201210011 - Laserfiche WebLink

Browse

201210011 for the repairs and restoration in a single pa�ment or in a series of progress paymenls as the work is complcicd. If the insurance or condemnation procccds are not sufficient to repair or restore the Proper[y, Borrower is nol rclieved of Borrowers obliga[ion for the completimi of such rcpair or resloration. Lender or its agent mau make reasonable entries upon and inspections of the Property. If it has reasonable cause,Lender may inspect the interior of the improvemcnts on the Properly. Lender shall gve Borrower notice at the time of or prior to such an intcdor inspection specifying such reasonable cause. 8. Borrower's Loan Application.Borrower st�all bc in dcfault if, daring the Loan applicationprocess, Borrower or any persons or entities acting at the direction of Bormwer or�vitli Borrower's knowledge or cousent gave materially false, misleading, or inaccuiate iidora�alion or statements to Lender(or Failed to provide Lender with material information)in connecUon��ith the Loan. Material represemations include, but are not limiled to, representations conceming Borrower's occupancy of thc Properiy as Borrower's principal residence. 9. Protectionof Lender'slnterest in the Propertyand RightsUnderthis Security Instrument.If(a) Borrower fails to peiform the covenants and agreements comained in this Security InstrumenL (b) there is a legal proceeding that nright significantly affect Lendcr's interest in the Proper[y and/or rights under this Security Instrument(such as a procecding in bankruptcy,probate,for condemnation or forfeiture,for enforccment of a lien K�hich may attain priority over this Securiry Instrument or to enforce laws or regulations);or(c)Borrower has abandoned the Propertt,then Lender may do and pay for�vhatecer is reasonable or appropriate to protect Lender's intcrest in the Propeih- and nghts under this Secndty Instnzment, including protecling and/or assessing the valne of the Properh, and securing and/or repainng the Property. Lender's actions can include,but are not linuted lo: (a)paying airy sums securcd by a licn which has priority ovcr this Security Instrumcnl; (b)appeanng in court; and(c)paying reasonable attomeys' fees to protec[its interest in the Proper[y and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing Il�c Proper[y includes, but is not limited to, entenng the Property to makc repairs, change locks; rcplace or board up doors and�;�indows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and ttave utilitics tumed on or off. Although Lender may take action under this Section 9,Le�uler does not kia�e to do so and is not under an} duty or obligation to do so. Il is agreed tLat Lender incurs no liabiliTy for nol laking any or all actions authorized under this Section 9. Any amounts disbursed bc Lendcr under tlus Section 9 sltall become additional debt of Borrower secured by this Security Instrument. These aniounts sliall beaz inte�cst at thc Notc rate from thc date of disbursement and sliall be payable, with such iMerest, upon notice from Lender to Borrower reques[ing paymenl. If this Sccurity Instmmeut is on a lcaschold, Borrower shall comply with all the provisions of the lease. If Bonower acqirires fee title lo the Proper[y, the leasehold and the fee title stiall not merge unless Lender agrees to the mcrger in wnting. 10. Mortgage Insurance.If Lender rcquired Mortgage Insurance as a condition of making tUe Loan, Borrower shall pay the premiums rcquired to maintain the Morigagc Insurance in cffccL If,for any reason, the Mortgage lnsurance coverage required by Lender ceases to be available from the mortgage insurer tlu[ previously provided such insurance and Borrower was required lo make separalelq designated payments towazd the prcmiums for Mortgage Insurance,Boirower stiall pay the prenuums required to obtain coverage subslan[iallv equivalent to the Mortgage Insurance previously in effect, at a cost substantially eqnivalent to [he cost to Bormwer of the Mortgage Insurance prcviously in c(fcc[, from an alternatc mortgagc insurer selected by Lcndcr. if substantially equivalent Mortgagc Tnsurance covcrage is not availablq Borrowcr shall NEBRASKA-Sinqle Family-Fannie MaelFreddle Mac UMFORM INSTRUMEM Fortn 30281l01 VMP� VMPB(NE)(110�00 Wol[ers Kluwer Financial Services Page S of 1)