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201106884
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201106884
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9/19/2011 8:47:30 AM
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9/19/2011 8:47:29 AM
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DEEDS
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201106884
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201�06884 <br />for the repairs and restoration in a single payment or in a series of progress payments as the work is <br />completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Properly, <br />Bonower is not relieved of Borrower's obligation for the 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 Bonower <br />norice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, <br />Bonower or any persons or entities acting at the direction of Bonower or with Bonower's lmowledge or <br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide Lender with material informarion) in connecrion with the Loan. Material representations include, but <br />are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) <br />Bonower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this <br />Security Instrument (such as a proceeding in bankruptcy, probate, for conde�ation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or <br />regula�ions), or (c) �rrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to prot�t Lender's interest in the Property and rights under this Security <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Lender's aetioffi can include, but are not limited to: (a) gaying any sums secured by a lien <br />whic� has griority over this Security Instrunient; (b) agpearing in couit; aac� (c) paying reasonable attorneys' <br />f�s to protect its interes� in the Pro�rerty arcdlor rights under this Security Instrument, including its secured <br />position itt a ba�t�tgtcy proceec�ing. S�cusiccg the Property iacludes, birt is not limited to, entering the <br />Property to rs�ake rega,irs, change locks, replace or board up doors and windows, drain water from pipes, <br />eliminate buitc�g or vtfier code violal:ions or �gerous condirions, and have utiliries turned on or off. <br />AI�lOII�I LBFt�T IItc'ty t21CC 1Ct10II 11BC�Ef LYILS SeC[lOII 9 Lender dnes not have to do so and is not under any <br />duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Secrion 9. <br />Any amo�nts disbursed by Lender under this Section 9 skall beco� additional debt of Borrower secured by <br />this �curity Instrument. These amounts shall b�r interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon norice 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 />Bonower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condirion of making the Loan, Bonower <br />shall pay the premiums required to maintain the Mortgage Insurance in effe,ct. If, for any reason, the <br />Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Borrower was required to make separately designated payments <br />towazd the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage <br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to <br />the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer <br />selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddfe Mac UNIFORM INSTRUMENT Forrn 3028 1/01 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financial Services Page 8 of 17 <br />
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