201606138 - Laserfiche WebLink

Browse

2� 1 �� 138 �. �ccu pancy.$orrower sha11 occupy, establish, and use the Property as Borrower's principal residence w�t��n 6�days�fteF th�ex��t�a��f this Secur�ty Ins#x-ument and sha11 continu�tv oc+cupy�he Property as Borrower's pr�nc�pal residence for at least one year after the date of ac�upan►cy,unless Lender other�vi�e agrees in writing,which consent sha11 not be uareasonably withhe�d,or unless extenuating circumstances e�ist�vhic�.are beyond B�rrower's contro�. 7. Preservation,M2tintenanceand Protectionaf the Property;Inspectians.Borrower sha11 not destroy, damage or�mpair the Pro�erty,allow the Praperty to deteriorate or commit wa�te on the Prapert�. �hether , or not Borrower is residing in the Property,Borrower shall maintain the Prop�rty in order to prevent the Property firom d�teriorating or decr�asing in value due to its condition.Unless it is determined pursuan�ta Sect�on 5 tha�regair�r restQrat�on�s not econom�ca��y feasible,Bar�'o�eF sha��prv�nptly repair the Property if damag�d to avoid fur�her deterioxation or damage.If insurance or condemn.ation proceeds are paid in connection with damage to,or the taking of,the Pr�perty,Borrower sha�l be responsible for repairing ar re�tor�ng the Propert�r only�f Lender has re�eased pr�c�eds for such purposes, �.ender may disburse proceeds for the repairs and rest�ration in a single payment or in a ser�es of pr�gress payrnents as the work is completed. If the insuran��or condemnation proceed�are nat sufficient to repair or restore the Property, Borrower is not reiieved of Borrower's obligation for the compietion of such repair ar r�storation. Lender or�ts agent may make reasanab�e eatries upon and inspections af the Propert�y. If it has reasonable cause,Len�er may�nspe�t th��nter�Qr�f the�mpro�ements on the Property. �.end�r sha��g��e Ba�-rower noti�e at the time of or prior to such an interior inspect��n specifying such reasonable cause. $. Borroaver's Loan Appl�eatian.Borrower sha11 be�.n default if, during th�Loan application process, Borrower or any persans or entities acting at the direction af Borrower or with Borrower's knowledge or consent gave materially false,misleading,or inaccurate infoarmation�r statements to Lender(or failed to prv�ide Lender with matera.al informat�on}�n connection with the Loan. Mat�rial representatians include,but are not Iimited to,representations can�erni�xg Barrow�r's occupancy of the Property as Borro�ver's principal res�dence. � 9. Protectionvf Lender's Interest in the Propertyand Ri�hts Un�leF th�s Secur�ty�nstrument.If(a} Bonower fails to perform the covenants and agreements contained in this Security Instrument, (b}there is a legal proceed�ng that might signifieantly affect Lender's int�rest in the Property andlor rights under this 5ecurity Instrument(such a�a praceeding in bankruptcy,probate, for condemnation or farfeiture,for enf�rcement of a lien�vhich may attain priarity aver this Security In�trument ar to enforce laws or re��at�ons},ar(c}Borro�er has abandvn�d the PrQpe�.y,then Lender may do and pa�for�hat�ver is reasonable or appropriate to protect Lend�r's interest in the Property and rights under this S�curity Instrument, inc�uding protecting andlor assessing the value of the Froper�y,and securing and�flr r�pairing �he Property. Lender`�actions can�nc�ude,but are�.ot��m�ted to: (a}payYng an��ums secur�d b�a�ren which has priority o�er this Security Instrument;(b)appea�ring in court;and�c}payin�reasonable attorneys' fees t�protect its interest in the Praperty aadl�r rights under this Security Instrument, including its secu.red position in a bankruptcy proce�ding. Securing the Property inciudes,but is not�imited ta,ent�ring the Property to ma,ke repairs,change locks,replace or board up doors and windows,drain water from pipes, ei�minate buildiag or other code violations or dang�rous conditians,and hav�ut��ities turned on or off. Althaugh L�nder may tak�action under this Sect�on 9,Lender d�es not have to da so and is not under any duty or obligation to do so.It is agreed that Lender incurs no liability for not#a.king any or a11 action�s authorized under this Section 9. q�335�971��1 4�33 371 �S1T NEgRASKA-Single Family-Fannie MaelFreddie Mac UNlFQRM INSTRLlMENT W1TH MERS Form 3428 11U1 1iMP� VMPfiA�NE}(1342)AD Wolters Kluwer Firta�cial 5erv+ces P�ge 8 of 4 7