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201608413
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Last modified
7/28/2017 1:08:20 PM
Creation date
12/16/2016 9:03:51 AM
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DEEDS
Inst Number
201608413
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2� 1 ��8413 <br /> for the repairs and rest�ratian in a s�ngie payment ar in a series of pragress payments as the work�s <br /> c�mpleted, If the insuran��or�ond�mnation praceeds are not suff�cient to r�pair�r r�store the Property, <br /> Borrower is not re��e�ed af Barrower's�bligatian far the�ompleti�n of such repa�r ar r�storation. <br /> Lender ar��s agen�may mak�reasonab��entr��s upon and inspectzons of�he Proper�y. If it has reasonab�e <br /> cause, Lender may inspect�he�nter�or af the�m�ra�emen�s on the Property. Lender shall give Borravver <br /> notz�e at the�ime�f ar prior ta such an interiar�n�pectzan sp�cifying such reasonable cause. <br /> 8. S�rroi►ver's Loan Application. B�rr�w�r shai� be in defau�� if, during the L�an applicatian pro�ess, <br /> Borrav�er or any p�rsans�r entities a�ting at the dire�tzon af Borr�wer�r with Barrower's knawledge ar <br /> consen�gave materiaily fa�se, m�.�sl�ad�ng, or�nacCurat�informa�ion or statements to I�nder�ar fa�led to <br /> pr�vide Lender with materia� infarmatzon} in conn�ctzon wi�h the Loan. Mater�al repres�ntati�ns inc�ude, �ut <br /> are not limited to, represen�a�ians concerning Barrower's occupancy of�he Proper�y as Borrower's principal <br /> r�s�dence. <br /> 9. Prote�tion of Lend�r's lnter�st in the Prvperty and Rights Under th�s Security �nstrument. If�a} <br /> B�rrower fails��perform�he covenants and a�reements con�ained in this Secur�ty �nstrumen�, �b} ther�is a <br /> �ega� prnceed�ng�hat migh�sign�f�cantl� affec� Lender's znterest in the Praperty an.dlor r�gh�s under this <br /> Secur�ty �ns�rument�such as a proceeding in bankruptcy, probate, f�r��nd�mr�ation�r f�rfei�ure, for <br /> enforc�m�nt of a���n wh�ch may atta�n pr��rit�av�r th�s Secur�ty �ns�rument or to enforce�aws or <br /> r�gulations}, �r�c}Borrower has abandoned the Praperty, �hen L�nder may dn and pay for wha�ever is <br /> r�asonab�e ar appropriate to pr�tect Lend�r's �n�eres� in the Praperty and r�ght�under th�s Securit� <br /> �nstrurnen�, �ne�uding pro�ecting andlor ass�ss�ng the value of the Property, ar�d securzn� andlor repairing <br /> the Prapert�r. Lender's actions can include, bu�are n�t��mi�ed t�: �a}�aying any su�ms secur�d by a��en <br /> �vhich ha�priority av�r�h�s ���urity �nstrumen�; �b} app�ar�ng in c�ur�; and�c}pa�ing reasonabl�a�torneys' <br /> fees to protect its inter�st in th�Pr�per�y an�lar r�ghts under th�s Security �nstrument, including its secur�d <br /> position in a bankruptcy praceed�ng. Secur�ng�he Proper�y includes, but �s not ximit�d to, entering the <br /> Prop�r�� �o make repairs, change l�cks, rep�ace ar boar�up do�rs and w�ndows, drain water from pipes, <br /> e�im�na�e building or other code�io�at�ons or danger�us cond�tion�, and have utilzt�es turned on or off. <br /> A��hough Lender may take action under this Sec�ian 9, L�nd�r does no�have to da so and �s not under any <br /> du�y�r ab�igation�o c�o so. �t is agreed that Lender incurs no l�ab��ity for n��taking any or al� actions <br /> au�h�rized under th�s Sec���n 9. <br /> Any amoun�s disbursed by Lender und�r�h�s Sec�ion 9 sha��become addi�ional debt�f BorraVver secured by <br /> �h�s Secur��y �nstrumen�. These amaunts sha�� bear interest a�the Note rate fram the date of d�sbursemen� <br /> and sha�� be payab��, u�i�h su�h int�rest, up�n nati�e fram Lender to Barrower requesting paym.ent. <br /> �f�his Security Instrument�s on a l�as�hold, Borraw�r sha��comp�y v�v��h a�l the provision�of the Iease. �f <br /> Borrau�er acquires fee�i�ie to the Pr�per�y, the�easehal�.and the fee t���e shal� not merge unle�s Lender <br /> a�rees to�he merger in writing. <br /> '1�. �IJ�artga�e Insuran�e. �f Lender required Mor�gage Insurance as a�ondition of making the L�an, Borr�wer <br /> shal�pay�he pr�rn.ium.s requir�d to maintain the Mor�gage Insurance in eff�c�. �f, f�r any r�asan, the <br /> Mor�gage Insuran�e�a�erage requ�r�d by Lender Cea��s ta be avai�ab�e fr�n1�h�m�r�gag��nsurer tha� <br /> prev�ous�y pra���.ed such �nsuranc�and B�rrower vvas required to make separately d�signa�ed pa�ments <br /> tovward�he pr�nuunzs for M�rtgag� Insurance, Borrower sha11 pay the premiums required ta abta�n coverage <br /> substantially e�uiva�en�tn th�Mortgag�Insurance previous�y in effect, a�a cost suhstan�ial�y equi�a�ent t� <br /> the cas��o Borrov�er af�he N�o�gage�nsurance pre�iously �n effec�, from an alterna�e mar�gage insur�r <br /> selected by Lender. If substantzal�y equ�valen�Ma�gag�In�urance co�era�e�s not a�ailable, Barrawer sha�� <br /> N�BRASKA-SingI��amiiy-�anr�ie MaelFreddie Mac UN�FDRM INSTRUMENT Form 3D28�I�7 <br /> VMP� VMPfi�NE1 t1302� <br /> W01t�r5 Kluw�r Frn�rlCi�l SBrVi��S Pag�$a'��7 <br />
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