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201208847
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10/22/2012 3:35:36 PM
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10/22/2012 3:35:35 PM
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201208847
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�0�20���i <br />for the repairs and restoration 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 sufficient to repair or restore the Property, <br />Borrower is not relieved of Bonower's obligation for the complefion of such repair or restoration. <br />Lender or its agent ma.y make reasonable entries upon and inspections of the Property. If it has reasona.ble <br />cause, Lender may inspect the interior of the improvements on the Properly. Lender shall give Bormwer <br />notice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Applicetion. Borrower shall be in default if, during the Loan applicationprocess, <br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's �owledge or <br />consent gave materially false, misleading, or inaccurate infozmation or statements to Lender (or failed to <br />provicie Lender with material information) in connection with the Loan. Material representations include, but <br />are not limited to, representations concezning Borrower's occupa.ncy of the Property as Borrower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property end Rights Under this Security Instrument. If (a) <br />Bozrower fails to perform the covenants and agreements contaiIIed in this Security Instrument, (b) there is a <br />legal proceeding that might significantly affect Lender's interest in the Properly and/or rights under this <br />Security Instrument (such as a proceeding in ban�uptcy, probate, for condemnation or forFeiture, for <br />enforcement of a lien which may attain priority over this Security Insirument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Properly, then Lender may do and pay for whatever is <br />reasonable or appropriate to protect Lender's interest in the Property and rights under this Security <br />Instrume�, including protecting andlor assessing the value of the Properly, and securing andlor repairing <br />the Properiy. Lender's actions can include, but aze not limited to: (a) paying any sums secured by a lien <br />which has priority over this Securiry Instrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured <br />position in a banla�uptcy proceeding. Securing the Property includes, but is not limited to, entering the <br />Property to make repairs, change locks, replace or boazd up doors and windows, drain water from pipes, <br />eliminate building or other wde violadons or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take action under this Section 9, Lender does not have to do so and is not under aay <br />duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under thiis Section 9 shall become additional debt of Borrower secured by <br />this Security Instrument. These amounts shall bear interest at the Nof.e rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />ff this Security Instrument is on a le.asehold, Borrower shall comply with all the provisions of the lease. If <br />Borrower acquires fee title to the Property, the leasehold and the fee tifle 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 Insurdnce in effect. ff, for any reason, the <br />Mortgage Tncnransp coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Bonower was required to make separa.tely designated payments <br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substa.ntially eqvivalent to <br />the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage lnsurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Singla Family-Fannia MaelFraddia Mac UNIFORM INSTRUMENT Form 3026 1/01 <br />VMP 0 VMP81NE) (11061.00 <br />Wolters Kluwar Finarxial Sarvicea Page 8 of 17 <br />
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