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201201178
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Last modified
3/19/2012 3:48:16 PM
Creation date
2/15/2012 8:39:27 AM
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DEEDS
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201201178
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20120117� <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 Borrower <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 dire,ction of Borrower 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 connection with the Loan. Material representations include, but <br />aze not limited to, representations concerning Bonower's occupancy of the Property as Borrower's principal <br />residence. <br />9. Protection of Lender's Interest in the Properiy and Rights Under this Security Instrument. If (a) <br />Bonower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a <br />legal praceeding that migltt significantly affect Lender's interest in the Property and/or rights under this <br />Security Instrument (such as a proceeding in banlQUptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien wluch may attain priority over this Security �nstr�___�►± or to enforce Iaws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do aad pay for whatever is <br />reasonable or appropriaLe to prote,ct I.ender's interest in the Property anc� rights uader this Security <br />l`nstrament, includ.iag protecting and/or assessing the value of the Prop�rcy, a�d securing and/or repairing <br />the �'rogert�. �.ender's actioIIS c�a i�Fude, but are not limited to: (a) PaYing aat�► �ums secured by a iiett <br />wbicla � pFaIIO�r over tizis S�curitY ����; @) �PP�g ffi�a�; � R�)1�J+�S Fe$sonab2e attorneys' <br />fees to grQE� i�s � im �se Pro�ty aadlar rig�its � this �ity �, ia��it�g its se.c�red <br />pos��io�c i� a��y .� the �ger�y i�ccFudes, br� is IIot I'rmstec� to, emte�g �Ce <br />E'�opeaty to ��, �g� tmcTs, r�aZac� 0r �ar� up ciooas ��ws, � vvater frc� gipes, <br />etiminate �d�g �g ar�eL e� vi��aEioBS Qr c�attgerous conditions, aFnfi laave u�aliti:es turned on os off. <br />Although E� �ga tat� a�tican uIIder this S�Uion 9, �idec does �t have to de� so and is not untter aray <br />duty or abl�g�atian t� dc� �. Et is agreec� tfrat I.ender incvas � ti�aib'rlity f� nv� tak�g aay or all actions <br />auth�rizer� �uder t&�i:s �� 9. <br />A4r►y ama�auts c�sb� by E�ncter under this Section 9 s�iall b�ome ac�dZitia� debt af Borrovwer s�ureci by <br />this Se�curity �BStr�en�. '�ese a�nounts sha1l beaz interes� at the Note �e fron� the cfia:te of disbursement <br />and shall be payable, with such interest, upon notice from Lencter to Borrewer requesting payment. <br />If this Security Instrument is on a leasehold, Bonower shall comply with aIl the provisions of the lease. If <br />Bonower acquires fee ritle to the Property, the leasehold and the f� ritle shall not merge unless Lender <br />agrees to the merger in writing. <br />10. 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 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 Borrower was required to make separately designated payments <br />towazd the premiums for Mortgage Insu.rance, 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, Borrower shall <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Flnancial Services <br />Form 3028 1 /01 <br />VMPBWE) 11105) <br />Page 8 of 17 <br />6 <br />
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