201200161 - Laserfiche WebLink

Browse

201200161 for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proc�s aze not sufficient to repair or restore the Properiy, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower � notice at the time of or prior to such an interior inspection sgecifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the dir�tion of Borrower or with Bonower's lrnowlerlge or consent gave materially false, misleading, or inaccurate information or statements to Lender(or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Properly as Bonower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this�Security Instrument. If(a) Borrower fails to perform the covenants and agreements containefl in this Security Instrument, (b)there is a legal proceeding that might significantly aff�t Lender's interest in the Property and/or rights under this Sec,urity Instnunent(such as a proceeding in bankruptcy,probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instnunent or to enforce laws or regulations), or(c)Bonower has abandoned the Pro�rty,then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's inter�t in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and se,curing and/or repairing the Property. Lender's actions can include, but aze not lunited to: (a)paying any sums secured by a lien which has priority over this Security Instrument; (b)appearing in court; and(c)paying reasonable attorneys' fees to protect its interest in the Properiy and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Properly includes, but is not limited to, entering the Property to make repairs, change locks, replace or boazd up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, L.ender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall ba;ome additional debt of Bonower s�ured by this Security Instrument. These amounts sha11 bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Bonower requesting payment. If this Security Instnunent is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property,the leasehold and the f�title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the I.oan, Borrower sha11 pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage insurance coverage required by Lender ceases to be available from tt►e mortgage insurer that previously provided such insurance and Bonower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the MoRgage Insurance previously in effect, at a cost substantially equivalent to the cost to Bonower of the Mortgage Insurance previously in effect, from an altemate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall NEBRASKA-Single Family-Fannie Mae/Freddie Mac UN�FORM INSTRUMENT Form 3028 1/01 VMP� VMP81NE)(11051.00 Wolters Kluwer Financial Services Page 8 of 17