201009078 - Laserfiche WebLink

Browse

Zoioo9o�s 9. Pro�teR.�#Ion o� Le�t�'� Iutex�st in the Property and Rights Und�r thi� Secnrlty Instivm�t. If (a) Borrower fails to �a � the � v � at�eCt� �s i�t in the P�rap� y aad/�or ri is a legal praceeding $h 8� Y this Security Instnnment (su�h as a proceeding in banlnuptcy, Probate. for cond�ation or forfciwre, for enforce�nt of a lien which may attaim priority aver this Secu�aty Inatnmoent or to enforce laws or regulati�ons), or (c) Borrower has abandaned the Propeity, tl� L.ender maY do and pay for whatever i:s rea�anable ar apprapriate to pmtect I.ender's interest in the Property and rights und�ar tius Security Instivment, including Pmtecting a�nd/or as�sessing the valt� of tlte Froperty, and se�trinS and/or repairing the Property. �''s actions can include, but are not lirmit� w: (a) PaYing anY su�ns secaxred by a lien which has p�riarity over this Security Instrumsnt; (b) app�arin8 in court. and (c) PaYing r�asonable attom�ys' fees W protect its interest in the Property and/or rights under this Security Instrument, inclr�din8 its ssecured positaon in a b�uiptc�' Pra�edin8• 5�8 ��'OP�Y i�clude;s, but is not limitted to, �nt�ring the property ro� r�ai.rs, c�anSe locks. rePl�e or board up doors and win�dows, drain water from pipcs, eliminate buitding or otb�r cade violation� or dangerou�s oonditions, a�d bave utilities turned on or off. Although L�ender may talae action under thia Section 9, L,eadcr d�r�es not have to do so and is not �der any duty or ohligation W do so. It is agnead that Le�der inaus x� liabi�ity far n�ot #abn�g any or all actions authorized imder this Section 9. Any amoimts disbursed by I.e,nder under this Sectian 9 sball became addidonal d�t of Barrower secured by this Sec�uity I�nt. These a�xwunts shall bear utterest at the Note rate from tbe date of disbursem�ent and shall bc payable, with attGh interest, upon natic� from �nder to Borrower requesCing � Security J�as�t is on a l�old, Horrower shall comply with all the pmvisions of th�e leasc. If Borrawer acquires fee ti.tle w tl� Property. the leaaehold and thc fe� title s6a11 not merge uNe.ss Lender agrees to tlic n�erg�r in wrii�. 10. Mortgage �nsaurance. If l.,ender requir�d M�rtgage Insurat�e as a aandition of malan� thts Loan, Horrovver s�aU, pay t1�e premiums raquired to maintain t� Martgage Ins�u�awce in effect. If, for any reason, the Mortgage In�urauace �verage required by Le�der ceases W be available fi� the mortgage insurer that A��Y P�vided such insurar�ce and Borrower was re;��uired W make separately designated PaY�� toward t�e pr�miums for Moxtgage Insuranoe, Borrpvver shall pay the pre�mums r�equired W obtain coverage sub�ly ec�uuvatent to tt� Mortgage Insuran�ce pr�iously in ei�ect, at a cost substautially cquivalern w the cost ta Horrnwer of the Mortgage Insuranes previously m effect. from an a�ternate mortgage inaurea selected by Len�d�r. If substffitially oquivalent Mortgagc Ins�uan�cc coverage is not available, Horrar+vcr shall oontinuee to paq to L�der the amount of the separately de�signated PaYt�nts thaT were due when tt�e in�ce coverage caesed to be in effect. Le�der will accept. use and retain these PaY�� as a�n-refundable loss reaeave iin, li� of Mortga$e Insurance. Surh loss reserve ahall be non�-refund,able, notwithstandiung th� fa�x that the Loan is ultimately paiid in full, and L,ex�der sha11� not be �4� � PaY Borrower any interest ar earnings on such loss re�erve. L,�nder can no longer require loss reserve paya�ents if Mortgage Insuranoe coverage (in the amount and for th�e period tbat L�ender requires) provided by an in�s�u�r selerxed by I.e�der again beoomes available, is obtained, and Le�der requdres aeparately designnted paynypnts tovirgrd the premiwns far Mortgage Insurance. If L,en�der req►�ired Mortgage tnsurance as a candition of malnng the Laan and Homower waa required to make sepac�atelY dasi�nated paymnents toward the prexniums for Mortgage I�nsuranoe. Harrower sball pay tlu� premiums reqttired to maintain Mortgage Ins�uance iY► effe�t, or W provide a non-rePundable ln�s raserve, until Lender's �t for Mortgage Insur�ce ea�ds in accoMance with anY writt� a�ee�t betwee� �°nO�' � L�nder pmviding for auch t�rminati�n or until ternaination is required by Applicable Law. Nothing in this Soction 10 affects Borrower's obligation to pay interest at the rate provided ia the Note. Mortgage Insu�ratue reim�burses I.�ndcr (or any entity Chat pun�a.aes thc Note) for certain losses it may iracur if Borrower cbes nut rcpay the LAan as agreed. Hormwer ia not a paxty to tlac Mortgag� Insu�rance. Mortgage insurers e�raluate their Wtal risk on all suGh inauranoe in forca from ti� to time, and may en�tea intn agrce�nts with other partie� that share or modify their risk� ar reduce lasses. These agzcements are on terms aad canditians tb�at at+e satisfactory w the mortgagc ins�u9cr and the other parcy (or parties) to th� a�ta. These agreen�ents may require the moRga$e ir�urex W m�loe pay�rts using any source of funds that the moRgage insurer msy have available (which may include fia�ds obta�ned fram Mortgage I�«surance premium�). � HEBRASKA - Single Family - F�x�M Mar/Fraddh Mec UNIFORM IN$7'RUMFM �-BINE) loe� u P.w s or t r, ir�d�r: h Porm 30?8 1/01 /��