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201408051
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Last modified
7/20/2017 10:22:00 PM
Creation date
12/23/2014 9:50:40 AM
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DEEDS
Inst Number
201408051
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��14�5�51 <br /> far the repairs and res�ora�ion in a sin��e payment or �n a seri�s of progress pa�rn�ents as �he work �s <br /> �ompleted. �f�he insurance or condemnation pro�e�ds are not sufficien�t�repair flr r�store th�Proper�y, <br /> Borrower�s no�rel�e��d of Borrow�r's obligation for the compie�ion of such r�pa�r ar res�ora�ion. <br /> Lender or its agent may make reasonable entri�s up�n and insp���ians of�he Praperty. �f it has reasonab�e <br /> cause, L�nder may inspec��he interior of�he impro��men�s on the Praper�y. Lender shall gi�e Borr�vWer <br /> nflt�c�at the time of or prior t� such an in�erior inspec�ion specify�ng such rea�ona�ble caus�. <br /> 8. Bnrrower's Laan Applicat��n. Borr�wer sha��be �n defaui� if, during the Loan app�ication proc�ss, <br /> B�rrovver ar an�persons ar en�ities acting a��he direc��on of Borraw�r or with Borr�wer's knowledge�r <br /> cons�n�ga�e mat�ria��y false, misleading, or inaccurate infornnat�an ar stat�m�nts�o Lender�ar faiied to <br /> pro�ide Lender wi�h mat�rial informa�i�n� in c�nnection vv��h the I.�oan. ,Material representa�ions include, but <br /> are not limited to, repres�ntations concerning Borrower's occupancy of the Proper�y as Borrower's principal <br /> reszdenc�. <br /> 9. Protection nf Lender's �nterest in the Property and Rights Under this Secur�ty lnstrument. If�a} <br /> Borrou�er faiis�o perform the���renants and agreements cflnta�ned�n�his Security Instrumen�, �b} there is a <br /> Iega�proc�eding that m�ght significantly affec�I.end�r's interest in t�.e Proper�y andlor r�gh�s under th�s <br /> 5ecur��y �nstrum�nt�such as a pr�ceeding in hankruptc�, proba�e, far condemnatiQn or forfeiture, f�r <br /> �nforcement of a lien which may a�tain prior�ty�ver�his Securi�y Ins�rument ar�a enforce�aws or <br /> regula�io�s}, ar�c}Borrower has abandon�d the Pr�per�y, �hen Lend�r may do and pay f�r whate�er is <br /> reasonabl�or appr�p�ria�e�a prote�t Lender's �nteres� in�he Proper��and rights under this S��uri�y <br /> Instrument, in�luding pr�tec���g andl�r assesszng�h�va�ue�f�he Pr�p�rty, and securing ar�dlor repairing <br /> th�Proper�y. Lend�r's act�ans�an include, but are n�t�imx�ed to: �a}paying any sums se�ured by a�ien <br /> which has prznrity n�er this Se�ur�ty Instrum�nt; (b} appearing in�our�; and�c}pay�ng reasonab�e at�orneys' <br /> fees ta prote�t��s in�eres��n the Pr�per�y andl�r rights under this S�curi�y ��s�rument, in��uding its secured <br /> pos�t�on�n a bankruptcy proceed�ng. Securing�he Praper�y �ncludes, but is no���mited to, �ntering the <br /> Prop�r�y to make repa�rs, change locks, replace or board up d�ars and windaws, drain wat�r fr�rn p�pes, <br /> eliminat�building or other cade violations or dangeraus cond�tions, and have ut�l�t�es�urned on or�ff. <br /> .�lthou�h L�nd�r may�ake actian under th�s Sect�on 9, Lender doe�no��a�e�o da so and is not under any <br /> duty or�bi�gation to da so. �t is a�reed that Lender�n�urs no 1�ability far nat taking any ar a11 act��ns <br /> author�zed und�r this Sec�ion 9. <br /> An�amoun�s disbursed b� I..�nder under�his Section 9 shal�become addi�i�na�deb�of B�rrow�r secured by <br /> this Securit� Instrumen�. These amounts sha�i bear interest at�h� Note rate from�he date of d�sburs�ment <br /> and sha��be payable, w�th such in�eres�, upan notice from I..�nd�r to Borrower requ�st�ng paymen�. <br /> �f�his Security �nstrumen��s on a��aseh��d, B�rrflwer shall comply wi�h all the pr�visions of th���a��. If <br /> Borrower acquires fee�i�Ie ta the Property, the�easeha�d and�he fee�itle shall nfl�merge unless L�nder <br /> agrees�o the merg�r in wri�ing. <br /> '14. Martgage lnsurance. If Lender requ�r�d Martgage Insurance as a�anditian of mak�ng the L,oan, Barrower <br /> sha�I pay the prem�ums required to maintain the Mortga�e Insuranc�in�ff�ct. �f, for any rea�on, the <br /> Mor�ga�e Insuran��co�erage requ�red�y L�nder ceases to be availabie fr�m th�mortga���nsur�r�ha� <br /> pr�viausl�pra�ided such insurance and Borrovver v�ras re�uired to make separat��y des�gnated pa�ments <br /> toward�he premiums for Mortgage�nsuran�e, Borrower shali�ay the premzums requzred to ob�azn co�erage <br /> su�stan�ialiy equi�alent to the Mar�gage�nsuranc�pre�iously in eff��t, at a cos�substantially�qui�a�ent to <br /> the cost to Barrower of the Martgage�nsurance prev��us�� �n�ffect, frorn an al�ernate mflrtgage insurer <br /> se�ected by Lender. �f substantial�y equ�va�en�Mortgage�nsurance coverage is no�a�ailab�e, Borr�wer shall <br /> NEBRASKA-Sir�gle�ami�y-�annie Mael�reddis Mac UNIFURM INSTRUM�NT Form 3028 71�1 <br /> VMP� VMPfitN�y��3�2y <br /> Wait�rS Kluwer�inancial Ser�ices Page 8 of 17 <br />
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