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201407263
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201407263
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Last modified
7/20/2017 9:53:59 PM
Creation date
11/18/2014 10:09:34 AM
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DEEDS
Inst Number
201407263
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��14�7��3 <br /> for�he repairs and restoration�n a single payme�t or in.a ser�es of progress pa�rm.ents as the wark xs <br /> comp�eted. If the�n.surance Qr condemna�.on prQceeds are no�suffxc�.ent�o repair or res�ore the Property, <br /> Borrower�s not relieve�.af Barrov�er�s obliga�ion f�r��ie comp�etion of such repa�.r ar restora�ion. <br /> Lender or rts agent may make reasonable entries upon and ix�specti�ns of the Prop�rty. If it has reasflnab�.e <br /> cause, Lender may�nspect the interi�r of the impravements an the Prapert�r. Lender shal].gi.v�Borrower <br /> nat�ce at�he time of or pr�.Qr�� such an�nterior�nspectian specifyi.n.g suCh�eas�nable cause. <br /> 8. �o rr��r e r's Loa n �p p��cat i v n. Borr�wer sha11 b e�.n defaul.��.f, duri.ng the Laan appl�cation process, <br /> Borrower�r any persons or en�..�i.es actin.g at the c�.rec��on of Borrourer ar w�.th Barrower's know��dge or <br /> consent gave material�y fa�se, m�s�eadir�g, or inaccurate informatian or s�atemen�s�o Lender��r f�.i�ed ta <br /> provide Lender wzth rn.a�er�a1 xnfQrmati.on}�.n cannect�on with f.he LoarY. Mater�.a.�:represe�tations i�c�ud�, but <br /> are not��rnited.ta, represexx�at�.ax�s cox�eex-x�.�.ng B�rrQw�r'�occupar�ey of the Propez-�y as�3�rr�wer'�prir�ci�aal <br /> res�denee. <br /> 9. Protec�ion of Le�der's 1�terest rn the Prop��ty and R�ghts U nd�r this S�curity �nstrurne�at. If�a� <br /> Borrower fails�a perfarm�he covena:r�ts and agreements c��tained�n thi� Security Ir�strwnent, [b�th.ere is a <br /> �.ega�proceedirxg�h.a�migh�signif caxlt�y affec�L�nd�r's x��erest in the I'roperty axad.l or rxghts u�der this <br /> Secix���y Ins�rument�such as a proceed�ng ix�banl�ruptcy, probate, far condemnat�an or forfe�ture, for <br /> enfarcement flf a Iien tivhich rnay attain priority over this Seeurity Instrumen�ar�a enforce laws or <br /> regul�.tions�, or�c}Borrawer has abandoned the Prope�ty, then Lender may do and pay f�r whatever is <br /> reasonable or app�opriate to pr�tect Lender'�interes�in the Proper�y a.�d rights ux�.der this Security <br /> Ins-truznent, i�.c�udir�g protecti.r�g andlor assessing�he va�:ue of th:�I'ropex�y, and se�uririg ar�dlor repa�.r�.ng <br /> the Property. Lender's ac�ons can�n.cl.ude, but are n�t limited ta: (a�pay�rig axzy su.ms secured by a lien <br /> wh�ch ha:as priority o�rer�his Seeurity Instrunmen�; �b}appearing�n court; and���paying reasonable attorr�eys' <br /> fees to protect its interest in�he Property andlar rights under this Secur�.ty Ixa.s�rument, irncluding its secured <br /> p�si.t�.on i.r�a bax�kruptcy proceeding. Se�uring the Property�ncludes, but�s not��mi.ted�o, entering�ie <br /> Praperty�o ma�e repairs, ch�nnge�ocks, rep�ace�r��ard up doors ar�.d windows, drain wat�r�roni pi.pes, <br /> �1im�na�e bu��cl�ng or ather�ode vi�Iat�ons or d.a�gerous cond�tion�s, and have utxli.ties tu�ned on ar off. <br /> A�though Lender may take action ura.der t�ais Sectian 9, Lender does not have�o do so and�s not under ar�y <br /> duty or obligation ta do sa. It�s agreed that Lenc�er incurs na lzabxlxt�r for nat ta�ing any or all actian� <br /> authorizec�under�s Sec�on 9. <br /> Ariy amour�ts disbursed�y Lender under this Section 9 shall becanme additxonal d.ebt�f Borrower securec�by <br /> this Security Instru�-ne�it, These amounts s�.al.1 bear int�rest at the Note rate from�ie date of dxsbursement <br /> axld shall.be payabl�, with�uch interest, upan r�at�ce fram Lex�.der�o Borrower request�ng payment� <br /> If this Secur�ty Instr�.urient is an a Ieaseho�d, Borrower shal�comp�y w�,th a].I.the prov�sions of the�ease. If <br /> Forrawer acquires fee txtle�o�he Property, the Ieaseho].d and the fee t�t1e shall not merge�n:less Lender <br /> agrees ta�he merger�n vv���.n.g. <br /> '��. l�![[or���t�e �nsu�`��Ce. If Lender requir�d Moxtgage In�uxa�.c�as a cond�t�on of making the Loan, �orrourer <br /> sha1l pay the precxnxiuxa�s requ�:red ta mai-�tax.r�.th.e Ma�gage Insurance�.n effec�. If, for any reason, -�h� <br /> Mortgage Insuranc�cov�rage requi�ec�by I,end�r c�ases to�e avai�.ab�.e frox�.the mor�gage insurer that <br /> prev�.ously�rovided suc�insurance and Borrower was�-equired�o make separa�el.y des�gnated payments <br /> tflward�he premiums for Mortgage Insurance, Borrower sha1l pay�he premiun�required.to obtain c�v�rage <br /> subs�ar�tial�y equzva�.en��a�.h.e Mor�gage T�,surance prevxously in.eff'ect, at a cast substantially equivalent�o <br /> �he cos�to B�rraurer of the Mor�gage Insura.nce previous�y�n�ffect, �rorn an alterna�e mortgage�nsurer <br /> selected�by Lender. If substan�al.l.y equavaJ.ent Mortgage Insurance coverage is not ava�lable, B�rrower shall <br /> 2Q�047392 <br /> NEBF2ASKA-5ir�gfe Famify-Fanr�ie M aelFreddie M ac�Ni��RM 1NSTRLiM ENT Form 3D28'i 1D'1 <br /> VM P Q VM P6�NE}(�302} <br /> 1Nolters Kluw er Financial Services Page 8 af 1'l <br />
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