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201105068
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Last modified
7/12/2011 8:18:43 AM
Creation date
7/12/2011 8:18:42 AM
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DEEDS
Inst Number
201105068
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� i; �� i�� ��� � � : <br />�k n� t� ��a � r.�a�8 �a��, �asa r�c � �n� �u i� �a�� <br />PI'�P�Y. Lender may disburse proceeds far the repairs and �on in a single gayment ar in a series <br />of progre�s paymenta as the work is cx�mpleted. Unles� an a�reemem is made in vvriting or Applic�ble Law <br />requir� intere,�t ta be gaid on such in.suranoe �s, L�nder shall not be required to �y Borrower any <br />interest or earaings on such pr�s. Fe� for public adjustets, ar othe� third pazt��, � bY <br />H�rrower ahall not be paid out of the ins�u�ance proc�eds and ahall ba the sole obligation of Bonower. If <br />the restara�ion or rep�r is not eoonomically feasuble or Lend�'s security would be le�ened, the insuraace <br />proc�ds sba11 be applied to the sums seewred by this Security Ins�umart, whether or uot then due, with <br />the exc�cs, if aa�Y, �id to Bonower. S�ch insurance proceads shall be applied 'm the order provided fa� in <br />S�tian 2. <br />If Horrower abandons the Property, Lender may file, negotiate and �tle mry available ins�ance <br />claim and related malters. If Borrower d� nat r�nd within 30 days to a notice fram Lender th�t the <br />insiu�nc� c�rri� has offered ta settle a claim, tben Lender may negotiate and settte the clafm. Tha 30-day <br />pericxi will begin wh� the notice is givea In eithe� event, or if Lend� � the Property umder <br />3eCtion 22 or oth�vvise, Hanower hereby assigas to Lender (a} Banower's rights ta any in�ce <br />proc�ds in an �ount not to e�u�ad fhe �otm#� tmpaid uader tbe Note or this S�a�rity Iastrumen� aad <br />{b) a�►Y other of Bonower' a rights (other th� the right to any r�fimd of unearned premiums p�id by <br />Horrawer) imd�ar all insu.ranae polici�s c�v�ing tho Property, insofar as auch rights are applic�ble to the <br />coverage of the Properiy. Leader m�ay use the ina�u�ance proc�eds eith+ar to repeur or restare the Properiy ar <br />to �y amaunts �d under the Note or this Security Tns�ment, whether or not then. due. <br />6. Occnpanry. Horrower shall occupy, establish, and u� the Propecty � Horrow�'s principal <br />z�idence within 60 days aft� the axecutian of this Security Ins�nt aad shall c��nue to ocxupy the <br />Praperty as Banowe�'s principal r�idenve for at least ane year aft� the date of oc�ncy, unle�s Lender <br />otherwise agreea in writing, which consent sha11 not be unreasonably withheld, or unless axtenuating <br />circumataacea exist which are heyond Barrower's cantrol. <br />7. Pr�erva�lon, Ma�lntenance and Prutec�on of ffie Pro�eriy; Inspe�lona. Donower shall not <br />d�troy, d�ge or �r the Properly, allow the Prapert.y to dete�icugte ar �t waste an the <br />Propariy. Wh�h� or not Hanrower is residing in the Properiy, Honower shall maintai.n the Proparty in <br />order to prevart the Property from deteriorating or �ing in value due to its c�ndition. Unlesa it is <br />determin� pursuar►t to Sectian 5 that re�air or re�taration is not ecanomically f�`b1e, Barrowar shall <br />Pr�P�Y T�P�' the Prop�ty if daanaged to avoid further deteriora�ion or damage. If insuraace or <br />condemnati.on proceeds ares gaid in conneerion with d�maaga to, or the taking o� the Properly� Bo�rower <br />aha11 ba responsible for repairing or r�toring the Praperiy only if Le�der hss relea�d proceeds for s�ch <br />pwrposes. Lend� may disburse proceeds far the repairs and restoration in a single payment or in � series of <br />Pi'��� PaY�� as the work is �leted. If the ins��ce ar cand�amna�ion proceads are not sufficiern <br />to repair or r�tore the Property, Borrower is nat relieved of Boaower's abligarion for the co�pletion of <br />such repair or ze,si:oraiion. <br />L�nder ar its age,nt may make r�asonable e�zies upon aad ins�ctians of tha Property. If it has <br />reasonable c�use, I.and�c may inapact the int�ior of tb�e improv�ts on tha Property. I.end� shall give <br />Borrower natice at the time of or pzi� to such an interior inspectian apecifying such r�sanable c�sa. <br />S. Borrower's Losn Appl�cation, Horrawer shall be in default i� during tha I.flan applic�tion <br />process, Ba�rrower or any persans or ernitaes acting at the direc�on of Honowe�r or with Horrower's <br />kaowledge or c�nsent gave materially false, misleading, or inac�n'ate inforn�on or s� to Lender <br />(or failed to provide I.�der with m�rlal information) in connection with the Lo�n. Msterial <br />repr�nt�tions include, buk ar� not limited to, repr�fons conc,erning Barrowe�'s ocxupancy of the <br />Property as Borrower' s priincigal resideRnc�. <br />2sooasiaaa a v� <br />N�RA$KA - Sir�gle Family - Fanflla 1{�ad'Fr�e tYl� UNIF01�Y1 IPiST�1Mf�IT WRF1111 <br />�-8A(WQ (oet oi aese � or t 6 tra� Fatm 3028 1104 <br />
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