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201007997
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Last modified
10/28/2010 4:42:33 PM
Creation date
10/28/2010 4:42:32 PM
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DEEDS
Inst Number
201007997
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2010�7997 <br />work has been campleted to Lender's satisfaction, provided that such zzispection shall be undertaken <br />pramptly, Lender may disburse proce�s for the repairs and restoration in a single payment or in a seriea <br />of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law <br />requires interest to be paid on such insurance proceeds, Lender ahall not be required to pay Borr�wer any <br />in.terest or earnings on such proceeds. Fees for public adjusters, or other third parties, retaine� by <br />Borrower shall nat be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If <br />the restoration or repair is not econamically feasible or Lender's security would be lessened, the insurance <br />procceds shall ba applied to the sums secured by this Security Inshument, whether or nat then due, with <br />the excess, if any, paid to Sorrower. S�ch insurance procceds ahall be applied in the order provid�d for in <br />Section 2. <br />If Borrower abandons the Property, Lender may file, negotiate and settle any available insuranc:e <br />claim and relateci matters. Yf Borrower does not respond within 30 days to a notice from Lender that the <br />insurance carrier has offered to settle a claina, then Lendear may negotiate and settle the claim. The 30-day <br />period will begin when the notice is given. In either evec►t, or if Lender acquires tlae Property under <br />Section 22 or otherwise, Horrower hereby asaigns to Lendcr (a) Borrower' s rights to any insurance <br />proce�ds in an amount not to exceed the aYUOUnts unpaid under the Note or this 5ecurity Instrument, aud <br />(b) any other of Borrower's rights (other than the right to any refund of une�ned premiums paid by <br />Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the <br />coverage of the Property. Lender may use the insurance proceeds either to repair or resWre the Property or <br />to pay amounts unpaid uuder the Note or thia Sacurity Inslrurnent, whether or not then due. <br />6. Occupancy. Borrower shall occupy, establish, and use the Froperty as Horrower's principal <br />residence within 60 days after the execution of this Security instrument and shall cantinue to occupy the <br />Properly as Borrower' s principal residence for at least one year after the date of occupancy, unless Lender <br />otherwise agrees in wcitizig, which conse�t shall not be unreasonably withheld, or unless e�ctenuating <br />circumstances exist wkuch are beyond Barrower' s control. <br />7. Preservation, Maintenance and Protection of the Property; Ynspe�Hon�. Horrower shall not <br />destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the <br />Properiy. Whether or nat Borrower is residing in tlae Properry, Horrower shall maintain the Properrty in <br />arder to prevent the Property from deteriorating ar de�reasing in value due to its condition. Unless it is <br />determined purauant to Section S tbat repair or restoration is not econornically feasible, Barrower shall <br />promptly repair the Property if da�r�aged to avoid further deterioration ar damage. If insurance or <br />candemnation proccecis are paf d in connec�ion with darnage to, or the tal�ng of, the Property, Borrower <br />shall be responsible for repairing ar restoririg the Property only if Lendez has released proceeds far such <br />purposes. Lender xnay disburse proce�s far the repairs and restoration in a single payment or in a series of <br />progress payments as the work is cornpleted. If the insurance or condemuation praceeds are not sufficient <br />ta repair or restore the Properiy, Borrower is not relieved of Horrower' s abligation for the completion of <br />such repair or restoration. <br />Lend�r or its agent may make reasonable entries upon and inspections of the Properiy. Tf it has <br />reasonable cause, Lender may inspect the interior of the improvennenta on the Property. Lender sha11 give <br />Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />S. Borrower's Laan Application. Borrower shall be in default if, during the Loan application <br />process, Borrower or any persons or entitics acting at the direction of Borrower or with Borrower' s <br />knowledge or consent gave materislly false, misleading, or inaccurate informatian �r statements to Lender <br />(or failed to provide Lender with material information) in connection with the Loan. Material <br />representations include, but are not lim�ited to, representations concerning Boxxower' s occupancy of the <br />Property as Sorrower's principal residence. <br />2200079023 D V6ANE <br />N�BRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM IN3TRlJMQdT WRH ERS <br />�-BA(Nqloe1o) PBp97Of16 �nros�s: �G FOrn13028 7/U1 <br />� <br />
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