201402332 - Laserfiche WebLink

Browse

��14��33� F. �ccupancy,Borrov��r sha11 occupy, establi�h, and use the Property as Borrower's principal residen�e wit�in 64 days af�er the execution of this S�curity Instrumen�and sha11 continue to o�cupy the T'roperty as Bor�rower's principal residence for a��east nne yea.r after th�dat�of occupancy,unless Lender otherwise agrees in writing,v�hich cans�nt sha�l not be unreasQnab��withheld,or unless exten�ating circumstanG�s exist whieh are beyond Borrower's cantrol. 7. Pre�ervation,Maintenanc$and Prote�tionc�f the Pr�perty;[nspections.Borrv�ver sha11 nat destroy, damag�or�mpair the Pr�perty,allow the F'raperty t�deteriorate or cammit waste on the Froperty. �hether or not Borr�wer is residing in th�Property,B�rrower sha11 maintain the Property in order to prev�nt�he Prflperty from deterioratin�ar decr�asin�in�a�ue due to its condition.LJnless it is determined pursuant to Section 5 that repair ar restoration.is not�conom�cal�y feasible,Bo�-rawer sha11 pramptly repair t�.e Proper� if damaged to avoid further deter�aration�r damage. If insurance or condemnati�n proceeds are paid in c�nnection with damage to,or the taking of,�he Property,Borrower shall be respansib�e for repairing or res�aring the Property onty if Lender h�s re�eased pr�Ceeds for such purposes.Lender ma�r disbur��proc�eds f�r the repairs and restoration in a sin�le payment ar in a ser�es af progress payments as th�wor1�i� comg�eted. If the insurance or condemn.ation proceed�are not sufficient to repair or restore the Property, Borro�ver is not r�lieved of B�rrower'�obligation f�r the completion of such repair ar restaration. Lender or its agent may make reasanable entries upon and inspections vf the Pr�perty. If it has r�as�nab�e cause,Lender may in.spect the interior�f the�mpr�vements on the Proper�y. Lender sha11 gi�e Borro�ver nfltice at the�ime of or priar to such an�nterior inspecti�n specifying such reas�nabie cause. 8. �orrower's Loan Applic�tion.Borrower shal�be in default if, during the L�an applicat�on process, Borrower ar a�.�pers��s or er�tities acting at th�duection�f Borrower or�ith Borrower's�nowledge or cansent gave materially fal�e,misle�ding,or i�accurate infflrmation�r sta.�tements to Len�er(or failed to pravide Len��r with material infarmat�on)in cannect�on with the Lo�n. Material representations include,�ut are no�limited to,representations�an.c�rn.ing Borrower's occupancy of the ProperCy a�Borrower's principal residence. 9. Protectivnvf Lender's Intgr�est�n the Prc�pertyand Rights Under this�ecurity Instrument.If�a� �orrower fai�s to perfarm the covenants and agreements contained in this Security Instrument,�b)there is a �ega1 proceeding that might signif cantly affec�Lender's interes�in the Froperty andlor rights under this Security�nstrurnent(su�h as a pro�eeding�n bankruptcy�prabate, for condemnation�r forf�iture, for enf�rcement of a lien vvh�ch may attain priority over this Security Instrumen�or to enforce laws ar regulatians},or(c)Borro�ver h.as aband�ned the Property,�hen Lender may do and pa�for�vhatever is reasonabl�or appropriate ta protect Lender's interest in the Fraperty and r�ghts under this Security In.strumentA including pr�tecting andl�r assessing the valu�of the Property,and securi.ng andlor r�pauing th�praperty. Lender's ac�ions can include,but are not Iimited to: (a)paying an}�sums secured b�a��en �h�c�.has priority over this Security Instrument;(b]appearin.g in cour�;and(c)pay�ng reasonable at�ome�s' f��s to protec��ts i�.terest in the Proper�y andlar r�ghts under this Security Instrument, rncluding�ts s�cured position in a bankruptcy proceed�ng. Securing the Property inc�udes,but xs nat�imited to,enfiering�he Property�o ma1�e repairs,char�ge loclfs,replace or board up doors and window�,drain water from pipes, �l�mxnate building or other code violation.s or dangerous condi��ons,and ha�e util�ties tumed�n�r off. Although Lender may ta.ke action under this Sectio�.�,Lender does not ha�e to do so and i�not under any duty or obligation t�da sa. I�i�agreed that Lender inGurs no Iiabi�ity far nvt t�kxng any�r all a�tions authori�ed under th�s Section 9. q�33�57G�251 t�233 3�9 4817 NE9RASKA-Sir�gle Family-Fanr�ie MaelFrsddie Mac l]NlFflRM INSTRUMENT VIIiTH MERS �� Form 3428 1141 VMP� VMP6A�NE}�13D2).44 Vllolters Klwver Fina�c�a�5ervices Page 8 of 17