201201280 - Laserfiche WebLink

Browse

2012012$0 for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the �n� or condemnation proc.eeds are not sufficient to repair or restore the Property, Bonower is not relieved of Bonower's obligarion 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 Bonower norice at the time of or prior to such an interior insp�tion specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Bortower or any persons or entities acting at the direction of Borrower or with Bonower's lmowledge or consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to provide Lender �+ith material information) in connection with the Loan. Material representarions include, but are not limited to, representations concerning Bortower's occupancy of the Property as Bonower's principal residence. 9. Protecfion af �encfer's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fa.�s to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal prc�ceecli.IIg that might significantly affect Lender's interest in the Froperty and/or rights under this Secu.rity Instirum�t (such as a proceeding in bankruptcy, probate, for cond�mnation or forfeiture, for enforcement of a Iien which may attain griority over this Security Instrumer�t or to enforce Iaws or regulationsl, ar (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is xeasonable or apgropriate to protect L,ender's interest in the Property and rights under this Security Instrument, inelucfiing protecting and/or as�ssing the value of the Property, and securing and/or repairing the Pragerty. T,ender's actions can include, but are not limited to: (a) paying any sums secured by a lieu which has priorit� over this Security Insttument; N) aPPearing in court; and (c) paying reasonable attomeys' fees tv gmtect i1� interest in the Property and/or rights under this Secucity Instniment, including its secured position in a baukruptcy procee�ing. Seeuring the Property includes, but is not 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 utiliries turned on or off. Although Leader may take action under this �ction 9, Lender does not have to do so and is not under any duty or obligatian to do �. It is agreed that Lender incurs no liability for not taldng any or all actions authorized under this Secrion 9. Any amovntc disbursed by Lender under this Secrion 9 shall become addidonal debt of Bonower s�ured by this S�urity Insri-ument. These amounts shall bear interest at the Note rate fmm the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this S�urity Instrument is on a leasehold, Bonower shall comply with all the provisions of the lease. If Borrower acc�uires 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 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, 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 eff�t, from an alternate mortgage insurer selected by Lender. If substanrially equivalent Mortgage Insurance coverage is not available, Borrower shall NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Woltere Kluwer Financial Services Form 3028 1 /01 VMP6INE) (1105) Page 8 of 17