201200478 - Laserfiche WebLink

Browse

�Q12Q0�� for the repairs and restoration in a single payment or in a series of progress payments a.s the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, 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 rea.sonable 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 Applicafion. Borrower shall be in default if, during the Loan applicadonprocess, Borrower or any gersons or entities acting at the direction of Borrower or with Borrower's l�owledge 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 Borrower's principal residence. 9. Protection of Lender's Interest in the Property end Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might signif'icant]y affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in banl�uptcy, probate, for wndemnation or forfeihue, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Progerty and rights under this Security Instrument, including protecting andlor assessing the value of the Properly, and securing and/or repairing the Progerly. Lender's actions can include, but are not limited 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 Property andlor rights under this Security Instrument, including its secured posidon in a banl�uptcy proceeding. Securing the Properly includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from piges, 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, Lender 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 Secdon 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the da.te of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. ff Borrower acquires fee tifle to the Property, the leasehold and the fee tifle shall not merge unless Lender agrees to the merger in writing. 10. Mortg�ge Insurence. If Lender required Mortgage Insurance as a condition of making the Loan, Bortower shall 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 the mortgage insurer that previously provided such �nc��ran� and Borrower 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 Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall NEBRASKA-Singla Family-Fannia Mee/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 y�y�P � VMP61NE1 (1106).00 Wolmrs Kluwer Rrmncial Services Paee 8 ot 17