201405788 - Laserfiche WebLink

Browse

��14�57SS C. �ccupancy.Borr�wer sha�l occupy, establish, and use the Frop�rty as Bonovver's principa�residen�e �vithin 6�days after the execution of this Security Instrument and sh�11 continue to�ccupy the Property as Borrower's principal residence for at least Qn�year aft�r the date of occupancy,unless Lender otherwise agrees in�vr�ting,whi�h cansent shal�nvt be unreasflnably withheld,or un�es�extenuating circumstances exist which are beyond Borrower's control. ?. Preservation,ll�aintenanceand Protectionaf the Proper�ty;Inspections.Borrower sha11 not�lestray, damage ar impair the Prop�rty,allo�r the Prope�-�y to deteriorate or commit waste on the Property. Whether ar not Borrower is r�siding in the Proper�y,Borrower shall maintain the Property in order to prevent the PrQper�j from deteriara�ing or decreasing in value due ta its condition.Unless it is determined pursuant to Section S that repair ar rest�ration is not economically feasible,Borrower shall promptly repair the Praper�y if damaged to avo�d further deteriaration or damag�. If insurance or condemnation proceeds are paid in connection with damage to,or the tal�ing of,the Propert�,Borrawer sha11 be resp�nsible for repairing or re�tar�ng the Property only�f Lender has relea�ed proceeds for such purposes. Lender may disburse proceeds for the repaus and restoration in a sing�e payment or in a series of progress payments as the wark is completed. If�he insurance or condemnation proceeds are not sufficient to repair or restor�the property, Borro�er is no�r�lie�ed of�orrawer's obligation for th�completion of such repair ar res�oration, Lender or its agent may make reasonable entries upan and inspections of the Propert�. If it has rea�onable cause,Lend�r may inspect the interior of th�impro�ements on the Property. Lend�r shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower�s Loan Application.�orrower shall be in default if, during the Loan application pracess, �orrower or any persons or entities acting at the direction of Borro�v�r or with B�rro�ver's knawledge or consent gave materially false,misleading,or�naccurate informa�ion or statements to Leader[or failed to provide Lender with materia�information}�n connection with th�Loan. Material r�presen�ations�nc�ude,but are not limited to,repres�ntations concerning Borrower's oecupancy of the Property as Borrower's principal residence. 9. PrQtectianof Lender's Interest in the Prapert�and Rights Under this Security Instrument.If(a} �orrov�er fails to perform�he covenants and agreements contained in this Security Instrument, (b}ther�is a legal proceeding that might significantly affect Lender's interest in the Pr�perty andlor rights under this Security Instrurnent(such as a pr�ceeding in bankruptcy,probate, for�ondemnation or forfe�ture, for enforc�ment�f a lien which may attain priorYty o�er this��curity Instrument or ta enfarce�aws�r regulations},ar�c)Sarrower has aband�ned the Prop�rt�,th�n Lender may do and pay for vvhatever is reasonable or appropriate to pratect Lender's interest ia the I'roper�r and rights under this Security Instrument,inc�uding protecting andlor assessing the�alue of the Prop�rty,and securing andlor repairing the Prop�rty. Lender's acti�ns can inc�ude,but are no�limited t�: �a}paying any sums secured by a lien which has priority a�er this Securi�r�nstrument; �b)appearing in cour�;and(c}paying reasonab�e attorr�eys' fees to pro�e�t its interest in the Property andlor rights under this Secur�ty In.strument, including its se�ured position in a bankruptc�proceeding. Securing the Property includes,but is not limited to,entering the Prapert�r to make repairs,change locks,replaee or board up doors and windovvs,drain water fram pipes, eliminate building or other code violations or dangerous conditians,and have utilities turned on or off. Although Lender may#ake action under th�s Section 9,Lend�r does not have to do so and is aot under any dut�or obligation to do so. It is agreed tha�Lender incurs no��ability for not tal�ing an��r a11 act�ons au�horized under this Section 9. q�333��8393 �233 �7� 4817 �]�� NEBRASKA�ingle Family-Fannie MaelFreddie MaG UNlF�RM INSTRLJMENT 1lV1TH�NERS Form 342811�1 VMP� VMPBA(NE�41342}.44 Wolters Kluwer Financial Services Page 8 of 17