201209022 - Laserfiche WebLink

Browse

��,.. ,�>w . �0�.2o9ozti 6. Occupancy. Bonower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Properiy as Bonower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrces in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstanc� eacist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to,deteriorate or commit waste on the Property. Whether or not Bonower is residin m the Pro `� g' perty, 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 pwsuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage: If insurance or condemnation proceeds aze paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proce�is 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 procads are not sufficient to repair or restore the Property, Borrower is not relieved of Bonower's obligation for the completion 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 sha11 give Bonower notice at the time of or prior to such an interior insp�tion sp�ifying such reasonable cause. 8. Borrower'S Loan Application. Borrower shall 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 lrnowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representaiions include, but are not limited to, representations concerning Bonower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrwnent (such as a proceeding in bankrdptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority bti�r`�lvs Security Instrvment or to enforce laws or regulations), or (c) Borrower 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 tivs Security Instrument, including protecting and/or assessing the �5alue of the Properiy, and s�uring and/or repairing the Property. Lender's actions can include, but aze not limited to: (a) paying any sums secwed by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying r�sonable attomeys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property 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. 8801301261 N�RASKA•Single Family-Fannie Mae/Freddie Mac UN�FORM INSTRUMENT WITH MERS VMP � Wolters Kluwer Financfal Services .;f' t. V . , 8801301261 Form 3028 1/01 VMP6A(N� (1105) Page 8 of 17 tS ,