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201208740
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Last modified
7/20/2017 9:57:16 AM
Creation date
10/19/2012 11:21:35 AM
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DEEDS
Inst Number
201208740
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201208740 <br /> for the repairs a�id rastoration in a single paymenl ox in a series of progress payinents as the work is <br /> completcd. Tf khe insurance or condetmiation proceeds are not suffiaient lo rep�ir or restorc tho Property, <br /> Barrower i�noC rclicvcd of Borrr�we�'s obligation for tlie complefion of such repnir or re�toralion. <br /> Lender or il�agcnt mety mal<e re2sonable entries upon aud inspecCio�is of the Property. I£iC has reasonable <br /> oause, Lender mey inspeot Che inlerior of tl�c irnprovcmcnts on the Frol�erty. Lender shell give Borrawer <br /> noTice at the time of oA prior to anch nn interior inspection specifying such rcasonable catitse, <br /> 8. BorrOwel''S Lo�n Application. Borrower shall 6e in default iF, during the I.oan applicationprocess, <br /> }3orrower or a�i�persons or entities �eting at the direction of IIorrowei or�ith 13orrowor's lrnowledge or <br /> conscnt gave m�aterielly false, inisleadiug, or in�cow•ate information or statement�c to LeiTder (or failed to <br /> provide L�nder wi6h maLeried iriforma6ion) in conncotion with tl�e Loan. Material represeuYatione include, but <br /> are not Innited to, represeutntione coneernnig Borrower's occupauoy of Yhe Yroperty as Rorrower's principal <br /> residence, <br /> 9. Protection of Lender's Interest in tho Property and Rights Under this Security Instrument. if(a) <br /> Borrower fails to perfonn the covenant�s aud a�gxeements contained in this Secmity Inshument, (b)khere ie a <br /> legal prooeeding that nvght significantly affcot Lcnder's intcrest in tl�e Proporty aucUor rights under tl�is <br /> Secw'ity Instrument(auch ns a proceeding in bnnlmiptcy, probale, for condei�nati�m or forfcifm�c, for <br /> enforcement of a lien which may atEain priority over this Sectuity Lish•ument ar to enforoe laws or <br /> regulations), or(c) Borrowor has abandonad tha Property, then I.ender nuty do and pay for whaYever is <br /> reasonnble or approptiafe Co proCech Lender'e intcresC in the Yroperty and rights ut�der this Secw�ity <br /> Instrument, including protecting And/or assessing the vfllue of tlie Property, and eecuriug and/crr rcp�iring <br /> the Property. Lender's actions can include, but are not limited to: (a)paying any sums aecnred by a lien <br /> whicl�has prioritq over t1us Security In.stiumenT; {b) appeu�ing iri court; aaid(c)paying re�sonable nttorneys' <br /> fee.s Co proLeet iCe interest in Uie Pinperty and/or rights ui�dor tl�ie Secm•ity I,ristrnment, including its aecw�ed <br /> position in a bnnkruptcy proceeding. Securing the Property inchides, but is not limited lo, enuering th� <br /> Property to inake re�airs, change locks, raplaca or board up doors and vviudowe, drain water frozn pipea, <br /> eliminatc biulcling or othe� code violatinns or dangerous cond'rtions, and l�ave utilities turned on or off. <br /> Although Lender mny ktike action under thia Seetion 9, Lender does noC have Co do sp ai�d is naC imder any <br /> duty or obligation to do so. It is agreed that Lendar inetius no liability for not taking any or a11 nctions <br /> autharized mxier this Section 9. <br /> Any amounte dis6urseci by Lender mider lhis Section 9 shall become�ddiCional del�C of Borrower eccu�'ed by <br /> this Seom�ity Inatrument. These z�nouuts shell bea�• interest at the Note rate fiom the dnte of disbursement <br /> and shall Ue payable, with such interest, upon notice froin Lender to Borrower requasl'ing payinent. <br /> Tf this Secw'ity Instrument is on a leasehold, Boxiower shall cmnply with all Che provisions of the 1¢ase. If' <br /> Borinwer acquires fco ritic to the Prop�K�ty, tko]caschold and thc fcc fitic sh�ll not me��ge timless l,endei <br /> agrees to the merger iu writing. <br /> 10. M ortgage Insurance. IPLender required MorCgase Instuance as a.coudition of rnaking the Loan, Borrower <br /> shall pay the pre�nimns requircd to mairitaii�t1�e Mortgage Innuranee in effect. If, for any reason, fhe <br /> Mortgage Inam•anoe coverage requirecl by Lender eeases Co be available Peom the morlgagc insurer Chat <br /> previously provided such insurance nud Borrower was required to make sepaxakely deeignated payments <br /> toward ilie preniluins for Mortgage Insurance, Rorrowar shall p�y tha�remituns required to obtain oovernge <br /> sub4tantia1ly ev�uiva1ent to the Mortgage [ns�uance previously rn effect, at a cost substantial7y equivalenti to <br /> hhe cos[fo Boirower o�P fhe Morlgage I�isuianoe previously in efPecC, firon�an alternate morLgziga insurer <br /> selecYed by Lender. If substantially equivalent Mortgage Ilisurance covernge is not nvnilnble, Borrower ahall <br /> 24002A68 <br /> NEeMSKA-Single Pemlly-Fannie MaelFreOtlia Mec 11NIFORM INSTRIIMENT Po�m 3020 1/01 <br /> vm p o vn�Ne�Ne���i ios� <br /> W oltera Kluw ar Flnanaial Savlcea Pege fl'nf 1] <br />
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