2� 1 ��8119
<br /> L�AN#: ��fi43958�'I
<br /> #h� Pr�vpe� as Borro�er's p�inc�pal r�sidence fnr at least on���ar af��r t�e date af o��upancy, ur�l�ss
<br /> L�nderdetermin�sthatthis requirem�ntshall caus�undue hardsh�p forthe Borraw�ror unless�xt�nua�-
<br /> ing circumstances exist which are beyond Barr�wer's contral.
<br /> l. Preserrrati�n,I�aintenance and Pratection�f the Pr�p�rty; Inspections. Borrower shall�o�
<br /> destroy,damage ar impair the Property,allov►►the Propert�to det�riarate�r cvmmit rlvaste�n the Prape�ty.
<br /> �orraw�r shal�maintain the Prop���#y in�rd�r fio prevent the Property�ram deteri�rating�r de�reasing �n
<br /> vaiue du�to its condi��on. Unless it is determined pursuant to Sec���n 5 tha� repair or r�s�ara�ion �s not
<br /> e�onnmica�ly f�as�bl�, Borrov+►er�ha�l�romptly repair�he Prnperty�f da�naged ta av�i�furthe�d�t�riara�ian
<br /> or damage. lf�nsurance or condemna�i�n proceeds are pa�d in c�nnecti�n with damag�to�he Proper�y,
<br /> gorr�wer sha�l be resp�nsi�le for repairing ar res�Qring the Praperty nnly��Lend�r has released pro�eeds
<br /> f�r such �urposes. Lend�r may disburse pra�eeds for�he r�pa�rs and res�oration in a single paym�nt or
<br /> in a ser�es of prvgr�ss paymen�s as th�r�vvrk is comp�e��d. If the insuran�e or condemnat�on proceed�
<br /> are no�sufficien��o r�pair�� res�ore�he Pra�erty, Bvrrav�er is nofi refiev�d af Borrower's ab�igatinn for
<br /> th�comp�eti�n af such �epai�o��est�ra#ian.
<br /> !f cond�mnation prvc�eds ar� pa�d �n connection�r�th the tak�ng af�he prape�ty, L�r�der sha�� app��
<br /> such pro���ds�a the redu��ion of the ind�b�edness�nder�he Na��and th��S�curity�nstrumen�,firs�tv an►�
<br /> delinquent am�unt�,and then�Q paym�nt�f pr�nci�a�.An�a�plir,a�ivn of#he p���eeds to the princ�pai shall
<br /> n�t ex�end�r pastpone the du�da��flf the mon�h�y paymen�s�r change the amaunfi�f such paym�nts.
<br /> Lend�r ar its a��nt m�y make reas�nabl�entri�s upan and �nspectians of the F'rop�rt�. �f it has r�a-
<br /> sonab�e cause, Lend��may inspect the �n�erivr of�he �mprovem�nts on the Pr�perty. L�r�der�hall give
<br /> Borrav�er notice at the t�me of or prior to su�h an inter��r inspectian specifying such re�sonable cause.
<br /> 8. Bo�rower's Loan Application.Borrow�r shall�e in default rf,during th�Loan application pro�ess,
<br /> Borr�wer ar any persflns ar en�ities acting at the direc�ian nf Borrower ar with Borrawer's kr�o�+�rledge ❑r
<br /> consen�gave materially false, misleading, �r inaccura��information or stat�m�nts to Lender��r faii�d t�
<br /> pr�vide Lender wi�h material �n�o�mation� in cann�ct�a�with�h� Loan. Material r�pr�sentat�ons in�lude,
<br /> but are nnt limited to, repres�n�at�ons c�n�ernin� Ba�rower's occupancy of the Pr�perty as Bar�ower's
<br /> principal res�dence.
<br /> 9. Protecti�n of Lender's Interest in the Propert�and R�ghts Under th�s Security lnstrument.
<br /> �f �a} Borrower fai�s �v perform th� covenants and agreements contained in this ��curi�y 1ns�rument,
<br /> �b}�h�re is a legal prace�ding that might s�gn�ficant��affect Lender's interes�in the Prape�ty andlor r�ghts
<br /> und�r�h���ecuri�y Ins�rum�n��such as a pra��e��ng �n �ankruptcy, praba�e, for condemna�ian�r farfei-
<br /> #ure, fvr enfarc�ment of a lien whi�h may at�ain priori�y arre�thi�Security lnstrum�n�or tv enfor�e laws
<br /> or reguiations}, �r{c} Barrower has abandaned�he Prvperty, then Lender may da and pay far whate�er
<br /> is r�asonable or�p�ropriate to pro�ect L.ender's Enterest �n the P�operty and righ�s under th�s Secur�ty
<br /> ins�rument, including protecting andlar assessing�he vafue �f the Property, and secur�ng andlvr repair-
<br /> ing �he Praperty. Lender's actions can include, �ut ar�na�iimited ta: �a} paying any sums secur�d �y a
<br /> li�n �hich has privrit� aver th�� Secur��y Ins�rum�nt; �b} ap��aring in court; and �c} paying reas�nable
<br /> a��rneys'fees t� prfltect i�s in�erest in �he Praperty andlor��ghts under�his 5ecuri�y Ins�rum�n�, inciud-
<br /> in� its se�ured position ir� a bankruptGy proc�edin�. Securin� th� Prope�ty �nclu�es, bu� is n�� �imite�
<br /> fia, �nter�ng�he f'roperty�� �rnake r�pairs, change �acks, rep��c.� or bvard up daars and windaws, drain
<br /> �a�er from p�pe�, eliminate building �r oth�r code violat��ns flr dang�rvus c�nd�tions, an� have utiiit�es
<br /> turned �n or vff.A�#haugh L�nder may tak� act�on under th�s�e�t�on 9, L�nder d�e� not have to d�sa
<br /> and i� n�t und�r any du�1 ar obligatian �a da so. I�is agr��d �hat Lender incurs no iiabili�y far not taking
<br /> an� ar ali a�ti�n�au�hori�ed under this S�cti�n 9.
<br /> Any amvunts disbu�sed by L�nd�r under th�s Sec�on 9 sha�l became additional debt of Borraw�r secured
<br /> by this Securi�y�nstrument.The��amoun�s shail bear interest a��he Not�rat�fr�m the da��of d�slaurse-
<br /> me�t and �hall be payah�e,wi�h such in��r�st, u�on notice fr�m Lender t�Sorrawer requesting paym�nt.
<br /> If this S�curit�lnstrument�s on a l�asehoid, Borrow�r sha���amply w�th a�i th�pr��i$i�ns af�he�ease.
<br /> B�rraw�r shal� na��urr�nder th� leaseh�ld es�ate and �nterest�here�n c�nveye� ar t�rmina�e ar cancel
<br /> �h��r�un� lea�e. Borro�er shall not, �ith�ut�h�expr�ss�vritten �vns�r��of Lend�r, alter ar am�nd �he
<br /> 9
<br /> ra�nd leas�. If Borr�wer ac�uires f�e�itle���he F�rope�ty,the leasehold an�th�f�e ti�le shall na�merge
<br /> unf�s� L�nder agrees�o�h�merg�r�n�rriting.
<br /> 1 D. As�ignment r�f Mis�el�aneous Proc��ds; Farfeitur�.A�i Miscelian�flus Proce�d�are hereby
<br /> assi�ned���nd �h�l! b�pa�� �o Lender.
<br /> If the Property�s dam�g�d, suGh Mis��llaneaus Prac��ds shalf be ap�li�d�o restora�ian or repair of
<br /> th� Prop�rty, if th� �es�o�ation or r�pair�� ec�namically feasibie and Lender's securi�y is nflt lessened.
<br /> During such repair and rest�ra��on peri�d, Lender shall haW�t�e r�ght ta hold such M�scellane�us Proceeds
<br /> unti� Lender ha� had an oppor�un�ty to insp�c� su�h Praperty to �nsur� the work has b��n cvmp�eted
<br /> �� Lender's sa#i�faction, provided that su�h inspection shall b� undertak�n pr�mp�iy. L�nder may pay
<br /> fa�the repai�s and restarati�n �n a s�ngl��islaur�em�nt or in a series of progress paym�nts as the work
<br /> is c�mpi���d. LJ n�ess an agre�ment�s mad� ir�wri�in� �r Applicabfe Law requ�r�s�nter�s�t� �e paid an
<br /> such M�scellaneous Proce�ds, Lend�r shal� nat�e r�qu�r��d ta pay B�rrower any inter�st o�eamings on
<br /> such M�scellaneous F�rflc�eds. If the res�oratian or�epair is not�conomi�al�y fea�ible or Lender's security
<br /> w�u�d be I�ss�n�d, the Misceflan�ou� F�racee�s shall be app�ied to the sums secured �y �hi� Se�uri�y
<br /> 1ns�rum�nt, wheth��or no�th�n due,vvith the excess, if any, paid to B�rrov��r. Such Mis�ellaneous Pra-
<br /> ceeds shall�e applied in the�rder pro�ided for in Se�tion �.
<br /> NEB�AS�A-�Sing��Famify—Fannie MaelFret�die Mac UNlFC�RIV��NSTRUMENT Fvrm 3�2$'110'I ���. ,��
<br /> Illlodif�d for FHA�1��14�HUD Handbovk 40Q�.�� Initials.
<br /> Ellie Mae,Inc. Page 6 af 11 NEEFHA�5DE �915
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