201406896 - Laserfiche WebLink

Browse

��14��59� for the repa�rs and restflrat�on�n a s�n�le paymen�or in a series of progress payments as �he urork is camp�eted. �f�he�nsurance or cflndemna��an proceeds are n�t suffi�ient t� repair�r restare the Property, Borrower�s not rel�e�ed af Borrower's ob�xgat�on for the completion of such repair ar restara�ion. Lender ar i�� agent may make reas�nabl�entries upan and xnspeCt�ans af th� Property. �f�t has r�asanable cause, Lender may �nspect the interior of the improvements on the Pr�per�y. Lender shall give B�rrawer not�c�at�he time of ar pr�or to such an interior inspection specify�ng such reasonabl�cause. 8. Borrvwer's L�an App��cati�n. Borrower�ha��be�n default if, during the Loan app�zcat��n process, Borrower ar an�persans or entities act�ng at the directi�n of Borr�wer or wi�h Borrower's know�edge ar consent ga�e ma�erial�y false, misl�ading, ar�naccurate infarmati�n�r sta�ements to Lender�or fai�ed to pr��ide Lender wi�h mater�al informatian} in c�nnect�on v�ith the Loan. Ma�erial representa�ians include, but are not��mited�o, representat�ons concerning Borro�ver's occupancy of the Praper�y as Borro�er's principa� residence. 9. Protectivn �f Lender's lnterest �n the Property and Rights Under this Secur�ty �nst�ument. If�a} Borrower fa��s�o perform the co�enan�s and agreements c�ntained in this Security Ins�rument, �b} there is a �ega� proce�d�ng tha�mzgh�s�gnx��can��y affect Lender's interest in the Praper�y andlor r�ghts under�hxs S��uri�� Instrumen� �such as a praceeding in�aza�krup�cy, prabate, for condemnatzon ar f�rfe�ture, for enforcement of a�zen wh��h may a��ain priarity over this S�curit� �nstrument or to�nforce laws or regu�at��ns�, ar�c}B�rrower has abandaned the Proper�y, then Lend�r may do and pay for wha��v�r is r�a�onable�r apprapria�e to pro��ct Lender`s�nterest�n the Pr�p�r�y and rxgh�s under thzs S�cur�ty Ins�rument, inc�uding protecting andlar assess�ng the va�ue�f�he Prap�rty, and s��uring andlar repa�ring the Property. Lender's ac�ions ean include, but are no��imited t�: �a}paying any sums secured by a l�en which has priority n�er this Security Ins�rument; �b} appearing in cour�; and �c}paying reasonable attorney�' fees to pra�ec��ts �nteres� �n�he Propert�andlor r�gh�s under�hi�Se�uri�y Instrument, including its secured pasition�n a bankrupt�y proc�eding. Secur�ng th� Proper�y inc�udes, but�s na��m�ted ta, enter�n� the Prop�rty ta make r�pairs, change locks, replace�r board up doors and w�ndaws, dra�n water fron�.p�pes, �liminate building�r oth�r c�de violat�ons or dang�raus�onditions, and have utili�ies turn�d�n or�ff. A�thaugh Lender m�ay take ac��on under th�s S��tz�n 9, Lend��does not have�o d� s� and is�ot under any duty�r a��ga��fln to do so. �t ��agreed�ha� Lender�ncurs no ��abi�it� for no�tak�ng any ar al� act�ons auth�rized under��i� Sectian 9. An� amaun�s d�s�ursed by Lender under this Section 9�ha11 become additiona� deb�af Borro�er secured by this S�curi�y Instrumen�. These amounts sha��bear�nterest at�he Nate rate fr�m the date of disburs�ment and shall�e payab�e, w��h such �nterest, upon nfl��ce from Lend�r ta Barrower requesting payment. If�his Security �nstrument is on a leaseho�d, Borrow�r sha�� comp�y wi�h a�� he pro��s�ons of�he�ease. If Barrawer acquires fee�it�e t�th�Prop�r�y, th�leas�ha�d and the fee tit�e shall no�merge unless Lend�r agree�to the mer�er�n�c�vr�ting. '1�. Mortgage �nsurance. �f Lender requir�d Mortgage �nsurance as a cand�t�an of mak�ng th�Loan, Borrower sha��pay the pr�miums r�quired ta ma�ntain the Mor�gage�nsurance in effect. If, for any reason, the Mor�gage InsuranCe c�verage r�quired by Lender ceases�o be avai�able from the mar�gage insurer�hat pre�iously pravided suCh insurance and Borrawer was required to make separa�eiy�esignated payments �oward the prem.�um�s for�or�gag��nsurance, BorrQwer shall pay �he premiums requ�r�d to obta�n cnverage substantia�ly equi�alen�to the M�r�gage �nsuranc�pre��ous�y �n effec�, at a cos�subs�an�xa��y equ�valen�to the cost to Barrower of�he M�r�gage In�uranc�previous�y in�ffec�, from an al�erna�e mar�gage insurer se�e�ted b�r Lender, �f substan�ia�ly equi�alent M�rt�age Insuranc�co�erage is nflt available, Borr��r sha�� NEBRASKA-Sirrgl��amily-�annie Ma�lFreddie Mac UNt�aRM tNSTRIJM�NT �orm 302$1 J01 VMP[a] VMPE4N��t73D2y Wo�ters Kluwer�inancial S�r�ic�s Page 8 vf 17