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201503646
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Last modified
7/21/2017 2:35:44 AM
Creation date
6/3/2015 2:11:10 PM
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DEEDS
Inst Number
201503646
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• 201503646 <br /> for tha repais•s and restoration in a single payment or in a series of progress payinents as the work is <br /> coinpleted. Tf the insurance or condeinnation proceeds are not sufficient to repair or restore the Property, <br /> Borrower is not re[ieved of Barrower's obligation for tha coinpletion of such repair or restoFation. <br /> Lender or its agent may inalce reasonaUle entries upon and inspections of the Praperty. If it has reasonahle <br /> cause, I.ender inay inspect the interior of the improvements on the Proparty. Lender shall give Borror�ver <br /> notice at tlie time of or grior to sUch an intez•ior inspection specifying such reasanable cause. <br /> 8. Borrower's �oan Applieation. Borrower shall be in default if, during the Loan application process, <br /> Borrower or any persons or entities acting At tha direction of Bo�•rower or witli Borrower's lrnowledge ar <br /> consent gave materzally false, misleading, or inaccurate information or statements to Lender (or failed ta <br /> provide Lender with material inforination)in cozanection with the Loan. Material rep�'esentations include, but <br /> are not lijnited to, representafions concerning Borrower's occupancy of the Property as Borrower's principal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this SecuriEy Ins#rument. If(a) <br /> Borrower fails ta perform the covenants and agreements contained in this Security Instrwnent, (b}there is � <br /> legal proceeding that might significantly affect Lender's interesl in khe Property an.d/or rights under this <br /> Securily Instruinent(such as a proceeding in bankruptcy, probake, for condemnation or forfeituz'e, for <br /> enforceinent of a lien which may att�in priority over this Security Instruineizt or to enforce laws or <br /> regulations}, or (c)Borrower has abandoned fhe Property, then Lender inay do and pay for wlzatever is <br /> reasonable or appropriate to pratect Lender's interest in the Property and rigltts under this Sacuz'ity <br /> Instruinent, including protecting and/or assessing the�a1ue of the Properry, and securing and/or repairin� <br /> the Property. Lender's actions c�n include, but are not limited to: {a)paying any sunas secured by a lien <br /> which has prioriCy over this Security Instrunient; (b) appearing in enurt; and(c}paying reasonaUle attorneys' <br /> Fees to protect its interest ii1 the Properry and/ar rights under this Security InstrumenC, including its secured <br /> position in a 6a��•uptcy proceeding. Sec�tring the Property includes, but is not liznited to, entering the <br /> Property to malce repairs, cliange loc�s, replace or hoard up doors at�d windows, drain water frotn pipes, <br /> eliininate building or otlier code violations or dangerous conciitions, and have utilities furncd on or off. <br /> Although Lender inay take action under this Section 9, Lender does not have to do so and is not under any <br /> duty or oUligation to do so. It is a�reed that Lender inc�rrs no liaUility for not talcing any or a11 actioiis <br /> authorized under this Section 9, <br /> Any ainounts disbursed by Lender under this Section 9 shall becoine additional debt of Borrower seciu-ed by <br /> this Sec�Erity Inst�uinent. Tltese�znouiits shall bear interest at the Note rate from the data of disbursement <br /> and shall be pay�ble, wiEh such interest, upon notice frotn Lender to Borrower requasting payment. <br /> Tf this Security Instru�nent is on a leaseholcl, Borrower shall comply with all thc provisions of the lease. If <br /> Borrower acquires fee Citle to the Property, the leasehold and the fee title slaall not inerge unless Lender <br /> agrees ta the inerger in writing, <br /> 10. M ortgage Insurance. If Lender required Mortgage Insurance as a condition of malcing the Loan, Barrower <br /> shall pay the preiniuins required to maintain the Mortgage Insurance in effect. If, for any reason, the <br /> Morlgage Insurance co�erage x'equirecl hy Lei�der ceases to bE avaiIaUle froin the morLgaga insuxer that <br /> previously provided such iilsurance and Barrower was xequired to inake separately designated payinents <br /> toward the preiniums for Mortgage Insurance, Borrower shall pay the prernivaxas rec�uired to obtain coverage <br /> subslantially squivalent to the Moxtgage Insurance previously in effect, flt a cost substantially equivalent to <br /> the cos�to Borrower of the Mortgage Insurance previously in effect, froin an alternate mortgage insurer <br /> selected by Lender. If substantially equi�alent Mortg�►ge Insurance caverage is not available, Borrower sha11 <br /> 900352Q70749 <br /> NEBRASKA-SingleFamily-FannieMaelF�eddleMacUNIFORM INSTRUMEN7 Form30281101 <br /> VM P� VMPB(NE){1302) <br /> Wolters Kluwer Financial Services Page 8 oF 17 <br />
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