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201200088
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1/5/2012 9:06:07 AM
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1/5/2012 9:06:06 AM
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DEEDS
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201200088
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20�2000�� <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 condemnarion proceeds are not sufficient to repair or restore the Property, <br />Bonower is not relieved of Borrower's obligarion 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 />notice 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 />Borrower or any persons or enriries acting at the direction of Borrower or with Borrower's knowledge or <br />consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to <br />provide Lender with material information) in connection with the Loan. Material representations include, but <br />are not limited to, representations concerning Bonower's occupancy of the Property as Bonower's principal <br />residence. <br />9. Protecfion 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 S�urity Instrument, (b) there is a <br />legal proce�ding that might significantly affect I.ender's interest in the Progerty and/or rights under this <br />Security Instrument (such as a pracceding in banl�uptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien wluch may attain priority over this Security Instrument or to enforce laws or <br />regulations), or (c} Borrower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to prote,ct Lender's interest in the Property and rights under this Security <br />incm�rr►�nt including protecting and/or assessing the vatue of the Property, and securing and/or repairing <br />the Properiy. �ncter's �ctions can include, but are not lunited to: (a) paying any sums secured by a lien <br />which has priority over this Se,cuurity Instrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />fee.s to prote.ct its inter�t in the Property and/or rights under this Se,curity Instrument, including its secured <br />�sition ia a� bankruptcy paa�eding. Securing the Froperty includes, but is not limited to, entering the <br />Property to make repairs, el�ange Iocks, replace or board up doors and windo�+s, drain water from pipes, <br />eliminate buildi�cg or other code violarions or dangerous condirions, and have utilities turned on or off. <br />Although Lender may take action under this S�tion 9, Lender dces 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 acrions <br />authoriz�d under this S�tion 9. <br />Any amounts disburse� by Leader under this S�tion 9 shall become addirional debt of Borrower se,cured by <br />this Secu.rity Instrumern. These amounts shall bea.r interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Bonower requesting payment. <br />If this Se,curity 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 />?0. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Bonower <br />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 <br />previously provided such insurance and Bonower was required to make separately designated payments <br />toward the premiums for Mortgage Insurance, Bonower shall pay the premiums required to obtain coverage <br />substanrially 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 substanrially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBRASKA-Single Fam(Iy-Fannie Mee/Freddie Mac UNIFORM INSTRUMENT <br />VMP p <br />Wolters Kluwar Financial Services <br />Form 3028 1 /01 <br />VMPBINE) (1105) <br />Page 8 of 17 <br />
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