201502877 - Laserfiche WebLink

Browse

201502877 for the repairs and restoration in a single payinent or in a series oF progress payments as the woj•k is coinpleted. If ihe insurance or condernilatian proceeds are zlot sufficient to repair or restore the Pro�erty, Borxowex is not relieved of Borrower's obligation for the coinplekion of such repair or restoration. Lender or its agent m�y malce reasonable entries upon and inspections of tl�e Property. If it has reasonable cause, Lender inay inspect the iz�texzor of the itnprovements on the Property. Lender shall give Borrower notice at the time of or prior to such an intarior inspection specifying such reasonable cause. 8. Borrower's loan Applicat9on, Borrowar sha11 be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrowex or with Borrower's lcriowledge or cansent gave materially false, z�isleading, or inaccurate information or stateinents to Lender{or failed to provide Lei�der with inaterial information) in connectian with the Loan. MaYerial representations includa, but are not lztnited to, representations concerning Borrower's occupancy of the�xoperty as Borrower's principal residence. 9. Protect�on of l.encler's Interest in the Proper#y and RighEs Under this Security Instrwnent. Iif(a) Borrower fails to�er�'orin the covenants and agreements contained in this Security Instri.unenf, (�) tllere is a legal proceeding that might significantly afPect Lender's interest in the Prop�rty and/or a•ights titnder this �ecurity Tnstrument(such fls a proceeding in Uanktuptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attair�priority over this Security Instrument or to enforce laws or regulations), or(c}Borrowex has ahandoned the Property, then Lender may do and pay for whatever is reasonable or appropriaEe to protecE Land�r's interest in the Froperty and righfs under kl�is Security Instrument, including protec�ing andlor assessing the�a1ua of the Pro�erty, a��d securing and/or repairing the Property. Lender's actions can include, but are not Iimited to: (a)paying any swns secured by a lien wl�ich has priority over this Security Instruinent; (b} appearing in court; and(c)paying re�sonable attorneys' fees to protect iis interest in the I'roperty and/or rights under this Security Instrument, including its secured position in a bankruptcy p�•aceeding. Securing the Praperty includes, but is not liinited to, entering the Property to make repairs, change locks, replace ox board up doors and windows, drain water froin pipes, eliminate building or other code violations or dangerous canditio�s, and haue utilities turned on or off. Althougli L�nde�•inay ta�e action under this �ection 9, L,ender does not have to do so and is not under any duty or obligation to do so. It is agresd tliat I,ez�der inc�.u-s no liability for not taking any or all actions authorized under this Section 9. Any ainaunts disbursed by I�,ender under this Seclion 9 shall become additional debt of Borrower secured by this Security Instrlunent. Thesa unaunts sk�all bear interest at the Note rate from tlie date of disb4u'seanez�t and sha11 be payable, with such interest, upon notice from Le�ader to Borrower requesting paynrtent. IF this Security Ins�•urncnt is on a leasehold, Borrower shall cozx�ply with all ihe provisions of the iease. If Borrawer acyuires fee title to the Property, the leasehold aud the fee Citle sha11 not inexge ux�less Lender agrees to the merger in writing, 10. M ortgage Insuranee. If Lender required Mortgage 3nsurance as a condition of inaking the Loan, Borrower sha11 pay thc premiluns z'ec�u�z•ed to inaintain the Mortgage Insurance in eFfecti. If, for any reason, tl�e Mortgage Insurauce coverage required by Lender ceases to be available froin the inortgage insurer that previously pro�ided such instu•ance and Borrower was required to�nake separ�tely designated payinents toward the pre�niuins #'or Maz•tgage Insurance, Borrower shall pay the preiniwns required to obtain coverage substantially equivalent to the Martgage Insurance previously in erlect, at a cost suhstantially equivalent to the cost to Borrower af the Mortgage Insurance previously in effect, frorta au alternale mortgage insurer selected by Land�r. If substantially equivaFent Mortgage Insurance coverage is not available, Borrower shall zaoosssa NPBRASKA-Single Family-Fannie M aelFreddie Mac UMFORM INSTRUM ENT Form 3028 1101 VM P� VMp6(NE)(1302} 1Moltars Kluwer Flnanciai Servlces Page 8 of 17