da�age�o, ar des�ruc�ion af,�h�Proper��,sL���a.polxcy sha���nc�u.de a s�anda�-d mor�gage c�aus�and shall
<br /> �am�Lender as mor�gag�e andloz•as an addzt�ana��oss payee.
<br /> In�he even�of 1nss;B�rrawer slza�l gi�e promp�no�ice ta�he i�st�r�.n�e c�.rrier and Lender,Lender may
<br /> ma��e pro�f of I�ss if nn�made�romp�ly by B�rrawez•.Unless Lender and Barrower�thervvise�.gree in
<br /> v�r���ng,any�nsu�ance pr�c�eds,whe�her�r�.o�:�he ux�derly��.g insu�ance was required by Lender,shall
<br /> be ap���ed ta��s�arat��n or repa�x;of the Prop�r�ya�f��a:e restora�xo�or repa�r zs ec��.om��a��y feasi��e and
<br /> Lex�der's secur�ty is no��es��ned.I�ur�ng sti�ch re�aa�r and res�orat�or�per�od,Lender sha�l have t11e rzgh�
<br /> �a ho�d such inst�rance px���ec�s u�.�i1 Lender h�.s��:ac�an�pp�rt���l�ty�o ins��c�such Pr�p�r�y�o�zasure
<br /> �hc w�r�f has 1�ee�.cflm�Ie�ed�o Le�.�der's satisf�.�tzo�.,pr�vid�d t��a�such insp�c�t�on sha�l be un�.�r��.��en
<br /> �ro�n���y.Lender rriay��sb��rs�prnc�eds for��1�xepairs and res�ora��a���n a si�lgl�p�ymer��or�n a ser�es
<br /> af prog�ess paymen�s as�he worl��s comple�ed.Urzless an a�reemen��s m.ade in wr���ng or App�zcahle
<br /> L�.�u rer�uir�s i-��er�s�to b�pa��an sL��h�nst�rance praceeds,L��ac�er shalx no�be required�o p�y Borrawer
<br /> �.1zy iz�.��rest o��a�-riings o11 s�.ch pro��eds. Fe�s fflr pub�i�a�.jus�ers, or oth�r��zird p�r�ies,r��a�ned by
<br /> Borrovver shall nat be paid au�flf�h��nsL�r�.�ce�roceeds�.nd sha�I be the so�e ab�iga�i�n af Bot�rower.
<br /> If�he r�stor�,tzon a�r repair�s no�ecti�.�mi�a�ly feasibl�flr L�nder's se�t�rz�y,t�oL��d b�less�ned,the
<br /> insu�ance proceeds shall be app�zed�o the sums secured by thi.s Secut�ity Ins�z�.xment,whe��ae�•�r no���ien
<br /> due,�w��h�he��cess,if any,�a�d�o�3 orrower. Such inst��:a�ce proceeds shal�be applied x�th�orde�
<br /> ,
<br /> provided far ir�Sec��on 2.
<br /> If Borrower abanc��ns�he 1'raper�y,.Lend�r may f��e,neg���ate an�.set�I�a�.y avai��.Ule��.sLlranc�c�aim
<br /> and r��a�ed�nat��rs,If�orr�vv�er d.oes n�t r�spon�.���hin 3�days�o a r�o�zce from Lenc�er that the�nst�rance
<br /> �arr�er��as ofFerec��o�e����a clai��n, �h�n Lender i�nay negot�a�e ax�d set��e�he��aim., T��e 3�pday�erio�
<br /> wi11�egi�z whe�.t�1e notice zs givei�, In e�the�•everi�, or if Lender acc�uzres the Property under Sec�ion 2�
<br /> or o�h��°vvise, Bo�rrower h�reby assi��s to Le�zder�a}Bo�r�w�r's ri�hl:s ta a�y insurance praceec�s i��an
<br /> �.maun��.ot�o��.ceed�he aznou��s ur�paxd�a.r�der�.�e Na��or�his Se�ur��y Tns��uin�nt, and�b�an�ath�r
<br /> o�Borrowet�'s r�gh�s �at�Zer than�he��gh��o�.ny refund of unearn,ed premzums pa�d 1�y B�rrower]ur�d�r
<br /> a1�ir�s�.���nce po�xcaes cove�ring�;h�I'��per�y, in�oF�.r as sl�ch.right�a�e app��cab�e to�he cover�.g��f th�
<br /> , Pr�pe�f:�,Lender may use�he insur�.r�c�pr��eeds ei�ller to r�pazr or rest�re�he Proper�y�r to pay axn�u�l�s
<br /> ixnpaid�.�nder the No�e or t�xs S��t�ri�y Ins��l�men�,�het�er or na��hen due.
<br /> 6.�c�upancy.Borto�er sha�l�c�L�py,es�al�I�sh,and use�:he Propertiy as Bor����ver's prz�zcipal�i�s�der�ce
<br /> wi�hin�� days af�er�he exec�xtior�of thxs Sect�rity Instru.men�ar�d sT�a11 c�n�inu��o occ�.�py the Pr��e�ty
<br /> as Borravver's prxncipal resxdence for at l�as�oz�e year af�er�he�a�e�f flccupancy,L��1ess Ler�d�r o��.e��vvise
<br /> agre�s��v�ri��r�g,vvh�ch cor�ser���h�.��nat be unreasonab�y vvi�hhe�d,or�.�n�ess�x�enua�ing c�r�L�ms�ar�ces
<br /> ex�s�v�rh�ch�re�eyo�.d B�rro�erps�o�trol,
<br /> �d Pr�s�rva�iar�, l�ain��r�an�� and Prote�tion �f�h� Pr�pe�ty; Inspec��an�. Borrower sha1l
<br /> no��ies�xoy, c�a�nage or impair��11�I'roper�y, allow the Praperty�o deter�ora�e or commi�vvas�e on�h�
<br /> Proper�y. �VL�heth�r or�ot Bo�-o�v�r zs�ees�d.zng in the I'roper�y,Bo�*�ower sha11 mai�.ta�n�h�P�oper�y xn
<br /> orc�er�o prev�za.��he Praperty froi�.de1;�r�or�.tz�g or de��e�s��1�;in v�Iue due�o its ��nd��xan,Unless it�s
<br /> de�ermined pt�rst�an��o Se�t�on 5�ha�re�a�r or restor�.�ian is�aat econamxcally feasib�e,Ba��row�r sh�.1�
<br /> promp�Iy rep��r�he Pro�ex�y x�'d�.m�.ged�o �.void fi�r�her de�ez�oratiar�ar darn�.ge. 7f��Zsurat�ce or
<br /> co�dern.na�iar�proceeds are paxc�in can�ec�iox�vvx�h dam�ge�o, or�h��a��ing of;�he Proper�y,Bol7ower
<br /> shall b�respor�sible far re�airir�.g or z-es�o���ng the Pro��rty�nly iF Lender has released proceeds fo��such
<br /> HCFG-043�9
<br /> NEBRASKA-Single�amily-�annie MaelFreddie Mac IJNIFC}f2M INSTRUMENT Form 3�2a�1��
<br /> VMP�3 �71��
<br /> Wolte�s Kluwer Financiaf Servlces 20�5��3Q�5.2.2:3298-J20�5�728Y Page 7'af 17
<br /> * 73954�7152�6*
<br />
|