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201300821
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Last modified
12/31/2013 11:36:53 AM
Creation date
2/1/2013 3:07:58 PM
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DEEDS
Inst Number
201300821
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201300821 <br /> 6. Occupancy. Borrower shall occupy,establish,and use the Property as Borrower's principal residence <br /> within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as <br /> Borrower's principal residence for at least one year after the date of occupancy,unless Lender otherwise <br /> agrees in writing,which consent shall not be unreasonably withheld,or unless extenuating circumstances <br /> exist which are beyond Borrower's control. <br /> 7. Preservation, Maintenance and Protection of 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 not Borrower is residing in the Property.Borrower 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 restoration is not economically feasible,Borrower shall promptly repair the Property <br /> if damaged to avoid further deterioration or damage.If insurance or condemnation proceeds are paid in <br /> connection 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 purposes.Lender may disburse proceeds <br /> for the repairs and restoration in a single payment or in 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 Borrower'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 shall give Borrower <br /> notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br /> 8. Borrower's Loan Application.Borrower 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 materially false,misleading,or inaccurate information or statements to Lender(or failed to <br /> provide Lender with material information)in connection with the Loan.Material representations include,but <br /> are not limited to,representations concerning Borrower's occupancy of the Property as Borrower's principal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Borrower fails to 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 this <br /> Security Instrument(such as a proceeding in bankruptcy,probate,for condemnation or forfeiture,for <br /> enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or <br /> regulations),or(c)Borrower has abandoned the Property,then 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 limited to:(a)paying any sums secured by a lien <br /> which has priority over this Security Instrument;(b)appearing in court;and(c)paying reasonable attorneys' <br /> fees to protect its interest in the Property and/or rights under this Security Instrument,including its secured <br /> position in a bankruptcy 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 not under any <br /> duty or obligation to do so.Tt is agreed that Lender incurs no liability for not taking any or all actions <br /> authorized under this Section 9. <br /> 8801387159 8801387159 <br /> NEBRASKA-Single Family-Fannie Mae Freddie Mac UNIFORM INSTRUMENT WITH MERS Form 3028 1101 <br /> VMP UM P6A(NE)(1105) <br /> Wolters Kluwer Financial Services Page B of 17 <br />
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