201502704 - Laserfiche WebLink

Browse

� � ��15��7�4 f. t]ccupancy. Barrower shall occupy, �5tablish, and use �e Property as Bvrmwer's principa� residen�e w�t.�in 60 days after th� execution tif �s Se�urity Ins�ument and sha�� cantinue to nccupy the Praperty as Barrower's �rinc�pai res�dence for at �ea5t vne year after the �iate vf occupancy, unles5 Lender vtherwise agnee� in writing, which cnnsent shall n�t be unre�ssonabiy wi�hheld, or un�ess extenuating circumstar�es exist which are heyond Bv�r+av�er's contr�al. 7. Preserva�ion, M aintenance and Protect��n of the Property; Inspect i�ns. Barrawer shall not�iestray, tlamage❑r impair the Praperty, allvw the I�raperty to deteriorate nr commit waste on the PropeYty. VVhether ar not Barnawer is residing in the Property, B�rrawer shall ma�in�in �� Pmpe�ty in order tv pre�ent #he pruperty from de�eriarating vr decreasing in �a�ue du� �a i�s cnndi�ion. Unless it is determined pursuant � Secti�n 5 that rep�ir ar res�arativn�s not economically fe�s�ble, Borrawer shal� promp�y repair the Pr+operty if damag�d �o a�aid fur�her deteriorati�n �r darnage. If �nsuran�e or candemnatian proceeds are paid in cannec�i�n with damage ta, vr #he taking vf, the Prape�ty, B��r�vwer shall be respansih�e for repairing ar restoring th� praperty vnly if Lender has re�eased proceeds for such purpases. Lender may disburse proceeds fvr the nepairs and res�vraf�on in a single p�yment nr in a series nf progress paymerrts as �e work is campleted.. If the insuran�e or evndemnati�n praceeds are nvt sufficient to repair or restore the Property, Bvrmwer is na�re�ie�ed af Bnrrawer's abliga�an fvr the completiun vf such repair nr resturativn. Lender or its agent may make rea�onable entries upan and inspectivr� nf#he Propexty. If it has re�ona��e cause, Lender may insp�ct the interivr af the imp�v�ement� vn the Fmperty. I.�ender shall gi�e Borrower natic�at the time�f or pr�or tn such an interivr inspect��n specifying such reasonab�e cau�e. $. Bvrr��r►er's L.nan Ap�licat�on. Bvrrvv�er shall be in defauit if, dur�ng #he Loan applicatiun pmcess� Borrower ur any persans ar entities acting a� the dir�ectivn �f �orrvwer or with Bvrr+ower's knowledge or c�nsent ga�e materially false, mislesding, �r inaccurate infarn�ation vr statement� tv L�nder (�r failed bo pro�ide Lender with mat�erial infarnzati�n) in connec�i�n with the Loan. Material representa�ian5 include, but are nvt limited tv, repre�entations �oncerning B�rrawer's vccupancy nf the Property as Barrvwer's principal residence. 9. Prot��ti�n of Lent�er's lnterest �n �he Proper�y and Rights Under this Security Instrument. If(a� B�rrav�er fails ta perform#he cv�enants and agreemenf� cant�uined in �.s Security Ins�iixmen� �b} �he� is a legal proceeding that might sigrufi�antly affect Lender's �nterest in #he Praape�ty andlvr right� under �us Security Ix�triiment �such a� a pmc�eding in bankruptcy, prabate, f�r cvndemnat�on vr farfeiture, for enfarcement af a lien which may att�in priority a�er #�u� Security In�bnument or t�v enfnrce laws ar regulatians�, �r (c� Borrvwer has abandoned the Property, #hen Lender may da and pay for whate�er is reasunable vr appropriate to protect Lender's interest in the Property and rights under this �ecurity Ir��avrnent, inc�utling prutecting andlor assessing the �alue �f #�he PmpertY, and secu�ing andlvr repairing the Property. Lender's activns can include, but are nat l�mi�ed �a: (a) paying any sums secured by a �ien which ha5 priarity u��r this Securi�y Ir�s�ument� (b) ap�earing in�ourt; and�c) paying reasanab�e attorneys' fees to pm�ect its interest�n the Proper� andlor righ�s under th�is Security Instrurnent, inc�uding it� s�cured pasifiian in a b�nkruptcy prnceeding. Securing �he Property in��udes, but is nnt lixnited �a, entering the Propeaty �v make repa.i�rs, change l�cks, replace or baand up dvars and windvws, drain r�a�er fram pipes, eliminate bualding ar a�her code �io�ations nr dangemus cvnditians, and ha�e uhlities turned �n �r nff. Althvugh Lender may t�ke actian ur�er�us Secti�n 9, L�nder dves n�t ha�e to dv sv and i� nat under any �uty or obliga#�on to dn sv. It is agreed that Len�er incv�s na liabii��y for nQ� t�king any ar �I actions authvrized ur�der this Sectivn 9. OD1124D49745 Citit�nk 3.�.91.15 V3 NEHRASISA-Sing�e Family-F�nni�MaelFreddie Mac UNIFDF�INST#�JMENT WITH MFJ�S Form 3D28 11D1 VMP[� VMPfiA{NE}(�302j.DD Wvfters Kluwer Fnancial Ser►rices P�age 8 aof 17