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201205033
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Last modified
6/28/2012 4:23:00 PM
Creation date
6/22/2012 9:00:30 AM
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DEEDS
Inst Number
201205033
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20120503� <br />for the repairs and restorarion 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 Properiy, <br />Borrower 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 Progerty. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Bonower <br />notice az the time of or prior to such an interior inspecrion specifying such reasonable cause. <br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application pmcess, <br />Borrower or any persons or enriries acting at the direcrion of Bonower or with Borrower's knowledge or <br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide LeIIder with material information) in connecrion with the Loan. Material representations include, but <br />are not limited to, representations concerning Borrower's occupancy of the Property as Bonower'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 Instrument, (b) there is a <br />legat pr�ing that might significantiy affect I.ender's interest in the Properly and/or rights under this <br />Security Ins�rument (such as a proc�ding in bankrugtcy, probate, for conc�nnatioII or forfeitare, for <br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or <br />regulations}, or (c) Borrower has abandonec� the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to grotect L,ender's inter�t in the Progerty and rights under this Security <br />Instrualent, including protecting anct/or assessing the value af the Froperty, azcd s�uting and/or repairing <br />the Properiy. Lender's actioas can iacSud'e, but are not limited W: (aj paSriag auy sums s�vred by a lien <br />which has priority over t�is Security �sstrument; (bj aPPearing �n court; a�d (c) PaYing reasonable attorneys' <br />f�s ta protect its interest in ti�e Praperty andlor rights vaider this Security in�m�r, including its secured <br />�sition in a banl�.ptcy pra�ing. Seeuring ti�e Progerty incIudes, but is not Fimited to, entering the <br />Property to make repairs, chagge locks, replace or board up d�ors and windows, drain water fram pipes, <br />eliminate building or other co�fie violations or dangerous condirions, and have t�tilities turned on or off. <br />Although Lender may take action under this Section 9, Lender does not have to do so an� 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 this Secrion 9. <br />Any amounts ctishursed by I.ender under this Secrion 9 shall become additional debt of Bonower secured by <br />this Security Iastr�ment. These amounts shall bear iIIterest at the Note rate from the date of disbursement <br />and sha11 be payable, with such interest, upon norice from Lender to Borrower requesting payment. <br />If this Security Instrumeat is on a leasehold, Bonower shall comply with all the provisions of the lease. If <br />Borrower acquires fee ritle to the Property, the leasehold and the fe,e title 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 maldng the Loan, Borrower <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, Borrower sha11 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 Bonower 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 Financfal Services <br />Form 3028 1 /01 <br />VMPB(NE) (1105) <br />Page 8 of 77 <br />r� ' <br />
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