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201201565
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Last modified
3/7/2012 11:28:13 AM
Creation date
2/29/2012 11:13:08 AM
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DEEDS
Inst Number
201201565
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201201565 <br /> for the repairs and resYor�Ydon in n single payment or in a seriee of progress pa5nnents as the work is <br /> completecl. lf tl�e insLUance or condemnation proeeeds are not suflicien�to repair or resfnre fl�e Property, <br /> Borro��er is not rclicved of Rorrower's obligation ior the completion of snoh repz�ir or xestoraCion. <br /> L��der or its agent may inalce reasonebla entries upon nnd inspeotions aP 11io Pr�operty, if it bas reasonable <br /> oause, Len�ler may inepwf thc iriYei�ior of the improvemeirte on the Property. Lender ahall give Borrower� <br /> notice at the time of ox prior Co auch rm inYorioP inspectiou specifying suoh reasonable cause. <br /> 8. BoYrower's Loan Applieation, Borrowcr sha11 Ue i„ det�tiult if, dtving Ehe Loan applicarion process, <br /> Borrower or any persons or entities flcring at the direofion of Borrower or wifli Borrowe�'s knowledge or <br /> conscnt gave materially falsa, misleading�, or inaccur�te information or at�aEeincqts ko Lcndcr(or failed to <br /> provide Lender with materinl inform�tion) iu connoction with Y�l�e Loaii. Matarial represznlations include, bu6 <br /> are not 1nniEed to, rapresentations concerning IIorrower's occupancy of the Propertyas Borrower's principal <br /> rwidcnce. <br /> 9, Protection of Lender's Interest in the Property and Rights Underthis Security Ins4rument. If(a) <br /> Borrower fails to,perform tha covenants and agreements contained in this Security Insu umcnt, (U) there is a <br /> legal�roceeding tihat might siguificantly c�ffecC Lender's intieresk in the Propertp and/ox righca uncier Ll�is <br /> Security InsYrument(auch t�s a pirooeecling in Uankruptcy, proUate, for condemuafion or forfeitixre, fox <br /> enfrn�cement o4'a lian whioh xnay ntitftin priority ove� this Seourity InsLrumcnt or to enfoYCe lawa or <br /> regidations), or (c) Borrower hae abandoned tha Proparty, then Lender may do nncl pay for whatevcr is <br /> rensonable or 1�propriaCe Co protect Lcridcr's interest in the]?roperty aiad rights undar tl�is Secutity <br /> InstrmnenY, including proteoting and/or nasessing Lhe vahto of thc I'��opoety, and eecnring and/or rapairing <br /> tlxe Property. Lender's zetions can include, but�re not linvted lo: (a)paying auy sums securcd by a lie�i <br /> which has priority over tlus Security Instrtunent; (b) appenring in court and (c)paying reasonable aCtorveys' <br /> Feea Co protcct its intorest in fl�e Properiy and/or rights under Chis Seourity InstnunenY, including its seenred <br /> position in a banlcruptcy proceeding. Securiug ihe Yroperty incltiides, bnt ie not liiniteci to, entering Yha <br /> Property to malca repairs, chznge locke, replace or bonrd up doora and wiiidows, drain water from pipes, <br /> clirninate Uuilding or other code violations or daugerous conditione, and h�tve utilities turned on or off. <br /> Although Lender may Salce acNoii ui�dcr this Section 9, ].eudei does not ha�e to do so and is not under nny <br /> duty or obligation to do so, It ie agreed that Lencler ineiu�s no liability for not talcing any or all 2ctions <br /> authorized uncler this Section 9. <br /> Any,nmounte diebnrsed by L�ncler nnder Chis Seetion 9 el�all bccome additional debt of�io�rower secured by <br /> this SecuriEy Inat�•ument. These amounta ahall bear interest at the NoCe ra[e�Prom tihe date of dlsbnrseme»t <br /> �nd shal] Ue p�yable, with such interest, upon notiee fi•om Lender to Boirov✓er requesring paymeiie. <br /> If this Security Instrtunenk is on n leesehold, Borrower shall eomply wifli nll Che provieiona oP Cho lcaeo. If <br /> Sorrowcr acqLiiree fee tifle to the Pro�ecty, the le��sehold and the fee titla shall not merge unless Leuder <br /> ag�ees Co fhe merger in wriCing. <br /> 10. M oYCgage Insur'anCe. If Lender required Mortgage Insuranoe as a condifion oPmaking thc Loan, Borrowcr <br /> sliall pay the premiums reqLiired to ma'mtain the Mortgage Insurance in e£fect. If, for nny reaeon, the <br /> MorCgage Insurancc covcragc requirnd by Lendar ceaseS to be auailable froin 11ie inorCgage insm'er that <br /> pxeviouslyprovided suoh inauranoe and Borrower was requu�ed to inalcc�ec��arately designated payinente <br /> towtwd tha premiums for Mortgage Insurnuce, Borxowex eh�11 p�y t1�e premiums required Lo obCain covcr2ge <br /> suUstantially equivalent to tha Mortgage Insw�ance previouely in eFFecC, aC a cost substnnrially equivnlen4 to <br /> the cost to Borrowcr of thc Mortg¢ige Insuraoce previously in effect, from nai alYerneke inoL•Cgaga insurer <br /> selected by Lencier, IP subsfanfially ec�uiv�lent M��rtgage Insurance covere�gc is not available, T�orrower shall <br /> 24000380 <br /> Nf9RA5KA-Sin91e Family-Fannie tdaelFredAie M�c UNIFORM INSTRUte7 ENT Porm 3a28 1f07 <br /> VM I'� VMP6(NC-)(1105) <br /> Waltera I(luwer Flnanolal Sarvlces PngsB of 17 <br />
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