201202169 - Laserfiche WebLink

Browse

2o12u2is� for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not su�cient to repair or restore the Property, Bonower is not relieved of Bonower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspe,ct the interior of the improvements on the Property. Lender shall give Bonower norice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, Borrower or any persons or enrities acting at the direction of Borrower or with Bonower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connecrion with the Loan. Material representations include, but aze not limiterl to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protecfion of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Bonower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legat gr�ing that might significantly aff�t Lender's interest in the Property and/or rights under this Se,curity Instniment (such as a proceeding in bankruptcy, probate, fos condemnarion or forfeihue, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Bonower has abandoned the Property, then Lender may do and pay for whatever is reasonable or agpropriate to protect Lender's interest in the Property aud rights under this Security Instrument, in.cluding pmtecting and/or assessing the value of the Property, and securing and/or repairing the Properly. �der's actians can include, �rut are not limit� to: (a? PaYY�g �Y sums secured by a Iien wluch has priority over this Security Instrument; (b) aPPearing in covrt; �(c) Pa3'ing reasonable attorneys' f�s to protect its iaterest in the Property and/or rights under tivs Secvrity Instrument, including its secured position in a banktciptcy proceeding. Securing the Property includes, but is not Iimited to, entering the Property to make regairs, chaztge locks, rep�ace or board up d�rs and vvindows, dra.in water from pi�s, eliminate buiidiIIg or other code violations or dangerous condirions, aud have utitiries turned on or off. Although Lender may take action under this Section 9, Lender does uot ha.ve to do so and is not uncter any duty or obligation to cto so. It is agreed that Lender incurs no liability for not taldng any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower se�cured by this �curity Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and sUall be payable, with such interest, upon norice from Lender to Borrower requesting payment. If this Se,curity Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee ritle shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condirion of making the Loan, Borrower shall pay the premiums required to ma.intain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Bonower shall pay the pretniums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effe,ct, at a cost substantially equivalent to the cost to Bonower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substanrially equivalent Mortgage Insurance coverage is not available, Bonower shall NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM �NSTRUMENT Form 3028 1/01 VMP � VMP61NE) It 105) Wolters Kluwar Financial Services Page 8 of 17