201503882 - Laserfiche WebLink

Browse

. ��15�3SS� cansent sha11 not be unr�a�anably withheld, or un�ess ext�nuating circumstances�xist which are beyond Borrower's cantrol. 7. Preservation, Ma�intenance and Pr�te�tion of the Property; Inspections. Barrower shall na� destroy, damage or impair the Property, allnw the Progerty to deteriorate�r commit waste�n �he Propert�. �hether or not Barrower is residing in the Property, Barrflwer shal� main�ain the Pr�perty in order to pre��nt the Pr�perty from deteriarating or decreasing in�alue due to its cnnd��ian. Un�ess�t�s det�rmined pursuant to Section 5 that repair or restorativn is not econ�rrucally feasible, �orrawer shall promptly repair t.he Prop�rty if damaged t� a��id further deter�oration or damage. If insurance or cond�mnation praceeds are paid in cannectian with damage to, or the taking of, the Proper�y, Barrower shall be respansible for repairing �r restoring the Pr�perty only if Lender has released proceeds far such purposes. Lend�r m�y disburse proceeds for the repairs and re�tora�ian in a singie paym�nf or in a series of pragr�ss paym�nts as the wvrk is comp�eted. If�he insurance or eondemnat�on pr�ceeds are not sufficient to r�pair or restore�e Property, Borrower is nat relie�ed�f Borrower's obligati�n far the campletion of such r�pair �r restaration. Lender vr its agent may make reasonab�e entries upan and�n�p�ctiflns of the Prvp�rty. If it has reasonahle cause, Lender may inspeGt the in�erior of the impravements on the Property. Lender shall gi�e Borrow�r notice at the time of�r prior to such an interi�r inspect�on specifying such r�as�na�l� cause. 8. Barrower's Loan Appli�ativn. Barrower sha�� be in defauit if, during the Laan app�i�atian process, Borrower or any persons or entities acting at the direction of Bnrrvwer or with B�rr�wer's knowl�dge�r�ons�n�ga�e materia.�ly fals�, misleading, or inaccurate infarmation or sta�ements ta Lender �nr failed to pra�ide Lender wxth mat�ri�l informatian} in connecti�n with the Loan. Material representations in�lud�, but are not limited to, representations concerning Borrower'S occupancy of the Praperty as Borro�ver's principal residence. �. Pratection af Lender's Interest in the Praperty and Rights Under this Security In�trument. If�a} B�rrower fails to perform th� ca�enants and agreements contain�d in this Security Instrum�nt, �b} there is a Iegal proce�ding that might sign�f�cant�y affect L�nder's interest in the Property andl�r rights und�r this 5e.�urity Instrum�nt tsuch as a proceeding�n barikruptcy, prflbate, for candemnation�r f�rfeiture, for enfarcem�nt of a lien which may attain pri�rity aver this Securi�y �nstrument �r tv enfvr�e laws or regulations}, or �c} Borrovver has abandon�d the Property, then Lender may do and pay for whatever is reasflnable or appropriate to pratect Lender's interes�in the Property and rights under this Security�nstrument, in�luding pr�t�ct�ng andlor assess�ng the�alue of the Property, and securing andl�r repav.-ing the Pr�perty. Lender's actions can include, but are not limited to: �a}paying any surns secured by a lien which has priority o�er this Security Instrument; �b} appearing in court; and(c}paying reasonable att�rneys' fe�s to protect its interest in the Property andlvr rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Se.�uring the Pr�perty includ�s, but is not limited to, entering the Property�fl make repairs, change locks, replace or board up doflrs and windows, drain water fr�m pipes, eliminate huilding or other cvde�iv�ations or dangerous cvnditi�ns, and ha�e uti�ities�urn�d an or off. A�though L�nd�r may take acti�n under this Sectivn 9, Lender d�es not ha�e to do so and is nat under any duty or obliga��on to do so. It is agre�d that Lender incurs no liahility for nvt taking any or all a�tions authorized under this Section�. Any amounts disbursed by Lender under this 5ectian 9 shall become additional debt of Borrower secured b�this Security Instrument. These amounts sha11 bear interest at the N�te rate fr�m the date of disbursement and shall be payable, with such interest, upan nntice from Lender to B�rrower r�questang payment. If this Security Instrument is an a leasehold, Bvrrower shail comply with a�l the pro�isior�s of �h� �ease. Borrawer sha��not surrender the l�asehold estate and interests her�in con�eyed ar terminate or cancel the ground lease. Borraw�r shall n�t, without the express written c�nsent of Lender, alter or amend the ground leas�. If Borrower ac�uires fee title �o the Property, �he leasehold and the fee title shal� not merg� unless Lender agrees to the merger in writing. 14. Mor�gage Insurance. If L�nder r�quired Mflrtga�e Insurance as a condit�on af making the Loan,B�rrvwer sha11 pay the premiums required t� maintain the Mortgage Insurance in effect. If, for any reason, the Martgage Insurance c��erage required by Lender ceases to be a�ailahle fram�h�mortgage insurer that pre�iously pro�ided such insurance and Borrawer was required to make separate�y designated payments toward th� premiums for Mvrtgage Insuranc�, Barrower shall pay the pr�miums requir�d to obtain co�erage substantia�ly equi�alent to the Mortgag� NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFQRM INSTR�MENT- MERS DocA►�aglc Fprm 3�28 �1D 1 Page 7 0� 15 www.dacmagr�,com