201604506 - Laserfiche WebLink

Browse

2� 1 ��45�� l. Preservation, Ma�ntenance and Pratection of the Property; Insp�ctions. Borrower shal�not destroy,damage or impair the Proper�y,allow the Fraperty to deteriorate or commit waste on the Property. Whether or not Borrower is res�ding in the Property, Borrower shal�maintain the Property in order to pre�ent the Property from deteriorating or decr�asing in�alue due ta its condition. Unless it is determined pursuant to Section S that repair or restoratian is not economically feasi�le, Borrower shali promptly repair the Property if damaged to a�oid further deterioration or damage. If insurance or cvndemnation proceeds are paid in�onne�tion with damage to,ar the taking of,the Property,Borrower sha�l be responsible f�r repairing or restoring the Property only if Lender has released prviceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a singte payment or�n a serie�of progress payments as the work�s completed. If the insurarice or condemnation proceeds are not sufficient to repair or restore the Property,Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspe�tions of the Property. If it has reasonabie cause,Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Appli�ation. Borrower shall be in defautt if,during the Loan appl�cation process, Borrower or any persons or entities acting at the direction of Borr�wer or with Borrower's know�edge or consent ga�e materially false, mis�ead�n�,or inaccurate information ar statements ta Lender(or faiied to pro�ide Lender with material information} in connection with the Loan. Material representations�nclude, but are not limited to,repr�sentations concerning Borrower's occupancy of the Froperry as Barrower's principal residence. 9. Protection of Lender's Int�rest�n the Property and Rights Under this 5��urity Instrum�nt. If(a�Borrower fai�s to perform the covenants and agreements contained in this Security Instrumen�,�b�there i s a legal pro�eed ing that m ight s ign ificantly affect Lender's interes�in the Property andlor rights under this Security Instrument(su�h as a proceeding in�ankruptcy,probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority o�er this Security Instrument or to enforce laws or regulations},or(c} Borrower has abandoned the Property,then Lender may do and pay for whate�er i s reasonab�e or appropriate to protect Lender's i nterest in the Property and rights under this Secur�ty Instrument, including prote�ting andlor assessing the value of the Property,and securing andlor repairing the Praperty. Lender's actians�an include,but are not limited to: (a}paying any sums secured by a�ien which has priority o�er this Security Instrument;�b� appearing �n court; and�c�pay�ng reasonable aitorneys' fees to protect its interest in the Property andl or r��hts under th�s Security�nstrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to,entering the Property to make repairs,change lacks,rep�ace or board up doors and windows,drain water from pipes,eliminate bui�ding or other code�iolations ar dangerous conditions,and have uti�ities turr�ed on or off. A�though Lender may take action under this Section 9,Lender does not ha�e to do so and is not under any duty or o�ligation�a do so. It is agreed that Lender incurs no l�ability for not taking any or all a�tions authorized under this Section 9. HCFG-00359 NEBR►45KA-5ingle Family-Fannie MaelFreddie Mac UNIFaRM iN5TRl1MENT Fam 3a28 1l01 VMP� 1'E 115 IMa�ters Kluwer Finan�ial Servioas 207fiQ53I]95.3.2.35�3-J2�1641��Y Page 8 of 17 •1 •