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201201532
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Last modified
3/7/2012 11:27:46 AM
Creation date
2/28/2012 11:46:43 AM
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DEEDS
Inst Number
201201532
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201201532 <br /> for the repairs and restoration in a single payinent or in a series of pro�ess payments as the wotk is <br /> completed. If the iusLUancz or condemnation proceeds aze not sufficieni to repair or restore the Property, <br /> Barrower is not relieved of Borrower's obligation for the completion of such repair or restoration. <br /> Lender or its agent may make reasonable enhies upon and inspections of the Property. If it has reasonable <br /> cause, Lender may inspect the interior of the improvemeats on flic Property. Lender shall give Borrowcr <br /> uotice a#fhe time of or prior to such an iuterior inspectlon specifying such reasonable cause. <br /> 8. Borrow er's Loan Application. Borrower shall Ue in default if, during the Loan a�plication process, <br /> Borro�ver ar any persons or entities acting at the direction of Borrower or with Borrower s linowledge or <br /> cousent gave materially false, inisleacliug, or inaceurate information or statements to Lender(or failed to <br /> pzovide Lender with material information) in connection with the Loan. Material representations include, but <br /> are not lixnited Yo, representations concerning Borrower`s oceupancy of the Property as Bonower's principal <br /> residence. <br /> 9. Protection of Lendep's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Borrowcr fails to parform the covenants and agreements contained in this Security Instnunenf, (U) t]�ere is a <br /> legal proceeding that might,ignificantly affcct Lender's interesY in fl�e Properry and/or rights under this <br /> Securrty Instnunent(such as a procceding in ba.nla�uptcy, probate, for condeinnation or forfeiture, for <br /> enforcement of a lien u�hich may attain priorit5�ocer this Security Instrument or to enforce laws or <br /> regulations), or(c)Bono�ver has abandoned the Property, fhen T,endei inay do and pay for whatever Ig <br /> rzasonaUle or appropriate to protect Lender's IntOrest in the Property and xights imder this Secusity <br /> Instrument, includine protecting emd�or assessing the value of thc Property, and sec�u-ing andlor repauuig <br /> the Property. Lendcr's acttons can include, buf ace not limited to: (a)paying any sums securcd by a lien <br /> wtuch has prlarity over Hus Secutity InsWment; (h)appeazuig in court; and(c)paying ieasonable attomeys' <br /> fces to pmtect Its intere8f 1n the Property and/or rights unda this Security Inshwnent, 7ncluding its secuied <br /> posiuon in a baakruptcy procezding. Securing the Property includes, but is not limited to, entering the <br /> Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, <br /> elixninate 6uilding or otkier code violations or dangerous conditions, and have utilities turned on or off. <br /> Although Lender may take action under this Section 9, Lender does not have to do sa and i�not undex any <br /> duty or obligation to do so. It is agreed tUat Lender incurs no liabl&ty for not takiag any or all ackions <br /> authorized under rhis Section 9. <br /> Any amounts disbursed by Lender tmder this Section 9 shall hecome additional debt of Borro�x�er secured by <br /> this Secvrity Instnnn nL These amounts shall bear interest aT the Note rate from the date of disbursement <br /> and shall be pa5�able, wich suc;h interest, upon norice froin Lendzr to Barro�ver requcsring payment. <br /> lf flus Secnrity InstrUment is on a leasehold, Borrower shall comply with all the provisions of The lease. If <br /> Borrower acquires fee title to the Properiy, thc leasehold and the fee title shall not merge unless Lender <br /> a�ees to the merger in writing. <br /> 7 0. M ortgage Insurance. If Lender reqLUred Mortgage Insurance as a condiuon of making the Loan, Borrower <br /> shall pay the preiniums required to maintvn the Vlortgage Insurance in effect. If, for any reason, the <br /> Mortgage Insurance coverage reyuired by Lender ceases to be available$om the mortgage insurer that <br /> previously-provided such insurance and Borrower uras required to make scparately designated payineuts <br /> toward the premiums For Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage <br /> subsfan2ially eqitivaieut to the Mori'gage Insurance prcviously in effect, at a cost substantially equivalent to <br /> the c;ost to Borrower of the Mortgage I�isLaance previously in efFect, from.an alternaYe martgage insm-er <br /> selected by I,end�r. If suUstanrially equivaleni Mortgage [nsurance coverage is not available, Borrower shall <br /> s<ooeazz <br /> NEBRASKA-Single Family-Fannie A4 ae/Ft:d�ie h1 ec UNIFORN, INSTRUld ENT Fo::n 3 C28 1l09 <br /> vM a� v�n Ps N�7 C��os) <br /> VJOIt@rs Kluvv u FnanGal Services Page S of 1� <br />
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