201208264 - Laserfiche WebLink

Browse

�0120$264 6. Occupancy. Borrower shall occupy, establish, and use the Property as Bonower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent sha11 not be unr�sonably withheld, or unless extenuating circumstances exist which aze beyond Borrower's control. 7. Preservation, M alntenance and Protectlon of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, a11ow the Property to deteriorate or commit waste on the Properiy. Whether or not Borrower is residing in the Propetty, Borrower shall maintain the Property in order to prevent the Properiy from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically f�sible, Borrower sha11 promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnarion proceeds aze paid in connection with damage to, or the taking of, the Fr'operty, Borrower sha11 be responsible for repairing or restoring the Properly only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds aze not sufficient to repair or restore the Property, Borrower is not relieved of Bonower's obligation for the complerion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Bonower norice at the rime of or prior to such an interior inspection specifying such re�sonable cause. 8. BoROwer's Loan Applicatlon. Borrower sha11 be in default if, during the Loan application process, Bonower or any persons or entities acting at the direction of Bonower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material infomiation) in conn�tion with the Loan. Material representations include, but aze not limited to, representations conceming Borrower's occupancy of the Property as Borrower's principal r�idettce. 9. Protection of Lender's Interest In the Property and Rlghts Under this Security Instrurnent. If (a) Bonower fails to perform the covenants and agreements contained in this Security Instrwnent, (b) there is a legal praceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forFeiture, for enforcement of a lien wluch may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Boaower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instnunent, including protecring and/or assessing the value of the Property, and securing and/or repairing the Properiy. Lender's actions can include, but ace'�ot limited to: (a) paying any sums secured by a lien which has priority over this Security Instnunent; (b) appeazing in court; and (c) paying reasonable attomeys' fees to protect its interest in the Properly and/or rights under this Security Instrument, including its secured positiott in a bankruptcy proceeding. Securing the Properiy includes, but is not limited to, entering the Properiy to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. aeo�zr7zo� NFBRASKASIngle Famfly-Fannia Mee/Freddie Mac UNIFORM INSTRUMENT WITH MER3 VMP 0 YVoltera Kluwer Finencfel Services eeo�znzo� Form 3028 1/01 VMPBA(N� (1105� Pege B ot 1 �l �y ,,�