201200610 - Laserfiche WebLink

Browse

201200610 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 proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Bortower's obligation for the complerion of such repair or restoration. Lender or its agent may make reasonable entries upon and insp�tions 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 spe,cifying such reasonable cause. 8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direcrion of Borrower or with Borrower's lmowledge or consent gave materially false, misleading, or inaccurate informarion 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 conceming Bonower's occupancy of the Property as Borrower'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 contained in this S�urity Instrument, (b) there is a legal proceeciing that might significantly affect Lender's interest in the Progerty and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this S�urity 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 Property and rights under this Security Instnunent, including prot�ting andlor assessing the value of the Praperly, and s�uring and/or repairing the Property. Lender's actions can include, but are nat limitert to: (a) paying any sums secured by a lien which has priority over this Secufiity Instroment; (b) appearing in court; and (c) paying reasonable attorneys' fees to prcitect its interest in tfie Frogeriy and/or rights under this Security Instrument, including its secured position in � bankruptcy groceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change Iocks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violatious 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 S�tian 9. Any amounts disbursed by Lender under this Section 9 shall become addirional debt of Borrower secured by this Security Instrnment. T�cese amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Se,curity Instrument is on a leasehold, Bonower shall comply with all the provisions of the lease. If Bonower acquires fe,e title to the Property, the leasehold and the fee ritle shall not merge unless Lender agrees to the merger in writing. 70. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower 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 insurance and Borrower was required to make separately designated payments towazd the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effe,ct, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer sele,cted by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMPB(NE) (1705) Wohers Kluwer Financial Services Page 8 of 17