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201201745
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201201745
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Last modified
3/14/2012 1:54:09 PM
Creation date
3/6/2012 11:45:50 AM
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DEEDS
Inst Number
201201745
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� 201201745 <br /> for the repaixs and restoration in a single payment oi in a serie9 of progress payments as the�ork is <br /> completed. lf Uie�nsurance or condeuuiation proceeds are not sufficient to repair or restore the Pioperry, <br /> Borrower is not relievecl of Borrawer's obligafion for the complerion of such repau ox xestoration. <br /> Lender or iCs agcnt may make reasonable entrie,c upon and inspections of the Property. If it has reasonable <br /> cause, Lender may inspect the interior of the improvements on the Property. Lender shall give&irrower <br /> notice at the time of or prior Lo such an interior inspection spccifyina such reasonaUle cause. <br /> 8. Borrow er's Loan Application. Borrower shall be in defaLdt if, during the Loan application process, <br /> � Borrower or any persons ar entiries acting at the direction of Borrower or with Borrower's laiowledge or <br /> consent gave materially false, misleading, or inaccuiate Infortna.tion ar statemetrts to Lender(or£ailed to <br /> provide Lender with material infarmation) in connecfion w3th the Loan. Material representations inchule; but <br /> are not limited to, xepresentations concerning Borrower's occupancy of the Property as Borroc�,�ei s principal <br /> iesidenee. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Borrower Pails to perform the covenants and agrccments contained in this Sccurity Instrument, (b)thcre is a <br /> legal proceeding that might significanflv affect Lender's intcrest in the Property ancUor rights under this <br /> Security Inst�-ument(such as a proGeediug in bankruptey, probate, for condemnation or farfeit�e, for <br /> enforcement of a lien which may attain priority over this Securih�Instrument or to cnforce laws or <br /> rea laflons), or(c)Borrou�er has abandoned rhe Properiy, then Lender may do and pay for whatever is <br /> reasonable or appropriate to protect Lender's interest in the Properh�and rights under this Secm-ity <br /> Inshwnent, including protecting and/or assessing the value of the Property, and sec�ing and/�xepai�n� � <br /> the Proyerty. Lender's actions can include, but aze not limited io: (a)gaying any sLUns secured by a lien <br /> which has priority over fliis Security Insh-ument (b)appearing in court; and(c)paying rcasonable attorneys' <br /> fees to protect its inte�est in The Pioperty and/or rights under ttus Security Tnstnunent, inelucling its sacured <br /> position in a banlauptcy proceeding. Securuig the Property includes, but is not liinited to, entering the <br /> Property to make repairs; change locks, replace or boazd icp doors and windo�vs, drain water fiom pspes, <br /> eliininate building or ather code violations or dangerous conditions, and havc utilities huned on or oPf <br /> Although Lender may taice action under this Section 9, Leuder does not have to do so and is nat under any <br /> duty or obligation to do so. It is agrced fliat Lender incurs no liability for not talcing any or all action5 <br /> authorized under this Scction 9. <br /> Any amounts disbursed by Lender undei this Section 9 shall hecome addirional debt of Borrower secured bv <br /> klus Secuiity Ivstruuient These amaunts Shall be�inlerest at tlze Note rate from the date of disUursement <br /> and shall be payable, with such interest, upon notice from Lender to Borrower requesting paysnent. <br /> If tlus Security instnunent is on a leasehold, Boirower shall comply with all thc provisions of the lease. If <br /> Borrower acquues fee title to the Property, the leaaehold az�d the fee title sYia11 not merge Lu-iless Lendex <br /> agrees to tlie�nerger in writing. <br /> 10. M ortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br /> sl�all pay the premiwns required Lo maintain tiie Mortga.g�e Insurance in effect. If, for any reason, the <br /> Mortgage Ins�ance coverage required by Lender ceases to be available from the mortgagc ipxurer that <br /> pzeviously provided such insurance and Horrower waS requ�ed to make segarately designated payment,n <br /> towazd the premiums for Mortgage Insurance, Borrowcr shall pay the premiums requircd to obtain coverage <br /> substantialh>equivalent to the Mortgage Insurance pxeviously in effect; at a cost substantially equivalent to <br /> the cosC to 13orrower of the Mortgage Insiunn.ce previc�LUly in effect, from an altemate morteage insurer <br /> selected by Lender. IP substantially equivalent Morttage Insuranc;<;coverage is not available, Bonower shall. <br /> 24000488 <br /> NE3R4SKA-Singl_Family-Fanoie M11 aelFreddie 1d ac UNIFORM INSTRUM19 ENT Form 3028 1/01 <br /> VMP� VMP6(Nq(1105) <br /> lNOlters KWvr<r Fnanciai Services pa�e g op�� � <br />
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