201701287 - Laserfiche WebLink

Browse

2� 17� 1287 fi. �ccupan�y.Borrvw�r sha�l oceupy, establish, and us�the Prap�rty as Borr�w�r's principal residence within 60�ays after the execu�ian�f this Security Inst�nlent a�d sh�ll�o�tint�e to vcc�ap�the Pro�erty as Borrawer's pr�ncipal resi�ence for at�east one year a�er the dat�of occupancy,unless Lender�therwise agrees in writing,which cansent sh�ll not be unreasanably�ithhel�l,or unl�ss extenuating circumstances exist which are beyond Borrawer's con�ro�. 7. Preservat�an,Maintenanceand Protec�ivnof the Prop�rty;InspeCtions.Borrower sha11 not destray, damage or impair the Property,allvw the Property to det�riarate or cammit waste an the Praperty.Whether ar not Borro�er is residing in the Property,Barr�wer sha11 mainta.in the Pr�perty in order to prevent the Pr4perty from deteriorating or decr�asing xn value due ta�ts c�ndition.Unless it is determined pursuant to S�ction S that repair or restoration is not economically feasible,F3arrower sha11 prampt�y repair the Prope�ty if damaged ta a�oid further deterior�.tion or damage. I�insurance or�andemnatian proceeds are paid in conne�tion v�ith damage to,or the taking af,the Property,�orrawer shal�be respQnsible far repairing or restoring�he Praper�y on�y if Lender has reiea�ed proceed�for such purpn�es. Lender may disburse procee�s far the repair�and�est�ration in a single payment or in a series of progress payments as the wark is complet�d.Ifthe�nsurance or�ondemnatian proceeds are not suffi�ient t�repair ar restore the Property, Borro�ver is aot r�lieved of�orrower's obtigatiQt�for the�omp�etian of sueh repair or restoration. Lender or its agent may make reasonable entries upon and inspec�ions of the�roperty.If it has r�asor�able �ause,Lender may inspect the interior of t�e impra�ements�n the Property.L.ender shall gi�e Borrower notice at the time af or prior to such an interior inspection specifying�uch reasona�Ie cause. S. Bvrrvwer's Loan Applicatian.Borrow�r shall b� in default if, durin�the Loan applicatian process, F3orrower or any persons or ent�ties acting at the direction of Barrat�er or with Borrower's kao�v�edg�ar consent gaWe materially fa�se,misl�ading,�r�nac�urate information or s�atements to L�nder�or failed to � pro�ide Lender with materia�information}�n connection wi�h th�Loan, Material representati�ns include,but are not limited to,representatio�s cvnc�rning$vrrower's a��u�a��y of t�ie Propert3r as��rov��r's principal residence. 9. Pr�tectionaf Lender's Interest�n the Praper�y�nd Rights Und�r thi�Se�urity In�trur�r�nt.If(a� Borrower fails to perform the cov�nants and a�reements contained in this Secur�ty�nstrument, �b)there is a l�gal praceeding that might significantly affect Lender's�nterest in the I'roperty andlor rights under this SeGurity Instrument�such as a proc�eding in�ankruptcy,probat�, for candemnation or forfeiture, far enfarcement of a 1i�n which may attain priori�y aver this Security Instrument or to enforce laws or r�gulatians�,or(c}Barr�wer has abandoned the Proper�y,then Lender may do and pay for whate�er is reasonab�e or apprapriate to protect Lender's interest in the�.'roper�y and rights under this Security I��tr�ment, i�clu��ng pr�te�ting a�dlor a�ses�iag t�e�ra�u�vf the�'r�pe�ty,ar��.se�uring aadlor r�pauing �he Property. Lender's a�tions can include,but are no�Iimited ta: �a}paying any sums secured by a lien which has priority a'�er this Security Instruments(b}appearing in caurt;and(c)pay�ng reasonable attome�s' fees to pratect its in�erest in the Property a�dlor rights under this 5ecurity Instrument, inc�uding its se�ured position in a bankrup��y pr�ceeding. Securing the Praperty includes,but is not Iimited to,entering the Property to make repairs,chang�locks,replace or board up doars ar�d windowsy drain water fram p�pes, eliminate bui�di�xg ar oth�r cad�vioi�.tions or dangerous corad�tions, and have utilities turr��d on or aff. Although Le�der may take actioa under th��Sec�ion 9,Lender does not have�o do sa and is not und�r aay duty or abli�ation ta do so.It is a�reed that Lender incurs no liability for not�aking�ny or alI actions authorized under this Section 9. q�33?��85��1 �Z33 55� �817 NEBRASKA-SEn�le Family-�ar�n�e IvlaeolFreddie Mac LINiF�RM 1NSTRlJMENT W4TH M�RS Form 3fl2�1iD1 VMP� VMPBA�NE){1342).Ua VNolters 1{luwer Financial Services Page S of 17