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200608504
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Last modified
9/22/2006 3:17:21 PM
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9/22/2006 3:17:19 PM
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DEEDS
Inst Number
200608504
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<br />200608504 <br /> <br />Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in <br />order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it <br />is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower <br />shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or <br />condemnation proceeds are paid in connection with damage to, or the taking of, the Property, <br />Borrower shall be responsible for repairing or restoring the Property only if lender has released <br />proceeds for such purposes. lender may disburse proceeds for the repairs and restoration in a single <br />payment or in a series of progress payments as the work is completed. If the insurance or <br />condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of <br />Borrower's obligation for the completion of such repair or restoration. <br /> <br />lender or its agent may make reasonable entries upon and inspections of the Property. If it has <br />reasonable cause, lender may inspect the interior of the improvements on the Property. lender shall <br />give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable <br />cause. <br /> <br />8. Borrower's Loan Application. Borrower shall be in default if, during the loan application <br />process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's <br />knowledge or consent gave materially false, misleading, or inaccurate information or statements to <br />lender(or failed to provide lender with material information) in connection with the loan. Material <br />representations include, but are not limited to, representations concerning Borrower's occupancy of <br />the Property as Borrower's principal residence. <br /> <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. <br />If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, <br />(b) there is a legal proceeding that might significantly affect lender's interest in the Property and/or <br />rights under this Security Instrument(such as a proceeding in bankruptcy, probate, for condemnation <br />or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to <br />enforce laws or regulations), or (c) Borrower has abandoned the Property, then lender may do and <br />pay for whatever is reasonable or appropriate to protect lender's interest in the Property and rights <br />under this Security Instrument, including protecting and/or assessing the value of the Property, and <br />securing and/or repairing the Property. lender's actions can include, but are not limited to: (a) <br />paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in <br />court; and (c) paying reasonable attorney's fees to protect its interest in the Property and/or rights <br />under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing <br />the Property includes, but is not limited to, entering the Property to make repairs, change locks, <br />replace or board up doors and windows, drain water from pipes, eliminate building or other code <br />violations or dangerous conditions, and have utilities turned on or off. Although lender may take <br />action under this Section 9, Lender does not have to do so and is not under any duty or obligation to <br />do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this <br />Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower <br />secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date <br />of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower <br />requesting payment. <br /> <br />3100158 <br /> <br />MERS ModlfllOd Form 3028 1/01 <br />(page 8 of 16 pages) <br /> <br /> <br />Iniliel.~~ <br /> <br />NEBRASKA-Single Fllmily-FANNIE MAElFREDDIE MAC UNIFORM INSTRUMENT <br />
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