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201202096
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3/20/2012 10:08:40 AM
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3/20/2012 10:08:39 AM
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DEEDS
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201202096
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20120209E <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 are not suf�cient to repair or restore the Property, <br />Borrower is not relieved of Borrower's obligaxion for the completion of such repair or restoration. <br />Lender or its agent may make rea.sonable entries upon and inspections of the Property. If it has reasona,ble <br />cause, Leader ma.y inspect the interior of the improvements on the Properry. Lender sha.11 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. Borrower sha.11 be in default if, during the Loan application process, <br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's kaowledge or <br />cousent gave materially false, misleading, or ina.ccurate information or statements to Lender (or failed to <br />provide Lender with material informa.tion) in coanection with the Loan. Material representatioas include, but <br />are not limited to, representations concerning Borrower's occupancy of the Property as Borrower'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 covena.nts and agreemen[s conta.ined in this Security Instrument, (b) there is a <br />legal proceediug that might signif'icantly affect Lender's interest in the Properly and/or rights under this <br />Securiry Instrument (such as a proceediug in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may atta.in prioriry over this Securiry 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 protect Lender's iaterest in the Properry and rights under this Securiry <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing <br />the Property. Lender's actioas ca.n include, but are not limited to: (a) paying any sums secured by a lien <br />which has prioriry over this Securiry Instrument; (b) appearing in court; and (c) paying reasonable attorneys' <br />fees to protect its interest in the Property and/or rights under this Securiry Instrument, including its secured <br />position in a bankruptcy proceeding. Securing the Property includes, but is aot limited to, entering the <br />Properry to mal�e repairs, cha.nge locks, replace or board up doors and windows, drain water from pipes, <br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take action under this Section 9, Lender does not have to do so and is not under any <br />dury or obligation to do so. It is agreed that Lender incurs no liabiliry for not taking any or all actions <br />authorized under this Section 9. <br />Any amounts disbursed by Lender under this Section 9 sha11 become additional debt of Borrower secured by <br />this Secutiry Instrument. These amounts shall bear interest at the Note rate from the date of disbursement <br />and sha11 be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a leasehold, Borrower sha11 comply with all the provisions of the lease. If <br />Borrower acquires fee title to the Property, the leasehold and tlte fee title 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, Borrower <br />sha11 pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the <br />Mortgage Insuraace coverage required by Lender ceases to be availa.ble from the mortgage insurer that <br />previously provided such insurance and Borrower was required to make separately desiguated payments <br />toward the premiums for Mortgage Insurance, Borrower sha.11 pay the premiums required to obta.in 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 substa.atially equivalent Mortgage Insurance coverage is not available, Borrower shall <br />NEBfiASKA-Single Family-Fannie Mae/Freddie Mac UNIFOFM INSTRUMENT Form 3028 1/01 <br />VMP � VMPB(NE) (1105�.00 <br />Woltera Kluwer Financial Sarvices Paga e of 17 <br />
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