201203266 - Laserfiche WebLink

Browse

�0�203�� 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 aze not sufficient to repair or restore the Property, Bonower is not relieved of Bonower's obligation for the complerion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspecrions of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. L.ender sha11 give Borrower notice 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 entities acting at the direction of Borrower or with Borrower's lmowledge or consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Bonower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a Iegai proceeding that might significantly affect Lender's interest in the Property and/or rights under this Se�urity Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcenient of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropri�te to prot�t Lender's interest in the Froperty and rights under this Security Instrtrment, includiag protectiug and/or assessing the value of the Property, and securing and/or repairing tl�e Froperty. Lzndes's actioffi c�n ir►cIude, but are not limited to: (a) paying any sums secured by a lien wfiicSi has priority o�rer this Security Instrument; (b) aPPearing ut court; and (c) Pa}+ing reasonable attorneys' fees to prote,ct its iuteresF ixn the Fraperty and/or rights under ttus Security Tastrument, including its s�ured position in a b� g�ing. Securing the Property includes, but is not limited to, entering the Praperty to make repairs, e�ta�tge I�ks, replace or board up doors and windows, dr�rin water from pipes, eliminate buiIding or other ccnie violations or dangerous conditions, and have utilities turned on or off. Although I.en�er ma.y t�ke action uncter this Section 9, Lender does not ha,ve to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this S�tion 9. Any amounts dis�utsed by Lender under tIus Se,crion 9 shall become addirional debt of Bonower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall l� payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Bonower acquires fee title to the Property, the leasehold and the fe,e title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insutance as a condirion of making the Loan, Bonower shall pay the premiums required to maintain 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, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substanrially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall NEBRASKA-Single Famlly-Fannie Mae/Freddie Mac UWIFORM INSTRUMENT Form 3028 1/O1 VMP � VMPBiNE) (1105) Wolters Kluwer Flnancial Services Page 8 of 17 <� . � ..�