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201200930
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Last modified
3/7/2012 11:25:16 AM
Creation date
2/6/2012 9:52:31 AM
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DEEDS
Inst Number
201200930
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201200930 <br /> for the repairs and restoraCion iu a single payanent or in a sexies of progress payments as the work is <br /> cnmpleeed. If the inew'ance or oondamnition proceeds are not sufficient to repair or restore flie ProperYy, <br /> Borrower is not rolievecl.of Borrower's oblig�t[ion�for the wmplation o'P sueh repair or resUOrai.ion. <br /> Lender or it3 agent may maka reasonable entries upon and inspections of the Properly. If it 1�as reasonable <br /> eause, Lender may inspect flie interior of the improvementa on the Property. Lender shall give Borrower <br /> notice at the�time oP or prior to such an interior insWecfion specifying such reasonzble cause. <br /> 8. Borrower's Loan Application. Borrower shall be in fleP2ult iP, durin�;flie Loan npplication proccss, <br /> Borrower or any persons ot ontities acting at the direction of Borro�ver or with Borsowar's lmowledge or <br /> aonsent gaue materially false, inisle�ading, or inaccurate inRormation or stateinents to Lende��(or failed to <br /> provide Lendar with maEorinl infor�nation) in eonnection with thc I,oan. Material represen6a:6ions 'vicluda, but <br /> ara not limited to, repre.genCahions concerning f�on�ower's ocoupancy of Che Proporty ae Rorrower's principnl <br /> resideiice. <br /> 9_ Protection of Lender's Interest in the Prope�y and Rights Under this Security Instrument. If(a) <br /> Bon owor fails to perfonn the covenants end agreements contain�d in this Sacurity SnetrumenC, (b) thore is a <br /> legal proceeding thaE might sigtiiticantly affect Lender's interest in tl�e YropexCy and/or righta under Chis <br /> Seourity Insfriunont(stiich as a proceeding in bankrupYcy, probnte, �Por coi�demnation or f'orfeiture, for <br /> enforcement of a lien which may attain priocity over this Seeurity Iuslilunent or to enforce laws or <br /> ragulations), ar(c) Borrower hns abandoned the Properfy, then Lendex may do and pay for whatever ie <br /> reasonaUle or a��propriata to protect Lender's intexesC in thc Vroperty aud righYs under tiva Security <br /> InstrumenC, iucluding protecting and/or assessing the value of[he Property, and secm-nig uid/or rep�iring <br /> the Property. Lender's ac[ions can include, but aienot linuted Yo: (a)paying�ny snms sccured by a lien <br /> which has priority over this Seourity InstrumenC; (b) appearing in ootut; anxl(c}paying reasonablc attori�eys' <br /> Pees fo proCecc itis intcrest ui the Property nnd/ar•righte under this Securify Insfnunent, including its seciued <br /> �osition in a bnnla�upfoy procecding, Securing the ProperCy inclndes,but is not limited to, entering the <br /> Property to make repairs, change locks, rcR�lace or board up doors and windows, cU�ain water froin pipes, <br /> e7iininate buildiug oi oYher cocle violations or danp,croue oonditions, and ha�ve utilitiea htmeci on or off. <br /> Altl�ough i.ender may taka aoEion under this Section 9, Lender does not haue to do so and is not unde��any <br /> duty or o61ig2tion to do so. It is �reed fhak Lender incuce no li�bility for not talting any or aSl actions <br /> authorized.under this See�ion 9. <br /> Any�moiuits dinhursed by].endex under this Section 9 shell become additional deUt of Borrower aecured by <br /> this Security Ins6ruinenk The.ge amounfs aha11 bear interest a�t Uie Note rake froin Cho date of�disbw�seinenY <br /> arid slititl be��ayaUle, witli such intei•eat, upon no6ice from Lcnder�to Borrower requesting payment. <br /> if this Sacurity Instrument is on a leasehold, Borrower shall oomply with all the provisions oFthc lcaso. 1P <br /> Borrowcr acquires fee title to tl�a Propeety, the leasehold anci Cho fco title shall not merge unless Lender <br /> ngrees to fhe rncrger ii�wrifitl�;. <br /> 10. M oYtgage Insurance. If Lender required Ivlortgaga Insurence�a n condilion of mal<ing the Loa�i, Borrowar <br /> shall pay the premiutne required to invntain the Mortgage Hisurance in effect. If, Por any rcason, the <br /> Mortgage.[nsui•a�ice cover�tge required by Lender ceaseg lo Uo avai]aUle finm the moxtgage insurer 11iat <br /> previously provided such iirsuraaice and Borrower was raquired to m�ke separately designa�fed payments <br /> toward the premiunvs for Mo��Cgage Insiu�anco, 13otrower aha11 pay the�remiums requircd to oUC�in ooverage <br /> subetantially ec�uivalent fo the Mortg�ge Insuranoe previously ia� effect, at a eost eubstantially equivalenti to <br /> the wsC Co Borrower of Lho Mortba�e Instuvica previottsly in eFfeef, fi�om an a1ternate n�oxtgag�e insurer <br /> selecEed by Lender. If subsClntially cquivnlc�it Mortgase Instvance coverage is noC availablc, ]3orrower shall <br /> 24000218 <br /> N f_f3RA5KA$inAle Fam Ily-Fnortle M eelFredtlle M ec UNIFpRM INSTRUM ENT Forni 3028 1701 <br /> VM P Q VW PB(NE)('1103) <br /> Wol�ers Kluwef Financlal Services Page 0 oi 17 <br />
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