My WebLink
|
Help
|
About
|
Sign Out
Browse
201602563
LFImages
>
Deeds
>
Deeds By Year
>
2016
>
201602563
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/23/2017 10:54:05 AM
Creation date
4/28/2016 9:11:32 AM
Metadata
Fields
Template:
DEEDS
Inst Number
201602563
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
17
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
2� 1 ��25�3 <br /> Ail �nsuranc�po1�c��s required by Lender and renewa�s �f such paiicies shali be su�ject�o I,�nder's r�gh�to <br /> disappr��re such pol�c�e�, shal� in�lude a s�andard mor�gage c�au�e, and sha�I name Lender as mor�gage� <br /> andl�r as an additiona���ss pa�ee. L�nder sha11 ha�e�he right to haid the policies and renewal cert�fiCates. �f <br /> Lender requiresy B�rrower shali prampt�y give�o Len�er ai� rec��pts of pa�d premiums and renewa� nat�c�s. <br /> If Borrow�r obtains an�r f�rm�f insurance caverage, not o�her�vis�required b� Lender, for damage�o, or <br /> destruction af, the Pr�pert�, such pol��y shali inc�ude a standard m�r�gage clause and sha��name Lender as � <br /> mor�gagee andlor as an ad�.iti�nal �oss payee. <br /> �n�he e�v�n�of loss, Bflrrower sha11 g��e prompt no��Ce t� �he insurance carr�er and Lender. Lender may <br /> make proof of lass if nat made pramptly b�r Borrov�r�r. Unless Lender and B�rrower o�herv�ise agree�n <br /> wr���ng, any znsurance proceeds, �vhe�her or not the underiying insuran��v�as r�qu�red by Lender, shall be <br /> appl�ed�o restorati�n�r r�pair of�he Praperty, if the res�orat�on ar repair is economica��y feas�ble and <br /> Lender's securi�y is not Iessen�d. During such repair and r�st�ration per�od, Lender shal�ha��the righ�to <br /> hold such �nsurance pro�eeds unt�� L.�nder has had an oppar�un��y�o inspect suc�Proper��r��ensure�h� <br /> wark has been camp�e�ed to L.ender's sa�isfaction, pro�vi�ed tha�such inspectzon sha��be under�aken <br /> promptly. Lender may d�sburse proceeds for the repa�rs and res�oratian in a s�ng�e pa�rment or in a series af <br /> progress pa�men�s as�he work�s c�mp�e��d. Un�ess an agreemen�is made�n�rri�ing o�Appl�cab�e Law <br /> requ�res �nterest t�be paid an�uch�nsuranc�praceeds, Len.der sha�� not be requir�d��pa� Barrawer an.� <br /> interes��r earn�ngs on such prace�ds. Fe�s for pub�ic adjus�ers, �r�ther th�rd par�ies, retained by Barrower <br /> shall no�be pa�d ou�of the�nsurance proc��ds and sha��be the sa�e obligat�on of Borrow�r. �f�he restara�ion <br /> �r r�pa�r is no�econamicaXxy feasibi�or Lender's secur��y wou�d be��ssened, th�insuranc�prflceeds sha11 be <br /> app�ied ta the sums secured�y th�s S�curity �nstrumen�, whe�h�r or not�hen due, with�he excess, �f any, <br /> pa�d to Barrawer. Such insuranc�proceeds sha��be appiied �n the arder pro�ided f�r in S�c�ian 2. <br /> If Borrower aba.�.dons the Pr�per��, I.�nder ma� ���, negotiate and set�le any a�ai�able insuranc�claim ar�d <br /> related ma���rs. If B�rrower daes not respond within 3�days t� a no��ce from Lend�r tha���e insurance <br /> carr�er has offered�o se�tle a ciaim, then Lender�may negot�a��and�ettle�he cla�m. The 34-day per�od will <br /> beg�n when the notxce�s gxven. �n ei�her e��nt, or�f Lender acquxr�s�he Proper�y und�r Sect��n 22�r <br /> ��herwise, Borrav�er hereby ass�gns to L�nder�a} B�rrower's r�ghts ta any insurance procee�s in an amaunt <br /> not��exceed th�amounts unpaid under�he No�e or�his Secur�ty Instrumen�, and�b} any o��er of <br /> Borrower's r�gh�s ��ther than�he right�o any refund af unearned pr�miums paid hy Borrower�under a�l <br /> �nsura�ace�alicies�o�er�ng th�Proper�y, �ns�far as such righ�s are applicable�o the co�erage�f the <br /> Proper��r. �ender may use�he�nsurance proceeds ei�her�o repair ar res�ore th�Property or�o pa�amounts <br /> unpaid under the N��e or�his Secur��y Instrument, whe�h�r�r not then due. <br /> 6. t7ccupancy. Borrov�er sha11 oc�upy, es�ablish, and use�he Property as Borrower's princ�pai residenc� <br /> w��h�n G4 days after the execution af�his S�curity Ins�rumen�and sha�� con��nue to occup�r the Pr�per�y as <br /> Borrower's pr�ncipa� res�dence for at�ea��ane�r�ar after the date of occupancy, un�ess I�:nder o�h��-vv�se <br /> agrees in wr��ing, which consent shall not be unreasonabiy v�i�hheld, or un�ess ex��nuating c�rcumstances <br /> e��st which are bey�nd Borrawer's contral. <br /> 7. Pres�r�at�on. Maintenan�e and Prat�ctian af the Pr�perty; �nspectivns. B�rrower sha�� not destroy, <br /> damag�or xmpair the Pr�per�y y a�low the Proper�y to deter�ora�e or commi�was�e on the Proper�y. �hether <br /> or no�B�rrower�s residing in�he Prop�r�y, Barr�wer sha�� ma�n�a�n�he Prnper�y zn ord�r�o pr��ent the <br /> Property from deteriara�ing or dec�eas�ng in�alue due�o �ts candition. Un�ess it is d�termined pursuan�ta <br /> Sec�ion S tha�repa�r or restorat�on is n���c�n�mical�y feasible, Sarravver sha��promp�ly repa�r�he Pr�pert� <br /> if da7maged�o avaid fur�her deter�ora�ion�r damag�. �f�nsurance or c�ndemnat�on pr�ceeds are pa�d �n <br /> connec��on with damage�o, or�he taking of, �he Praperty, Borrovver sha11 be responsi�le for re�air�ng�r <br /> r�storing�he Praperty�n�y if Lend�r has reieas�d pro�e�ds for such purposes. L�nder may d�sburs�proceeds <br /> NEBRASKA-Singte Family-�annie Ma�l�r�ddie Mac L3N�F�RM INSTRUM�NT Farm 3�28�10� <br /> VMP[� <br /> VMP��N��[13�2� <br /> Walters Kluwer�inan�ial 5er�ices Page 7 af 17 <br />
The URL can be used to link to this page
Your browser does not support the video tag.