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201507632
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Last modified
7/21/2017 1:42:34 PM
Creation date
11/5/2015 9:48:29 AM
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201507632
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2� 15�7�32 <br /> for the repa�rs and res�oratian in a sing�e payment or in a seri�s of progress paymen�s as the w�rk is <br /> �ampl�ted. �f th�insurance or c�ndemnation praceeds are nat sufficie�t�o repair or res�ore the Proper�y, <br /> Borrower�s nat relie�ed of Borrower's obligat�on far the��mp�etion af�u�h repair or res�aratian. <br /> L�nder or its agen�rnay make reasona���entries upon and �nsp�ct�ons of th� Prap�r��. �f it has reas�nable <br /> cause, Lend�r may inspect the znter�ar�f�he improvements on the Prop�rty. Lender sha�� g��e Barrawer <br /> n�tice a��he�ime of ar pr��r t��uCh an in��rior�nspection spec�fy�ng such reas�nable cause. <br /> 8. Bnrrower's Lvan Applicativn. B�rrower shall b�in defau�t�f, during�he Loan applica�ian proces�, <br /> Barrower or any person�or�nt��ies acting at the directzon af Borrower ar w�th Barrower's knowiedge or <br /> ��nsent ga�e mat�r�al�y false, m�s�eading, or inaccurat�inf�rmat�an�r statements��Lender�ar faii�d ta <br /> prov�d�L�n�e�vwi�h�xzater�a� �nformat�on} in conn�ct��n with�he Loan. Material representations include, bu� <br /> ar�n�t��mit�d tay repr�s�ntat�ons con�erning Borraw�r's occupancy of th�Pr�per�y as Barrawer's pr�ncipal <br /> residen�e. <br /> 9, Prvtection vf Lender's lnterest in the Prvperty and R�gnts Under thiS Security �nst�ument. Zf�a} <br /> Borrawer fa��s ta perform the Gavenants and agre�rnen�s contain��i in this Security Instrurnen�, �b} ther�zs a <br /> ��gal pr�c�ed�ng that migh�signi�cantly affect Lender's int�rest in�he Prop�rty andlor rzgh��under this <br /> Securi�y Ins�rumen� �such as a proceeding in bankrupt�y, p�obate, f�r cond�mnati�n or fnrfe�ture, fflr <br /> �nf�rcemen�of a��en whic�may attain priorit��ver th�s Secur�ty�nstrum.en�or�o�nf�rce�aws or <br /> regulatians}, �r�c}Barrower has abandflned the Praper�y, �hen Lender may d�and pay fQr whatever is <br /> reasonabi��r apprapr�ate�o pr�tect L�nder's interes��n the Property and rights und�r th�s S�curit� <br /> Instrumen�, �nclud�ng prote�t�ng andlar assessing the�ra�u�af the Property, and s�cur�ng andlor r�pairing <br /> �he Proper��. L�nd�r's actzons can�nclude, but are nat lim.��ed to: �a}paying any sums secured�y a�ien <br /> whic�has p�.or�ty��er�h�s Securz�y xnstrum�nt; �b} appearing in court; and�c}pa�ing reasonable att�rne�rs' <br /> fees to protec��ts ir�terest in the Property andlor rights under this Security Ins�rument, inc�ud�ng �ts secur�d <br /> position�n a bankrupt�y proc��d�ng. Secur�ng�he Pr�per�y includes, bu�is n�t limited to, en�er�ng the <br /> Proper����make repa�rs, �hange l�cks, replace or board up doors and w�ndows, drain water from pip�s, <br /> el�mina��huilding or other�ode violati�ns ar dangeraus cond�t�ons, and have utz�zt�es turned on or aff. <br /> A�though Lender may take actian under th�s Secti�n 9, Lender�ifles no�ha�e ta do so and�s not und�r ar�y <br /> duty or ob��gat��n to da sa. ��is agreed that Lender incurs na liabili�y for not�aking any or al� aC��ons <br /> authorized under th�s Sec�ion 9. <br /> Any amoun�s d�sburs�d by Lender under�his Sect��n 9 sha�� becflme addi�iona� deb�af Borrawer se�ured b� <br /> th�s Secur�ty Ir�strumen�. These amounts shal�bear�nteres�a�the No�e rate fraxn the da�e of disburs�ment <br /> ar�d sha��b��ayabi�, with such zn�erest, upon notice froxn L�nder ta Borrow�r requesting pa�ment. <br /> �f this Security �nstrurn�n�is on a leas��.��d, Borro�er shall comply with a���he provisions of the��ase. �f <br /> B�rrower acqu�r�s fee t�tl�t�th�Proper�y, �he 1ea�ehold an�the fee�it�e sha��not merge unless Lender <br /> agrees t�the merg�r�n wr���ng. <br /> 1�. M�rtgage �nsurance. �f L�nder r�quired Mor�gage�nsurance as a cond�t�on of mak�ng the Laan, Barrow�r <br /> sha��pay�h�premiums requzre�.to main�air��he M�rtgage�nsura�ac�in effect. �f, far any reason, �h� <br /> Mortgage �nsurance co�erage requ�red by Lender c�ases t�be avai�abl� from th�mor�gage �nsur�r tha� <br /> previousiy provid�d such�nsuranC�and Borrower was requ�re��o make separat��y des�gna�ed payxnents <br /> toward the premiums for Mar�gage�nsuran�e, Borrawer sha��pay th�prerniu�ns requ�red to�btain�o��rage <br /> subs�ant�al��r equiva�ent to the N�or��age Insuranc�pr�Wzous�y in effect, a�a c�s�subs�ant�a����qui�alent�� <br /> the c�st�o Borro�ver�f the Mor�gag�Insurance prevzous�y �n effect, fr�rn an a�t�rna��mortgage insurer <br /> seiected by Lender. If substantzal�y equivaler�t Mor�gage�nsuranct co�erage�s no�avai�ab�e, Borrower sha�I <br /> N�BRASI4A-5i�gl��amily-�anr►ie Mael�r�ddie Mac tJNIF�RM INSTRUMENT Farm 34�8�IQ"� <br /> VMP� VMPBtN�}{�3p2; <br /> Wvlters K�uwer�inancial Ser�ices Page 8 vf 17 <br />
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