201207026 - Laserfiche WebLink

Browse

201207026 for�lie repnirs and resCoration in a single paymcnE or in n series of progress payinants as the work ls com�leted. If the insuranco or oondenmfl6ion proceeds tu'e not suf'ficienf to repair or reatoro the Property, Borrower is not relieved of Borrower's obligaCion for tUo completion oP such repnir or restoxaYion. Lcndor�r it;v agent may make reAsonable antries upon snd in5pootions of Lhe Property. If it has relsonable ccuise, Lender mey inepect the interior of the 'r�n�rovemeuts on the Properry. Lender�hall give Borrower ixorioe at the Time o�P or prior to s�ich an iTrierior inapee[ion specil'ying such reasonable cause. 8. Borrower's Loan AppliCation. Bon�ower shall be in defxult if, during the Loan application process, Borrower or any persons or entifics acting ati the clirection of IIocrower or with Bon�owcr's]aiowledge or conseut gave material9y falso, misleading, or inaccurt�te inFormation or stato�nmits to Lencler(or fvled to peovide Lender with inaSecial In£ormation) in connection with the Loa�i. Material representati'oi�s include, but are not IuiuYed to, reprcecntation� concerning Borrower's occupa�icy of tl�c Vto��erLy�s Bon�ower'a principal residenco. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) Barrower fails to pei�form tlie coveuants and abn�cemeuts conlninul in thie�Seeurity Instrwnant, (b) thero is a legal pxoceeding that might sigi�ifioantly affcct Lender'e interest in the Property andfor i9ghts under this Secm�ity Insh�utnenC(such as a procccding in 6anla•irptoy, probate, for condu�nn�tion ox forfeilure, for etiforeement of a lien whicl�inay atPain priority over this Secw�ity Inshtnnent or ta enforce laws or i�egulations), or (c) Borrower hes abandoned the Pxoparty, thci2 Lender may do and pay for whatever is rcasonable or appropriate to protect Lender's intcrest in the Property and rights under this Scauily Inatxument, ineluding protecting ancUc�� eissassing the velue of the Proporty, and Fecurittg nnd/or xepairuig the Pcoperty. L,endcr's actions can include, but are not fimitcd to; (a) �aying any suins secured by a lien which has priority over this Security Instn.iment, (U) appearing in court; and(c)pay'rr�g roasonabla altoxneys' fees to proYect its lnterest in tl�c PivperCy and/or rights undar tl�ie Seourity IusCriunent, including its seotued posifion in a ban7a�uptcy proceeding. Seew'ing the Prayci�ty includes, but is not limited to, entering N�e Ptciperty to ni�ke rep�irs, chTnge locks, replace or Uoard up doors and windows, drain water from pipes, elimniate building or ollier cade violatio��s ur cl�ngeroue conditions, and have utilities Cmneci on or off. Although Lender may talce aetion xmcier ehis Section 9, Lender doea not hava to cio ao and is not twder any ciuty or obligation tc� du so. It is agxeed that Lender ii�cuas no liability far not taking aaiy or a11 actions au[horiaed under Y1iis SecCioi� 9. Ariy amounts disUursod t�y Lander tmder this SecUon 9 shall bcconie additional debt of Borrower secured Uy this Security Inetruixient. These�momifs shall bcar inCerest flt the NoYe rate from tlie date of disburse�nent and shall be payahla� witl�auch intorest, upon nofice fi•om Lender to Rorrowcr roques[ing payment. If 11�is Security Instrwnent is on�leaschold, Borrower shall coin�ly with all tl�c��rovisions�of the lease. If Borrower aeqnires fee title to the Property, the leasehold and tl�e fco'CiClo shall not merge unleas Lender agrees to the inergcr in wri6ing. 10. M ortgage Insuranee. If Lender required Mortgage IivsLu•ance ps a condition of inaking the Loan, IIorrower sl�all pay the premiuins requtred to maintaiii the Mortgage Insm•ance in effect. lf, for any reason, the Mortgege Insurance aoveragc required by Lender ceases to Ue availablo from lhe mortgage insurer that praviously providcd such itisurnnce and Borrower was rcquired to inalce sepnrately desiguated payp�cnfs toward ilie pxemiums for Mortgaga H�surancc, Borrowex shall pay the premiwns required to obhain ooverage substwtinlly equivalent to the MorCgage Insurance previously in effcct, at a cosf siibstanCially equivRiant tio the costi to Bon�owee oP tihe Mortgage Instuanoe previouelg in effeol, fi•om en alYernate mortgage insurer sel�rotcd by Lencler. If substmntially equivalent MorCgage Inaurnuce covexage is not avnil�ible, Borrower shnll 2aon�sia NEBRASKA-Single Famlly-Fennle PdaefFreddle Mac UNIPORM INSTRUht EN f Form 3628 1l01 VM P 17 VM PA(N E)(11051 WQlters Kluw er Flnannial 9ervices Pago b of 19