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201203381
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5/1/2012 9:40:39 AM
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201203381
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201203381 <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 are not sufficient to repair or restore the Property, <br />Borrower is not relieved of Bonower's obligarion 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 />ca.use, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application: Bonower shall be in default if, during the Loan applicarion process, <br />Bonower or any persons or entities acting at the direction of Borrower or with Bonower's lmowledge or <br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide Lender with material informarion) in connection with the Loan. Material representations include, but <br />are not limited to, representarions concerning Borrower's occupancy of the Property as Borrower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) <br />Borrower fails to perform the covenants and agreements contained in this Security Instru,ment, (b) there is a <br />legai proceading that might significantly affect Lender's interest in the Property and/or rights under this <br />S�urity Instrume� (such as a pre�ing in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or <br />regvlationsl, or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasoaable or appropriate to protect Lender's interest in the Pragerly and rights under ttiis Security <br />Ynstr�ent, including protecring anc�/or assessing the value of the Progeriy, and. s�uriag andlor repa.iring <br />the Pressperty. T�ender's acCions can include, but are not limited to: (a) paying any su� secvred by a lien <br />whic�e I�a:s pr�ori�y over t�.is Se�curity Inshvment; (b) appeariag ia court; and (c) paying reasanable attomeys' <br />€ees �o grot� its inteaest in tfle �periy and/or rights under ttt�is Seeurity �nstnnnent, including its secured <br />positio� i� a i�ankruPtc}r proceeding. Securing the Property iacludes, but is not Iimiteci. to, enteriIIg the <br />Prvp�I.y to make repairs, c,�ange locks, replace or hoard up d�rs and windows, drain water from pipes, <br />elim�ate btu�ding or other code vioIatians or dangerous conditions, and have utiliries tumed on or off. <br />Althougty L�nder may take acrion under ttus Secrion 9, Lender does not have to do so and is not under any <br />duty or obligation to do so. It is agree� that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br />Any amotmts disbursed by Lender urnfier this Secrion 9 shall become addirional debt of Borrower secured by <br />this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement <br />and s�all be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If <br />Borrower acquires fee title to the Property, the leasehold and the fee ritle shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage 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 Borrower was required to make sepazately designated payments <br />toward the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to <br />the cost to Borrower of the Mortgage Insurance previously in effe,ct, from an alternate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ol <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Finandal Services Page 8 of 17 <br />! ' A "' . <br />
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