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201608039
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Last modified
7/28/2017 10:14:06 AM
Creation date
12/1/2016 8:49:59 AM
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DEEDS
Inst Number
201608039
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2� 1 ��8�39 <br /> fi. a��upancy.Borrower shall occupy, establish, and u�e the Praperty as Borrower's principal resid�nce <br /> within��day�af��r the execution of this Security Instrument and shal�continue to occupy the Property as <br /> B�rrower's principal residence for at least one year a#�er the date of accupancy,unless Lender other�vise <br /> agrees in writing,which consent sha11 not�e unr�asanably withheld,or uniess extenuating circumstances <br /> exist which are beyond Borrower's control. <br /> T, Preser�ation,Maintenanceand Protectivnvf the Praperty;Inspections.Borrower sha�1 not destroy, <br /> damage or impa�r the Praperty,allow the Praperty t�deteriorate or�ommit waste on the Property.Whether <br /> or not Barrower is residing in the Property,Barrovver shall maintain the Property in arder to prevent the <br /> Proper�y from deteriorating or decreasing in value due to its candition.Uniess it is determined pursuaat to <br /> Section 5�ha�repair or restoration is not ecanomi�ally feasible,Borrotuer sha11 promptly repair the Property <br /> if�iamaged to avoid fur�her deterioration or damage. If insurance or cond�mnation proceeds are paid in <br /> connection�vith damage t�,or the taking of,the Property,Borrower shall be responsible fQr repa�ring or <br /> restoring the Property only if Lender has released proceeds far such purposes.Lender may disburse proceeds <br /> f�r the repairs and rest�ration in a single paymen�or in a�eries of progress payments as the�vork is <br /> compl�ted.If the insurance or condemnation proceeds are not sufficient to repair or restore the Praperty, <br /> B�rrower is n�t relieved of�orrower's�bligation for the completion�f such repa�r or restarati�n. <br /> Lender or its agent may make reasonable entries upon and inspectians of the Property. If it has reasonahle <br /> cause,Lender may inspect the interior of the improvemen�s�n the Pr�perty. Lender shall gi�e Barrow�r <br /> notiee at the time of or prior to such an in�erior inspection specifying such reasanable cause. <br /> 8. Borro►n►er's Loan App#ieation.Borrower shall be in default if, during the Loan appliGation process, <br /> Bflrrower or any persons ar entities actiag at the di.rection of B�rrower�r tivith Borrower's kna�vledg�Qr <br /> consent�a�e mater�al�y false,misleading,ar inaccurate information or statements to Lender�or faited to <br /> provide Lender with material information}in connection with the Loan. Material represen�ati�ns include,but <br /> are not limited ta,representa�ions concerning Borrower's occupancy of the Property as Borro�ver's principal <br /> residence. <br /> 9. Prote�tion�f Lender's Interest in the Propertyand Rights Under this Se�urity lnstrument.If�a) <br /> Borrower fails ta perform the c�venants and agreements conta.ined in this Security Instrument, (b}there is a <br /> tegal proceeding that might significantly affect Lender's�nterest in the Property andlar rights under this <br /> Security Instrument�such as a proceeding in bar�kruptcy,probate, for c�ndemnation or forfeiture, for <br /> enforcement of a lien vvhich may attain priority over this Security Instrument or to enforce laws ar <br /> regulations},or�c}Borrawer has abandoned the Propertyf then Lender may do and pay for whate�er is <br /> reasanab�e or appropriate ta protect Lender's interest in the Praperty and rights under this Security <br /> Instrument, including protecting andlor assessing the value of the Property,and securing andlor repairing <br /> the Praperty. Lender's actions can include,but are not limited to: (a}paying any sums secured by a lien <br /> which has priority over this Security Instrument; �b}appearing in court;and�c}paying reasonable attorneys' <br /> fees to pro#ect its interest in the Property andlor r�ghts under this Security Instrument, including its secured <br /> position in a barikruptcy praceeding. Securing the Propert�includes,bu�is no�limit�d to, enterin�the <br /> Property to rnake repairs,ehange locks,replace or board up doors and windows,drain water from pipes, <br /> eliminate building or other code vio�a�ions or dangerous cond�tions,and have utilities turned on or off, <br /> Although Lender may take action under this Section�,Lender does not have to do so and is not under any <br /> �uty or obiigation to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br /> authorized under this Sectian 9. <br /> q433G559581? Q233 3Q6 p$17 <br /> NEBRASKASingfe Family-Fannie MaelFneddie Mac L1NIFaRM�NSTRUMENT WITH MERS Form 3428 1101 <br /> VMP� VMP6A�NE}�1342).44 <br /> Woliers I{luwer FinanGial Service� Page 8 af 17 <br />
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