201108846 - Laserfiche WebLink

Browse

201108846 purposes.Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed.If the insurance or condemnation proceeds are not sufficient to repair or restore the Property,Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Properiy.If it has reasonable cause,Lender may inspect the interior of the improvements on the Property.Lender shall give Borrower notice at the fime of or prior to such an interior inspection specifying such reasonable cause. 8.Borrower's Laan Applieation.Bonower shall be in default if,during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower ar with Borrower's knowtedge or consent gave materially false,misleading,or inaccurate information or statements to Lender(or failed to provide Lender with material information)in connection with the Loan. Material representations include,but are not limited to,representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's interest in the Property and Rights Under this Security lnstrument. If(a)Borrower fails to perform the covenants and agreements contained in this Security Instrument,(b)there is a legal proceeding that might significa.ntly affect Lender's interest in the Property and/ar rights under this 5ecurity Instrument(such as a proceeding in bankruptcy,probate,for condemnation or farfeiture, for enforcement of a lien which may attain prionty over this 5ecurity Instrument or to enforce laws or regulations),or(c)Borrower has abandoned the Property,then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument,including protecting andlor assessing the value of the Property,and securing and/ar repairing the Property.Lender's acdons can include,but are not limited to: (a)paying any sums secured by a lien which has priority over this Security Instrument;(b)appea.ring in court;and(c)paying reasonable attorneys'fees to protect its interest in the Properly and/or rights under this Security Instrument,including its secured position in a bankruptcy proceeding.Securing the Property includes,but is not limited to, entering the Property to make repairs,change locks,replace or board up doors and windows,drain water from pipcs,eliminate building or other code violations or dangerous conditions,and have ulilities turned on or off.Although Lender may take action under this Section 9,Lender does not have to do so and is not under any duty or obligalion to do so,It is agreed that Lender incurs no liability far nat taking any or all actions authorized under this Secrion 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument.These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable,with such interest,upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold,Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property,the leasehold and the fee title sha11 not merge unless Lender agrees to the merger in writing. 10. Mortgage Insuranee.If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to ma,intain the Mortgage Insurance in effect,If,for any reason, i the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Barrower was require�to make separately designated � HCFG-00359 N EBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT �orm 3028 7/01 VMP� 08711 Wolters Kluwer Financial Services 201111154.0.0.0.4002-J20110624Y Page 8 of 17 � '19074 711 6' . I I