Laserfiche WebLink
20120357� <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 proceeds aze not sufficient to repair or restore the Property, <br />Bonower is not relieverl 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 />cause, Lender may insg�t 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 application process, <br />Bonower or any persons or entities acting at the direcrion of Borrower or with Bonower's l�owledge 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, representations concerning Bonower'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 />Bonower fails to perform the covenants and agreements contained in this 5ecurity Instrument, (b) there is a <br />legal proceeding that might significantly affect I.ender's interest in the Property and/or rights under this <br />Security Instrument (such as a proceeding in banl�uptcy, probate, for condemnarion or forfeiture, for <br />enforcement of a lien which may attain griority over this Security Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate ta protect Lender's iIIterest in the Pro�rty and rights under this Security <br />Instrument, including prot�tiag and/or assessiag the value af the Pro�rty, and secuting and/or repairing <br />the Properry. I.ender's actions can include, but are not limited to: (a) paying any surns secured by � lien <br />whicfi has griority over tliis Security I�ent; (b) appearing in court; and (c} paying reasonable attomeys' <br />fee�s to pmtect its interest in the Pragerty and/os rights under this Security Instrument, including its secured <br />position in a banlQV.gtcy pr�eeding. Securing the Property includes, but is not limited to, entering the <br />Praperty to make repa:irs, change Iocks, replace or board up d�rs atnt windows, drain water from pipes, <br />eliminate building or other code violations or dangerous condirions, and kave utilities turned on or off. <br />Although Lender may take action under tYus Section 9, Lender does not have to do so and is not under any <br />duty or obligarion to do so. It is agreed thai Lender incurs no liability for not taldng any or a11 acrions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under tlus Section 9 shall become addirionai 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 shall be payable, with such interest, upon notice from Lender to �rrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If <br />Bonower acquires fe,e ritle to the Property, the leasehold and the fee title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition 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 separately designated payments <br />towazd 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 effect, from an alternate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Farm 3028 1/O1 <br />VMPBWE) (1105) <br />Page 8 of 17 <br />"� �R �1 y . , . �. <br />