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201202724
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Last modified
4/9/2012 8:46:17 AM
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4/9/2012 8:46:16 AM
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DEEDS
Inst Number
201202724
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2Q1202�2� <br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence <br />within 60 days a�ter the execution of this Sec�mty Instnunent and shall continue to accupy the Property as <br />Borrower' s principal residence for at least one yeaz after the date of occupancy, unless Lender otherwise <br />agrees in writing, wluch consent sha11 not be unreasonably withheld, or unless extenuating circumstances <br />exist which are beyond Borrower's control. <br />7. Preservation, Mairitenance and Protec.tlon of the Property; Inspedlons. Bonower shall not destroy, <br />damage or impair the Property, allow the Proparty to deteriorate or commit waste on the Proparty. Whethar <br />or not Bonower is residing in the Properiy, Bonower shall maintain the Property in order to prevent the <br />Property from deteriorating or decreasing in value due to its condirion, Unless it is determined pursuant to <br />Section 5 that repair or restoration is not e�onomically feasible, Borrower shall promptly repair the Properiy <br />if damaged to avoid fiuther deterioration or dasnage. If insuranca or condemnation proceeds aza paid in <br />connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or <br />restoring the Property only if Lender has released proceeds for auch purposes. Lender may disburse proceeds <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 sufficient to repair or restore the Properiy, <br />Borrower 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 tha interior of the improvements on tha Propariy. Lender shall give Borrower <br />notice at the time of ar prior to such an interior insp�tion specifying such reasonable cause. <br />8. Borrowers Loan Application. Borrower shall be in default if, during the Loan a�plication procass, <br />Bonower or any persons or entities acting at the directaion of Bonower or with Boaower's knowledge or <br />consent gave materially false, misleading, or inaccurate informarion or statements to Lender (or failed to <br />provide Lender with material infornoation) in connection with the Loan. Material representations include, but <br />are not limited to, representations concerning Horrower' s occupancy of the Properiy as Borrower' s principal <br />residence. <br />9. Prot�tion of Lenders Interest in the Properly and Rights Under this Security Instrument. If (a) <br />Borrower fails to parform the covenants and agreements contained in this S�urity Insixument, (b) thare is a <br />legal praceeding that might signific�ntly affect Lender' s intsr�t in the Property and/or rights under tlus <br />Security Instrument (such as a proceeding in banla�uptcy, probate, for condemnation or forfeiture, for <br />enforcement of a lien which may attain priority over this Security Instrvment or to enforce laws or <br />regulations), or (c) Bonower has abandoned the Properiy, then Lender may do and pay for whatever is <br />reasonable or appropriate to protect Lender' s interest in the Progerty and rights under tlus Security <br />Instnunent, including protecting and/or assessing the value of the Properiy, and sec�mng and/or repairing <br />the Properiy. Lender' s actions can include, but aze not limited to: (a) paying any swns sacured by a lien <br />which has priority over this Se�u�ity Instntment; (b) appearing in court; and (c) Paying reasonable attorneys' <br />fees to protect its interest in the Property and/or rights under this Se�urity Instrument, including its secwe� <br />position in a bankruptcy proceeding. Securing the Property includeg, but is not limited to, entering the <br />Property to make repairs, change lacks, replace or board up doors and windows, drain water from pi�s, <br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. <br />Although Lender may take action under tlus Secbion 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 acrions <br />authorized under tlus Section 9. <br />22Q0244242 D VBANE <br />NEBRASKASh�gle Feminr-Fennie Mee/Freddie Mea UNIFORM INSTRUMENI' WITH MERS Form 3048 t/O7 <br />VMP (ql VMP9A(NE) (710b) <br />Wokere Kluw� Flnem9al Servkas Page 8 of 17 <br />
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