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201601301
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Last modified
7/23/2017 10:00:21 AM
Creation date
3/4/2016 1:09:21 PM
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DEEDS
Inst Number
201601301
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2� 1 �� 13� 1 <br /> �. �ccu pan�y.Borrower shall occupy, establish, and use�he Prop�rty as Borro�ver's principal residenee <br /> �vithi�6U days after the execution of this Security In�trument a�d sha���ontinue to occupy the Proper�y as <br /> Borrower's principal re�idence for at least ane year after the date of oc�upaney,unless Lender otherwise <br /> a�rees in writing,which consent shall not be unreasonably�vi�hheld,or unless extenuating cucumstances <br /> exist which are b�yond Borrower's con�rol. <br /> 7. Preservation,Maintenance and Protection of#he Property;lnspe�t�ons.$orra�ver shall not destroy, <br /> damag�or impair the Property,a�low the Propert�r to deteriorate or comm��tivaste on the Proper�. Whether <br /> or no�Barrawer is resid�ng�n the Property,Borrower shall maintain the Pr�perty in order to pre�ent the <br /> Pr�perty from deteriara�ing or decreasing in value due to its condition.Un�ess it is determined pursuant to <br /> Section 5 that repair or res�oration is not economically feasible,�orr�wer sha11 promptly repa�r�he Property <br /> if damaged to avoid further deterioration or damage. If insurance or condemnation praceeds are paid in <br /> connection�vith damage to,or the taking of,the Property,Borrawer sha11 be responsible for repair�ng or <br /> restoring the Proper�y only if Lender has releas�d proceeds for such purposes.Lender may disburse proceeds <br /> for the repairs and restoration in a single payment ar in a series af progress payments as the�vork is <br /> �ompleted. If the insu.rance or condemnat�on proceeds are no�sufficient to repair ar restore�he T'roperty, <br /> Borrow�r is nat relie�ed of Borrower's ob�igation for the completion of such repau or restoration. <br /> Lender or its agent may make reasonabie entries upon and inspections of the Property. If it has reasonable <br /> cause,Lender may inspect the interior of the improvements on the Propert�. Lender shall give Borrower <br /> notice a�the time of or prior�o such an interior in.spection specifying such reasonable cause. <br /> 8. Borrorn�er�s Loan App��cat�on.Borrower shall be in default if, during the Loar�application process, <br /> Borrower or an.y persons ar enti�ies acting at the direction of Borrawer or with Borrower's knowledge or <br /> eonsent gave materially fals�,misleading,or inaccurate information or statements to Lender(or fai�ed to <br /> provide Lend�r�ith material information)in connectiQn with the Loan. Mater�a�representations include,but <br /> are not limited to,representa.tions canc�rning Borrower's occupancy of the Property as Barrower's principal <br /> residence. <br /> 9, Protectionof Lender's Interest in t�e Prvp�rtyand Rights Under this Security lnstrument.If�a} <br /> �orrovver fails to perform the covenants and agreements contained in this Security Instrument,�b}there is a <br /> legal proceeding that might signiFi�antly affect Lender's interest in the Property andlor rights under this <br /> Security Instrument(such as a proceeding in bar�aruptcy,probate, f�r condemnation or forfeiture, for <br /> enforcement vf a lien which may attain priority over�his Security Instrument or to enforce 1a�vs or <br /> regulatio�s},or�c}Borrower has abandoned the Proper�y,then Lender ma�do and pay for�vhatever�s <br /> reasonable or apprapriate to protect Lender's interest in the Property and rights under this Security <br /> Ins�rument, including protecting andlor assessing the value of`the Property,and securing andlor repai�ring <br /> the Property. Lender's ac�ions can include,but are not limit�d to: (a}paying any sums secured by a lien <br /> �vhich has pr�ority over this Security Instrument; (b}appearing in court;and�e)paying re�.sanable at��rneys' <br /> fees to prote�t�ts interest in the Property andlor rights under this Security Instrument, including its�ecured <br /> position in a bankruptcy proceeding. Securiag the Propeity�n.cludes,but is nat lim��ed to, entering the <br /> Property to ma.ke repairs,change locks,rep�ace or board up daars and t�vindows,drain vvater from pipes, <br /> eliminate building or o�her code�io�atiQns or dangerous conditions,and ha��utilitie�turned on or off. <br /> Although Lender may take a�t�on under this Section 9,Lender does not have to do so and�s not under any <br /> duty or obligation to da sa. It is agreed that Lender incurs no liability for not ta.king any or all actions <br /> authorized under th�s Section 9. <br /> qD33519b4�63 ��33 3z8 a817 <br /> NEBRASKA-5ingle Family-Fannie MaelFreddie Mac LINIF�RM INSTRUMENT WITH MERS Form 3ti�8 1141 <br /> VMP� VMPBA[NE}��3Q2}.44 <br /> 11Vofters Kluwer Financial Servi��s Page 8 of 17' <br />
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