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2 01204921 <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 procceds are not sufficient to repair or restore the Property, <br />Bonower is not relieved of Bonower'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 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 spe,cifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan applicarion process, <br />Borrower or any persons or entities acting at the direction of Bonower or with Bonower's lmowledge or <br />consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to <br />provide I.ender with material information) in conn�tion with the Loan. Material representations include, but <br />are not limited to, representations 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 coatained in this Security Instrument, (b) there is a <br />Iegat groceediag ihhat might significandy affect Lender's interest in the Property and/or rights under this <br />�ty �nstrument (such as a proceeding in baakna.ptcy, probzte, for coademnarion or forfeiture, for <br />enforeement of a lien wluch may attain priority over this Security �n,strument or to enforce laws or <br />regutations), or (c) Borrower has abandoned the Praperty, then I,.ender may do and pay for whatever is <br />reasonable or appropriate to protect Lender's interesE in the Froperty and rights under this Security <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairiag <br />the Froperty. I�nc�er's actio� can include, but are rcot Iimitec� to: (a) paying any sums s�ured by a Iien <br />which has priority over this Security Instivment; (6) appeariag in c�urt; aact (c) payiug re�.sonable attorneys' <br />f�s to protect its irnerest in the Property andlor rights under this Security Instrument, including its s�ure� <br />gasition in a banIauptcy proceeding. Securing the Property inclvde.s, but is not limited to, entering the <br />Property to ma.lce regairs, cflange Iocks, replace or board. up doors aad windows, drtin water fmm pipes, <br />eliminate building er other code violations or daugerous canditions, and Izave utilities tumed on ar off. <br />Although Lencter may take action under this Section 9, Lender does not have to do so and is not under any <br />duty or obligation to do so. It is agreed. that Lender incurs no liability for not taking any or all actions <br />authorized under t3sis Secrion 9. <br />A�ny amovnts disbursed by Lender under this Section 9 shall become addirional debt of Borrower s�ured by <br />this Security Instrc�ment. These amounts shail bear i�er�t ax the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon norice from L.ender to Borrower requesting payment. <br />If this Se,curity Instrument is on a leasehold, Borrower shall comply with all the provisions of the Iease. If <br />Borrower acquires fee tide to the Property, the leasehold and the fee tide 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, Borrower <br />sha1l 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 h� available from the mortgage insurer that <br />previously provided such insurance and Borrower was required to make separately designated payments <br />towazd the premiums for Mortgage Insurance, Borrower 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 />sel�ted by Lender. If substantially equivalent Mortgage Tnsurance coverage is not available, Bonower shall <br />NEBRASKA-Single Family-Fannfe Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 <br />VMP p VMPB(NE) I1105) <br />Wolters Kluwer Financiel Services Page 8 of 17 <br />