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201601675
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Last modified
7/23/2017 10:16:35 AM
Creation date
3/22/2016 8:55:06 AM
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DEEDS
Inst Number
201601675
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2� 1 �� 1 �75 <br /> S. Oc�upancy.Borro�ver sha11 oceupy, establish� and use the Froperty as Bonovver's principal resider�ce <br /> �rith�n 6�days after the execution of this Security Instrument and shat�contin.ue to occupy the Property as <br /> Borrot�ver's princ�pal residence far at least one year after the date of occupan�y,unless L�nder otherwise <br /> agrees in writing,�uhieh cons�nt sha11 not be unr�asonably withheld,or unless extenuating circumst�.nces <br /> exi�t which are beyond Borr��er's cantral. <br /> l. Preservation,Maintenance and Protection of the Property;Inspectior�s.Borro�ver shall not destroy, <br /> damage or impair the Prop�rty,a11ow the Property to deteriorate or commit vvaste on the Property. Whether <br /> ar n�t Borrower is residing in the Property,Borrow�r shall main.ta.in the Property in order to prevent the <br /> Property from de�eriorating or decreasing in value due to its�ondi�ion. Unless it is determined pursuant to <br /> Secti�n.S that repair or restorat��n is not econom�cally feasible,Borr�wer s�all promptly repair the Praperty <br /> if damaged to avoid further deteri�ration or damage. If insurance or condemnation proceeds are paid in <br /> connection with damage�a,or the ta.king of,the Prapear�y,Bono�ver sha11 be respans�ble for repairing or <br /> restoring the Froperty only if Lender has released pr�ceeds for such purposes. Lender may d�sb�rse proceeds <br /> f€�r the repairs and restaratian in a single payment or in a series of progress payments as�he work is <br /> campleted. If the�nsurance or condemnation pr�ceeds are not suff cient�a repair or restore the Property, <br /> Borro�er�s nat retieved of Borrower's obligation f�r the completion of such repair or restoration. <br /> Lender or its agent may make reasonabl�entries upon and inspections of the Property. If it has reasonab�e <br /> cause,Lender rriay inspec�the interior of�he improvements an the Property. Lender shall give Borro�ver <br /> nntice at the time of or prior to such an�nterior inspection specifying�uch reasonable cause. <br /> $. Borrrower`s Loan A�plication.Borro�ver shall be in def�,ult if, during the Lvan a�pli�ation proeess, <br /> I�orro�ver or any persons or entitie�acting at the direction of Borrower or with Borrower's knawledge or <br /> consent gave ma�erially false,misleading,�r inaccurate information or sta.tements to Lender�or failed to <br /> provide Lender with ma�eriai�nformation}in connection with the Loan. Material representa.tions inGlude,but <br /> are not limited to,represen�ations concerning Borrawer's occupancy of the Property as B�rrotiver's principal <br /> residence. <br /> �. Protectian vf Lender�'s IMterest in the Propert�an�Rights Under this Security Instrument.If(a} <br /> Borra�er fails to p�rform the covenants and agreements�ontai��d in this Security Instrument, �b}there is a <br /> legal proc�eding that might signi�cantly aff�ct Lender's inter�st in th�Proper�y andlor rights under this <br /> Security I�.strt�.ment�such as a proceeding in ban�kruptcy,probate, for condemnation ar farfeiture, for <br /> enforcerne�nt af a tien tivhich may at�ain priority over thrs Security�nstrument or to enforce la�vs or <br /> regulatio�s},or�c}Borrower has a�andoned the Froperty,then Lender may do and pay for tivhate�r�r is <br /> reasonable or apprapriate ta protect Lender's interest in the Property and rights u�.der this Security <br /> Instrument, �ncluding protecting andlar assessing the value of the Property,and securing andlor repairing <br /> the Proper�y. Lender's actions can include,but ar�n.o��imited to: (a}paying an�sums secured by a lien <br /> vvhich has priar�ty o�rer this Security�nstrument; (b)appearing in cour�; and(c)payi.ng reasonable attorneys' <br /> f�es�o protect its�nterest in the Praperty andlor rights under this S�cur���nstrument, including its secured <br /> position�n a bankruptcy praceeding. Securing the Fraperty includes,but is not limited to, enter�ng the <br /> Property to make repairs,chan�e locks,replace or board up doors and windows,drain water from pipes, <br /> eliminate building or other cod�violations or dangerous conditians,and have utilities turned on or off. <br /> Although L.ender may ta.ke acti�n under this Section 9,Lender does not ha�e to do so and is not under any <br /> duty ar obligatian ta do so. It is agr�ed that Lender incurs no liability for not taking any or a�l actions <br /> authorized under this Sectian 9, <br /> q�335342�54� Q�33 z67 Q$l7 <br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac L1NIF�RM INSTRUMENT�IViTH MERS Form 3428 11Ui <br /> VMP D VMPBA[NE}[1342}.44 <br /> Wolters Kluwer Financial Servic�s Page 8 of 17 <br />
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