201210951 - Laserfiche WebLink

Browse

201210951 Por the repairs and restoration in a single payment or in a serles of pro�ess payments as the work is completed. If tIie insurance or condzmn3ti0n praceeds aze not sufficient to repair or restore the Property, Borrower is not relieved of Borrowcr's obligation for the complelion of such repair or restoration. L.ender or its aeent may make reasonable entries upon and inspcctions of the Proper[y. IP it has rcasonable cause, Lendet may inspect the iaterior of tl�e impmvements on the Pxoperty. Lender shall give Borrower notice at the time o£or prior to such an interior inspecrion.specifymg such reasonable cause. 8. Borrow er's Loan Application. Borrower shall be in default if, during the Loan applicarion process, Borrowex ox any persons or entities acring at the direction of Borrower or with Borxower's Imowledge ar consent gave materialiy false, misleading or inaccurate information ox statemearts to Lender(or failed to provide Lendex with material information) in eonnection with the Loan. VIaferial representations include, but aze not limited tq representatlons conceraing Borcower s occupancy of the Property as Borcowec'a pxuicipal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) Borrower fails to perform the covenants and agreements contained in this SecLu-itv Instrument, (b) there is a legal proceeding that might si�ificantly affect Len.der's interest in the Properry and/or rights under this Security Instrument(such as a proceeding in bnnkruptcy, pr�bate, for condemnation or foxfeiture, Por enforcement of a lien which may attain priority over this Security Instnunent or to enforec laws or rcgulations), or{c) Borrower has abandoned the Property, thea Lender may do and pay for a•nateyer is reasonable or appropriate to protect Lender's interest in rhe Property and rights under this Securi� Instrument, inclading protecting and/or assessing the value of the Properry, and securiug and/or repairing the Properly. Lender's acfions can include, but are not lunited to: (a)paying any sums secured by a lien which has priority over tlris 3ecurity Lnstrument (b) appearing ia coLut; and(c)paying reasonable attorneys' fees to protect its 3nterest ui the Pxopexty and/or rights under this$eGurity Instnunent, including its secured posi�ion in a b�kniptcy proceeding. See�ing the Property includes, but is not limited tq entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, elimu�ate building ar other code violations or dangerous conditions, and have utilities turned on ar off. Although Leuder may take action under this Section 9, Lender does not have to do so and is no[under any duty or obligation to cto so. It is agreed that Lender incurs no liability for not talcing any or all actions anthorized under tlus Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Secisity Instmment. The�e ainauuts shall hear interest at the Notz rate from the date of dlsbuxsemenY and shall be payable, with such interest, upon norice from Lender to Boaowcr requesting payment. If this Security Iiastrument is on a leasehold, Borrower shall compl}r with all the provisions of the lease. If Borrower acqLures fee title to t17e Property, the leasehold and the fee tifle sha11 noY merge unless Lender a�ees tp the merger in writing. 10. M ortgage Insurance. If Lender required Mortgage Insurance as a condition of maldng ihe Loa� Borrower shall pay the premiums required W maintain the Mortgage Insisance in effect. if, fQr any xeason, the lYIorfgage Insurance cov�age sequixed by Lender ceases to be a�ailable frosn the moxtgage insurer that pseviouslyprovided such insurance and Boaower was required to make separa#ely deslgnated payments toward the premiums for Mortgage Insurance, Bnrrower Shall pay the premiuins requirul t�obtain coverage suhstanlially equival�t So Lhe MorCgage Insurance previously in effeot, aT a cost substantially equivalent to the cost to Borrowec of tUe Mortnage lnsurance pre��iously in effect, from an alternaYe mortgage insurex selected by Lender. If subsfantially equivatent Mortgage InsLuanee covcrage is not available, Borrower shall 240031t] NE3RASKA-Single Family-Fannie A9 aNFredaie h12c IINIFORM W STRUW ENT Po�m 3028 1 f01 VMP Cy VMP6(NE)(1105) VJolters KWwer Financial Services page 8 of i l