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201602065
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Last modified
7/23/2017 10:32:29 AM
Creation date
4/7/2016 8:46:44 AM
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DEEDS
Inst Number
201602065
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2� 1 ��2��5 <br /> fi. �ccupancy.Borrower sha�1 occupy, establish, and use the Property as Borrawer's principal residence <br /> within��days after the ex�cution of this Security Instrument and shall continue to occupy the Property as <br /> Borrower's principa�residence for at least one year after the date of occupancy,unless Lender other�vise <br /> agrees in�riting,which consent shall na�be ut�r�as�nably withheld,or unless extenuating c�rcumstances <br /> exist whiGh ar�bey�nd Borro�ver'��ontrol. <br /> ?. Preservation,Maintenance and Protection of the Property;�nspect�ons.Borro�ver sha11 nat destroy, <br /> damage or impair the Praperty,allow the Property to deteriorate or commit waste on the Froper�y. Wh�ther <br /> or not Borrower is residing in the property, Borrower shall maintain the Property in order to pre�ent the <br /> Property from deteriorating or decreasing in value due to i�s condition. Unless it is determ�ned pursuant ta <br /> Sectio�5 that repair or res�aration is no�economically feasible, Barrower shall promptly repaix the Property <br /> if damaged to avoid fur�her deterioration or damage. If insurance or condemnation proceeds are paid in <br /> connection with damage to,ar the ta.king of,the Property,Borro�ver shail be responsible for repauing or <br /> restoring the Prop�rty only if Lender has released proceeds for such purposes. Lender may disburse proceeds <br /> for the repairs an�i restaration in a single payment ar in a series of progress payments as the wark is <br /> completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Pr�perty, <br /> Barrow�r is not re��eved df Borro�ver's ob��gatr�n far t��comple��on of sueh repair or restorat�on., <br /> Lender or�ts agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br /> cause,Lender may inspect the inter�or of th�impravemen�s on the Property. Lender shall give Borrawer <br /> notice at the time of�r prior to such an interior inspection specifying such reasanable cause. <br /> 8. Borrower's Lc�an Appii�ation.Borrower shall be in default if, during the Loan applicati�n pracess, <br /> Borrovver or any persons or entities acting at the directian af Borrawer or with Borrower's knowiedge or <br /> � consen�gav�materially false, misleading,or inaccurate infozmation or statements to Lender(or failed to <br /> pro�ide Lender with mater�al informa�ian}in conunection with the Loan. Material representa.tions include,but <br /> are nat limited ta,repres�ntations concerning Borrower's accupancy of the Property as Borrower`s principal <br /> residence. <br /> 9. Pr�tectianof Lend�r's Interest in t�� Propert�and Rights Underthis 5ecurity Instrument.If(a) <br /> Borrower fails to perform�he co�enants and agreem�nts contained in this Security Instrument, (b}there is a <br /> 1ega1 proceeding that migh�signifiGantly affect Lender's�nteres�in the property andlar rights under this <br /> �ecuri�y ins�rument(such as a proceeding in bankruptcy,probate, for condemnation or forfeiture, for <br /> enforcement af a lien which may attain priority over�his Security Instrument or to enforce laws ar <br /> regulations},or(c}Borrower has abandoned the Property,then Lender may do and pay for wha�e�er is <br /> reasonable or appropr�ate to prot�ct Lender's interest in the Property and rights under this Security <br /> Instrument, inc�ud�ng protecting andlor assessing the value of the Property,and s�curing andEor repairing <br /> the Pr�perty. Lender's actions can include,bu�are not limited to: (a}paying any sums secured by a lien <br /> which has priority over thi�Se�urity Instrument; (b)appearing in cour�;and(�c}paying reasonab�e attorneys' <br /> fees to protect its interest in the Property andlor rights under this Security�nstrument, including its secured <br /> pos�t�on�n a bankrup�cy proceed�ng. Securing the Prapert�includes,but is na�limite�to, entering�he <br /> Pr�perty�a make repairs,change locks,replace or board up doors atad windows,drain v�ater from pipes, <br /> eliminate building or other code�iolations ar dangerous conditions,and have utilities turned on or off. <br /> Although Lender may take action under this�ection 9, Lender does not have to do so and is not under any <br /> duty or o�aliga�ion t�do so. It is agreed that Lender incurs no liability for not taking any or a11 actions <br /> autharized under this Section 9, <br /> q�3353643283 �233 35S 4817 <br /> NEBRASKA-Singie FamiEy-Fannie MaelFreddie Mac UNIFORM�NSTR�MENT WITH MERS Farm 3428 11�1 <br /> VMP� VIIAPBA(NE}{13�2�.4U <br /> Woiters Kluwer Financial Services Page 8 of 17 <br />
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