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201608349
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Last modified
7/28/2017 1:04:19 PM
Creation date
12/13/2016 12:44:23 PM
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DEEDS
Inst Number
201608349
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2� 1 ��8349 <br /> are app�i�able to the co�erage of the Proper�y. Lend�r may use�he insurance praceeds e��her ta repair�r restore the <br /> Property or ta pay amaunts unpaid under the Note or th�s Seeurity Instrumen�, whether or not then due. <br /> 6. Uccupaney. Borrower sha�l accupy, es�ab�ish, and use the Praperty as Borrower's principal residence <br /> within�0 days after the execution af this Securi�y�nstru.men�and shall continue ta occupy the Property as Barrawer's <br /> principal residence far at least one year a#��r the date of o�cupancy, unless Lender otherv�ise agrees in writing, which <br /> cansent sha�l not be unreasonably withheld, or unless ex�enuating circumstances exis�which are beyond Borrower's <br /> contro 1. <br /> 7. PreserWation, Main�enance and Prntection af the Property; Inspection5. Borrower shall no� destroy, <br /> damage or impair the Praperty, allow the Praperty ta det�riQrate or commit��vaste on the Property. Wheth�r ar not <br /> B�rrower is r�s�ding in �he Prape�ty, Borrower shall rr�ainta�n �he Property �n order to pre�ent the Property from <br /> deteriorating or decr�asing in uatu�e due to its condit�on. �nl�s� it is determined pursuant to 5ec�ion 5�hat repair or <br /> rest�ra�ion is nat economically feasib�e, Borrower shali promp�ly repair the Proper� if damaged to a��id further <br /> deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, ar the#aking <br /> of, the Property, Borrower shal� be responsible far repairrng or restQring the Property only if Lender has r�leased <br /> proce�ds for such purposes. Lender ma}� disburs�proceeds for�he repa�rs and restoration in a single payme�t or in <br /> a series of progress payments as the work is completed. �f the insurance ar condemnation praceeds are not sufficient <br /> to repair or restore�he Property, Borro�ver is no�r�lie�ed of Borrower's obliga�ion for the completion of such repair <br /> �r restoration. <br /> Lender or its agent may make reasanable entries upon and inspections of the Property. �f it has reasonable cause, <br /> Lender may inspect the interiar of the impro�ements on the Pr�perty. Lender shali gi�e Bvrrower natice at the time <br /> of or prior to such an interiar inspection specifying such reasvnable cause. <br /> 8. Borrnwer's Loan Application. Borrower shall be in default if, during the Loan appl�cation process, <br /> Barrower ar any persons ar entities a�ting at the direc��on of�orr�wer or vvith Borrower's know�edge or consent ga�e <br /> material�y false, misleadir�g, ar ina�curate information or sta��ments to Lender �or failed to pro�ide Lender with <br /> material information� in �onnec�ion with the Loa�. Material representa�i�ns include, hut are not limited to, <br /> representations concerning B��-ra�ver's accupar��y �f�he Property as Bnrrower's principal residence. <br /> 9. Protectivn of Lender'S IntQrest in the Property and R�ghts Under th�s Seeurity Instrument. If�a� <br /> Borrower fails to perforrx� the ca�enants and ag�e�men�s con�a�n�d in this Security Tns�rument, �b} there is a lzgal <br /> pr�ceeding that might s�gnificantty affec�Lender's�nt�rest�n the Praperty andl�r r�ghts under this Security Ir�strument <br /> �such as a proceedin� in bankrupt�y, prabate, far c�ndemnation ar farfeiture, for enforcement of a lien which may <br /> a�tain priority ��er this S�cur�ty Instrument or�� enfor�e laws ar re�ulati�ns}, or (c� B�rraw�r ha� aba�doned the <br /> Property, then Lender may do and pay for vvhatever is reasonabie ar appropr�ate�� protect Lender's interest in the <br /> Pr�perty and rights un�.er�his Se�urity�nstrument, �nclu�ir�� protecting andlor assessing the value af the Propertv, <br /> and securing andlor repairir�g the Proper�y. Lender's ac�ia�s ca�in�lud�, bu�are no�limited t�: �a}paying any sums <br /> se�ured by a�ier which has pr�ority over this Seeu�tty Instrur�ent; �b}appearing in caurt; and�c}paying reasnnabie <br /> attorneys' fees to protect its inter�st�n the Praperty andlor right�under�his Security Ir�strument, including its secured <br /> pasition in a bankruptcy proceeding. 5e�urin�the �'raperty includes, but is not limited to, entering the�'roperty t� <br /> make r�pairs, change locks, replace or b�ard up dac3rs and windnv�s, drain�va�er from pipes, eliminate building ar <br /> o�her c�de�iojations or dangerous conditions, anc�have utilitie�turne+��n or off. Although Lender may tal�e ac:tion <br /> under this S�ction�, Lender daes nat ha�e to do�c�and i�not und�r any duty or obligation to do so. It�s agreed that <br /> Lender incurs na liabiiity for n�t taking any or at1 actions authori�ed under this 5ection 9. <br /> Any amounts disburs�d by Lender under this Section 9 sha1��ec�me additional deb�of Borrflwer secur�d by�h�s <br /> Security In�trument. These amounts shall b�ar interest at the Note rate from the date of disbursement and shalt be <br /> payable, wi�h such interest, upon notice from L�nder to Bnrr�wer requesting payment. <br /> If this Se�urity Instrument is on a l�aseholc�, Borrov�er snall comply wi�h a11 the pro�is�ans of the lease. <br /> Borrower shall not surrender the leasehv�d estate and�nCerests herein���veyed or terminate or cancel the ground lease. <br /> Borrower shall not, without the express written consent of Lender, aiter ar amend the graund lease. If Barrower <br /> acquires fee title to the Property, the leaseho�d �z�d the fe�t�t�� shall n�t merge unless Lender agr�es to the merger <br /> in writing. <br /> NEBRASKA-5in�le Family-UNIF�R�III IIVSTRUMENT ����� <br /> M�QI FI ED F�R ❑EPARTNlEIVT �F V ETERAN S AF�A1 R� - MERS �►v ww.darmagic.c�rrr <br /> �Re�. 11fl1} Page 7 a� �i4 <br />
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