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201109471
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201109471
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Last modified
3/7/2012 11:19:07 AM
Creation date
12/19/2011 11:04:07 AM
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DEEDS
Inst Number
201109471
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201109471 <br /> for the repairs and restoration in a single payment or in a series of progress payinents as the worlc is <br /> completed. If the insu�ance or condesruiatio�z proceeds are not suffoient to repair or restore t11e Property, <br /> Borrower is not relieved of Borrower's obligation for the coinpletion of such repair or restoration, <br /> Lender or its agent m�y malce i•easonable entries upon and inspections of tha Property. If it has reasonable <br /> cause, Lender inay inspect the intei•ior of the improvelilents on the Property. Lender shall give Borrower <br /> ' notice at the tiine of or prior to such aii interior inspectioiz specii'ying stich reasonable cluse. <br /> 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, <br /> Borrower or�ny persons or entities acting at the direction of Borrower or with Borrower's laiowledge or <br /> consent gave materially false, inisleading, or inaccurate information oi statements to Lender(or failed to <br /> provide Lender with material inforinatioi�) in coi2nection with the Loan. Material representations include, but <br /> are not limited to, representa�ions concerning Bot'rowar's occupancy o:f the Property as Bors•ower's principal <br /> residence, <br /> 9. Protection of Lender's lnterest in the Property and Rights Under fihis Security Instrument. If(a) <br /> Borrower fails to�erform the coven�Its and agreesnents�contained iu this Security Inst�uinent, (b)there is a <br /> legal proceeding tha�might significantly affect Lender's intei•est in the Property and/or rights under this <br /> Security Instrument(such as a proceeding in b�nlc�•uptcy, probate, for condeimlation or forfeitui�e, for <br /> enforcement of a lien whieh inay attain priority over tihis Security Iizstrument or to enforce laws or <br /> regulations), or (c)Borrower has abandoned the Property, then Lender inay do and pay for whatever is <br /> reasonaUle or appropriate to�roteci Lender's interest in the Property and rightis uiider this Security <br /> Tnstruinent, including protecting ancUor assessing the v�lue of tihe Property, and secaring and/or repairing <br /> the Property, Lender's actions can include, but are not limited to: (�)p�ying any suins secured by� lien <br /> which has priority over ihis Security Irzstruinent; (�) appearing in court; asid(c)pa�iiig reasonable attorneys' <br /> fees to protect its interest in the Property and/or rights under this Security Instruinent, inchid'uag its secured <br /> position in a bas�lcruptey�roceeding. Securing the Pro�erty includes, but is not limited to, entering t11e <br /> Property to malce repairs, cliange locics; repllce or board up doors ancl windows, drain water froin pipes, <br /> elimina�e building or otlier code violatioias or dangerous coriditions, a�1d have ntilities turned on or off <br /> Although Leiider inay talce action under t1�is Section 9, T�ender does not have to do so ancl is not under�ny <br /> duty or ol�ligation to do so. It is agreed t71aE Lender�i�curs iio 1i�bility for not talcing any or a11 actions <br /> autllorizecl under this Section 9. <br /> Any ainounts disbursecl by Lender uilder this Sectioii 9 s11a11 becoine additiion�l debt of Borrower secured vy <br /> this Security Instruinent, Tkese�tmounts shall Uear interest at the Note rate fi•om the date of disburselnent <br /> ancl shall Ue payaUle, wi�h such interest, u�on notice fioin Lender to Borrowoi requesting payulent. <br /> IF tlus Security Instrument is on a leasehold, Borrower sliall comply witli�11 the provisions of tlie lease. If <br /> Borrower lcquires fee title to the Property, tlie leasehold aiid the fee title shall not merge unless T.,encler <br /> agrees to the merger in writing. <br /> 10. M ortgage Insurance. TF Lender requirecl Mortgage Insurance as� condition of malcing the Lo�n, Borrower <br /> shall pay the proiniums reqizired to maii7tain the Mortgage Instirulce in efFect. Tf, for auy reason, the <br /> Mortg�ge Tnsurance coverage required Uy Lender ceases to be available from the mortgaga ii7sur•er that <br /> previously provided such insurance aiid Borrower was�equired to inalce separalely designated paynients <br /> toward tlie premiums For Mortgage I�lsuraiice, Borrower shall�ay the premiums i•equired to obtain coverage <br /> suUstantially equiv�lent to the Mortg�ge Insurance previously in efI'ect, at a cost suUstanti�lly equivalent to <br /> the cost to Borrower of tl�e Mortg�ge Insurinca previously in effect, fi•oin an alternate mortgage insurer <br /> selected by Lender. If substantially equivaleni Mor�gage Insurance coverage is not available, Borrower sha11 <br /> 231235 <br /> NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br /> VM P O VM P6(NE)(1105) <br /> Wolters Kluwer Financial Services Page 8 of 17 <br />
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