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20120572� <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 Property, <br />Borrower 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 sha11 give Borrower <br />notice at 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 process, <br />Bonower or any persons or entiries acting at the direction of Bonower or with Borrower'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 />aze not limited to, representations concerning Bonower's occupancy of the Property as Borrower's principal <br />r�idence. <br />9. Protecfion 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 Security Instrument, (b) there is a <br />legal proceeding that might signif�cantly affe,ct Lender's interest in the Property and/or rights under this <br />Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this S�urity 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 appmpriate to protect Lender's interest in the Property and rights under this Security <br />Iustrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. I.ender's actions can include, but are not limited to: (a) gaying any sums secured by a lien <br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attomeys' <br />fees to protect its usterest in the Progeriy and/or rights under this Security Instrument, including its secured <br />position in a banlcr�ptcy proceeding. S�uring the Property includes, but is not liinited to, entering the <br />Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, <br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take action under this Secrion 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 talcing any or all acrions <br />authorized under this Secrion 9. <br />Any amounts disbnrsed by Lender under this Sec�ion 9 shall become additional debt of �onower secured by <br />this Security Instrument. These aznounts shall bear interest at the Note r�te from the date of disbu.rsement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall cvmply with all the provisions of the lease. If <br />Bonower acquires fee title 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 condirion of ma.king 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 sepazately designated payments <br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in eff�t, at a cost substanrially equivalent to <br />the cost to Bonower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender. If substanrially equivalent Mortgage Insurance coverage is not available, Bonower shall <br />NEBRASKA-Single Famfly-Fannie Mae/Freddfe Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1 /01 <br />VMP6�NE) (1105) <br />Page 8 of 17 <br />;+;', <br />