201204276 - Laserfiche WebLink

Browse

201204276 for the repairs and resforation in a single payment or in a series of progress payments as the work is completed. If the insutance or condemnation proceeds aze not sufficient to repair or restore tha Property, Borrower is not relieved of Bortowet's obligation for the comgletion of such repair or r�toiation. Lender or its agent may make reasonable entries upon and inspections of the Praperty. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspecrion specifying such reasonable cause. 8. Borrower'sLoanApplication.Borrower shall be in default if, during the Loan applicationprocess, Borrower or any persons or entities acting at the direcrion of Borrower or with Borrower's knowledge or consent gave materially false, misle,ading, or inaccurate information or statements to Lender (or failed to pmvide Leader with material information) in connection with the Loan. Material representations include, but aze not Iimited to, representations concerning Bonower's occupancy of the Property as Borrower's principal residence. 9, Protectionof Lender'slnter�st in the Propertyand RightsUnderthis Security Instrvment. If (a) Borrower fails to perForm the covenanis and agreementa contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under tive Security Instrument (such as a proceecling in banlQUptcy, probate, for condemnation or forfeitute, for enforcement of a liea which may attain priority over this Security Instnunent or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Inshvment, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property, Lender's acrions can include, but are not limited to: (a) paying any sums secured by a lien wluch has priority over this Security Inshvment; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Ptoperty and/or rights undet this S�urity Instrument, including its aecur� position in a banla�uptcy proceeding. Securing the Property include�, but is not limited to, entering the Property to make repairs, change locks, replace or boazd up doors and windows, drain water from pipes, eliminate building or other code violations oz dangerous conditions, and have utilities tumed on or off. Altliougb Lender may take action under this Secrion 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taldng any or all actions authorized under this S�tion 9_ Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at t]ze Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrowet requasting paymeat. Tf this Security InsLn�ent is on a leasehold, Borrower shall comply with all the pmvisions 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 metger in writing. 10. Mortgage InsurBncB.If Lender required Mortgage Insuiance as a condirion of making the Loan, Bonower shall pay the premiums requued to maintain the Mortgage Insutance in effect. If, for any re�son, the Mortgage Insurance coveiage required by Lender ceases to be available &om the mortgage instuer that previously provided such insurance and Borrower was required to make segarntely designated payments toward the premiums for Mortgage Insuraace, Borrower shall pay the premiums required to obtain coveiage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insutance previously in effect, &om an alternate mortgage insu,rer selecte�i by Lender. If subatantially equivalent Mortgage Insurance coveiage is not available, Bormwer shall � � KASingla Femlly-Fannie MaalFreddie Mac UNIFORM INSTRUMENT Fcrm 30� 1/01 VMPB(NE) (1905�QD Woltere {duwer Rnandal 3ervlc� Page 8 uf 17