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201202�4� <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 condemnarion proceeds are not su�cient to repair or restore the Property, <br />Borrower is not relieved of Borrower's obligarion 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 Properiy. Lender shall give Bonower <br />notice at the time of or prior to such an interior inspecrion spe,cifying such reasonable cause. <br />8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, <br />Bonower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or <br />consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to <br />provide Lender with material information) in connecrion with the Loan. Material representarions include, but <br />are not limited to, representations concerning Borrower's occupancy of the Properiy as Bonower's principal <br />residence. <br />9. Protection of Lender's lnterest 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 groceeding that inight significantly affect Lender's interest in tfie Property and/or rights under this <br />Security Instrument (such as a groceeding in bankruptcy, probate, for condemnation or forfeiture, for <br />enforcement of a Iien 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 />reasonahle or appropriate to protect Lender's interest in the Property and rights under this Security <br />Instru.ment, including protecting and/or assessiag the vatue of the Properiy, and securing and/or repairing <br />the Property. Lenc�es's actions can inelude, but are not limited to: (a) paying any sums secured by a lien <br />which has priority over this Security Tnstxvmeitt; @) appearing in court; and. (c) paying reasonable attomeys' <br />fees to protect its interest in the Property and/or rights under this Security Instrument, iacluding its secureci <br />gosition in a bank�uptcy proceeding. Securing the Property includes, but is not limit� to, entering the <br />Property to malce repairs, change locks, replace or board up doors and windo�+s, drain water from giPes, <br />eIiminate building or other cade violations or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take acrion under this �Ction 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 taking any or all actions <br />authorized under tkis Section 9. <br />Any amounts disbursed by Lender under this �ction 9 shall hecome additional debt of Borrower s�ured by <br />this Se,cu.rity Instrument. These amounts shall hear interest at the Note rate from the date of disbursement <br />and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br />If this Security Instrument is on a Ieasehold, Borrower shall comply with all the provisions of the Iease. 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 />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of maldng 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 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 Bonower 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-Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT <br />VMP p <br />Wolters Kluwer Financial Services <br />Form 3028 7/01 <br />VMPBINE) (t 705) <br />Page 8 of 17 <br />� 4 <br />