201003888 - Laserfiche WebLink

Browse

201003888 Work has been caraaplatcd to Lender's satisfaction, provided that such inspection shall be undertaken promptly. LenclGr may disburse proceeds far the rcpairg and restoration in a single payment or in a series of pro~;xess paymui.ts as the work is completed. TIn1GSS an agreement is made irr Writing ar Applicable LaW requires inlerc~r rn he paid on such rrlsttrancc pxacccds, Lcndcr shall nut be rcquixed to pay Borrower any intexc;;t or c;trniit~s uYl such i7raGGCdti. Fees fax public adjustcxs, ar other third parties, retained by Harrower shall not he paid out ut' #hc insurance proceeds and shall be the sale obligation of Harrower. If the resloratiu,.i err rt~pair is not economically feasible or Lender's scaurity would be lessened, the ittsuranGc proecGds shall he applied to the su,~ns secured by this Security Instrument, whether ar not then due, with the excess, if :xny, paid to Bvrrowcr. Such instu•ancc pmcccds shall be applied in the order provided for in Section 2. It' BorrawGr• abandons the Property, Lcndcr may file, negotiate and seUlc any available insurance claim and relarul matters. if Borrower does not respond within 3A days to a notice from Lcndcr that the insurance earric:•r has offered to settle a claim, than. Lcndcr may negotiate and settle the claim. "The 30-day period Will bc};in when the notice is given. In either event, ur if Lcndcr acquires the Property under 5cction 22 nr nthcrwisc, Borrower hereby assigns to .Lcndcr (a) 13orrowcr's rights to any insurance proccecls in an arnaturt not to exceed the amounis unpaid under the Note ox this Security Instrument, and (b) any other al' t3arrawcr's rights (ot.ircr tlfan the right to any refnnd of unearned prcmiutns paid by Tionowcr) under .,ll insurance policies cnvcring lhG Property, insofar as such rights are applicable to the covc~•age of the .l'rc,pcrty. Lcndcr may use the insurance pracaeds either to repair or restore the Property ar to pay amounts tnrpaid under tltc Nate ar this Security tnstnunent, whether or not then due. (. Occupancy. BUrraWCr shall occupy, establish, and use the Property as 13nrrowcr's principal residence within (io days after the execution of this Security lnstrurnent acrd shall continue to occupy the Properly as Tiurruwcr's principal resicieru:e for at least oxte year after the date of occupancy, unless Lender otherwise a(;rcuti in writing, which consent shall nut be unreasonably withheld, ar unless extenuating cireumslanGes exist which arc beyond 13nrrower's control. 7. Prer,cr•vation, Maintenance and Protection of the' Property; Inapectiuns. Hotxawer shall not dcsr•ay, dama~c qr impair the Property, allow the Property to detcriaratc or eomntit Waste on the Prupra•ty. Whuthcr nr• not .13arrnwcr is raiding in the Property, Borrower sha11 maintain the Property in order Iu prev<ml Ilac: Property frnrn clctcrinrating ar dcorUasing in value due to its condition. tJn(css it is determined purtiuanl to Secl7orr S that repair ar restoratioa. is oat ccon•omically feasible, Borrower shall pramptly repair the Prupcxty if damaged to avpid further deterioratiua or damage. If insurance or aondcmrration t~roGG.eds arc paid in cnraneciian with damagr; ta, or the taking of, the Property, Borrower shall he respon5ihlu fur repairing ar restoring the Property only if Lender has released proceeds for such purposes. Lcnda• may ciisbtrrse proceeds far the repairs and restorati"~n in, a single payment ar in a series of progress payments as tlic work is camplctccl. If the insurance ar caudemnutian praaeeds arc not sufficient to repair ar rctirnrc the Property, 13orrnwer is not relieved of Borrower's ablifatiott for the completion of such repair r-r rctit:oration_ Under ur iiti ugcnt may cr.rukc reasonable ctrtrir;s upon and inspections of the Property. IF it has reasonable cau~:c~, Lender racy inspect the interior ut' the improvemcrYts on the Property. Lendex shall give I3orrowcr nolicc srt the time of ur prier to such an interior ingpcctian specifying such reasonable cause. R. I3urro~~~cr's L,oun Application. T3orrowcr shall be in default if, during the Loan application process, I3orru4r'ur or any pcr5ons nr entities acting at the direction of Burrower or Wlth BOrrDWCr'B knowledge or c cnrtiGnt t;avc materially false, misleading, ar inaccurate information or statements to Lcndcr (or failed to l,rnvidc Lcndcr with material informatlnn~) in connection with the Loan. Material rcprGSCntation5 incltrdc, but arc oat limited to, representations concerning Borrower's occupancy of the Property as 13arrnwcr's principal residcncc_ NEBRASKA- Single: Family - Fannie MaelFreddie Mac UNIFpRM INSTRUMI"NT -(9(NE) (usi y r Page r or t5 in~cdim: ~ • .~. Form 3n2$ 1/01 _5 ...]