201604041 - Laserfiche WebLink

Browse

2� 1 ��4�41 C. �ccupancy.Borrower sha11 occupy, esta.blish, an�use the Prop�r�y as Borrower's prin�ipal resid�nce v�ithin►�6�da�s aft�r the e�ecution of this Sec�rity Instrument and shall cantinue to occup�t�he Pr�per�y as Barrawer's pr�nci�al res�dence far at�east one year aft�r the date of oc�upan.Gy,unless Lender otherwise agrees in wr�ting,wh�ch co�sent sha11 nat be unr�asonably withhe�d,or unless extenuating cir�umstances exist whi�h are beyond Borrower's control. 7. Preser�ratian,Ma�ntenanceand Prote�tionof the Pr�pe�;ln�pections.Borrower sha11 not destray, damage or impair the Pra�erty,allow the�'�'operty to deteriarate or commit�aste on th��ro��rty.�hether or nvt Borrovver is r�sidin�in the Property,Barrower sha11 rxiaintain the Froper�y in arder�o prev�nt the Froper�y f.rom de��riorat�ng or decreas�ng in value due to its cvndit�on.�Tnl�s�it is determined pursuant to �ectron 5�hat rep�.ir o�restaration is not economica��fea�ible,Bvrrotiver sha11 promptly repai�r the Property if damaged ta avaid further deterioratian or damage. If insuranc��r c�ndemnat�on prviceeds are paid in eonrYect�on with damage to,or�he ta��ng of,the Prap�rty,Borr�wer sha11 be responsible for repairing�r restoring the ProperCy only if�.end�r has released proceeds far such purp�ses.L�nder may dis�urse proceeds far the repairs and restoration in a single payment ar in a series�f progress payments as the work is completed. If the insurance or condemna�ion proceeds are not sufficient�o repair ar restore the Prop�rty, B�rro�ver is nat re�ieved o�'Borrow�r's vbligation f�r the c�m��etion of such repair or rest�ration. L�nder or its agent may make reasanabl�entries upon and inspections of the proper�. If�t has reasaaab�e cause,�ender ma.�inspect t'he��ateriar of the im�rovements vn t�e�roperty. Lender sha11 gi�e�orrower notice at�he tim�of or pr�or to suc�.an int�rior inspectinn specifying such reasonable cause. $, Borr�ower's Laan Applicatian.Barrower shall be in default if, during the L�an applicat�an�rocess, Borro�rer ar any per�ons or entit�es act�ng at the directian of�orr�tiver or with B�rrower's kn�wledge or c�nsent ga�re materia�ly fa�s�,mislea�ing,or inaccura�e information or sta.t�ments to Lender(or fai�ed to pro�xde Len�t�r with material infarmation)in conne�tion�ith the Lo�.�,ll�a��rial r�presen�.t�ons include,b�.t are n�t�imi�ed to,repr�senta�rons concerning Borr�wer's occupancy of the Property as Barrower's principal residence. g. Protectianof Lender's Interest in the Propertyand Ri�hts Under th��Security Ins��ument.If(a} Borro�ver fails to�erfarm the covenants and agreements conta�ned in this Security Instrument, (b}there is a legal pra�eeding that m�gh�significantly affect Lend�r's interes�in the Property and��r rights u�der this Security Instrument�sueh a�a praceeding i�.�ankruptc�,probate, for condemnation or f�rfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce Ia�vs or regu�ations),or�c}�arro�e��.as abandoned the Proper�,�h+�n.�,�nder may da and pay for whatever is reasonable flr appropr�ate to protect Lend�rrs�nter�st�n the Property and rights under�his Security �nstrument, including prot�cting andlor assessing the value of the Property,and securin�andlor repairing the groperty.Lender's actions�an inctude,but are not lim�ted to: �a�p�.ying any sums secured by a lie� which has prior�ty aver�his Security Instrument;[b)appearing in court;and(c}pa��ng r�as�nable attorneys' f�es to prot�et its interest in the I'r�perty andlor rights under thxs Security Ins�.ment� inc�uding its secured position�n a bankruptGy proceed�n�. Securing the Property includes,but is not limited to, entering the proper�to make repairs�change lacks,replace or board up doors and windows,drain water fram pipes, eliminate building or other cade violations ar dangerous condition�,and have utilities�urned on or off. Alth�ugh Lender may take act�on under this Section 9,Lender does nat have to do so and is nv�under any duty or obligation to do so. It is agreed that Lender incurs no��ab�l�t}r for not taking any or a11 actions auth�ri�ed under this Section 9. q�3357�48245 ��33 Z�5 �817 NEBRASKA-Sing#e Family-Fannie MaelFreddie Mac UNIF�RM th(STRLIMENT WITH MERS Form 3428 1I�1 VMP� VMPBA�NE}�1342}.Q4 Walters Kluwer Financiai Senrices 'Page g of 17