201206595 - Laserfiche WebLink

Browse

2o��vs5�� . . for the repairs and restararion in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnazion proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable ent�ies upon and inspections of the Progerry. 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 priar to such an interior inspection spe.cifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the I.oan application process, Borrower or any persons or entities acting at the direction of �rrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate in.formation or statements to Lender (or fail� w provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Properry as Borrower's pri.ncipal residence. 9. Protection of Lender`s fnterest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to g�rfozm the covenants and agreements contained in this Sectuity InsuvmenC, (b) there is a legal proceeding that might signi5cantly affeet L�nder's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, foz condemnation or forfeiture, far enforcement of a lien which may attain prioriry over tbis Security Instrument or to enforce laws or regulations), or (c) Borrower has abandone3 the Proper�y, then Lender may do and pay for whasever is reasonable or appropriate to protect Lender's interest in the Propertrty and rights under this Se�urity inctrnmPnt, including protecting and/or assessing the value of the Properiy, and se�uring and/or repairing the Properry. Lender's actions can include, but are not limited to: (a) paying any sums se.cured by a lien which has priority over this Seeurity Instrument; (b) appearing in court; and (c) paying reasonable attomeys' fees to protect its interest in the Pzoperty andlor rights under this Security Instrument, including its seoured position in a bankruptcy pmceeding. S�uring the Properiy inclutles, hut is not limited to, entering the Property to ma.ke repairs, change locks, replace or board up doors aad windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities tume�i on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that I.ender incurs no liability for not 'taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower securetl by this Security Instrvment. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, u�n notice from Lender to B�rrower zequesting payment. If this Secuzity Insuvment is on a leasehold, Borrower shall c.omply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee ti�le shall not merge unless L�nder agrees to the merger ia writinS- 10. Mortgage Insurance. If L,�ndez re�uired Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maiata�*+ the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage requir� by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Bortower was re�uired to make separately desigaated paymeats toward the premiums for Mortgage Insurance, Borsower shall pay the premi�ums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially e�uivalent t� the cost to Borrower of the Martgage Insurance previously in effect, from an alternate mortgage insurer sele.cted by Lender. If substantially equivalent Mortga.ge Insurance coverage is not available, Borrower shall NEBRASKA-SSnpie Fam➢y-Fennie Mae/Fraddia Mac UMFORM INSTRUMENT Form 3028 1/07 VMp t� - YMP6lNEI {11U61.00 Wotters Ktuwer Financlel Sarvices Pege S of 17