201009091 - Laserfiche WebLink

Browse

201009091 work has been completed to l,ender's satisfaction, providad that such inspectian shall bs randertaken promptly. Lender tnay disburse proceeds for the repairs and restaration in a single payment or in a series of progress payments as tbe work is campleted. Unless an agreement is made in vvriting or Applicable Law requites illtet�st to be paid otl SuCh inci�ran� p I.ender shall not be required to pay Borrower any interest or earnings an such proceeds. Fecs far public adjusters, or other third pazties, retained by Horrower shall not be paid out of the insurance proceeds and shail be the solo obligation of Borrower. If the restoratian or repair is nat e�onoxnically feasible or Lender's secucity would b� lessene�, the inswran,ce proceeds shall be applied to the sutns se�ured by ttus Security Instrutnent, whethe�r or not then due, with the axce.ss, if any, Paid to Borrower. Such insurance procecds shall be applicd in the order provide� for iun Section 2. If Bc�rrower abandans the Prnperty, Lender may file, c�egotiate and setCle any available insuranee claim anci related rnatters. If Borrowe�r docs npt r�spond within 3p days to a notice from Lcnder that the insurance carrier has offered to settle a claim, then I.�nder may negotiate and settle ttxe clairn. The 30-day period will begin when the notica is given. In either event, or if I.ender acquires the Pmperty undsr Section 22 or otherwise, Horrower hereby assigns to L,ender (a) Borrower's rights to any insurance pmcee�s in an amaunt not to exceed the amounts unpaid under the Note ar this Se�urity lnstrument, and (1�) anY ather of Barrower's rights (other than the right to any refund af uneame� pr�miums paid by Borrower) under all ixisurancc policies covering th� Property, ixtsofar as such rights arc applicable tv the coverage of t�e Property. Lender may use the insurance proceeds cither to repair or restore the Property or to pay a�unts unpaid under the Nate or this Se�urity Instrument, whet�r or n�ot then due. .. 6. Oocupancy. Borrowcr shall occupy, establish, and use the Property as Hoirrower's principal residence withiu 60 days after the executian of Chis Securiity Instrument and shall cantinue to nccupy the Properiy as Borrower's principal reside�ace for at least onc year after the date of occttpancy, unless I.ender otherwise agrees in writing, wtuch consent shall not be unreasonably withheld, or unless extenuating circut�astances eatist which are beyond Borrnwer's control. 7. Preservatlon, Mainte�wamce and Pcot�eHon of the Properiy; L�pecbions. Barrower shall not destroy, dar�age or impair the Property, allow tha Property to deteriorate or commit waste on the Ptoperty. Whether or not Borrowe�r i�s residimg in thc Frop�rty, Horrower s1�all maintaint the Praperty in order ta prevent the Property from deteriorating or decreasing in value due to its condition, Unless it is deternuned pursuant ta Section 5 that repair or restoaration is not economicall,y feasible, &>rrower shall promptly repair the Property if darnaged to avaid further deterioration ar damage. If insurance or condemnation proceeds arc paid in connec.�tion with damage to, or the tal4ng of. the Property, Borrower shall b� xesponsible far repairing or restaring th� Property pnly if Lender has relea�sed proceeds for such Purposes. Lend� may disburso procceds for the repairs and r�toration in a single payment or in a series of progress paymcnts as the work is complete�. If the insurance or candemnation proceeds are not suffiicient W z+epair or �restore the Property, gonrower is not relieved of Borrower's obligation for the cornpletion of such repair or �storation. I.ender or its agent may make reasanable entries upon and inspections of the Property. If it has reasonable cause, Le�er may inspect the interior of the improv�:nts cm the Praperty. I.ender shall give Borrower notice at the tune of or prior to sueh an interior inspection specifying�sueh reasonable cause. 8. Borrower's I,oan Application. Bonrower ;shall be in default if, during the Loan, application p�s, Harcower or any persons or entaities acting at the direrxivn of Borrower or with Borrower's knnwladge or consent gave materially falsc, rnisleadi�ang, or inaccurate inforn�ation or statiemeents to �.ender (or failed to provid� L,ender with material infonpnation) in� connection with the l.oan. Material representations include, but are not limited to, representations concerning Barrower's occupancy of the Prc�perty as $orrowcr's principal residence. N�BRASKA - S(ngle Family - FannU MeielFraddi� Mac UNIFORM INSTRUMENT �-BINE) (0811) t+ep� 7 ot t 6 ��.; Form 3078 1 /01