201701244 - Laserfiche WebLink

Browse

2� 17� 1244 Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasihle, Borrovver shall pramptly repair the Fraperty if damaged to a�oid further deterioration or damage. rf insurance or condemnation proceeds ar�paid in connection with damage to, or the taking of,the Property,Borrower sha11 be respflnsihle for repairing or restaring the Property❑nly if Lender has rel�ased praceeds for such purposes. Lender may disburse proceeds for the repairs and restaration in a single payment ar in a series of progress payments as the work is c�mpleted. If the insuran��r candemnation proceeds are nat sufficient to repair or restore the Praperty, Borrower is nat relieved of Barrower's obligation f�r the compietion af such repair�r restoratian. Lender ar its agent may ma.ke reasonable entr�es upon and inspections af the Praperty. If it has r�asanable cause, Lender may inspect the interior�f the impr��ements on the Froperty. Lender shall gi�e Barrower notice at the time of or priar to such an in�erinr inspectian s�ecifying such reasonab�e cause. 8. Borrower's Loan Appli�ation. Barrawer shall be in defau�t if, during the Loan application process, Borrower or any persons or entities acting at the direction �f Borrovver or�vith Borrovver's knowledge�r consent ga�e material�y fa�se, mi�l�ading, or inaccurate infarmation or statements to Lender�or failed to pro�ide Lender w�th material information} in connecti�n with�he Loan. Material representations include,but are nat l�mited to,representations concerr�ing Borrower's accupancy of the Property as B�rr�wer's principal residence. 9. Protection of Lend�r's Interest in the Praperty and R�ghts Under this Secur�ty Instru ment. If�a}Borr�wer fai ls to perform the c��enants and agreements contained in this Security Instrument, �b}there is a legal pr�ceeding that might significantly aff`ect Lender's interest in the Property andlor rights under this Security �nstrument�such as a praceeding in bankruptcy, prabate, far condemnation or forfeiture, for enfor�ement of a lien whi�h may attain priority o�er this Security Instrument or to enforc� laws or regulations}, �r�c� Borrower has abandoned the Property,then Lender may do and p�y far whate�er�s reasonable or appropriate tn protect Lender's interest in the Property and rights under this Security Instrument, including protecting andlor assessing the�alue of the Property, and securing andlor repairing the Property. Lender's actions can include,but are not limit�d to: (a}paying any sums secured�y a lien which has priority a�er this SeCurity Instrument; �b} appearing in court; and(c}paying reasonable att�rneys' fees to protect its interest in the Proper�y andl �r rights under this S�curity Instrument, including its secured posi�ian in a bankruptcy proceeding. Securing the Property includes, but is nat�imited ta, entering th�Property ta make repairs, chang� lo�ks, replace or board up doors and windaws, drain wa�er from pipes, e�iminate building or other code vi�lati�ns ar dangerous�onditions, and ha�e uti�ities turned an or off: Although Lender may take acti�n under this Sec�ion 9, Lender does not ha�e to do so and is not under any duty or obligation to da so. It is agreed that Lender incurs no liab�lity far not taking any or a��actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall became additiana�debt of Barrower secured by th�s Security�nstrument. These amaunts shal� bear interest at the Nate rate from the date of disl�ursement and shall be payable, w�th such interest, upon notice from Lender to Borrawer reQuesting payment. HCFG-00359 2294Q8317�11 NEBRASKA-Sing�e Family-Fannie MaelFreddie Mac UNIF�RM iNSTRUMENT Form 3028 1101 VM P� Q4115 Woiters Kluwer Financial Services 2Q17�21fi15.3.2.35D9-J20�51220Y Page S of 17 � �