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201009794
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Last modified
12/29/2010 4:18:30 PM
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12/29/2010 4:18:29 PM
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DEEDS
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201009794
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2010U9794 <br />wark has heen coznpleted tu Lender's sat.itilaction, provided that such inspeclion shall be undertaken <br />pramptly. .Lcnder may disburse proceeds fnr the repairs and resloration in a sin�le payment or in a series <br />of progress paymc;nts as thc; work i� compleiecl. T]nless an ugreement is made in writing ot A�plicahle L:�w <br />requires interest to he paici nn such insurance proceeds, Lender shall not be tequired lo pay Borrower any <br />interest or carnin�ti nn tiuch pinceeds. Feeti liir public adjusters, or oihet ihitd patiies, retained hy <br />Bortowet shall not be puid out of lhe insurance procecds and tihall he thc sole obligation of $orrower. If <br />the te�loralion or repair is not econoinically (easible or Lendcr's �ecurity would be lessened, the insurance <br />proceeds shall bc applied to thc sums sccurcd by thiti Sec��tity Insituznent, whethcr or not thcn duc, with <br />the excess, if any, paid to C3orrowcr_ �uch insurancc proceeds shall be applicd iu tl�c ordcr provided fn. r in <br />5cction 2_ <br />If �iorr��wer ahandozas t}ie Property, Lender may lile, negotiale und eettle any available insurance <br />claim and relatc�( tnattcrti_ If i3orrowcr dpes nnt r��pund wilhin 30 days tn a nuiice frc�m Lender that tl�c <br />insurance carrier has offerecl to setile a claim, lhen Lender may negotiate and Seltle the claim. The 30-day <br />period wili begin whcn tlae taotice is given. In either event, or if Lendet acquires the Propetty under <br />Seciion 22 or oihenvi�e, Botrowet heteby a��igns to Lender (a) Borrower's riehts to any insurance <br />proceeds in an amount nut to exceed the amounty unpaid under the Note or lhis Securily Inslrunienl AY1Cj <br />(b) any oiher oI� $ortower's righl.s (olher than the right to any refimd of unearned premiums paid by <br />Bortowet) under all insutance policies covering the Prop�rty, insofar as such rights are applicable to the <br />covetuge of 1he Property. Lender may use the insurancc procecds cithcr to rcpair or restore the Property or <br />to pay a�nounts unpaid under the Note or thiti Security Instrurr�ent, whether or not then duc_ <br />6. Occupat►cy. Borrower shall occupy, establish, and usc thc Property as Borrower's principal <br />residence wilhin 60 days atter the execution of this Security Instnrment and shall continuc to occupy the <br />Ptoperty as Bortower's principal residence lor at least one ycar aftcr the date of' occupancy, unless Lender <br />nthenvis� agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating <br />circumstaz�ces exi�t wk►ich are beyond Bottowet'� control. <br />7. Preservation, Maintenance and Protection of thc Property; Inspections. Borrower shall not <br />desttoy, dumage or itnpair 1.he Propetty, allow Lhe Property to deteriorate or coinmil waste on lhe <br />Pr��perty_ Wk�etlacr or ta��t F3orrnwer is resi�ling in the Properiy, Borrower shall mainlain the Propetty in <br />order to prevent the Prnperiy from delerioruting or decreasing in valuc due to its condition. Unless it is <br />deterniita�d pursuant to Sectinn 5 ihat repair ot tesloration is not economically feasible, $orrower shull <br />]�r��rraptly repair tht Property il damaged to avoid further deterioration or damage. Il� insurance or <br />can�lemriatian prc�cee�ls are paici in connection with damage to, or the taking of; the Property, Borrower <br />�hall be resporisihle for repairing or restc>rin� the Property only if Lender has releasecl ptoceeds for such <br />p►�rposcs_ Lender may ditiburti� prnceed� l'ut the tepuirs and restoration in a single paymeni or in a series oI� <br />progress payrraents a� the work is c��mpleted. If the insurance or condeinnation proceeds are not sul'licient <br />to repair or retitore thc Property, I3prrnwer is not relievecl of $orrower's obligation for t.he coinpletion ol� <br />Guch rcpair nr re�torati��an. <br />Leniler or its agettt may muke reasonable entries upon and inspections ot' lhe Property. If il has <br />reasonable cuutie, Lendet may inspect the interior of thc improvement� on the Property_ Lendcr shall give <br />Borr��wer natice a1. lhe time of ot priot to such un interior in�pection specifying such reasonable cause. <br />8. Sorrowcr's Loan Application. Borrower shall bc in dcfault if, during thc Loan application <br />ptacess, Botrower or any persons or entilies acting at the direction of I3orrowcr or with T3orrowcr's <br />knowledge or con5eni gave materially false, misleading, or inaccurate infi�rmation or titatemcntsto Lender <br />(or 1'ailed lo provide Lender with material infonr�ation) in connection with the Loata. Materia) <br />tepresenlalions include, but are not lunited tn, r�presentations concerning Borrawer's ��ccupancy of th� <br />Property as i3orrower's principal renidence. <br />�` � �+ <br />NEBRASKA- Single Family - FannieMaelFreddie Mac UNIFORM INSTRUMENT <br />�-6(NE)�oa��� Paye7of15 initi�is: Form3028 1/01 <br />�/,� <br />
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