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201207192
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8/29/2012 9:07:48 AM
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DEEDS
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201207192
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201 <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 are not su�cient to repair or restore the Property, <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 inspecrions of the Property. If it has reasonable <br />cause, Lender may inspe,ct the interior of the improvements on the Property. Lender shall give Borrower <br />norice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan applicarion process, <br />Borrower or any persons or enrities acting at the direction of Bonower or with Bonower'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 information) in conneetion 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 1_ender's Interest in the Preperty and Reghts Under this Security Instrument. If (a) <br />Borrower fails to perform the covenants an� agreements contained in this Security Instrument, (b) there is a <br />Iegal gra�eding tbat acight signiftcantly afFect 'Lender's interest in ttze Progerty aad/or rights under this <br />Secvrity Ins�t (�h as a proeeedi�g iu bantcruptcy, probate, for con�emnation or forfeiture, for <br />e�aforcement o� a�iea w+hich may attaia priority over tbis Security Instr�ment or to enforce laws oa <br />regtitaiions}, or (c) Borsrctwer bas abandQned tfie Property, then Lender may do and pay for whatever is <br />reaso�ble oF ��e t� gro�t �,encler's interest in the Pressperty � rig�ts un�er this Security <br />Ins�nt ine�r�i�g ga�t�ting andlor a�ssing the value of the Pro�r, agd s�t.tring asdfor rePairixig <br />tfie Property. T.�tei's a�ti�s c�a include, bt1E ace not Iimitec� to: (a) PaYiag aay �ms secured by a Iien <br />whic� �as Paie��tity �ve� tF�is �cusi�Y �nst�vment; (b) aP�reazing ia co�rt; az�d (c) FaYing reasonable attora�ys' <br />f� to prot�t �ts i� itn t�e Progea �lor rights undes this Security Fa�ent, inciuding its �ttecfi <br />posiEiv�c � a b�CV.gtcy pr�g. S�cu,riag t� Pcoperty iacludes, b� is IIot Iimited to, entering the <br />Frop�r to n�a&e rep�s, cT�ge Iocks, rep�e or b�ard up ctoors a� wis��c>ws, drain water from pige5, <br />eliminate bvitding or otFaer c�e viQlatiens or dangeraus corniitions, aIId bave utilities tumed on or off. <br />AIthough Lender may take actioa under this Section 9, Lender dOes not have to do so and is aot under any <br />duty or obligation to do so. It is agre.ed that Lenc�er incurs no liability for not taking any or all actioivs <br />authorize� under this Section 9. <br />�ny amounts disburs� by E,ender under tl�is 5ectio�, 9 sI�I become ac�itiogat dEbt of Borrower secured by <br />this Securiry Instrument. These amounts shail bear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />�f this Security Instrument is on a leasehold, Berrower shall comgly with aII the provisions of the lease. If <br />Borrower acquires fee title to the Property, the Ieasehold and the fee title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making 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 Borrower was required to make separately designated payments <br />towazd the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantiaily equivalent to <br />the cost to Bonower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />sel�t� by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower sha11 <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mec UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Flnancial Services Page 8 of 17 <br />
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