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201201356
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201201356
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Last modified
3/7/2012 11:27:18 AM
Creation date
2/23/2012 10:29:30 AM
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DEEDS
Inst Number
201201356
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� 201201356 <br /> for the repairs and restorarion in a single payment or in a series of progress pa�mems as the work is <br /> completed. If the insurance o�condGrnnation proceeds are not sufficient to repair or restore the Pxopexty, <br /> Borrower is not relieved of Borrower'� obligation for the completion of such repair or restoration. <br /> Lendcr or its agent may make reasonable entries upon aad insyecrions of the Property. If it has reasonable <br /> cause, Lendcr may inspect the interior oF thc improveuients on the Property. Lender shall gice Eorrower <br /> notice at tlie Lune of or prior to such an interior inspection specifying such reasonable cause. <br /> 8. Borrower s LoaR AppPcation. Bonower shall Ue in default if, during the L oan application process, <br /> Borro�ver or any persons or entities acting at the direcrion of Borrower ar with Borrower's knowlcdge or <br /> consent aave materially false, misleading or inaccurate information or statements to Lender(or failed to <br /> provide Lender�vith material information) in connection with the I oan. Material representarions include, but <br /> are not limited to, reptesentations concaming Baraowu's occupancy of th�Pxoperiy as Borrower's principal <br /> residence. <br /> 9. �rotection of Lender's lnterest in the Property and Rights Under this Security Instrument. If(a) <br /> Borrotiver fails to perforni the covenants and agreements contained in[his Security Instrument, (U) �here is a <br /> legat proceeding that inight si�mificantly afFect Lender's interest in the Properry ancL'or rights under this <br /> Secnrity Inshument(such as a proceeding in bankzuptcy, probate, for condemnarion or forfeiture, for <br /> enforcemerrt o£a lien which may atttin priorlty over this Securiry Instrumen�or to enforce laws or <br /> regulations), or(c)Borrower has abandoned the ProperEy, then Lender may do and pay for whatever is <br /> reazonable or appropriate to protect Lender's interest in the Property and rights under this Security <br /> Instiumenf, including protecfing and/or assessing the catue of the Property, and secucing and/or repairing <br /> the ProperEy. Lendex's aetiqns can inclnde, but are not lunited to: (a)paying any sums secured lty a lien <br /> which has priority ove�this Security Ivistrument; (b) appearing in court; and(c)paying reasonable attorneys' <br /> fees to proieet i�i int�est in tl�e Psoperty and/or rights under this Security Instrumen�, inoluding its seciazd <br /> position in a bankruptcy proceeding. Securing tUe Properiy includes, but is not limited to, entering thc <br /> Properry to make repairs, change locks, replace or board up doors and windows, drain water from pipes, <br /> eliminate building or other code violations or dangerous condiuons, and have utilities huned on or off. <br /> Although Lender may take action under tlus Scction 9, Lender does noe have to do so and is not undc r any <br /> duty or ohligatic�n to do so. It is agreed that Lender incurs no liability for not taking any or all acrions <br /> autliorized under this Section 9. <br /> Any amounts di$bussed by Lender under this Section 9 shall become addiYional debt of Borxower secured by <br /> this Security Insmunent. These amounts shall bear intcrest at the Note rate from tlie date o£disbursement <br /> and shall be payable, with such interest, upon norice from I,ender to Aorrov✓er requesting payment. <br /> lf this Security lnshvment is on a leasehold, Borcow�r shall comply with all the provisions of the lease. li <br /> Borrower acquires fee title to the Properiy, the leasehold and the fee utic shall not merge unless Lendcr <br /> agrzzs to the merger in writina. <br /> 10. M ortgage Insurance. If Lender required Martgage Insurance as a condition of inaking the Loan, Borrower <br /> shall pay the pxenuLUns required to maintain the Mortgage Insurance in effect. I� for any reaeo�, the <br /> Mortgage Insurance coverage reqLUred by Lender ceases to be available from the lnortgage insuier that <br /> previously provided such insurance and I3orrower was required to make separately designated payments <br /> to��azd the premimns for Mortgage Insurance; Borrower shall.pay the premiums requircd to obtain coverage <br /> substantially equivalent to the Mortgage insurance previonslp in effecf, at a cost substanrially equivalent tp <br /> the eost to Borrower of the Mortgage Insurancc previously in effect, from an alternate mortgage insurer <br /> selected by Lender. If suUstantially equivalent Mortgage InsL�rance eovera.ge is not available, Borroc✓er sha11 <br /> 240003�2 <br /> NEBRqSKA-Single Family-Eannie M ae'Freddie fd ac lJN IFORh1 INSiRUW ENT Porm 3028�101 <br /> VM P� � VM P6(NE$(1105) <br /> VJoltere Klu�,v er Fnancial Services Pao=8 of t� <br />
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