201208789 - Laserfiche WebLink

Browse

201208789 for ihe repairs and restoratiqn in a singJe payment or in a series of pmgess payments as the work is completed. If the insurance or condarnnation proceeds are not sufficient to repair or restore the Property, Borrowex is not reIieved of Borrower's obligation for the completion of such repair or restaxation. Lender or its agent may make rcasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the inlerior af the unprovements on the Properry. Lender shall give Borrower norice at the time of or priox to such an interior inspeetion specifying such reasonahie causa. 8. BorroweY's Loan Application. Borrower sha11 be in default if, diuing ttie Ioan applicapon process, Borrower or any persons or eutities acting at the direction of Borrower or v✓ith Borrower's lmowledge or consent gave tnaterially false, misleading, or maccurafe information Or statements to Lznder(or failed to provide Lenfler with material information) in cqnnection with the Loau. Material represenTarions 3nclude, but are not limited to, representations conceiving Borrower's occupanc}�of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security instrument. If(a) Borrower fails to perform the covenants�d agreexnents contained in tkis Security Iastnxniect, (h)ihere is a legal�roceeding that might signi$cantly�aff ct Lznder's interest in the Property and/or rights under 4his Securiry Instrument(such as a proceeding in baniauptcy, �robate, for condemnation or Porfeiture, for enforcement oP a lien wlvch may attain priority over this Security Instrument or to enforce laws or regulations), pr(c) Borxower has abandoned tho Property, ttien Lender may do azid pay fox whatever is reasonable or appropriate to protect Lendei s interest in the Proper[y aa�.d rights under this Security Instrument, including protecting and/or assessing ihe value of the Property, and securing and�or repairing the Properry. Lendei s actions can include, but are not limited to: (a)paying any sums secured by a lien which has priority over this Sec�ity Instrument; (b)appearing in cour� and(c)payirtg reasonable artorneys' fees to protect Its interest in the Propetty and/or rights under this Secutity Tnstnmient, including iCs secured position in a bankruptcy pmceeding. Securing the Praperiy includes, but is:iot lirnited to, enteriag the Property to make repairs, change locks, replace or Uoard up doors and windows, drain watcr from pipes, eHminate building or other c;ode violations or dangerous conditions, and have utilities huned on or off. Althaugh Lender ma}r take action unde,-this Section 9, Lender does not have to do so and is not under any duty or oUligation to do so, It is agreed that Lender incurs no liability for noC tTknig any or all acfions authorized�mder this Section 9. Any amounts disbursed Uy Lcnd�-under this Section 9 shall become additional debt of Borrower secured by this Secw'ity Instniment. These�xnounts sliall Ucar interest at the Note xate from the date of disbursement and shall be payable, with such interest; upon notice from Lender to Borrower requesring payment. If this Security Instrument is on a leasehold, Bonowcr shall comply with zll the provisions of the lease. If i3orrower acqaires fee title to the Property, the:easehold and the fee Lille shall not merge ur�less Lender a�ees to the inergei in writing. 10. M ortgage Insurance. If Lenda required Mortgagc Insurance as a condition of making lhe Loan, Bon-ower shall pay thc preiniwns required to maintain the Mortgage Insurance in effcct. If, for any reason, the 1VIortgage Insurance coverage requued by Lender ceases to be a�ailable from tke mortgage insuzer tl�zt previously provided such insurance and Borrower was required to make separately designated payments toward the premivms fox VIortgage Ins�sance, Bocrower sha11 pay the premiums requi�'ed to obtain coverage substauYially equivalent to the Mortgage Insurance previously in effect, at a cost svbstantially equival�nt to the cost to Borrower of Yhe Mortgage Insurance prcviously in effect, from an alternate mortgage insurer seleetee by Lcnder. [f substantially equivalent�Iortgage Insurance co��eiage is not available, Boxrower shall 2x002S5". NEBFHSKA-Singie Family-Fannie.A1 aelReddie M zc UNIFORbi INSTRUM ENT Form 3028 t101 VM P� VIr9P6(NE)(�105) VJolters Kluwar Financial SeMcas Page 9 of 1]