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201603912
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Last modified
7/24/2017 2:16:31 PM
Creation date
6/24/2016 1:38:02 PM
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DEEDS
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201603912
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2� 1 ��3912 <br /> In�he e�ent af l�ss, Borrovver sl�aIl gi�� prompt i�o�ice to th� insura��ce carrier a��d Lender. Lende�- <br /> may make proof of lass if i�at made pro��nptly by Borrower. Uilless Lender at�d Borrower�ther�vise <br /> agree in �vri��ng, any in�urat�ce proceeds, wl�ethet•or��ot the under�ying i��surai�ce �vas re���ired <br /> by Lender, shall be applied to restoration ar repair nf�he Property, if tl�e restflration �r repair is <br /> ecotla�r�ically feasibl�and Letlder's sec«rity is tzo� �essei�ed. Dur�a-�g s�icl� repair and restflratioil period, <br /> Lender shall ��a�e t��e righ�ta h�ld such �nsurance proceeds u���il Leiider has ��ad a�� ❑pportuni�y t� <br /> i��spect such Propet�y to ensure�l�e work has been com�leted to Lender's satisfaction, pro�ided ���a� <br /> sucl� inspection shall be ut�dertake�� promptly. Le��der may disburse proce�ds for t��e repa�rs and <br /> restaration in a siz�gle payinetlt or i�� a series of pra�ress paytnents as t��� wark is cotr�pleted. Unless <br /> an agree��nent is made i�� �vritit�g or Applicab�e Lavv req�rires �r7ter�st to be paid o�� s��c�� ir-�s�.�rai�ce <br /> pr�ceeds, Lender shall not be required�o pay Borro�ver any ir�terest or earj�ix�gs o�� such proceeds. Fees <br /> for publ�c ad�usters, �r otl�er th�rd par�ies, retai ned by Borror�ver sl�a�1 not be paid c�ut af the i t�sLirance <br /> proceeds ai�d shal� be th� sole obiigatiat� of Borrower. �f the restoratio�� or repair is nat ecor�otnicaliy <br /> feasible or Lender`s securi�y would be les�ened,the ins�rz•ance proceeds shall be applied to t��e sums <br /> secured by this Security Instrui�e���, �vl�et��er or��ot t��en d�ie, witl��l�e excess, if'any, paid to Borrovver. <br /> Such insuranc� pr���eds s��all be app�ied it�the�rder pra�ided far in Secti���2. <br /> If Borrovver aba��d�r�s th� Yraperty, Lender may fil�, ��e�fltiate ar�d settle any a�ai�ab�e insLirance <br /> claim and related ir�atters. IF Bor�•o�ver dc��s not respond witl�it� 3� days t� a���t�ce from L�nder t��at <br /> the insuraz�ce carrrer has offered to settle a claim, then Lender�r�ay negotiate and se�t�e the c�aii�n. <br /> The 3�-day perrod wil� begi» �v��e��th� �zotice is gi�en. Ir� eitl�cr e��:nt, or if'Le��der acc���ires the <br /> Pr�perty under Sectio�� 22 or at[�et•wise, Bo�-rflvv�r l��r�by ass�gns t� Let�der�a} E�orrovver's ri�ht�to <br /> ar�y insurance proceeds it� an a��nfl�ii�t not�o excc�d�l�e amounts unpaid �inder the Note or this Security <br /> Instrument, and �b�a��y otl��r�f B�rrower's r��hts �at��er tl�a�7���e ri�,ht to a��y rtf«nd of unearned <br /> prem�ums pa�d by B�rraw�r} ut�der al� itzs�lra�-�ce policies co�ering���e Prop�rty, insofa�•as s�rc�� r�gh�s <br /> are applicable to the co�era�e of the Pr�perty. L�nder inay �ise the ir7s��rat�ce p�-oc�eds e��her�o repair <br /> �r res�ore th� Property �r to pay a��nou�lts u���a�d t���der the Note or t��is Security Ii�strument, w�1e�l�er <br /> or r�at tl�eiz due. <br /> �. ���upan�y. Borr�wer s�7all occ��py, e�tablis��, aild use t�ie Propet-�y as F3orrovver's prit�cipal <br /> residet�ce within 6� days after tl�e execu�io�� of this Security Znstru�n�nt ar�d shalI cot�tinue tio occupy <br /> the Property as Barrower's princ�pal res�de��ce for at least o��e year after tihe date of accupancy, unIess <br /> Lender�ther�vise agrees �n w�-�ti���;, wl�icl� collse��� shall ��at be ��nreaso��ably witl���eld, or unless <br /> ex�enuati t�g c i rcums�ances e��i st wh i ch are beyo��d L�rror�ver's co��tro�. <br /> 7. Preser�ation, Maintenan�e and Prot�ction of the Property; lnspectians. �3�rrower <br /> s��all not destroy, da�nage or i�npair the Prope�-ty, a��aw t��e Property to deteriora�� or coi��mit waste <br /> or�the Property. '�Vi�ether or z�at 13orrower is r�5idit�g it�the Praperty, Borrower�l�all �nai���ait� t�i� <br /> Praperty it� order to pre�er��t��e Pr�p�r�y fro�n deterior•ati�zg or decr�asin� i�� �a����due to its co�iditian. <br /> U��less it is determined pursuan�to Sectiot� 5 t��at repa�r or r�storation is ��ot ecot�nanica�ly feasible, <br /> Borrower shall pr�tnptly repair t��e Pro�e�-ty if datr�a�,ed to a�oid furt��er deter�oratian or dama�;e. <br /> If insurance or cat�detnnatian pro�e�ds are paid iz� co����ec�ion �vitl� da�1�a�,e to, or the talcit�g of, �he <br /> Praperty, Sorrawer sl�all be �-espot�sible �or rcpa�r����,or restorit��t���: I'��op�rty o��iy if L�i�d��r-��as <br /> r�leased pr�ceeds f�r sucl� p��rposes. Let�der may d�sburse proceeds �or�hc� repairs aiid restoratio�� <br /> in a sin��e payme��t ar in a series of pra�ress pay�7�ents as th� work i5 co��np�eted. I f the i�75uranc�or <br /> cal�demnatior� proceeds are not suff cieilt to repair or r�estare tl�e Yroperty, Borrow�r is zlot reI�e�ed of <br /> Borrorn�er's obiig;ation far tl�e co��npl�tio�� of'such repair or restoratio��. <br /> 23�D41�1�4 <br /> NEBRASKA-Single Fam�ly-Fann�e MaelFreddie Mac UNIF�RM�NSTf�UMENT �arm 3�28 11�1 <br /> VMP� 1�12�15 <br /> Wvlters Kluwer�'inancra!Services 2�1606�E�fi�#3555-N2016Q1�6N p���,af�g <br />
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