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201203359
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5/1/2012 9:35:52 AM
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5/1/2012 9:35:51 AM
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201203359
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20120335� <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is <br />completed. If the insurance or condemnation proc,eeds aze not sufficient to repair or restore the Property, <br />Bonower is not relieved of Borrower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br />cause, Lender may inspe,ct the interior of the improvements on the Property. Lender shall give Bonower <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, <br />Borrower or any persons or entiries acting at the direction of Borrower or with Borrower's lmowledge or <br />consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to <br />provide L,ender with material information) in coffiecrion with the Loan. Material representations include, but <br />are �t limited to, representarions concerning Borrower's occupancy of the Property as Bonower's principal <br />residence. <br />9. Profiection of Lender's Interest in the Properly and Rights Under this Security Instrument. If (a) <br />Bormwer fails to perform the covenants and agre,ements contained in this Security Instnunent, (b) there is a <br />legat pra�ing that might signif�cantly affect I.ender's interest in the Pro�rty and/or riglzts under this <br />Security ���*�+�►* (such as a proceec�ing in 6aIITcrugtcy, probate, for condemnation or forfeiture, for <br />enforcement of a Iien which may atta.iu priority over this Security Instrume�xt or to eaforce Iaws or <br />regulation�}, or (c) Borrower has abandoned the Froperty, then Lender may cto and pay for whatever is <br />r�sonabl� or �ppropriaze to protect L.ender's interest in the Property anc� rights under this Security <br />�, iIICluding grote.cring aad/or asse�g the value of the Frop�l.y, and securing and/or repairuig <br />the Paage�t.y. Lendes's actioais cau incIude, but �re not limit�d to: �a) Pa3ring any sUms secured by a lien <br />which has priority over this Security �t; �b) appearing ia court; aad (c) paying reasonable attomeys' <br />f� to gmtect its inter�t in the Propert� andlar rights under this �eeurity it►cm„�.,r, includirig its secured <br />�sition. ia a ba�uptcy proceeding. Secv�ia� the Progerty includes, bux is �t limit� to, entering the <br />Frope�l.y t� make repairs, change lacks, repSace or baarct up doors a� v�indowrs, drain water fro�n pipes, <br />eliminate building or other code vioIations or dangerous c�nditions, and have utilities turned on or off. <br />Atthough �.enct�r may take action un� tYus Section 9, Lender does nat l�ve to do so and is not under any <br />duty or obligatio� to do so. Ii is agreed that Lender incurs no liability for not taking any or all actions <br />authorize� under tl�is Section 9. <br />Aay amouzrts �b� hy Lender vnder this Section 9 shall became ad�i�icmal c�ebt of Borrower se�cured by <br />this Security Insttument. These amourns shall bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such urterest, upon norice from Lender to Borrow+er requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If <br />Borrower acqiures fee titie to the Pro�rty, the leasehold and the fee ritle sha11 not merge unless Lender <br />agree.s to the merger in writing. <br />10. Mortg�e Insurance. If Lender required Mortgage Insurance as a condirion of making the Loan, Bonower <br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br />Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Bonower was required to make sepazately designated payments <br />tawazd the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in eff�t, at a cost substantially equivalent to <br />the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />sel�ted by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP Q <br />Woltera Kluwer Flnancial Services <br />Form 3028 1/O7 <br />VMPB(NE} i1105} <br />Page 8 of 17 <br />'+ � <br />
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