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201608727
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Last modified
7/28/2017 1:17:35 PM
Creation date
12/27/2016 12:54:17 PM
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DEEDS
Inst Number
201608727
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2� 1 ��8727 <br /> A�� �nsurance pol�c�es requ�red by Lender and renewa�s of such polic�es sha��be subj�ct to Lender's righ��o <br /> disapprov�such po��cies, shall ine�ude a standard n�.or��a�e clause, and sha��name L�nder as mortgagee <br /> andlor as an add��iona��oss payee. Lender sha�l ha�re th�r�ght to hold the p����ies and renev�ra�certifica�es, �f <br /> Lender requ�res, Barr�wer shal�pramp��y g��e�� Lend�r a�l receipts of pa�d prem�ums and renewa�not�ces, <br /> �f Borrower o��a�ns any fornz of�nsurance coverage, not ather�vise requ�r�d by Lender, far damage�o, or <br /> destruc��on of, the Proper�y, such po�icy shall �nclude a s�andard martgag�c�ause and shal�name Lender as <br /> rnor�gagee andlor as an addi�ionai �oss payee. <br /> �n the e�ent of�oss, Borrawer shali give promp�no��ce�a the insurance carrier and L�nder. Lender may <br /> make proaf of l�ss if n�t made promp�ly by Borrower. Un�ess Lender an.d Borr�v�er o�herv�r�se agr�e in <br /> v�riting, any in5uranCe pr�CE�dS, W�l��rl�r❑r ri����1�UriC�er��lll�lIlSlir�C�Wa5 reC�lllreC���1' L.��I.C�er, sha�i be <br /> applied�o restorat�on or repair of th�Proper�y, if�he res�oratian nr r�pa�r xs economica�ly feasxble and <br /> Lender's se�ur��� is no��essened. During such repair and restara��an p�riod, Lender shall have the r�gh��o <br /> h��d such �nsuranc�pr�ce�ds un�x� L.ender has had ar�oppor�unzty�� inspec�such Proper�y to�nsure�he <br /> vv�rk has been ca�npleted�o Lender's sa��sfac��on, p�o��ded�hat such xnspe.c�ian shall be under�alcen <br /> promp�iy. Lender may disburse proceeds for�he repairs and r�starat�on in a single paymen�or in a s�ries of <br /> progress paymen�s as the w�rk is campl�ted. Un�ess an agre�m�n�is mad��n writing or Appl�ca�1�I.avw <br /> requires inter��t to�e pa�d on su�h insurance proc��ds, Lender sha��no�b�requ�red�a pay Borrower any <br /> interest�r earnings�n such praceeds. Fe�s for pub�i�adjusters, or other�hird part�es, reta�ned by�orrower <br /> �hall no�be paid out af�he in�urance proce�d�and shall be�he sole obliga�i4n�f B�rrawer, If the res�ora�ian <br /> ar repair�s nat economically feas�b��or L.ender's securit�would�e�essen�d, th� insurance proCeeds sha1�be <br /> appli�d to �he sums secured by this S�curity �nstrumen�., whether or n���hen due, wi�h the excess, if any, <br /> paid�o B�rrower. Such�nsurance proceeds shall be app�ied�n the arder pr�vided for�n S�t�on 2. <br /> �f Borrower abandons�.he Property, Lender may fil�, negotiate and set�le any availab�e�nsurance�Ia�m and <br /> related ma�ters. If Borrov�er does not respond w�th�n 3�days�o a�ot�ce fram Lend�r that the�nsuranc� <br /> carrier has offered�o settle a c�aim, then Lender may negot�ate and s���le�he claim. The 30-day periad w��� <br /> beg�n v�rhen the not��e is g��ven. �n either event, or if Lender acquires�he P�r�per��r under Sec�i�n��or <br /> ��herwise, Borrowe�r hereby assigns�o Lender�a�Borro�v�r's rig�.�s to ariy insurance proceeds in an amoun� <br /> nti��a exce�d the amounts unpaid under�h�Note or this Securi�y�nstrumen�, and�b}an�other of <br /> B�rrower's righ�s �other�han�he right t� any r�fund of unearned premiumi.s paxd by B�rr��ver}und�r a�� <br /> insurance po���xes c��er�ng the Proper�y, insafar as such r�gh�s are appl�cab�e tv the coverage�f�he <br /> Praper�y. L�ender ma�use�he���urance proceeds ei�her�o repa�r or restore�he Proper�y ar�o pa�r amounts <br /> unpaid under the Na�e or thi� Security�nstrum.ent, whether�r no��hen due. <br /> 6. [)ccupancy. Borrawer sha11 occu��, es�ab�ish, and use�he Pr�p�r��as Borr�wer's principa�reszdence <br /> w�thin�D days after the execut�on of�h.�s Secur��� �ns�rumE.en�and sha�i continue to�ccupy�he Proper�y as <br /> Borrovver's princ�pa� residence for at�eas�one year after the date of a�cupancy, un�ess Lender othervv�s� <br /> agrees in writ�ng, which c�nsent sha�l no�be�nreasona��y wi�e�d, or unless e��enua�i�.g c�rcumstan�es <br /> exist which are beyond Borrower's controi. <br /> �. Preservativn. Maintenance and Pr�tection af the Property: tnspeGtions. Borrower sha.��na�destro�, <br /> damage or��ra.pa�r�ie Prflperty, al�ow�he Pr�per�y to deterxorate ar commi�waste on the Pr�p�r�y. Whe�her <br /> or no�Barrow�r is resid�ng �n�h��'roper�y, Borrowe�-sha�� ma�n�ain the Pr�perty �n order�o pr�ven�t�e <br /> Prflperty from d��eriora�ing or decreasing in�a�ue due�o its�ond���on. Unless i� �s det�rmined pursuan�to <br /> Sect�on 5 �ha�repa�r or restora�ion i�nat econ�m�ca��y feasible, Borrower sha�l promptly repa�r the Pr�per�y <br /> if damaged t� a��id fur��er det�rioratian or damage. �f insuranc�or condemnation proceeds are pa�d in <br /> conne��ivn w��.h damage�o, Qr�.h�taking of, �he Proper�y, Barrower sha�� be r�sponsib��for repair�ng�r <br /> r�s�or�ng the Pr�per�y oniy xf L.ender has released proceeds fflr su�h purposes. Lender may disburse proceeds <br /> N�SRASKA-Single Family-Fanni�MaelFreddie Ma�UNIFORM tNSTRUM�NT Farm 3��$1!�1 <br /> VMP[r� VMP6�N�y[13��y <br /> Wottsrs Kluwer�inancial 5er�i�es Page 7 of 17 <br />
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