201208987 - Laserfiche WebLink

Browse

201208987 for tho rcpairs and restoration ni a single payinent or iu a series of progi'ess payments as the work is completed. If the insuranoe or condcnn�ation proccais arc not sufifiicient to repair m�resfore the Propertiy, $orrower is not relieved of Borrower's obligatiou for 8ie coix�letion of auch rapair or restoration. Lander or its agent may meke reasoneble enh�iee upon�nd inapections oP[ha Property. If it hae rc;asonablc cause, l.ender may inspect 11ie inCerior of the improvaments on tlie Property. Lender shall give Borrower notioa at tho timc of or prior�to auch an interior ins}�ection specifyin�;such reasonable cause. 8. Eiorrow er's Loan Application. I3orro��-er shall be in del�ult if, during the Loan a�plicntion process, Borrowcr or any�crfiony or cntities acting at the direction of Borrower or with Rorrower's laiowledge or conaent gave m¢terially fnlse, inisleaditig or ii3awural'e inPonnafion or staCemcnts Co Lcndcr (or fai1od to provide Lenda�'w3tli�naterial iuformarion) in connection wlth the Loau. Materiai representa�tions include, buE nre noC limited to, reprosentalions concorning Borrower's ��ccu��ancy of the Prope��ty as Rorrowec's principaS residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. ff(a) Borrower f:vls to perform the covenants and agreemente contained in thie Security Instrmnent, (h) there is a legal proceeding T1iat inight sigvifioatifly af£ect Lander's inCerest iu the Property and/or righte under Cliie Scetinity Tnshumenf(sucl� a5 a Uroceeding iu bankraptcy, probate, Por condemiiation or foxfeittua, for etrPorc�nenC oP n]ien which may aCCain prioriCq over ihis Security Instruv�mit or to cnforce laws or ragulaHons), or (c) Borrower has abandoned the Property, tl�ien Lerider inay c10 and pay for wh2teve��is reasonable or appropriate to protect Lender's int�erest in the Property and rights under this Securlty liutrwnent, includi72g protecting ancl/or assessing tlie vahte of the Property, and sectu•ing and/or repniruig ihe Property. Lender's acLione oan iiiclude, but arc not liniited to: (a) paying any sums securcd by a lien� which l�as priority over Hiis Seourity lnst�lunent; (U) eppecuing in oourt; nnd(c)p�ying reasonable ateorneys' fees to protect its interest in the Property aiid/or righfs uuder tliis Secm'ity Instirument, inelud'uig its secured positio�i iu a hanln-itpticy proccoding. Sveuring f1�o Property includoti, but is not limited to, entering tl�e Properly to mnke repans, change locks, replace ox board up doors nnd windows, drnin wafer firom pipes, eliixunaYe building or other code violations or daugerous couditione, and have utilities harned on or off. Although Lencler may take actioa nnder tliis Section 9, I,ender does not have to do so v�d is not midec any �{uty or obligation t� do Eo. It is agreed tihat Lender inour�;no liability for not taking any or all act�ionn a�uthoriacd undor this SocCion 9. Any amouitts disbursed by Lender under this Section 9 sl�all bec�oit�o additional debt of 13orrower seourec4 by tivs Seoiu�iCy InsLrwnenl. Theae�i�ounts sh�ll l��r interest at th�Note rate from the clnCe of disbursement and shall be payable, wifh such inYereSC, apon notice&om Lander to Borrower requesting pa}nnent. If this Security Instrument is on n]easehold, Borrower s1�11 com�ly wifli all the provisious of the lease. If Borrower acquires Fee tiUe to the Property, the leasehold arid the fee title sliall not tuerge unless I,ennder agrccs to tRc mcn�g�K� in wriHng. 10. M ortgage Insurance. IP Lender required Mortgage Insur�nce as n condi[ion oP making Che Loan, Borrower shall pa�y the premiums required Yo maintain the Mortgege Insurance in efPect. IP, for any reason, the MorCgage L�sm�ance covera�e required Uy Lencler ceases to be availaUle froin the niork�age insnrer that previously, provided such insurance rmd Bonawcr �vae re�nired Co inake separately dcsignatcci p�.yn2enLc toward the premiiuns far Mortgage Ins�u�ance, Borrower shnll pay the premiums required to obtain coverttge suUsCantially equivalent to tha MorCgage Insurauca previously in effect, at a cosC suUstanCially equivalent co thc cost to k3orr�o�vcr of tho Morfgage 7nsuranw proviously in efPcct, fi�oin an altornate�mprtgage insurcr seleoCed by Leiider. Pf substantially equivnlent Mortgage Insur�nce coverage is not availnUle, Borrower ehall ---- --- � znoazssa NEBRASKA-Sin91e Fnmlly-Fannic P.7�e7Freddle M ac 11NIFORM INSTRUM ENT Form 307.0 1/0� vMr�o � vn�Ps�Nt��oe� Walters Kluwer FlnanGel Sarvices Page 0 of 19