201604040 - Laserfiche WebLink

Browse

2� 1 ��4�4� S. �ccupancy.Barrower sha11 occupy, establish, and us�the Froperty as Borrower's principal resi��nce within�D days after the execution of this Security In�trument and sha11 conti�nue to occupy the Property as Banawer's principal r�sidence far at least one year af�er the�ate of occupancy,unless L�nder atherwise agrees in writing,which consent sha11 not be unreasonably withh�ld,or unless�xtenuating cucumstances exist v��ich are�e�ond Borr�v��r's control. 7. Pressr►►ation,Allaintenanceand Pr�te�tionvf th�Property;Inspections.Borrv�er shal�n�t destroy� damage�r impair the Property,allow�he Froperty to deteriora�e ar commit waste on the Proper�y. �Vhether or not Borro�ver i�residing in the Property,Bqrrower shal�maintain the property in order to prevent the Property fr�m deter�orating ar decrea�ing i�►value due to its conditi�n.Unless it is determined pursuant to Secti�n 5 that repa�r or rest�vrat�on is not eco�omica��y�feasib�e,Bo��ve�s�all�rv�pt��r repair the Pro�ert� if dama�ed to avoid furth�r deter�oration or damag�.If insurance or condem�natian proceeds are paid in cannection with damage to,or the ta,�ing of,�he Property,Barrower sha��be resp�nsibte f�r repairing or restoring the Prop�rty only if L�n.der has released proceeds�'or such purposes, Lender may disburse proceeds for the repairs and rest�ration�n a single payrnent vr�n a series vf progress paym�nts as the work is completed. If the insurance or candemnation proceeds are not suff c�ent to repau or restore the Property, �orrovver is not relie�r�d of Barrawer's ob��gation f�r the completion vf such re�a'vr or restoration. Lender or its age�t may make reasonable entri�s upon and inspect�ons of th�Propert�. If it has reasonab�e cause,Lender may inspect the interior of the impravements on the Property. Len.der shall give Borrower not�ce at the tirne of or prior to such an interior inspectian specifying such re�sonable cause. $, Bor�vwer�s Lvan App��cativn.Barro�uer sha11 be in default if, during the Loan application process, Bflrrawer or any persons or entities acting at the direction of Borrower or with B�rrower's knowledge or consent ga�e mater�a��y false,misleading,or inaccurate infarmation.or stat�ments ta Lender(or failed to �ro�ide Lender vv�th materia�informati�n}in c�nneetion with the Laan. Material representa�ions�nclude,but ar�not 1i�nited tQ,representations concerning Borrower's accupan�y of the Property as Bono�r�r's principa� resid�nce. �. Protectivnaf Lender's Int+erest in the Propertyand Rights Under this Security lnstrument.If�a} Borrow�r fa��s t�perform t�.e cavenants and agreements con�ained in th�s�ecurity Ins�rument, (b}th�re is a 1ega1 proceeding th�.t might signif cantly affec�Lender's int�rest in the Prop�rty andlor rights under this Security Instrum�nt(such as a proceeding in bankru�tcy,prvba�e, far condemnat�on or forfeiture, for enforcement of a lien which may at�in priority over this�e�ur�ty Ins�rumen�or to enforce lativs or regulations},vr��)Borrower has aba�ndoned the Prop�r�r,then L�e�de�may da��d.pa�for�hat�ver is reasonable or appropriate to protect I.ender's intere�t in the Property and right�under this Seeurity Instrument, ineluding protecting andlor assess�ng the va�ue of the Praper�y,and securing a�dlor repa�.ring the Property. Lender's actions c��.�nclude,but ar�not Iimited t�: (a)paying any sums secured by a�ien which has priority�ver this Securit�r Instrument;(b)appearing in court;and�c}paying reasonab�e attorneys' fees t�protect its interest�n the Property andlar rxghts under this Securi�y Instrument, including its secured pos�tion in a bankruptcy proceeding. Securing the Property includes,but is not limited to, entering the Proper�ta m�ke repairs,�hange locks,r�place or board up doors and�uindows,drai�water from pipes, eliminate�auildi�g ar�the�r code violat�ons�r dang�rous conditions,and have utilities turned on or off. Alth�ugh Lender may�a.ke action under this Section 9,L�nder d�es not have ta do so and is not under any duty or oblig�.tion�v do so.It�s agreed that Lender incurs no liability for not taking any or a�t activns author�ze�under this Section.9. qU3356�77974 �233 434 4$17 NEBRASKA�ir�gle Fami�y-Fannie MaelFreddie Mac UNIFORM fNSTR�MENT W1TH MERS Form 3426 110� 1lMP� VMPfiA�NE)�1302}.OD Vlfn�eis K4�vrer Financ�aS Se�v�ces Page 8 ofi 17