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201600837
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Last modified
7/23/2017 9:42:54 AM
Creation date
2/10/2016 2:03:48 PM
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DEEDS
Inst Number
201600837
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2� 1 ���837 <br /> Borr�wer)under a11 insu�ance polici�s co�ering the Fr�p�r�y, �nsofar as such righ�s are applicable to the <br /> co�erage of the Pr�perty.Lender may use the insu.rance proce�ds eith�r t�repair vr res�ore the Property <br /> or to pay amounts unpa�d under the Note ar this�ectu�ty Instrument,whether or no�then due. <br /> �. C3�cupancy.Borrawer sha11 occupy, establish, a�d use the I'roperty as Borrower's principal residence <br /> �rithin 6�days a�er the execution af this�ecurity Instrument and sha�l c�n��nu�to accupy the Froperty <br /> as Barrawer's principal residence for at least one year after the date of accupancy,un�ess Lender <br /> determines that this r�quirement�ha�l caus�undue hardship for the Borrow�r or unless extenuating <br /> circumstances exist which are beyand Borrawer's contro�, <br /> �. Preservativn=Allaintenanceand�rc�tectivnaf the Prc�p�rty;ln�pe�tions.Borrower sha�l not <br /> destroy�dama�e or impa�r the Properiy,��Iow the Property to deteriorate or commit�vaste an the <br /> Fraperty. Barro�ver shall mai�tain the Progerty in order to prevent the Prop�rty firom deteriorating or <br /> decreasing in value due to its condition.Unless it is determined pursuant to Section 5 that repair vr <br /> restoration is not ecanamically feasible,Borrow�r shall pramptiy r�pair the Property if damaged to <br /> avoid further deteriorativn or damage. If insurance�r cvn�emnation proceeds are paid in connection <br /> tivith damage to the Pr�perty,B�rrower sha11 be r�sponsible for repairing or restor�ng the T'raperty only <br /> if Lender has released prace�ds for�uch purpos�s.Lender may disburse proceeds for the repairs and <br /> re�toration in a sing�e paym�nt or in a series of pragress payments as the work is camplet�d.If the <br /> insuran�e or condemn�.tion proc�eds are nat sufficient to repair or restor�the Property,Borr�wer i�not <br /> relie�ed of Borrower's obliga�ion far the completion of su�h repair vr restoration. <br /> �f condernnati�n groceeds ar�paid in connect�an with the takin�of the�roper�y,Lender sha�l apply such <br /> proceeds to the r�duct�on of�he�ndebtedness under the Not�and this S�Gurity Instrum�nt, firs�to any <br /> delinquent amounts,and�h�n to payment of principal.Any app�icatian of the proceeds to the princiga� <br /> shall nat extend or postpane the due�at�of the monthl�r payments or change the amaunt of such <br /> payments. <br /> �ender or its agent may make reasona�le entries upon and inspections of the proper�r.If it�as <br /> reasonable cause,L�nder may inspect the interior of the impro�ements an the Praperty.Lender shall�iv� <br /> Borrower n.vtice at the�ime of or prior t��uch an interior inspection specifying suGh reasonable Gause. <br /> $. Borrower's Loan Appliea#i�n.Borrower shall be in default if, du.ring the I.oan app�icat�Qn proces�, <br /> Borra�ver or any persons ar er�titie�acting at the direction of�orrov�er or vvith Borrower's kt�ow�edge or <br />� co�sent g��e�a�erially false,r�islead�g,or i�a�c�urate informa�ion of s�aterr�ents to Lender�ar fa��e�to <br /> provide Lender vvith material�nfvrmatian�in connection with the Loan.Material repres�ntat�ons inGlude, <br /> but are not�imited toA r�preseatations cancern�ng Bar�rower's oc�upancy of the Praperty as Borro�ver's <br /> princ�pa�r�sideace. <br /> 9. Protecti�nvf Lender's�nterest in the Prop�rtyand F�i�hts Under this Security Instrument.If <br /> �a}Borrower fails to perfc�rm the covenants and agreements cot�tained in this�ecurit�Instrument,�U} <br /> there is a legal pr�c�ed�ng that might significant��aff�ct Lender's interest in the I�roperty andlor rights <br /> under thrs Security Instrument(such as a proceeding in bankruptcy,probate, for condemnation ar <br /> forfeiture,for enforcement�f a l�en which may att�in priarity over this Security Instrumeat or to enforce <br /> laws�r regulations�,or(c�I3orrower has abandoned the Fr�p�rty,then Lender may do and pay for <br /> whatever is reasonahle or appropriat�to protect Lender's int�rest in the Property and r�.ghts under this <br /> Sec�ity�nst�m�en�,i�cl�di�g�ro��cting andlor ass�ssing the value�f the Froperty,and securing andlor <br /> � repairing the Property,L�nder's acti�ns�an include,but are not�im�ted ta: (a)paying any sums secured <br /> FHA Deed of Tn�st With MERS-NE 9f341��i4 <br /> Bankers SystemsTM� VNlP�7 VMP�N(NE}(154�].44 <br /> Wolters Klu►�er FinSrr�ia�Seniices Page 8 af 1� <br /> q43349844171 ��33 386 4811 <br />
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