Laserfiche WebLink
2oioocoo2 <br />writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are <br />beyond Borrower's control. <br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not <br />destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether <br />or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property <br />from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that <br />repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid <br />further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or <br />the taking of, the Property, Borrower shall be responsible for repairing ar restoring the Property only if Lender has <br />released proceeds for such purposes. Lender may disburse proceeds far 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 condemnation proceeds <br />are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the <br />completion of such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable <br />cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at <br />the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, <br />Borrower ar any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent <br />gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender <br />with material information) in connection with the Loan. Material representations include, but are not limited to, <br />representations concerning Borrower's occupancy of the Property as Borrower's principal residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If <br />(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal <br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security <br />lnstrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien <br />which may attain priority over this Security Instrument or to enforce laws ar regulations), or (c) Borrower has <br />abandoned the Property, then Lender may da and pay for whatever is reasonable or appropriate to protect Lender's <br />interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of <br />the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: <br />(a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and <br />(c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security <br />Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not <br />limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water <br />from pipes, eliminate building ar other Cade violations or dangerous conditions, and have utilities turned an or off. <br />Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or <br />obligation to 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 secured <br />by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and <br />shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If <br />Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the <br />merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Laan, <br />Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br />Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously <br />provided such insurance and Borrower was required to make separately designated payments toward the premiums <br />for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the <br />Nebraska Deed af'IYust-Single Family-Fannie Mae/Freddie Mac Uniform Instrument Form 3028 1101 <br />MERS Modified <br />The Compliance Source, Inc. Page 7 of 14 Modified by Compliance Source 14301NE 08/00 Rev. 04/08 <br />www.compliancesource.com X2000, The Complisnce Source, Inc. <br />I Illll lI I III "III VIII VIII VIII VIII VIII VIII VIII Ilill IIII II I III VIII IIIIII VIII III II I III I'll Il I Ill Illll IIII IIII <br />~+ 0 2 8 7 7 9 7 4 5 3+ O O A D+ 7+ 9 4~ <br />