201207363 - Laserfiche WebLink

Browse

20�20�3Gv 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, Bonower is not relieved of Bonower's obligation for the completion 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 Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Applicafion. Borrower shall be in default if, during the Loan application process, Borrower or any persons or enrities acting at the direction of Borrower 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 conne,ction with the Loan. Material representarions include, but are' not limited to, representations concerning Borrower's occupancy �f the Property as Bonower's principal residence. . � 9. Protecfion of Lender's Interest in the Property and Rights Under this Secur'rty Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Se,curity Instrument, (b) there is a legat proceedin,g that might significandy affect Lender's interest in the Properiy andJor rights under this Securit� Instr�ment (such as a prc�ceeding in bankruptcy, probate, for condemnation or forfeitiue, for eaforcement of a lierc which may att�in priority over this Security Instrument or to enforce Iaws or reguiaxions), or (e) Rorrower has abandoned the Property, then Lender may do and pay for whatever is reasonable ar appropriate to protect Lender's interest in the Properiy ancl rights under this Security Instrutnent, inciuding prot�ting and/or assessing the value of the Property, and securing and/or repairing the Ptoperty. Lender's acrions can incIude, bvt are not limited to: (a) paying any sums se,cured by a lien which has griority ov�r this Secvrity instrument; (b) aPPeariag in court; and. (c) PaYing reasonable attomeys' fe.es to protect its interest in the Property and/or rights under this Security Instrument, including its secured �sition ia a baukruptcy proceeding. S�uring the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up d�rs and vviadows, drain water from pipes, eliminate buildang or other code violations or dangerous condirions, and have utiliries turned on or off. Although L.ea� may take acrion under this Se.ction 9, Lender does not have to do so and is not iuider any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or alI actions authorized under this Section 9. Any amouats disburse� by Lender under tlus Secrion 9 shall become additional debt of Borrower secured by tfiis Security jnstrument. These amounts shall bear interest at the Note rate from the ctate of disbursement and shall be gayahle, with such interest, upon norice from Lender to Borrower requesting payment. If tlris Security Instxvment is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee ritle ta the Property, the leasehold and the fee ritle 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 shalI pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Bonower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower 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 Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) (1105) Wolters Kluwer Financial Services Page 8 of 17