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201208268
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Last modified
7/20/2017 9:54:51 AM
Creation date
10/4/2012 8:33:05 AM
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DEEDS
Inst Number
201208268
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201208268 <br /> 6. Occupancy.Borrower shall occupy, establish, and use the Property as Boaower's principal residence <br /> within 60 days after the execution of this Security Instrument and shall continue to cecupy the Property as <br /> Borrower's principal residence for at least one year aRer the date of occupancy,unless Lender othenvise <br /> agrees in writing,which consent shall not be unreasonably withheld,or unless extenuating circumstances <br /> exist whic6 are beyond Borrower's control. <br /> 7. Preservation,Maintananceand Protectionof the Property;Inspections.Borrower shall not destroy, <br /> damage or impair the Property,allow the Property to deteriorate or commit waste on the Property. Whether <br /> or uot Borrower is residing in the Froperty, Borcower shall maintain the Property in order to.prevent the <br /> Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to <br /> Section 5 that repair or restoratio¢is not economically feasible,Borrower shall promptly repair the Property <br /> if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in <br /> co�nection with damage to, or the taking of, the Property,Borrower shall be responsible for repairing or <br /> restoring the Property only if Lender has released proceeds for such pwposes. Lender may disburse proceeds <br /> for the repairs and resWration in a single payment or iu a series of progress payments as the work is <br /> completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, <br /> Borrower is not relieved of 8orrower's obligation for the completion of such repair or restoration. <br /> Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br /> cause, Lender may inspect the interior of the improvements on the Property. Lender s6all give Bo�rower <br /> notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br /> 8. Borrower's Loan Application.Bonower shall be in default if, during the Loan application process, <br /> Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or <br /> consent gave materialty false,misleading,or inaccurate information or statements to Lender(or failed to <br /> provide Lender with material informatioa)in connection with the Loan. Material representations include,but <br /> aze not limited to,representations conceming Bonower's occupancy of the Property as Borrower's principal <br /> residence. <br /> 9. ProtectionofLender'slnterestinthePropertyandRightsUnderthisSecuritylnstrument.If(a) <br /> Bonower fails W perform the covenants and agreements contained in this Security Instrument, (b)there is a <br /> legal proceeding that might significantly affect Lender's interest in the Property and/or rights under tkus <br /> Security Instrument(suc6 as a proceeding in bankruptcy,probate, for condemnation or forfeihue, for <br /> enforcement of a lien which may at[ain priority over t6is Security Insh ument or to enforce laws or <br /> regulations),or(c)Boaower has abandoned the Property,t6en Lender may do and pay for whatever is <br /> reasonable or appropriate to protect Lender's interest in the Property and rights under this Security <br /> Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br /> the Property. Lender's actions can include,but are not liauted to: (a)paying any sums secured by a lien <br /> which has prioriry over this Security Instrument; (b)appeazing in court and(c)paying reasonable attomeys' <br /> fees to protect its interest in the Property andlor rights under this Security Instrument, including its secured <br /> position in a bankmptcy proceeding. Securing the Property includes,but is not limited to, entering the <br /> Property to make repairs,change locks,replace or board up doors and windows, drain water from pipes, <br /> eliminate building or other code violations or dangerous conditions,and have utilities turned on or off. <br /> Although Lender may take action under this Section 9,Lender does not have to do so and is uot under any <br /> duty or obligation to do so. It is agreed that Lender incurs no liabiliTy for not taking any or all actions <br /> authorized under tlus Section 9. <br /> NEBRASKASIngle Femity-Fannie Mae/Fratltlla Mac UNIFORM INSTRUMENT WITH MERS Fam 30281ro1 <br /> WOIta�KluwerFinancial5ervices V �NPeg�e8a00 <br /> III IIIIIIIIIIIIIillll Illllllllllhlllllllllllllll � �'� � <br /> q03310769901 0233 185 0817 <br />
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