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201601676
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Last modified
7/23/2017 10:16:50 AM
Creation date
3/22/2016 8:57:37 AM
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DEEDS
Inst Number
201601676
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2� 1 �� 1 �7� <br /> an agreement is made in wr�t�ng or Appt�cahl�Law r�quires ir�ter�st ta be paid on su�h ir�surance <br /> proceeds,Lender sha�l not b�r�c�uir�d to pay Borrower any�nterest�r earn�ngs on such proceeds. Fees <br /> f�r public adjusters,or oth�r third parties,r�ta.ined by Barrower sha�l not be pa�d out af the insurance <br /> proceeds and sha11 be the sole�b�igation of Barr�wer.If the restoration or r�pair is not ecox�omical�y <br /> fe�.si�le or Le�der's security wvuld be Iessened,the �nsurance proceeds sha��be applied to t�e sums <br /> secured by this Secur�ty Instrum�nt,wh�ther ar n.ot t.�er��iue,��t1i the excess, if an�,pa�d t��3orrawer. <br /> Such insura.r�ce praceeds shall be applied in the order pra��ded for in Sectian 2. <br /> If Barr�wer ab�ndons the Praper�y,Lender r�a,y f�e,r�egotiate a�nd sett�e ari�available insurance <br /> c�aim and r��at�d matt�rs.If Borrower does not respond within 3�days to a n�tice from I�ender that <br /> the insurance carr�er has of�ered to settle a claim,then Lend�r may negotiate and settle the claim. <br /> Th.e 30-day p�riod w�ll begin vvhen the natice is g�ven. In e�ther event, or if Lender acquires the <br /> Pr�perty under Section��or at�ierwise,Borravver hereby assig�s to Lender�a}Borrower's rights to <br /> a.ny insurax��e�roceeds i�a.r�am�unt nat to exc�ed�e amaunts unpaid ur�der the N�te or this Security <br /> Instrument,and�b}any other af Barraw�r's rights(�ther thar�the right t�any refun�of un�a.r�ed <br /> � premiums paid by Borrawer�under aIl insuxance pa�icies co�ering the Praperty, itlsofar as such rights <br /> ar�applicable to the caverage of the Property.Lender may use the insuran�e proceeds either ta repair <br /> or restore the Proper�y or to pay amounts unpa�d under the Note or this Security Instrument,whether <br /> �or n�t then due. <br /> �. �c�u pa ncy. Borrower sha�l accupy,estab�tsh,and use the Property as Borrower's principai <br /> residence withiri 6�days after the execution�f this Security Instrument a.nd shall continue to occupy <br /> t�ie Property as B�rrower's prir��i�al�resic��n�e f�r at��ast�ne�ear after t�e da�e of occupa.r�cy,unl�ss <br /> Lender otherwise agrees in writing,which Gonsent sha��not�e ur�r�as�na�iy withhe�d,ar un�ess <br /> extenuating circumsta.nces ex�st wh�ch are bey�nd B�rrower's control. <br /> 7. Preservat�an, I�Aaintenance and PrQtecti�n �f the Pro�erty; lnspectior�s. Bor�avver <br /> shal�n�t destroy,damage or impair the Praperty,allow the Proper�y to deteriorate ar commit waste <br /> on the Property. Whether or nat Borrower is residing in the Pr�perty,Borrower shall maintain the <br /> Property in arder to pr�vent t�ie Property from deteriorating or decreasing�n�a1u�due to its condition. <br /> Unless it�s determined pu�rsuant tn Sectian 5 that repa�r�r restoration is n�t economically feas�b�e, <br /> Borrower shal�prorr�pt�y repair the Proper�y�f cl.amag�d to a�oi�i further�l�teriara�i��or damage. <br /> If insurance or condemnation pr�ceeds ar�paid in conr�ection w�th damage t�,or the taking of,the <br /> Property,Barrower sha�l be respansib�e for repairing or r�staring the Property only�f Lender has <br /> released proceeds for such purposes.Lender may disburs+e pr�ceeds for the repairs and restaration <br /> in a sing�e payme�t ar�n a series of pragress payments as th�wark is cnmpleted.If t�e insurar�ee or <br /> conde�nation prac�eds ar�n�t sui�"icient�o repa.ir��r�stor�the Pr�perty,B�rrav�er is not re�ieved�f <br /> Borrower's obligation for the completion of such repair or restoration. <br /> Lender or its agent n�ay make reaso�able�ntri�s up�n�d i�.�spectia��s�f the Pro�erty.I�it has <br /> reas�nable cause,Lender may inspect the�nterior af the im.pra�ements on the Property.I�ender sha11 <br /> giv�BorroWer notice at the time of or prinr to such an inter�ar�spect��n specify�ng such reas�nable <br /> cause. � <br /> 8. Borrower's Loan►Application. Borrower shall be in d�fault�f,dur�ng the I.�oan application <br /> pro�ess,Borrower ar any persons or en�it�es act�ng at the d�rection af B�rrnwer or with�arrvwer's <br /> knawle�ge or cansent ga��materia�ly false,misl�ading,�r inaccurate�nformat�or�or sta�tements t� <br /> Le�der��r failed ta pr���c��L�r�der vvit�mater�al inf�rmati�r�}ix�c�nriecti�n with th��oan.Material <br /> ��oo5sa�7s <br /> NEBRASKA-Singfe Famiiy-Fannie MaelFreddi�Mac UNfFQRM INSTRUMENT Fo�m 3D28'#ID1 <br /> VMP� ���� <br /> Walters Kiuwer Financial Services 2��fi0311�5.3.�.34D6-N2�151 Q19N Page 7 of 1� <br />
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