201201757 - Laserfiche WebLink

Browse

201201757 for the rcpairs and resCoration in a single payment or in a series of progress payinents as the work is completed. If the insurance or condeinnarion proceeds are not sufficient to repair or restore the Properry, Bonower is not reiieved of Borrower's oblieaticm for the completion of�uch repair or restorarion. Lender or its agent may make rcasonable entries upon and inspectioas of the Property. lf it has reasonable cause, Lender may inspect the interior of the iinprovements on the Property. Lender shall give Borro�ver nofice at tlie tnne of or prior to such an interior insyecrion specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, durinn the Loan application process, Borrower or any persons or entiti� acting at flie direction of Borrower or�vith Borrowcr's knowledge or consent gave materially false, misleading, or inaccurate information qr statexnents io Lender(or failed to provide Lender with material informarion) in connection with the Loan. DZaterial representations includ�, but are not limited to, representations concernuig Bprrower's oceupancy of the Properfy as Borrowec's principal residence. 9. Protection of Lender's Inferest in the Property and Rights U�der this Security Instrument. lf(a) Borrower fails to perform the covcnants and agcements contained in this Security Instrument, (b)there is a 1 na1 proceeding that might signifioantly af�'ect Lendcr's interest in flie Propesty and/pr ri�ts under thi9 Security Instrument(such as a proceeding in bankruptcy, probate, for candemnation or:orfeiture, for enforcement of a lien whieh may attain priority over thi5 Security Instrument or to enforce la.ws or r bwlaCions), ar(c)Borrower has abandoned the Property, flien Lender may do and pay for whatever ie reasrniable or appropxiate to protect Lender's interest in flie Froperiy and rights under this Secuiity Instrument, uicluding protecting andior assessing the value of thc Property, anci secucing and/or repairing thc Yroperty. Lender's actions can include, but aze not limited to: (a)payin�any sums secured by a lien which has prioriry over this Sccurity Instruuient; (b)appearing in court; and(e)paying reasonable attomeys' Yees to protect its interest in the Property ancUoz zights under this Security Insh-mnent, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not lunited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water&om pipes, elunuiate building or other code�iolations or dangerous conditions, and have utilitizs turned on or off. Althou�Lender may kzke aclion under this Secfion 9; Lender does not)iave fo do so and Is not under any dutv or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized uuder this Secrion 9. Any amounts disbursed by Lender under tkus Section 9 shall become additional debt of Borrower secured by flus Seourity Instrument. These auioiurts shall bear interest at the Note rate froin the date of clisbursement . and shall Ue payable, wiLh such interest, upon notice from Lender to Borrower requesting payment. If thls Security Instrmnent is on a leasehold, BorroR�-shall comply with al1 the provisions qf the lease. If Borrower acquires fee title to the Property, the leasehold and the fez ritle shall not merge unless Lender agrezs to flic merger in oYrlting. '10. M ortgage Insurance. If Lender required Mortgage Insurance as a condition of m<�iking the I.,oan, Barrower shall pay tl�e premiums reqLpred to maintain thc Mortgage Insurance in effect. I� for ang�reason, the _l�Iortgage Insurance coverage required by Lender ceases Ri be auailable from the mortgage insuret that previously proL7ded such insurance and Bonower was required to make separately designated payincnts towazd theprcxniums far Mortgage Insurance, Borrower shall pay the premivais requireci to obtain coverage substantiallq equivalent fo the Mortgage Insurance previously in effecf, at a cost substantially�equivalent to the cost to Borrower of the Mortgage Insurance previous]v in effect, frorn an altemate inortgage insurer selected by Lencler. Pf substantially equicalenf Mottgage Insi�rance cov�age is not auazlable, Borrower sh211 240005�3 NEBR45KA-Single Family-Fannie Nlae'Freedie fdac OVIFORM MSTRl1biENT :orm 3028 i7�1 ��P� VMP6NE 1 OS 'NOlters Klu�a er Fnancial Services ( �( � � � Page b of 1�