I'.
<br /> . . _' _ ' _ _ _ ` 1 �
<br /> I'
<br /> 2� 1 ��71 32 � E.
<br /> � �
<br /> �. ;
<br /> �
<br /> �
<br /> E
<br /> �
<br /> ;
<br /> r<
<br /> r:
<br /> :, i
<br /> �; �.
<br /> If�orrower fa�ls ta mauitain any of the caverages described a�ove, Lender may obtaaYa insuxan�e caverage, at �=
<br /> h � r.
<br /> T�ender's ogtion and Borrower's ex�ens�. Lender�s under na a�ligation to purchase an�pa.rt�icu�ar type or = �
<br /> arnount af caverage. Th�refore, such ca�erage shall co�er Lender,bu�might�r might not p�rotect Borrower, � i
<br /> B�rrower's�quity in the Property, �r the �ontents af tk�e Prop�rty, against any risk,hazard or liabilii�r and might : r
<br /> provide gr�ater ar less�r �overage than was previousl� in effec�.Borrawex ack�na�v�edg�s that th� cost of th� � �
<br /> i�surance cQ�erage sa abt�ined �ugh�s�gnifica�t��r exceed the cast nf insuranc� t�a�Borrawer Gau�d have � �
<br /> �
<br /> �btained. Any arnounts disbuz•sed by Lender unde� this S�c��on 5 shall become addxtianal �ebt of Borrower - �=
<br /> se�ured b th�s Seeu�i Instrwmen�. `rhese amotznts shali bear intere�t at the l�Iot�rate from�h� dat� of ' �
<br /> Y �Y - �:
<br /> clisbursement and�sha.11 be paya.bl�, with such interes�, up�n Qotice fram Lendez��Bo�rovver requ�sti�g pa�m�nt. = �-
<br /> . �
<br /> - �
<br /> All iz�surance pol�cies required�y Lender and renewals of su�h �alicies sha11 be subject ta Lender's r�ght to = `
<br /> ' c use �s �n �Lender as m�rt a �e an or �� '
<br /> dlsappxov� su�ch polxcxes, sh�11�n�x�de �standard rnortgage �a , an h ana g g dl ` ,
<br /> as an additional loss payee. Lender sh�li have�h.�rxgh�to hold the poli�ies and renewa�certificates. If Lender ;
<br /> requires, Borrov�er shail promptly give ta Lender al�rec�ipts af paid premiuxn5 and renewa�notices. If Barr�wer ; �
<br /> � 4�ta�ins an� form of irisurance co�erage, not a�herwise required by Lender,f�r damage ta,ar d�struction af,the ;_ �
<br /> Property, such p�lic� shall include a standard mor�ga.�e clause and shal�name Ler�der as m�rtgagee andlor as an = i
<br /> - L.
<br /> additional l�ss payee. = _�
<br /> !�.
<br /> In the event of Iass,Borrovver s}�all give prarnpt no�ice to the insurance Garrier and Lende�r.L�nder may make r: �
<br /> praaf of Iass xf�ot made prampt�y b�B�rra�nrer.Unless Lender and Borrowe�r utherwise agree in vvriting, any �
<br /> insuran�e procee�s� vwhether or not the underXying insurance was re�u�red Uy L�nder,shall be app�i�d�o �
<br /> res�oration o�repair af�he Property, if�he restoration �r repair is e�anom�ca�ly f�asible and Len�er's see�rity is �
<br /> nat iesse�ed. Durin such re air and res�aration eria Lendex shail have th��i t to hoid such insuranee �
<br /> � I� P � � �. ;
<br /> proceeds until�ender has h�d an apportun.i�ty to xnspect such Property to ensure the work has be�n com�I�ted j_: [
<br /> ta Lender's sa�isfa�tion, pravided that such inspecti�n sl�all b�under�a�en prompti�.L�nder may d�.sburse _
<br /> proceeds for the repairs and restara�on �n a single payment or in a series of pr�gress payments as the wark is _ '
<br /> cQmplet�d. Un�ess an agreem�nt �s made in�c�rri.�,ing ar Applxca:�le L�w r�quir�s inl�eres�fa be pa�.d�n such i= `�
<br /> r•. °
<br /> I' '
<br /> insurance proce�ds, Lender shall not be reyuired to pay Bonr�v�er any inter�st ar earnings an such proceeds. ` `�
<br /> t_
<br /> r �
<br /> Fees for pub�ic adjusters, �r a�her third part�ies, retained b�B�rrower sha��not be paid aut af the insurance � �
<br /> pr�c��ds and shall be th�sole obliga�ion of�arro�er.If the restora�on or repair is not economxcall� fea,�i��e �r !
<br /> L�nder's security wou�d be lesse�ed, the insu�ax�ce pr�ceeds s�xall be applxed ta the sums secured by th�s � �
<br /> u ith th� excess �f an aid�o Borr�wer.Such insuranc� raceeds I
<br /> Secur�ty rns�rument, vu�hether ar not then d e,w , y,p p
<br /> shal�b�a lied u�the or�er r�vided fa�r i�n Section 2. �: i
<br /> l�p p , ;
<br /> , :
<br /> If Borrow�r aband�ns the Pxape�-t�r, Lender may fi1e,n�gotiate and s��tle any a��ilab��insuran.�� claim and i �
<br /> f
<br /> i
<br /> r�Iated mat�ers.�f Borravver do�s not respo�nd wit�un 3�days to a notic� fram I�ender�that the insurance �arr�er �= ;
<br /> has offered to se�tle a cx�i.m,�hen.Lender ma�neg�tiate and se��th� claim.The 3�-day perx�d wi�l begin vrihen !
<br /> ;
<br /> the no�ice is giv�n. Zn ext�er event, or�f��nder a.cquires the Property un�.er Secti�n �2 or oth�rw�se, Borrower ;
<br /> hereUy assxgns ta Lender�a}Barraw�r`s righ�s t� any insur�nce proceeds in an amount not to exceed the ; ;
<br /> am�urits unpaad un�er the Note or this S�curity Inst�umen�, �nd �b}a�.y other �f Borro�ve�'s rights �other�han � ;
<br /> �he right to any refund of unearned pr�m7iums�aad b�r B�rravver�under al�insuranc� polieies cav�ring the i ;�
<br /> Praperty, insofar as such rights are app��cab�e to the cov�rage of t�.�P�operty. Lender may us� the insura.nce ;= �
<br /> ; ;.
<br /> proc��ds either to�repair or restore the Propel-ty ar to�ay amaunts u�pa.id un.der t�ae Note�r this Se�ur�t� s' ;
<br /> L �
<br /> 7ns�rume�t, vvhe�he�r or n�t then due. ` �'
<br /> � i
<br /> r ].
<br /> 1 I.
<br /> S !
<br /> G, �c�upancy. Bor�ower shall vccupy, establish, ax�d use the Pro�erty as B�nrower`s prxnc�pa�res�denee v�th�n G� � ;
<br /> ��ys after fhe execuf�on �f tlais Secur�ty �ns�unent an� sha�X con�in�ue to o��upy th�Pro�er�y �s Borrowe�'s E '�
<br /> rinci al residence for at leasf one year a��r the date of o�cupancy, unless L�nder o�her�uis� agrees in v�.-iting, � ;
<br /> p P . . � �.
<br /> whi�h consen� s�ll nat b�unreasan�bly wxthhel�, or unles� extenua��ng eucumstan.ces exast vvhrtch are beyond �_ �
<br /> Borr�wer's con�raX. � �
<br /> ;
<br /> i
<br /> �
<br /> �
<br /> ,
<br /> � ,
<br /> j �
<br /> NEBRASf�A-SiRgle Famiiy-�annie MaeJFredd�e Ma�UNIF�RM 1NSTRl1hr[E7►IT Farm 3��8 11�1 i �
<br /> 11MP� 11MF'6[NE} ��3�2}.00 �
<br /> Wolters 1�uwer Fr�ancial Servic�ss Page 6 af a 5 ' �
<br /> . j
<br /> �
<br /> ,
<br /> i
<br /> 0 D��N E�D�UDS�-1140336
<br /> ;
<br /> �
<br /> �
<br /> � �
<br /> �
<br /> �
<br /> �
<br /> � ;
<br /> ;
<br /> f•
<br /> 1.
<br /> .. t i.
<br /> i 5..
<br /> i
<br /> r
<br /> � .
<br /> i - . i
<br /> 5
<br />
|