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201604087
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Last modified
7/24/2017 2:25:00 PM
Creation date
7/1/2016 12:56:02 PM
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DEEDS
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201604087
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2� 1 ��4�87 <br /> be under�aken promptly.Lender may d�sburse praceeds f�r the repa�rs and restara�ion in a single payment or in a series of <br /> pra�ress payments as the v�ork is c�mpleted.Un�ess an agreement is made in vvriting or App�icab��Law requ�res interes� <br /> to be paid an such insurance proceeds,Ler�der shall not be required�o pay Borrovver any in�erest or earn�ngs on such <br /> proceeds.Fees for publzc adjusters,ar vther third par�ies,retarned�y Borrav�er sha��no�be paid out af�he insurance <br /> proceeds and sha�l be�he sole obligatian�f Barr�wer.Ifthe resto�at�on ar r�pair is not economically feas�ble or Lender's <br /> security would be Iessened,�he insurance proc�eds shall be app�ied to the sums secur�d by th�s Security Instrument, <br /> wh��her or not then due,wi�.h the ex�ess,if any,paid to Borro�'er.Such insurance proceeds shall be app�ied in�he order <br /> pro�ided for in Sec�ion 2. <br /> If Borrower abandans�h�Proper�y,Lender may fi�e,negotia�e and settle any available insurance c�aim and related <br /> mat�ers.�f Borrower does not respond vWithxn 3a days ta a notice from Lend�r that the insurance carrier has offered�fl <br /> �ettle a cla�m,�hen Lender may nego��ate and s�t�le�he�Ia�m.The 3�wday peri�d wili begin when the natice is gi�en.In <br /> ei�her e�ent, or if Lend�r acquires the Property under Sec��on 22 ar otherwise, Borra�rer hereby assigns to Lender <br /> �a}Sorrawer's rights to any insuran�e proceeds in an amaunt no�to e�ceed the amounts unpa.id under the No�e or�his <br /> Secur�ty�ns��umen�,ar�d�b}any ather of Borrawer's righ�s�other�han th�right to any refu�ad of un�arned premiums paid <br /> by Barrav�er}under al��nsurance po��cies co�e�ing the Praper�y,insafar as such rights are applicab�e ta the co�erage of <br /> the Property.Len�ier may use the�nsurance pr�ceeds e�ther�a reparr or�estare�he Property or to pay amounts unpaid <br /> unde��he Note or th�s Secur�ty�nstrum�nt,whe�her or nat then due. <br /> 6.�ccupan�y.Borrower sha11 occupy,establish,and use the Property as Bor.�vve�'s pr�ncipal residence within�D <br /> days after the execution of this Security�nstrument and shall continue ta�ccupy the Properry as Barrower's principal <br /> residence for at�eas�ane year aft�r the da�e af occupancy,unless Lender othe�ise agree�in vvriting,which consent shal� <br /> no�be unreasonably withheid,or unless ex�enua�ing circums�ances exis�which are beyand B�rrower's control. <br /> 7.Preser►vation,Maintenance and Pro�ec�ion of the Property;Inspections.Borrower shal�not destroy,damage <br /> ar impa�r�he Property,aliow the Property to d��eriorat�or commit was�e on the Proper�y.�Vhether or not Borrower is <br /> residin�in�he Proper�, Borrower sha�i maintain the Property in order to prev�nt th�Prap�r�y from de��r�orating or <br /> d��reas�ng in�a�u�du��a its condition.Unless i�is de�erm�ned pursuan��a Section 5�hat repa�r or restora��on is not <br /> ecanomically feasible,B�r�ower shall promptiy repa�r the Property if damaged�o avoid fur�her deter�ora�ion ar damage. <br /> �f insurance or condernnation proceeds are paid�ri connec�ion with damage�a,o�the�ak�ng of,the Proper�y,Borrower <br /> s�a��be responsible for repair�ng or restoring the Prop�r�y anly if Lender has released proceeds for such purposes.Lender <br /> may disburse proceeds for the repa�rs and restora��an in a single payment or in a series af progress payments as the work <br /> is campleted.�f�he insurance or candemna�ion proceeds are nat sufficien�to repair ar restore�h�Property,Barrow�r�s <br /> no�rel�e�ed of Borro�nrer's ob�igat�on for�he comp�etion of�uch�epair or restora�ion. <br /> Lender or its agent may make reasanable en�ries upo�and inspec�ions of the PraperCy.If it has reasonable cause, <br /> Lender may inspec�the interior af�he impro�ements on the Proper�y.Lender sha�i give Borro�v�rer notice at�he time of or <br /> pr�or�o such an inter�ar�nspection spec�fy�ng such reasanable cause. <br /> 8.Borrower's Loan Applicat��n.Borrower sha1l be in default�f,during the Loan applica�ion process,Bor�rower or <br /> any persons or en����es ac�ing at the directian of Barrower or wi�h Bor�rowe�'s knvwledge or cansent gave mater�al�y <br /> false, misleading, or inaccura�e informa�ion or s�atements to Lender ��r fa��ed �a prflv�de Lender v�i�h ma�eriaX <br /> informa��on� in connec�zan with the L�an. Ma�eria� representati�ns inc�ude, bu� are not iimi�ed to, representa��ons <br /> concern�ng Ba�rower's occupancy af the Property as Bor�ower's przn�ipal r�siden�e. <br /> 9.Pratec�ion�f Lender's Interest in the Property and RiEghts Under this Security Instrument.�f�a)Bflrro�ver <br /> fails ta perform the ca�enants and agreemen�s cantained in this S��urity Ins�rument,�b�there is a lega�proceeding tha� <br /> mYght s�gnif�can�iy affec� Lender's interes� in the Property andlor rights u.nder�his Security Ins�rumen� �such as a <br /> proceeding�n banl�ruptc�r,probate,for condemna��on ar forfeiture,for enfo�c�ment af a�ien vvhich may attain pr�ority <br /> o�er th�s Secur�ty Instrument or ta enforce Iavvs or regula�ions},or�c�Borr�vWer has abandoned�he Property,then Lender <br /> may do and pay for whatever is reasonable or apprapria�e ta protect Lender's interes�in�he Properry and righ�s under this <br /> NESRASKA-Single Family-Fannie N[aelFreddie Ma�UNIF�RM 1NSTRUMENT Farm 3428 �141 <br /> Page G o��3 ' <br /> Borrowe�s lni�ials � <br /> I�S,fn�.-3��39 � � <br />
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