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201200375
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1/17/2012 8:52:02 AM
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1/17/2012 8:52:01 AM
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DEEDS
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201200375
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24�2UO3�v <br />for the repairs and restorarion 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 Property, <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 Borrower <br />norice at the time of or prior to such an interior inspection specifying such reasonable cause. <br />8. Borrower's Loan Application. Bonower sha11 be in default if, during the Loan applicarion process, <br />Bortower or any persons or entities acting at the direction of Borrower 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 information) in conn�tion with the Loan. Material representations include, but <br />aze not limited to, representarions concerning Bonower'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 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 banlmiptcy, 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) Bonower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to protect Lender's interest in the Properly and rights under this Security <br />Inshvme�t, including prot�ting and/or assessing the value of the Property, and s�uring and/or repairing <br />the Property. Leader's actioas can include, but are not limited to: (a} paying any sums secured by a lien <br />which Iias priQrity over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />fees to protect its i�tere.st in the Fraperty andlor rights under this Se�urity Instrament, including its secured <br />posirion in a ban�xptcy praceeding. Securing the Property includes, but is not limited to, entering the <br />Properiy to make rep�rs, cbange Iocks, replace or board up doors azid windows, drain water from pipes, <br />eliminate building or other code violarions or dangerous conditions, and have utilities tumed on or off. <br />Although I,ender may take acrion under this Section 9, Lender daes not have to do so and is not under any <br />duty or obligarion to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized vnder this Section 9. <br />Any amouucs disbursed by Lender under this Section 9 shalI become additional debt of Borrower secured by <br />this Secutity Instrument. These amounts shall bear 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 S�urity Instrument is on a leasehold, Bonower shall comply with all the provisions of the lease. If <br />Borrower 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 />'i 0. 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 eff�t. 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 />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-Fannte Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP6(NE) (1105) <br />Waiters Kluwer Financial Services Page 8 of 17 <br />
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