|
2� 17��957
<br /> L�AN#:HQ'!1 fi'�8939�
<br /> the Property as Borrow�r's principai res�d�nce fv�at�eas�one year after the da#�of vccupancy,unless
<br /> Lender determ�nes�ha�this requirement sha��cause undue hardship�vr the Borrav�rer or un�ess extenua�-
<br /> ing cir�umstances ex�st v+rhich are bey�nd Bv�rawer's con�rvl.
<br /> 7. Pres�rvat�vr�,ll�ain�enance�r�d��vt�c�ion v�th�F�raperty;inspections.Bvrrower shall not
<br /> des�rny,damage o��mpai��he Property,a�lav��he Property tQ dete�ivra�e vr cvmmit was�e❑n the Properky.
<br /> gorrowe�shall main#��n�he Praperty�n order#❑preven�the Praperty from det�rivra�ing or decreasing in
<br /> �aiue due tv its cond�tinn.Uniess i�is d��ermined pursuan��v Sect�vn 5 tha�repair o�restvra�ian is not
<br /> ecanvmical�y feasible,Bor�ower shail promp#�y repair�he Prape�ty if damaged�o avoid fur�her de�eriora�i�n
<br /> vr damage.if insurance o�cvndemnat�on prv�eeds are paid in�onnection v►rith da�age ta�he Property,
<br /> gorrvwer shall be respv�sible far repairr�g a�res�flrir�g the Pr�perty only i�Lender has re�eased praceeds
<br /> far such pur�os�s.L�nder may dis��rs�p€�oceeds for�he repairs and res�orativn in a single payment vr
<br /> �n a se�ies Qf progress payme�ts as the work�s cvmp�eted.If the insurance or�vndemnation proceeds
<br /> a€�e�ot su�fi���nt�❑repair ar res�ore the P�operty, Bo�rawer is nat relie��d of BoRvwer's❑bl�gativn�or
<br /> the cvmple�ion vf such repair or r�sta�atian.
<br /> If cvndemna�ian p�oceeds ar�pa�d in Gon�ec�ion wit��he#aking o��he praperty,Lende�shaf�apply
<br /> such prviceeds tv fhe reduction vf the indeb�edness under th�Note and�his Security�nstrument,first�o any
<br /> delinquen�amoun�s,and then to payrnent�fp�ncipa�.Any appIica�ivn vfthe praceeds�othe principal shall
<br /> not ex#end or pvstpone�he due date o��he manth[y payments or change�he amvun�of such payments.
<br /> Lender vr i�s agent may make reasanable entries upon and inspec�ions o�th�Property.lf it has rea-�
<br /> svnabl�rause,Lender may�nsp�c�#he in�e�vr vf�he imprv�ements vn�he Prvp�rty. Lender shall gi�e
<br /> Borrow�r natice at the time of o�prior�o such an�r�t�r�or inspec�ion specifying such reasonable cause.
<br /> S. Bvrrower's Loan App�ica�ion.Bflrrawer sha�l be in d��aui#if,during�he Laan applicat�on process,
<br /> Barrvwer or any per•svns vr en�ities ac#ing a�the direc�ion o�Bv�-awer vr wi�h Borrower's knowledge or
<br /> consent ga�e materially�afse,misleading,or ina�curate information ar sta�emen#s�o Lender(a�-failed�a
<br /> provide Lender with material information}in connection with the Laan.Mate��al representa�ivns€nclude,
<br /> bu�are not limi�ed to,�epresentatians cvr�cerning Bv�-Qwer's o�cupancy o�#he Pr�perty as Borrower's
<br /> prin�ipal residence.
<br /> 9. Protectivn v�Lende�'s�nteres�i�t�e Prvperty and l��ghts�nd�r�his Security insfrument.
<br /> If�a� Bvrrower fai�s to perfivrm the�ovenants and agreements contained in th�s 5�cur�ty�ns�rument,
<br /> (b}there is a�egal prviceeding that m�ght sign�fcan#ly aff�ct Lender's interest in the Prvperty andlar rights
<br /> under th�s Secur�ty Ins�rumen#�such as a proceeding in bank�uptcy,praba�e,fvr condemnation ar far�ei-�
<br /> ture,f�r enforcement o�a iien wh�ch may at�a�n priority❑�er#his Securi�y�nstrument vr tv enfvrce laws
<br /> ar regu�a�ions},❑r�c}Borrower has abandoned�t�e Prope�y,then Lende�m�y do and pay�or wha�ever
<br /> is reasvnable o�apprapriate�v p�ote�t Lender's in�er�s#in�h�Property and righ�s under this Securi�y
<br /> Inst�um�n�,including pro�ec�ing andlor assessir�g th��afue a�#he Property,and securing andlor repair-
<br /> ing the Property.Lender's actions can include,but are not�em�ted to:��}pay�ng any sur�s secured by a
<br /> iien which has priori�y over this 5ecuri�y Instrum�nt; �b}appea�ing in court; and €c}paying reasanable
<br /> at�omeys'fe�s fin pro#ect i#s inter�s�in�he Prope�ty andlar righ�s under th�s Secur��y Ins�rument,includ-
<br /> ing its secured pvsi�i�n �n a bankrup#cy proGeeding. Secur�ng th�Property includes, but is not iimited
<br /> to,en�ering the P�operty to make repairs,change iacks,replace or bvard up doars and windows,drain
<br /> wa�er from pipes,�lir�nina�e bu�lding or vth�r code vio�ations or dangerous candi�i�ns,and haWe utiIi#ies
<br /> tumed on or off.Al�hough Lender may�ake�ct�on under this 5ection 9,Lender does nat ha►re ta do s�
<br /> and�s no�under any duty or�bliga�Evn ta do s�.�t is agreed that Lender€n�urs no liability for nat�aking
<br /> any vr al1 a�tions au�harized under�his Sec�i�n 9.
<br /> Any amounts disbu�-�sed by Lende€�under#his 5ectiQn 9 shail la��ome additional debt vf Borrower sec�red
<br /> by#his Securi�y lns#rument.These amvunts sh�ll bear in#eres�a�the Note rate from#he da�e of d�sburse-
<br /> men�and shal!be payabie,with such interest,upon no�ice�ram Lende�ta Barrawer r�questing payment.
<br /> If�his S�curity lns#rumen�is on a leasehold,Barr-vwer shall comp�y with all the p�o�isivns af the lease.
<br /> Bvrrower shalI nat surrender the�easehvld estate and in#erests herein conveyed or terminate or cancel
<br /> �he graund lease.Bvrrower shall not,without the express w�itten consent af Lender,a�ter vr amend the
<br /> gr�und lease.��Borrower acquir�s fee�i�1e tv�he Property,the leaseho�d and�he f�e ti�le shall not merge
<br /> un�ess Lender agrees ta#he merger in writing.
<br /> '�0. Ass�gnment❑f Miscellaneous P�vc�eds;Fvrfeiture.All M�scei�ane�us Proceeds are herefay
<br /> assigned ta and shal�be paid to Lender.
<br /> !f�he Prvperty is damaged,such M�s�e�laneous Prviceeds shal!be app�ied to res�vrativn or repair of
<br /> the Praperty, if�he�-estvra#ivn�r repair is economically feasible and Lender's security is nv�lessened.
<br /> During such repa�r and restara���n per�vd,�.ender shall have�he right to hold such Miscel�aneaus Prv��eds
<br /> un�il Lender has had an oppvrtuni�y�o inspe�t such Prvp�rty to ensure the work has been completed
<br /> �v Lender's satisfact�on, prvvided�hat such inspection shail be undertaken prornp#ly. Lender may pay
<br /> fvr�h�repairs and�estora�i�n in a single d�sburs�ment ar in a se�ies vf prflgress paymen�s as�he work
<br /> is cvmpieted.Uniess an agreement is made�n writing vr Appli�ab�e Law requires inte�est to be paid on
<br /> such Misc�llaneous Proceeds,Lender shaIl not be required�o pay Borrawer any interes�or eamings an
<br /> such Miscellaneous Proceeds.If#he restaration vr repair is no�e�onomical�y fieasible❑r Lender's security
<br /> would be less�ned,the Misce��aneous P�viceeds shai�be appli�d to�he sums secur�d by this Security
<br /> Ins�rument,whe�her or nat�hen due,wi#h the excess,if any,paid ta Borrower.5uch M�scellaneous Pro-
<br /> ceeds shall be applied in�he arder prvvided f�r�n Sec��vn 2.
<br /> NEBRASKA-5in�ie Fam�ly-Fannie MaelFreddi�Mac�N�FDRNt ENSTRUMEMT Fvrm 3�28�10'I ,.�
<br /> Modifi�d�or FHA 912�'E4(HU❑Handba�k 4���.1} �C11$i��S:
<br /> E11ie Mae,�nc. Page�af�� NEEFHA�5DE D915
<br /> NEEDEED(CL.S}
<br /> 1 a12612�1 fi�7:32 AM PST
<br />
|