201200927 - Laserfiche WebLink

Browse

201200927 for the repairs and restor:Uion in a single payment or in a series of progress payments as[he work is completed. If the insurance or condemnation proceeds are not sufficiem ro repair or restore the Property, Bormwer is not relieved of Borrower's obligation for the completion of such repair or restoration. Lcnder or its agent may mal:e reasonable entries upon and inspections of We Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Proper[y. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in defaul[if, during the L.oan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's Imowledge or consent gave materially false, misleading, or inaccurate information or sta[ements to I.ender(or failed to provide Lender with material information)in wnnec[ion wi[h the L.oan. Material representations include, bu[ are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Securir[y Instrument. If(a) Borrower fails to perform the covenants and agreements contained in this Security Instrumern, @)there is a legal proceeding that might significandy affect Lender's interes[in the Property and/or rights under this Security Instrument(such as a procceding in bankniptcy,probaze, for condemna[ion or forfeimre, for enforcemern of a lien which may attain priority over this Security Instivment or to enforce laws or regulations), or(c) Borrower has abandoned the Properry, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Propet[y and righ[s under this Securiry Instrumen[, including pro[ecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are no[limited to: (a)paying any sums secured by a lien which has priority over[his Security Instrument; (b) appearing in court; and(c)paying reasonable attomeys' fees to pro[ut its interest in the Property and/or rights uuder this Security Instrument, including its secured position in a bankruptcy pmceeding. Securing the Property includes, but is no[limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilides mrned on or off. Although Lender may take action under this Section 9, L.ender does not have to do so and is no[under any duty or obligation ro do so. It is agrced that Lender incurs no liability for not taldng any or all aetions authorized under this Section 9. Any amoun[s disbursed by I.ender 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[e of disbwsement 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[he lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mongage Insurance as a condition of malang the Loan, Borrower shall pay the premiums req�ired[o maintain the Mortgage Insurance in effect. If, for any rea.son, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage inswer that previously provided such insurance and Borrower was required to make separately designated payments towazd[he premiums for Mortgage Insurance, Borrower shall pay the premiums required ro ohtain coverage substantially equivalent to [he Mongage inc�,ranrP previously in effect, at a cost substantially equivalrnt to the cost to Borrower of the Mortgage ]nsurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mor[gage Insurance coverage is not available, Borcower shall NEBflA5KA3mgle Famdy-Fannie Maeffreatlie Mac UNIFORM INSTNIIMENT Fonn 3028 1I01 ��P� VMP6INE�ry 105).00 Wolters Kluwer Finanaal Services Page 8 ot 1�