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201200795
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Last modified
3/7/2012 11:24:24 AM
Creation date
2/1/2012 2:17:00 PM
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DEEDS
Inst Number
201200795
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201200795 <br /> for the repairs and restoration in a singlc pa}�vcnt or In n series of pirogress payn�ents as the work is <br /> completed. If the insurance or condenvillion piroceeds are�not sufFicient to rapair or restora the ProperYy, <br /> Borrower is not relieved of Borcower's obligation for the completiou of sLich repair or restoratiou. <br /> Lender or its ag�nt may mzke reaeonable en}��ies u�on and inspections of the Property. If it llas reasonable <br /> eause, Lender mt�y inspecC the interior of t1�e improvcmeuts on tl�c ProperCy. Lcnder sl�all give Borrower <br /> noCice at the time of or p�9or to s�ich an interior inepeotinn apecifying such reasonaUle cause. <br /> 8. BoYt'oweY'& Loan AppliCatfon. Borrower sha11 be in default if, dLiring the Loati applieaCion proaeae; <br /> Borrower ox any persons or enti'ties acting at the dieecLion oP Borrower or with Borrower'e Imowledge or <br /> consent gauE materially f�lye, mislcacling, or inaccueafe informaLion or stntements to Lender (or�failed to <br /> provi�ie Lendex with nzaterial informat�ion) in connect�ion with the Lo�u�. Material reprascntatione�incl�ide, 1�u1 <br /> are not limited Yo, rapresentations concer�ning Borrowcr's c�ccupaneq of the Properfy as Borrowex'a principal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Borrowor fails 4o perPorm the oovenants aud agreements contained in Chis Secwity InstrLw�ent, (U) tl�ere is a <br /> 1ega1 prooeeding that might sigirificautily affect Leuder's interest in the Proporty and/or righUs �uicier ihis <br /> Security Insh�ument(such as a proceeding in banler uptcy, probate, for oondemm�tioti or forfeitnre, for <br /> enf'orcemant of a lien which n�ay atkain priority c�ver Cliie Seomity I�ishlunent or to enforce laws or <br /> regtiilations), or (c)Rorrower]�as ahandoned Lhe Properry, then Lender may do and pay f'or wliataver is <br /> reasouable or app�'opriate to pintect Lender's interesY in the Property and rights under this Secw-ity <br /> Hish�iunent, includ'vzg pxotecting and/or asgessing 11ie value of tl�e Property, and seem'ing and/or re�airing <br /> the Property. Lender's actions cau include, Uut a��c not lin�itcd to: (a)pnying eny aums secured by a]ien <br /> wluch has priority over this Sc:curit�� Instxument; (b) pppetu•ing in comt; and(c)paying roasonable attoxi�cys' <br /> fees to proticct iLs inCerest in the Property wd/or righCe under 11iis Secw�ity instrmncnt, inclucling its seoured <br /> �osition in a btu�luuptcy proceeding. Secuting t1�e Property includes, buC is no[lim{ted to, entering tlie <br /> Property to inake repairs, cl�anga ]ocics, replace or boaxd up doors nnd windqwe, drain water tiom pipes, <br /> eliminate building or oCher code violations or dangerous conditions, and have utiliEies karncd on or ofC. <br /> Althoigh Lerider may take action nnder this Seotiion 9, Lencler does not havc to do so and is noC imder�ny <br /> dnly or obligakion to do so. It is agreed fliat Lender incurs no liability for nof faLcing any or all notione <br /> authorized under this�Seetion 9. <br /> Any tunounts disburaed by Lencler under this Seetion 9 sha11 Ueco�ne ad�liti�na1 debt of Bc�rrowcr secured by <br /> fhis Security Instrument. Thase amounts shall bear interest at Yho Note raCe fi�om hhe dt�[e of disbtirsement <br /> Tnd shall be payable, witl� suul�intcrest, upon noCioe fi•otn Lender to Borrower requesting paymeut. <br /> If fhis Sectu'ity Histruuient iY on a lcasohold, Borrower sh211 comply wiYh a11 the provisions of Uie lease. If <br /> Rorrower acquires Pee tiCle to the Propecty, the leasehold and Uie fee title shall not me��go unloss Lenclor <br /> agrees ko the merger in cmiting. <br /> 10. M ortgage Insurance. If Lendar reqnired Mortbago Insurance us a oondition of mnking the Lo¢n, Borrower <br /> shall pay the premiums reqLUred to maintain tUc NIorCgage Insuranoe in e£fect. If, for auy reason, the <br /> Mortgage Insm•anco coveragc roquired by Lender cenaes to Ue av�ilable from the mort�;age insurer thae <br /> previously provicled euoh insurence and Borrower was reqnired to make �;eparately dcsignated payvieuLa <br /> fowerd the pxamiwns for Mortgage Insurance, 13orrowm'eliall pay the preu�iums re�uired to obtnin coverage <br /> substantially equivalent to thc'i�(ortgago Insiu�ance previously in effeot, aY a cost substuiCially equivalent to <br /> the cost to 13�rrower�oP Eha MorCgage Insui�lnce previously in efPect, fi'om an a1ternate morCgagc innurer <br /> selecled 6y Lender. If subsYautially equivaleirt Mortgagc Insw•ancc coverage ia noh availal�le, Boirower shall <br /> 2AODOIS3 <br /> NEBRASKA-Sing le Fam Ily-Fannie M aclFredtlie M ac UNIFORM INST2UW ENT Form 30?.6 1101 <br /> JMP� VMPB(NE)(1106) <br /> W olters KLiwn�F'manniel5ervices Page 6 0�t] <br />
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