201205338 - Laserfiche WebLink

Browse

20120533� for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the complerion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Bonower norice at the rime of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, Borrower or any persons or entiries acting at the direction of Bonower or with Borrower's l�owledge or consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to provide Lender with material informarion) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Bonower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Und�r this Security Instrument. If (a) Bonower fails to perform the covenants and agreements contained in this Security Instivment, (b) there is a legal proceeding that might significantly aff�t Lender's interest in the Property andlor rights under this Security Instrument (such as a proceeding in ban�uptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or reguIations), or (c) Borrower has abandoaed the Properiy, then Lender may do and pay for whatever is reasonable or appmpriate to protect Lender's interest in the Property and rights under this Security Instrument, includiag protecting and/or assessing the value of the Property, and s�uring andlor repairing the Froperty. Lender's acrions can inclucte, but are not limited to: (a) paying any sums secured by a lien wluch has priority over tivs Security Instrument; (b) appearing in court; and (c) paying reasonable attomeys' fees to protect its interest in the Property and/or rights under this Security Instrurnent, including its secured position in a banl�uptcy proceeding. Securing the Property includes, but is not limited to, entering the Propert}t to make repairs, change Iocks, replace or board up doors and windows, drain water from pi�s, eliminate building or other code violations or dangerous condirions, and have utilities tumed on or off. Although Lender may take action imder this Secrion 9, Lender does not have to do so and is not under any dury or obligation to do so. It is agreed that Lender incurs no liability for not taldng any or all actions authorized under this Section 9. Any amounts dishursed by Lender under this Section 9 sha11 bec�me additional debt of Bonower secured by this Security Instniment. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon norice from Lender to Borrower requesting payment. If this Security Instrument is on a Ieasehold, Borrower sha11 comply with all the provisions of the lease. If Borrower acquires f� title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condirion of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to he available from the mortgage insurer that previously provided such insurance and Borrower was required to make sepazately designated payments toward the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Bonower of the Mortgage Insurance previously in effect, from an alternate mortgage insu.rer sel�ted by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall NEBRASKA-Single Femlly-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Financfal Services Form 3028 1/Ot VMP61NE) (1105) Page 8 of 17 � 4 � � , .