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201501385
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Last modified
7/20/2017 11:01:53 PM
Creation date
3/9/2015 10:14:51 AM
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DEEDS
Inst Number
201501385
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��15�1355 <br /> for the repairs and res��rati�n in a single payment flr�n a ser�es of pragress payments as the wark�s <br /> completed. If the insuranc��r condemnatian proceeds are not suff�c�en�to repa�r or res�ore the Prflperty, <br /> Borrower�s not re�ieved nf Borrow�r's ob�iga�ion for the compie��on of such repair or res�ora��on. <br /> Lender or it�agen�may make reas�nab�e en�ri�s up�n and insp��tiQns of�he Proper��r. �f��has reas�nab�� <br /> cause, Lender may inspec�the interznr�f the�mprovements an�he Proper�y. Lender sha�� g�v�Borrow�r <br /> n�tice at the time of ar prior ta such an interiar inspection specifying such rea�anabie cause. <br /> 8. Barrawer'� Loan Applicati�n. Borrower shall b�in d�fault if, during the Loan application pracess, <br /> B�rr�wer ar any pers�ns�r entities a�ting at the d�re�tion of B�rrower or w�th Borro�ver's�n�w�edge or <br /> consen�gav�nlater�al�y fa�se, m.�slead�ng, or�naccurate informat�on flr s�a�emen��to Lender�ar failed t� <br /> pro��de Lender vvith material informati�n} in c�nnect�an with the Loan. Ma�erial representations include, but <br /> are not limi�ed to, representations concerning Borrower's occupancy�f the Prap�r�� as Borrower's principa� <br /> residence. <br /> 9. Prote�t�on af Lender's Int��est in the Property and Rights Under this Security �nstrument. If�a} <br /> Borrower fails �o perf�rrn the c�venants and agreements contained in this Security Ins�rumen�, �b} there is a <br /> Iega�proce�ding that might sign��cantly affect L��der's �nteres� in th� Prop�r�y andlar rights under this <br /> Securi�y Instrument�such as a pro�eed�n� in bankruptcy, probate, f�r c�ndemnati�n or forf�i�ure, fflr <br /> enforcement�f a Iien which may atta�n priority aver this Security �ns�rument or to enforce xaws or <br /> regu�a��ons}, Qr�c} Borrower has a�and�ned the Praperty, then L�nder may do and pay f�r whatever is <br /> reasonable or appr�pr�a�e ta protec�L�nd�r's in��rest in th�Proper�y and righ�s under this Se�uri�y <br /> In�trument, inc�uding pratect�ng andl�r ass�ssing�h�Walue�f the Proper�y, and�ecuring artdl�r repa�r�ng <br /> �he Prop�rty. Lender's actions can inciude, but ar�n��limited t�: �a}paying any sums se�ured by a�ien <br /> wh�ch ha�pr�ar��y a�er this S��uri�y�nstrumen�; �b}appearzng�n caur�; and �c}pa�r�ng reasanab�e at�orneys' <br /> fe�s�❑pr�tec���s�n��r�s� �n th�Proper�y andl�r rights under�his Se�urity �n�tru�nent, �ncluding i�s secur�d <br /> pasitian in a banl�rup�cy proc��d�ng. Securing the Property �ncludes, bu�is nat limited to, en�ering th� <br /> Property to mal�e repairs, change�ocks, replace ar baard up doars and u�indaws, dra�n wat�r from pipes, <br /> elirn�nate bui�ding or other code�io�ations or danger�us condit�ons, and have ut�liti�s turned an ar off. <br /> Althaugh Lender may take action under th�s S���ion 9, L�nder daes no�have�o do so and is na�under an� <br /> duty or vbl�ga�ion to do s�. I�is agreed that Lender incurs no ��abi���y far not�akzn� any or a�� ac�ions <br /> au�hor�2ed under th�s�ectz�n 9. <br /> Any amoun�s disbursed by L�nder under thi� S�c�ion� shall bec�me addi�ional debt of Borrnw�r secur�t�by <br /> �his S�curi�y Instrument. These am�un�s shall bear in�erest at�h�Nate rate from the dat��f d�sburse�ent <br /> and sha��be payab�e, with su�h in�erest, up�n not��e fr�m L�nder�a B�rrower request�n�payment. <br /> �f�hzs Securi�y �n��rument�� �n a�easeh��d, Borrawer sha��c�xnp��r vvi�h all the prov�sions of the Iease. �f <br /> B�rrower acquires fee�itle to �h� Propert�, the�easehold and the fee�i�le shall not merge uniess Lend�r <br /> agrees ta th�merger�n v�r�ting. <br /> '1�. �!l�ort�age Insurance. If Lender requir�d Mor�gage Insuranc�as a Condi�ion of malfing the L�an, Borrflwer <br /> sha��pay the premiums r�qu�red�a ma�n�ain the Mar�gage�nsurance�n effec�. �f, for any reason, �he <br /> N�or�gage�nsuran�e co�erage required by L�nder ceases tfl be a�ai�ab��from the mor�gage insurer that <br /> pre�iousiy pro�ided such insurance a�zd Borrower v�ras requir�d to make separat�ly designate�.pa�m�nts <br /> toward th�premiums for M�rtgage Insurat���, Barro�v�r shall pay�h�pr�miums required tn�bta�n coverage <br /> substant�a��y equiva�en�tn the Mor�gage�n�uran�e pre���us�y �n effec�, a�a c�st�ub��antza�ly equi�al�nt to <br /> th��os�to Borr�wer of the Mortgag��nsurance pr�v�ous�� in effect, from an a�t�rnate mar�gage insurer <br /> se�ected by Lender, �f substan.�ia��y�qu�valent Mortgage�nsurance eQverage i�nat a�ai�able, Borrower shall <br /> N�8RA5KA-Sing�e Famiiy-Fannie MaelFreddie Mac UNIFQRM lNSTRUMENT Forrr►3D�8�Ipl <br /> VMP[�] VMP64N�}t'�302f <br /> Walters K�uwer Finan�ia!5er�ices Page 8 vf 17 <br />
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