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20�200i5� <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 aze not sufficient to repair or restore the Property, <br />Borrower is not relieved of Borrower's obligation for the complerion 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 entiries acting at the direction of Bonower or with Bonower's knowledge or <br />consent gave materially false, misleading, or inaccurate informa.tion or statements to Lender (or failed to <br />provide Lender with material information) in conn�tion with the Loan. Material representations include, but <br />are not limited to, representations concerning Borrower's occupancy of the Property as Bonower's principal <br />residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) <br />Borrower fails to perform the covenants and agreements contained in this Se,curity Instrument, (b) there is a <br />legal proceeding that might significantly affeet Lender's interest in the Property and/or rights under this <br />Security Instrument (such as a proceeding in banl�uptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which 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 prot�t Lender's interest in the Properly and rights under this Security <br />Instrwnent, including protecting andlor assessing the value of the Progerty, and securing and/or repairing <br />the Froperty. Lender's actioffi can include, but are not limited to: (a) paying any sums secured by a Iien <br />which has pr�ority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />fe� ta protect its iIIteres� in the Prop�rty and/or rights under this Se,curity IBStrument, including its seeured <br />position in a banlavgtcp groceed.iag. Securing the Property includes, but is aot limited to, entering the <br />Property to make repa:irs, chaage locks, reptace or boazd up doors and windows, drain water from pipes, <br />eIiminate building or other code violations or dangerous conditions, and have utilities turned on or off. <br />Although �.ender may take action under ttris Secrion 9, Lender does 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 talang any or all actions <br />authorized zmder this S�ti.on 9. <br />Any amouuts disbt�rsed by L,ender under this Secrion 9 shall b�ome additionaI debt of Borrower secured by <br />this 3ecurity Instrument. These amounts shall bear 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 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 />agr�s to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condirion of making the Loan, Borrower <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 moRgage insurer that <br />previously provided such insurance and Borrower 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 eff�t, from an alternate mortgage insurer <br />sel�ted by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Bonower shall <br />NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORM �NSTRUMENT Form 3028 1/O7 <br />VMP � VMPB(NE) (t 105) <br />Wolters Kluwer Financlal Servfces Page 8 of 17 <br />