201500574 - Laserfiche WebLink

Browse

��15��574 �. Dccu pan�y.B�rr�wer shal�oc�upy, ��a�lish,�.nd u.s�th�Pr�perty as Borrower"s principal residence within��days af�er the ex�ution�f t�is 5�c�.rity �nt and shall conti.�ue to�ccupy th�Prop�rty as Borrovver's pru�c�pa�re�id�enc��+�r at I�t�n�y�a.r af�er th�d�.t��f oc�upan�y,unless Lender oth�vi.se �.gr��s in writxng,�which cons�nt sh�a�l n+�t b��ea�onabl�vvithheld,or u.nle�s exten�uating�urcumstance� �xist�ch ar�bey�nd�rrow��c��l. �. Preser+�at�on,Nlaintenan�and Prv�nncrF the�ropert�l;Insp�ctions.Borrovver shai�not destray, dama�e or�air th�Propertgr,allo�the P�r€��er�fi�d�teriar,a.te�r com.mit tivaste an the Prope�rty.Whether �r not Borr�vv�r is residing in t�i�PrQper�y,�rrower shatl mainta.in th�Prop�rty in order tn prevent th� Property from d�ter�orati.ug or d�reasing in vaiue�u�to i#s con�ition.�nle�s it i�� ' ed pursuant�o ��cti�n 5 that r�pair vr r�st�ra.tion is not e�vnonu�all�feasibl�,B�n��er shall�mm�t�y re�gau th�Fr��e� if dama.��+d to avoid further d�teriorat�on�r�da.mage.If i.ns�n�e or c�ndemtnation proce�d.�are paid in �onnect�on�ith dam�ge to,or th�taki.ng��t��Pr�aper�y,B�orr�vver shall be r�spons�h�e f�r r�pairing or re�taring th�Pr�pert�r only�f L��ha�re��d prac�eds for su�h purposes.Lender rr��di�burs�proceeds for the repairs and r�st�ration in a�i�gt��ym�nt vr in a s�ries of prvgr�ss payments as#he wQrk�s completed.If the insuran��r�nd�mn�ati�n pr�c��ds ar�not suff'�cient�o r�pau or restore the Proper�y, E►�rravve�is n�t reli�v�of$�orro�ave�s��b�i�ati�n f�r�ie�n�plet�on�f such a�epair or res�orat�on. Lender�r�ts agent m.ay mak�e r�onabl��ntsies�pon and�in�p�ctions af th�Prop�rty.If it has reasonable caus�,Lend�r ma�i.n,spect th�interior of th�i�grovements on the Frope�.ty.i.�nder shall$iv��orrow�r n�tice�t the t�me�f or prior to s�uch an int�rivr ivasgectian sp�ifyi.ng�uch reasonable cause, 8. 8orro�►��'�Loan Appl�cat��n.Borr�w�r shall b�in default if, during the Loan a�g�icatinn process, Sorrow�r ar an�person�or�ntit��a�tin�at th�dire�tion�f Iiorr�wer or with Borr�we�'s knowledg�or consent gav�materially f�Is�,misl�a�.ing,or in,acc�rate inf�rmat�on ar statements#�o Lender(or failed to provide Lender with materia�information)in connectian wi�h the Loan.Mat�rial repr�s�ntatian.�i.nc�ud�,but are n�t limited t�,representati�ns�vncernin�Borr�we�s occupancy�f the Prop�rty as Borro�er's principal r�sidence. 9. Prot�ctianvf L�nder's�nt�rest��#he Property�nd R�ght�Under#hi�S�ecurity Instrum�nt.If�a} Borrovver fai�s to perform th�c��enants an�a�re��ents con#�a.ined i.a this Security Ins�ru�na�nt,(b)th�r�is a legal praceeding that might�i�nifica,ntl�af�ect L�nd��'s inter�st un the Property andlor ri$.hts und�r this S�curity Inst�um�nt�such as a proc�edin�u�ba.nkr�iptcy,probate,for condemnation or forf�itur�,fdr enforcement of a lien�vh�ch may att�in p�ri�rity o�er t�is S�urity �nt or tQ enforc�laws or r�gulatio�s),or�c)Borrower has a�and�ne�th�P'r��rty,t��n Lender nnay d�and pay f�r what�v�r is rea�onable�r appr4priate ta protect Lender's inter�st in the Property and righ�s und�r th�.s S�curity Instrument, including pra#�cting andlor a.ssessin�the value af th�Fr�per�,and s�curi.n�an�or repairin� the Pr�perty. Lender's��ction�s can inc�ud+�,but are not�imit�d to:(a�payi.ng any sums secur��by a�ien �vhich has pri�rity over th�s 5ec�rity ent;�b}appearing in court;and(��PaYing r��sonab��attorn�ys' fee�to prQte�t its interest in the Property�.n�1or rights ux�der thi.s Security Instruament, includis�g its secured �osition i�a��u�#.c�prc�ceedin�. �e��ring th��roper�y inc�ud��,��t is not lim�tec�tt�,�nt.�ring th� Prop�rty ta make repav�s,change locks,replace or board up doQrs�nd v�r�.ndows,drain water from pipes, elim�nate buildin�t�r other code v�o�atio�or dangerous c�nditions,and ha��utilitie�#urnet�on or off. Although Lender may take acti�n under this��cti�n 9,Lend�r dQ�s n�t ha�e to do so and is a�t under�ny duty or ob�igation to do so. It is agre�d t�at L�nder in�c�.rs no�iability for not taki.�a�any ar all actions auth4ri�ed under th�s Section 9. q�333 487 3 45 $17 NEBRASKA-5in�le Famiiy-�Fa��ie�Aae1F�i�Mac U�I�F4i,tM IAISTRIlM�MT V+,IITH IMERS FDmn 3D281141 VN�P� VMF�,[N�}(1342}.4Q VVolter�Klwrrec Financial Senrices Pa►ge 8 af 17 �